California State Teachers Retirement System Lowers Position in Henry Schein, Inc. (NASDAQ:HSIC)

California State Teachers Retirement System decreased its position in shares of Henry Schein, Inc. (NASDAQ:HSIC) by 4.4% during the fourth quarter, according to its most recent filing with the SEC. The firm owned 205,113 shares of the company’s stock after selling 9,429 shares during the period. California State Teachers Retirement System owned about 0.17% of Henry Schein worth $14,194,000 at the end of the most recent quarter.

A number of other institutional investors and hedge funds also recently made changes to their positions in HSIC. Barclays PLC raised its holdings in Henry Schein by 6.9% in the third quarter. Barclays PLC now owns 286,475 shares of the company’s stock worth $20,882,000 after purchasing an additional 18,458 shares in the last quarter. Fifth Third Bancorp increased its stake in shares of Henry Schein by 11.0% in the 4th quarter. Fifth Third Bancorp now owns 3,366 shares of the company’s stock worth $233,000 after acquiring an additional 333 shares in the last quarter. Robeco Institutional Asset Management B.V. purchased a new position in Henry Schein during the 4th quarter valued at about $763,000. Cibc World Market Inc. boosted its stake in Henry Schein by 2.8% during the fourth quarter. Cibc World Market Inc. now owns 360,018 shares of the company’s stock worth $24,913,000 after acquiring an additional 9,954 shares in the last quarter. Finally, Everett Harris & Co. CA grew its holdings in Henry Schein by 5.4% in the fourth quarter. Everett Harris & Co. CA now owns 156,557 shares of the company’s stock worth $10,834,000 after purchasing an additional 8,015 shares during the period. Hedge funds and other institutional investors own 96.62% of the company’s stock.

Analyst Ratings Changes

HSIC has been the subject of several recent research reports. Barrington Research lowered their target price on shares of Henry Schein from $90.00 to $86.00 and set an “outperform” rating for the company in a report on Tuesday, May 6th. UBS Group dropped their target price on Henry Schein from $83.00 to $80.00 and set a “neutral” rating on the stock in a report on Wednesday, February 26th. Wells Fargo & Company cut their target price on Henry Schein from $80.00 to $75.00 and set an “equal weight” rating on the stock in a research note on Tuesday, May 6th. Piper Sandler lowered their price target on Henry Schein from $83.00 to $77.00 and set an “overweight” rating for the company in a research report on Wednesday, April 30th. Finally, Wall Street Zen cut shares of Henry Schein from a “buy” rating to a “hold” rating in a research note on Thursday, April 17th. Six analysts have rated the stock with a hold rating, five have issued a buy rating and one has assigned a strong buy rating to the company’s stock. Based on data from MarketBeat, the stock currently has an average rating of “Moderate Buy” and an average target price of $79.30.

Henry Schein Price Performance

HSIC opened at $69.86 on Friday. The company’s 50-day simple moving average is $67.65 and its two-hundred day simple moving average is $71.63. The company has a debt-to-equity ratio of 0.46, a quick ratio of 0.82 and a current ratio of 1.42. The stock has a market capitalization of $8.50 billion, a P/E ratio of 28.75, a P/E/G ratio of 2.13 and a beta of 0.87. Henry Schein, Inc. has a 52-week low of $60.56 and a 52-week high of $82.49.

Henry Schein (NASDAQ:HSIC) last issued its quarterly earnings data on Monday, May 5th. The company reported $1.15 earnings per share for the quarter, beating analysts’ consensus estimates of $1.11 by $0.04. Henry Schein had a net margin of 2.51% and a return on equity of 12.90%. The company had revenue of $3.17 billion for the quarter, compared to the consensus estimate of $3.24 billion. During the same quarter in the prior year, the firm earned $1.10 earnings per share. The firm’s revenue for the quarter was down .1% compared to the same quarter last year. As a group, analysts predict that Henry Schein, Inc. will post 4.74 EPS for the current year.

Insider Transactions at Henry Schein

In other Henry Schein news, Director Philip A. Laskawy sold 2,604 shares of Henry Schein stock in a transaction that occurred on Wednesday, March 19th. The shares were sold at an average price of $71.04, for a total transaction of $184,988.16. Following the transaction, the director now owns 24,805 shares of the company’s stock, valued at $1,762,147.20. The trade was a 9.50% decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available through the SEC website. Also, CEO Bradford C. Connett sold 4,036 shares of the company’s stock in a transaction that occurred on Wednesday, March 19th. The stock was sold at an average price of $71.15, for a total transaction of $287,161.40. Following the completion of the transaction, the chief executive officer now owns 62,688 shares of the company’s stock, valued at approximately $4,460,251.20. The trade was a 6.05% decrease in their ownership of the stock. The disclosure for this sale can be found here. Company insiders own 1.14% of the company’s stock.

About Henry Schein

Henry Schein, Inc provides health care products and services to dental practitioners, laboratories, physician practices, and ambulatory surgery centers, government, institutional health care clinics, and other alternate care clinics worldwide. It operates through two segments, Health Care Distribution, and Technology and Value-Added Services.