Engineers Gate Manager LP Has $2.14 Million Stake in Owens & Minor, Inc. (OMI)
Engineers Gate Manager LP lessened its position in Owens & Minor, Inc. (NYSE:OMI) by 11.0% in the second quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm owned 66,480 shares of the company’s stock after selling 8,201 shares during the period. Engineers Gate Manager LP owned about 0.11% of Owens & Minor worth $2,140,000 at the end of the most recent quarter.
Several other institutional investors and hedge funds have also recently made changes to their positions in OMI. BlackRock Inc. grew its position in shares of Owens & Minor by 8,301.0% in the 1st quarter. BlackRock Inc. now owns 7,423,066 shares of the company’s stock valued at $256,840,000 after acquiring an additional 7,334,707 shares during the period. JPMorgan Chase & Co. grew its position in shares of Owens & Minor by 136.5% in the 1st quarter. JPMorgan Chase & Co. now owns 1,609,977 shares of the company’s stock valued at $55,705,000 after acquiring an additional 929,196 shares during the period. Point72 Asset Management L.P. grew its position in shares of Owens & Minor by 770.6% in the 1st quarter. Point72 Asset Management L.P. now owns 723,500 shares of the company’s stock valued at $25,033,000 after acquiring an additional 640,400 shares during the period. Renaissance Technologies LLC bought a new position in shares of Owens & Minor in the 1st quarter valued at about $7,783,000. Finally, Ameriprise Financial Inc. grew its position in shares of Owens & Minor by 114.3% in the 1st quarter. Ameriprise Financial Inc. now owns 384,910 shares of the company’s stock valued at $13,313,000 after acquiring an additional 205,273 shares during the period. 97.82% of the stock is owned by institutional investors.
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A number of research analysts have recently commented on OMI shares. BidaskClub downgraded shares of Owens & Minor from a “hold” rating to a “sell” rating in a research report on Tuesday, June 20th. Jefferies Group LLC set a $36.00 target price on shares of Owens & Minor and gave the stock a “hold” rating in a research note on Monday, May 22nd. Zacks Investment Research upgraded shares of Owens & Minor from a “hold” rating to a “buy” rating and set a $34.00 target price for the company in a research note on Friday, August 4th. Robert W. Baird upgraded shares of Owens & Minor from an “underperform” rating to a “neutral” rating and set a $28.00 target price for the company in a research note on Friday, September 1st. Finally, UBS AG restated a “sell” rating and set a $29.50 target price (down previously from $30.50) on shares of Owens & Minor in a research note on Wednesday, August 9th. Three equities research analysts have rated the stock with a sell rating, two have assigned a hold rating and one has assigned a buy rating to the company’s stock. The stock has a consensus rating of “Hold” and an average target price of $31.10.
Shares of Owens & Minor, Inc. (NYSE OMI) opened at 28.24 on Monday. The firm has a market cap of $1.73 billion, a PE ratio of 17.96 and a beta of 1.04. The firm has a 50-day moving average of $29.01 and a 200 day moving average of $32.30. Owens & Minor, Inc. has a 52 week low of $26.91 and a 52 week high of $37.02.
Owens & Minor (NYSE:OMI) last released its quarterly earnings data on Tuesday, August 1st. The company reported $0.43 EPS for the quarter, meeting the Thomson Reuters’ consensus estimate of $0.43. The business had revenue of $2.27 billion for the quarter, compared to the consensus estimate of $2.38 billion. Owens & Minor had a net margin of 1.02% and a return on equity of 11.64%. The company’s revenue was down 8.8% compared to the same quarter last year. During the same period in the prior year, the firm earned $0.52 earnings per share. Equities research analysts predict that Owens & Minor, Inc. will post $1.92 EPS for the current fiscal year.
The firm also recently disclosed a quarterly dividend, which will be paid on Friday, September 29th. Shareholders of record on Friday, September 15th will be issued a dividend of $0.2575 per share. This represents a $1.03 annualized dividend and a yield of 3.65%. The ex-dividend date of this dividend is Thursday, September 14th. Owens & Minor’s dividend payout ratio (DPR) is presently 65.19%.
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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