LSV Asset Management boosted its holdings in Owens & Minor, Inc. (NYSE:OMI) by 35.6% in the fourth quarter, according to the company in its most recent 13F filing with the SEC. The fund owned 1,956,088 shares of the company’s stock after buying an additional 513,924 shares during the quarter. LSV Asset Management owned 3.19% of Owens & Minor worth $36,930,000 at the end of the most recent quarter.
A number of other large investors have also modified their holdings of OMI. Northwestern Mutual Wealth Management Co. increased its position in shares of Owens & Minor by 3,167.7% during the 4th quarter. Northwestern Mutual Wealth Management Co. now owns 6,274 shares of the company’s stock valued at $118,000 after purchasing an additional 6,082 shares during the last quarter. Flinton Capital Management LLC increased its holdings in Owens & Minor by 62.7% in the 2nd quarter. Flinton Capital Management LLC now owns 3,904 shares of the company’s stock worth $126,000 after acquiring an additional 1,504 shares in the last quarter. Oppenheimer & Co. Inc. increased its holdings in Owens & Minor by 42.9% in the 3rd quarter. Oppenheimer & Co. Inc. now owns 9,376 shares of the company’s stock worth $274,000 after acquiring an additional 2,816 shares in the last quarter. QS Investors LLC increased its holdings in Owens & Minor by 22.7% in the 2nd quarter. QS Investors LLC now owns 9,737 shares of the company’s stock worth $313,000 after acquiring an additional 1,803 shares in the last quarter. Finally, Stifel Financial Corp increased its holdings in Owens & Minor by 75.8% in the 2nd quarter. Stifel Financial Corp now owns 10,285 shares of the company’s stock worth $332,000 after acquiring an additional 4,433 shares in the last quarter. 94.23% of the stock is owned by institutional investors and hedge funds.
Several research firms have weighed in on OMI. Zacks Investment Research downgraded Owens & Minor from a “hold” rating to a “strong sell” rating in a research note on Friday, December 22nd. ValuEngine downgraded Owens & Minor from a “buy” rating to a “hold” rating in a research note on Sunday, December 31st. Leerink Swann restated a “market perform” rating and issued a $23.00 price target (down from $34.00) on shares of Owens & Minor in a research note on Thursday, November 2nd. Credit Suisse Group reiterated an “underperform” rating and set a $17.00 target price (down from $31.00) on shares of Owens & Minor in a research report on Monday, November 20th. Finally, JPMorgan Chase & Co. reiterated an “underweight” rating and set a $22.00 target price on shares of Owens & Minor in a research report on Tuesday, December 19th. Five investment analysts have rated the stock with a sell rating and four have assigned a hold rating to the stock. The company currently has an average rating of “Sell” and an average target price of $26.50.
Owens & Minor, Inc. (OMI) traded up $0.70 during mid-day trading on Wednesday, reaching $15.64. The company’s stock had a trading volume of 1,529,557 shares, compared to its average volume of 1,496,412. The company has a debt-to-equity ratio of 0.91, a quick ratio of 0.95 and a current ratio of 1.77. Owens & Minor, Inc. has a twelve month low of $14.26 and a twelve month high of $36.73. The stock has a market capitalization of $961.62, a price-to-earnings ratio of 12.48, a price-to-earnings-growth ratio of 1.48 and a beta of 0.92.
Owens & Minor (NYSE:OMI) last released its earnings results on Monday, February 12th. The company reported $0.35 earnings per share for the quarter, missing analysts’ consensus estimates of $0.51 by ($0.16). The business had revenue of $2.39 billion during the quarter, compared to analysts’ expectations of $2.34 billion. Owens & Minor had a return on equity of 10.85% and a net margin of 0.83%. The business’s revenue for the quarter was up .9% on a year-over-year basis. During the same quarter in the previous year, the business earned $0.52 EPS. equities research analysts forecast that Owens & Minor, Inc. will post 1.6 earnings per share for the current fiscal year.
The company also recently declared a quarterly dividend, which will be paid on Friday, March 30th. Stockholders of record on Thursday, March 15th will be paid a dividend of $0.26 per share. The ex-dividend date is Wednesday, March 14th. This represents a $1.04 annualized dividend and a dividend yield of 6.65%. This is a positive change from Owens & Minor’s previous quarterly dividend of $0.26. Owens & Minor’s dividend payout ratio (DPR) is currently 80.47%.
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Owens & Minor Profile
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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