State of Tennessee Treasury Department trimmed its stake in shares of Henry Schein, Inc. (NASDAQ:HSIC) by 84.7% during the first quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The firm owned 55,487 shares of the company’s stock after selling 307,819 shares during the period. State of Tennessee Treasury Department’s holdings in Henry Schein were worth $3,335,000 as of its most recent SEC filing.
Other large investors also recently modified their holdings of the company. Financial Gravity Companies Inc. bought a new position in Henry Schein in the fourth quarter valued at $29,000. CSat Investment Advisory L.P. grew its position in Henry Schein by 115.6% in the first quarter. CSat Investment Advisory L.P. now owns 552 shares of the company’s stock valued at $33,000 after purchasing an additional 296 shares in the last quarter. Parallel Advisors LLC grew its position in Henry Schein by 67.4% in the first quarter. Parallel Advisors LLC now owns 586 shares of the company’s stock valued at $35,000 after purchasing an additional 236 shares in the last quarter. Bruderman Asset Management LLC bought a new position in Henry Schein in the fourth quarter valued at $39,000. Finally, First Hawaiian Bank grew its position in Henry Schein by 66.7% in the first quarter. First Hawaiian Bank now owns 650 shares of the company’s stock valued at $39,000 after purchasing an additional 260 shares in the last quarter.
Shares of HSIC opened at $71.28 on Friday. Henry Schein, Inc. has a one year low of $56.58 and a one year high of $91.35. The stock has a market capitalization of $10.64 billion, a PE ratio of 17.26, a PEG ratio of 2.50 and a beta of 0.82. The company has a quick ratio of 0.93, a current ratio of 1.65 and a debt-to-equity ratio of 0.34.
Henry Schein (NASDAQ:HSIC) last announced its quarterly earnings data on Tuesday, May 7th. The company reported $0.80 EPS for the quarter, beating analysts’ consensus estimates of $0.76 by $0.04. Henry Schein had a net margin of 4.10% and a return on equity of 18.35%. The company had revenue of $2.36 billion during the quarter, compared to the consensus estimate of $2.36 billion. During the same quarter last year, the firm posted $0.95 EPS. The company’s quarterly revenue was up 3.8% on a year-over-year basis. On average, research analysts forecast that Henry Schein, Inc. will post 3.45 earnings per share for the current fiscal year.
A number of research firms recently weighed in on HSIC. Robert W. Baird reaffirmed a “neutral” rating on shares of Henry Schein in a research report on Monday, March 25th. Zacks Investment Research raised shares of Henry Schein from a “sell” rating to a “hold” rating in a research report on Thursday, May 2nd. BidaskClub downgraded shares of Henry Schein from a “hold” rating to a “sell” rating in a research report on Tuesday, May 7th. Cleveland Research reaffirmed a “hold” rating on shares of Henry Schein in a research report on Thursday, May 2nd. Finally, Wolfe Research assumed coverage on shares of Henry Schein in a research report on Thursday, May 30th. They issued an “underperform” rating for the company. Seven research analysts have rated the stock with a sell rating, nine have assigned a hold rating and four have assigned a buy rating to the company’s stock. The company currently has a consensus rating of “Hold” and a consensus target price of $74.27.
In other news, Director E Dianne Rekow sold 3,500 shares of Henry Schein stock in a transaction dated Friday, June 14th. The shares were sold at an average price of $71.18, for a total value of $249,130.00. Following the completion of the transaction, the director now owns 14,147 shares of the company’s stock, valued at approximately $1,006,983.46. The sale was disclosed in a legal filing with the SEC, which is accessible through this hyperlink. Also, Director Paul Brons sold 1,758 shares of the firm’s stock in a transaction dated Wednesday, June 12th. The stock was sold at an average price of $70.96, for a total transaction of $124,747.68. Following the sale, the director now owns 17,582 shares of the company’s stock, valued at approximately $1,247,618.72. The disclosure for this sale can be found here. Company insiders own 1.06% of the company’s stock.
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Henry Schein Company Profile
Henry Schein, Inc provides health care products and services to dental practitioners and laboratories, physician practices, 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.
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