Owens & Minor, Inc. (NYSE:OMI) has received a consensus rating of “Hold” from the five analysts that are covering the firm, MarketBeat Ratings reports. Two equities research analysts have rated the stock with a sell rating and two have given a hold rating to the company. The average 12 month price target among brokerages that have issued ratings on the stock in the last year is $34.00.
OMI has been the subject of a number of analyst reports. Jefferies Group LLC set a $36.00 price target on Owens & Minor and gave the company a “hold” rating in a report on Thursday, March 16th. Zacks Investment Research downgraded Owens & Minor from a “hold” rating to a “sell” rating in a report on Friday, May 5th. TheStreet downgraded Owens & Minor from a “b” rating to a “c+” rating in a report on Thursday, May 4th. Finally, BidaskClub raised Owens & Minor from a “sell” rating to a “hold” rating in a research note on Tuesday.
In other news, EVP Rony Camil Kordahi sold 2,231 shares of the company’s stock in a transaction that occurred on Wednesday, May 24th. The stock was sold at an average price of $32.07, for a total transaction of $71,548.17. Following the completion of the transaction, the executive vice president now directly owns 27,555 shares of the company’s stock, valued at approximately $883,688.85. The sale was disclosed in a filing with the SEC, which is available at this link. Also, insider Michael Wayne Lowry sold 1,300 shares of the company’s stock in a transaction that occurred on Tuesday, May 9th. The stock was sold at an average price of $32.19, for a total value of $41,847.00. Following the transaction, the insider now directly owns 10,498 shares of the company’s stock, valued at $337,930.62. The disclosure for this sale can be found here. Over the last ninety days, insiders have sold 32,848 shares of company stock valued at $1,089,762. Corporate insiders own 1.68% of the company’s stock.
Several hedge funds and other institutional investors have recently made changes to their positions in OMI. DZ BANK AG Deutsche Zentral Genossenschafts Bank Frankfurt am Main acquired a new position in shares of Owens & Minor during the fourth quarter valued at $111,000. Meadow Creek Investment Management LLC increased its position in shares of Owens & Minor by 23.0% in the first quarter. Meadow Creek Investment Management LLC now owns 3,300 shares of the company’s stock valued at $114,000 after buying an additional 616 shares during the last quarter. Glen Harbor Capital Management LLC increased its position in shares of Owens & Minor by 23.0% in the first quarter. Glen Harbor Capital Management LLC now owns 4,200 shares of the company’s stock valued at $145,000 after buying an additional 784 shares during the last quarter. Elkfork Partners LLC acquired a new position in shares of Owens & Minor during the fourth quarter valued at $146,000. Finally, Stifel Financial Corp acquired a new position in shares of Owens & Minor during the first quarter valued at $202,000. 99.15% of the stock is owned by institutional investors and hedge funds.
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Owens & Minor (OMI) traded down 1.22% during midday trading on Tuesday, reaching $31.54. 1,057,909 shares of the company’s stock were exchanged. The firm has a market capitalization of $1.93 billion, a price-to-earnings ratio of 18.75 and a beta of 1.04. Owens & Minor has a 52 week low of $30.43 and a 52 week high of $38.28. The firm’s 50 day moving average is $32.41 and its 200 day moving average is $34.52.
Owens & Minor (NYSE:OMI) last announced its quarterly earnings results on Tuesday, May 2nd. The company reported $0.41 earnings per share (EPS) for the quarter, missing the Zacks’ consensus estimate of $0.42 by $0.01. Owens & Minor had a net margin of 1.08% and a return on equity of 12.28%. The company had revenue of $2.33 billion during the quarter. On average, equities analysts anticipate that Owens & Minor will post $1.78 earnings per share for the current year.
The firm also recently announced a quarterly dividend, which will be paid on Friday, June 30th. Stockholders of record on Thursday, June 15th will be paid a dividend of $0.2575 per share. This represents a $1.03 annualized dividend and a dividend yield of 3.27%. The ex-dividend date is Tuesday, June 13th. Owens & Minor’s payout ratio is 60.95%.
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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