Several other equities research analysts have also recently issued reports on OMI. Leerink Swann reissued a market perform rating and issued a $23.00 price objective (down from $34.00) on shares of Owens & Minor in a research report on Thursday, November 2nd. Zacks Investment Research raised shares of Owens & Minor from a sell rating to a hold rating in a research report on Thursday, November 9th. Credit Suisse Group reissued an underperform rating and issued a $17.00 price objective (down from $31.00) on shares of Owens & Minor in a research report on Monday, November 20th. JPMorgan Chase & Co. reissued an underweight rating and issued a $22.00 price objective on shares of Owens & Minor in a research report on Tuesday, December 19th. Finally, ValuEngine cut shares of Owens & Minor from a buy rating to a hold rating in a research report on Sunday, December 31st. Five investment analysts have rated the stock with a sell rating, four have assigned a hold rating and one has issued a buy rating to the stock. Owens & Minor has a consensus rating of Hold and a consensus price target of $26.21.
Shares of Owens & Minor (NYSE OMI) opened at $16.63 on Tuesday. The stock has a market cap of $1,012.55, a PE ratio of 10.35, a price-to-earnings-growth ratio of 1.54 and a beta of 0.92. The company has a debt-to-equity ratio of 0.89, a current ratio of 1.67 and a quick ratio of 0.91. Owens & Minor has a 52-week low of $14.26 and a 52-week high of $36.73.
The firm also recently declared a quarterly dividend, which will be paid on Friday, March 30th. Stockholders of record on Thursday, March 15th will be given a $0.26 dividend. This represents a $1.04 annualized dividend and a dividend yield of 6.25%. The ex-dividend date is Wednesday, March 14th. This is a boost from Owens & Minor’s previous quarterly dividend of $0.26. Owens & Minor’s dividend payout ratio is presently 85.12%.
Several institutional investors and hedge funds have recently made changes to their positions in the company. Dimensional Fund Advisors LP lifted its position in shares of Owens & Minor by 13.5% in the 3rd quarter. Dimensional Fund Advisors LP now owns 3,017,359 shares of the company’s stock worth $88,108,000 after purchasing an additional 359,785 shares during the period. LSV Asset Management lifted its position in shares of Owens & Minor by 35.6% in the 4th quarter. LSV Asset Management now owns 1,956,088 shares of the company’s stock worth $36,930,000 after purchasing an additional 513,924 shares during the period. Pzena Investment Management LLC lifted its position in shares of Owens & Minor by 3.2% in the 3rd quarter. Pzena Investment Management LLC now owns 1,617,568 shares of the company’s stock worth $47,233,000 after purchasing an additional 50,156 shares during the period. Skandinaviska Enskilda Banken AB publ purchased a new stake in shares of Owens & Minor in the 3rd quarter worth approximately $46,708,000. Finally, First Trust Advisors LP lifted its position in shares of Owens & Minor by 66.1% in the 4th quarter. First Trust Advisors LP now owns 1,455,743 shares of the company’s stock worth $27,484,000 after purchasing an additional 579,070 shares during the period. 98.32% of the stock is owned by hedge funds and other institutional investors.
About Owens & Minor
Owens & Minor, Inc is a healthcare services company that connects the world of medical products to the point of care. The Company provides supply chain assistance to the providers of healthcare services and the manufacturers of healthcare products, supplies and devices. The Company’s segments include Domestic, International and Clinical & Procedural Solutions (CPS).
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