Macquarie Group Ltd. Boosts Position in Owens & Minor Inc. (OMI)
Macquarie Group Ltd. raised its stake in shares of Owens & Minor Inc. (NYSE:OMI) by 0.8% during the second quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The institutional investor owned 1,248,034 shares of the company’s stock after buying an additional 9,474 shares during the period. Macquarie Group Ltd. owned approximately 2.00% of Owens & Minor worth $46,652,000 as of its most recent filing with the SEC.
Several other large investors have also added to or reduced their stakes in the stock. Vanguard Group Inc. raised its stake in Owens & Minor by 8.9% in the second quarter. Vanguard Group Inc. now owns 6,606,293 shares of the company’s stock valued at $246,943,000 after buying an additional 540,012 shares in the last quarter. BlackRock Fund Advisors raised its stake in Owens & Minor by 3.0% in the second quarter. BlackRock Fund Advisors now owns 3,134,322 shares of the company’s stock valued at $117,161,000 after buying an additional 90,917 shares in the last quarter. Dimensional Fund Advisors LP raised its stake in Owens & Minor by 3.1% in the second quarter. Dimensional Fund Advisors LP now owns 2,322,364 shares of the company’s stock valued at $86,806,000 after buying an additional 68,925 shares in the last quarter. State Street Corp raised its stake in Owens & Minor by 1.1% in the second quarter. State Street Corp now owns 2,317,886 shares of the company’s stock valued at $86,646,000 after buying an additional 25,815 shares in the last quarter. Finally, Acadian Asset Management LLC raised its stake in Owens & Minor by 1.5% in the second quarter. Acadian Asset Management LLC now owns 2,306,888 shares of the company’s stock valued at $86,233,000 after buying an additional 33,087 shares in the last quarter. 95.92% of the stock is owned by hedge funds and other institutional investors.
Owens & Minor Inc. (NYSE:OMI) traded down 1.08% on Friday, reaching $33.78. The company’s stock had a trading volume of 923,384 shares. Owens & Minor Inc. has a 12-month low of $30.43 and a 12-month high of $41.48. The company has a market capitalization of $2.08 billion, a price-to-earnings ratio of 18.46 and a beta of 0.99. The firm has a 50-day moving average of $33.24 and a 200 day moving average of $35.16.
Owens & Minor (NYSE:OMI) last issued its quarterly earnings results on Tuesday, November 1st. The company reported $0.51 earnings per share for the quarter, hitting the consensus estimate of $0.51. The business earned $2.42 billion during the quarter, compared to the consensus estimate of $2.51 billion. Owens & Minor had a return on equity of 13.08% and a net margin of 1.16%. The company’s quarterly revenue was down 2.3% on a year-over-year basis. During the same quarter last year, the company earned $0.54 earnings per share. On average, equities research analysts anticipate that Owens & Minor Inc. will post $2.03 EPS for the current fiscal year.
The company also recently announced a quarterly dividend, which will be paid on Friday, December 30th. Investors of record on Thursday, December 15th will be issued a dividend of $0.225 per share. This represents a $0.90 dividend on an annualized basis and a dividend yield of 2.66%. Owens & Minor’s dividend payout ratio (DPR) is 55.74%.
Several equities research analysts recently issued reports on OMI shares. Zacks Investment Research raised shares of Owens & Minor from a “sell” rating to a “hold” rating in a report on Tuesday, August 9th. Bank of America Corp. started coverage on shares of Owens & Minor in a report on Monday, September 12th. They issued a “neutral” rating for the company. Three research analysts have rated the stock with a sell rating and three have given a hold rating to the company. The stock currently has an average rating of “Hold” and a consensus target price of $35.60.
In related news, SVP Erika T. Davis sold 2,900 shares of Owens & Minor stock in a transaction dated Wednesday, August 31st. The stock was sold at an average price of $34.31, for a total transaction of $99,499.00. Following the completion of the sale, the senior vice president now owns 61,867 shares of the company’s stock, valued at $2,122,656.77. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at the SEC website. Corporate insiders own 1.72% of the company’s stock.
Owens & Minor Company Profile
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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