Owens & Minor Inc. (NYSE:OMI) has been given a consensus recommendation of “Hold” by the six analysts that are covering the company. Two research analysts have rated the stock with a sell recommendation and four have assigned a hold recommendation to the company. The average twelve-month price target among brokers that have issued a report on the stock in the last year is $34.67.
Several analysts have recently weighed in on OMI shares. Bank of America Corp. started coverage on shares of Owens & Minor in a research report on Monday, September 12th. They set a “neutral” rating on the stock. Zacks Investment Research lowered shares of Owens & Minor from a “hold” rating to a “sell” rating in a research report on Tuesday, July 12th.
In related news, SVP Erika T. Davis sold 2,900 shares of Owens & Minor stock in a transaction dated Wednesday, August 31st. The shares were sold at an average price of $34.31, for a total transaction of $99,499.00. Following the completion of the transaction, the senior vice president now directly owns 61,867 shares of the company’s stock, valued at approximately $2,122,656.77. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website. Also, Director Craig R. Smith sold 7,500 shares of Owens & Minor stock in a transaction dated Friday, August 5th. The shares were sold at an average price of $35.42, for a total transaction of $265,650.00. Following the transaction, the director now directly owns 104,482 shares of the company’s stock, valued at $3,700,752.44. The disclosure for this sale can be found here. Corporate insiders own 1.72% of the company’s stock.
Several institutional investors have recently made changes to their positions in the company. Bruderman Asset Management LLC increased its position in shares of Owens & Minor by 58.5% in the second quarter. Bruderman Asset Management LLC now owns 3,788 shares of the company’s stock worth $142,000 after buying an additional 1,398 shares in the last quarter. SevenBridge Financial Group LLC bought a new position in shares of Owens & Minor during the second quarter worth $144,000. LS Investment Advisors LLC increased its position in shares of Owens & Minor by 66.2% in the second quarter. LS Investment Advisors LLC now owns 4,144 shares of the company’s stock worth $155,000 after buying an additional 1,650 shares in the last quarter. Fuller & Thaler Asset Management Inc. increased its position in shares of Owens & Minor by 54.8% in the second quarter. Fuller & Thaler Asset Management Inc. now owns 4,800 shares of the company’s stock worth $179,000 after buying an additional 1,700 shares in the last quarter. Finally, Los Angeles Capital Management & Equity Research Inc. bought a new position in shares of Owens & Minor during the first quarter worth $208,000. 96.91% of the stock is owned by institutional investors.
Owens & Minor (NYSE:OMI) opened at 33.08 on Tuesday. The company has a market capitalization of $2.06 billion, a PE ratio of 18.47 and a beta of 0.88. Owens & Minor has a 12-month low of $32.47 and a 12-month high of $41.48. The stock has a 50 day moving average of $34.04 and a 200 day moving average of $36.24.
Owens & Minor (NYSE:OMI) last posted its quarterly earnings results on Tuesday, August 2nd. The company reported $0.52 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.49 by $0.03. The company had revenue of $2.48 billion for the quarter, compared to analyst estimates of $2.47 billion. Owens & Minor had a net margin of 1.13% and a return on equity of 13.28%. The business’s quarterly revenue was up 2.5% on a year-over-year basis. During the same period last year, the business posted $0.46 EPS. On average, equities research analysts predict that Owens & Minor will post $0.09 EPS for the current year.
The company also recently declared a quarterly dividend, which was paid on Friday, September 30th. Investors of record on Thursday, September 15th were issued a dividend of $0.255 per share. This represents a $1.02 annualized dividend and a yield of 3.08%. The ex-dividend date of this dividend was Tuesday, September 13th. Owens & Minor’s dividend payout ratio is currently 56.67%.
About Owens & Minor
Owens & Minor, Inc is a global healthcare services company. The Company provides supply chain assistance to the providers of healthcare services and the manufacturers of healthcare products, supplies and devices in the United States and Europe. The Company operates in two segments: Domestic and International.
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