Jefferies Group LLC Reaffirms Hold Rating for Owens & Minor, Inc. (OMI)
Owens & Minor, Inc. (NYSE:OMI)‘s stock had its “hold” rating restated by equities research analysts at Jefferies Group LLC in a research report issued to clients and investors on Friday. They currently have a $36.00 target price on the stock. Jefferies Group LLC’s price objective would suggest a potential upside of 6.13% from the company’s previous close.
Separately, Zacks Investment Research cut shares of Owens & Minor from a “hold” rating to a “sell” rating in a research report on Wednesday, January 4th. Three equities research analysts have rated the stock with a sell rating and two have given a hold rating to the company. The stock currently has a consensus rating of “Sell” and an average price target of $33.33.
Shares of Owens & Minor (NYSE:OMI) traded up 0.03% during trading on Friday, hitting $33.92. The stock had a trading volume of 613,956 shares. Owens & Minor has a one year low of $30.43 and a one year high of $38.47. The stock’s 50-day moving average price is $34.69 and its 200 day moving average price is $34.67. The stock has a market cap of $2.07 billion, a price-to-earnings ratio of 19.27 and a beta of 0.97.
Owens & Minor (NYSE:OMI) last announced its quarterly earnings results on Tuesday, February 14th. The company reported $0.52 earnings per share for the quarter, topping analysts’ consensus estimates of $0.50 by $0.02. The company had revenue of $2.37 billion for the quarter, compared to analysts’ expectations of $2.38 billion. Owens & Minor had a net margin of 1.16% and a return on equity of 13.08%. The business’s quarterly revenue was down 4.8% compared to the same quarter last year. During the same period last year, the firm posted $0.56 earnings per share. On average, equities analysts forecast that Owens & Minor will post $1.80 EPS for the current year.
The company also recently declared a quarterly dividend, which was paid on Friday, March 31st. Stockholders of record on Wednesday, March 15th were given a dividend of $0.2575 per share. This represents a $1.03 dividend on an annualized basis and a dividend yield of 3.04%. This is a boost from Owens & Minor’s previous quarterly dividend of $0.23. The ex-dividend date of this dividend was Monday, March 13th. Owens & Minor’s dividend payout ratio (DPR) is currently 55.74%.
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In related news, SVP Charles C. Colpo sold 8,802 shares of the firm’s stock in a transaction on Tuesday, February 28th. The shares were sold at an average price of $36.04, for a total transaction of $317,224.08. Following the sale, the senior vice president now directly owns 38,705 shares in the company, valued at $1,394,928.20. The sale was disclosed in a document filed with the SEC, which is available at this hyperlink. Also, Director Craig R. Smith sold 20,000 shares of the firm’s stock in a transaction on Monday, January 23rd. The stock was sold at an average price of $35.81, for a total transaction of $716,200.00. Following the sale, the director now owns 49,732 shares in the company, valued at $1,780,902.92. The disclosure for this sale can be found here. Over the last three months, insiders have sold 49,202 shares of company stock worth $1,723,224. Insiders own 1.72% of the company’s stock.
Several large investors have recently modified their holdings of the company. Stratos Wealth Partners LTD. bought a new stake in shares of Owens & Minor during the third quarter worth approximately $529,000. Argentus Capital Management LLC raised its stake in shares of Owens & Minor by 10.5% in the third quarter. Argentus Capital Management LLC now owns 12,324 shares of the company’s stock worth $428,000 after buying an additional 1,171 shares during the last quarter. Isthmus Partners LLC raised its stake in shares of Owens & Minor by 3.2% in the third quarter. Isthmus Partners LLC now owns 16,549 shares of the company’s stock worth $554,000 after buying an additional 514 shares during the last quarter. Peregrine Capital Management LLC bought a new stake in shares of Owens & Minor during the third quarter worth approximately $7,151,000. Finally, Donald L. Hagan LLC raised its stake in shares of Owens & Minor by 9.3% in the third quarter. Donald L. Hagan LLC now owns 28,002 shares of the company’s stock worth $973,000 after buying an additional 2,371 shares during the last quarter. Institutional investors and hedge funds own 91.96% of the company’s stock.
Owens & Minor Company 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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