Owens & Minor, Inc. (OMI) Shares Bought by Northern Trust Corp
Northern Trust Corp lifted its position in Owens & Minor, Inc. (NYSE:OMI) by 24.9% during the second quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The fund owned 2,110,016 shares of the company’s stock after acquiring an additional 421,202 shares during the period. Northern Trust Corp owned 3.45% of Owens & Minor worth $67,922,000 as of its most recent filing with the Securities and Exchange Commission (SEC).
Several other large investors have also recently modified their holdings of the company. Macquarie Group Ltd. raised its stake in Owens & Minor by 2.3% in the 1st quarter. Macquarie Group Ltd. now owns 1,272,360 shares of the company’s stock valued at $44,024,000 after purchasing an additional 29,095 shares during the last quarter. Dean Capital Management acquired a new stake in Owens & Minor during the 1st quarter worth $2,283,000. Cipher Capital LP boosted its stake in Owens & Minor by 27.5% during the 2nd quarter. Cipher Capital LP now owns 164,224 shares of the company’s stock worth $5,287,000 after purchasing an additional 35,378 shares during the last quarter. Alpha Windward LLC boosted its stake in Owens & Minor by 1.3% during the 2nd quarter. Alpha Windward LLC now owns 13,980 shares of the company’s stock worth $450,000 after purchasing an additional 180 shares during the last quarter. Finally, Dimensional Fund Advisors LP grew its holdings in shares of Owens & Minor by 8.6% during the first quarter. Dimensional Fund Advisors LP now owns 2,567,308 shares of the company’s stock worth $88,828,000 after buying an additional 202,892 shares in the last quarter. 97.76% of the stock is currently owned by hedge funds and other institutional investors.
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A number of equities research analysts have recently commented on OMI shares. UBS AG reiterated a “sell” rating and issued a $29.50 target price (down from $30.50) on shares of Owens & Minor in a research report on Wednesday, August 9th. Jefferies Group LLC reaffirmed a “hold” rating and set a $32.00 price objective (down previously from $36.00) on shares of Owens & Minor in a research note on Wednesday, August 9th. BidaskClub cut shares of Owens & Minor from a “hold” rating to a “sell” rating in a research note on Wednesday, July 12th. Zacks Investment Research upgraded shares of Owens & Minor from a “hold” rating to a “buy” rating and set a $34.00 price objective for the company in a report on Friday, August 4th. Finally, Robert W. Baird raised shares of Owens & Minor from an “underperform” rating to a “neutral” rating and set a $28.00 target price on the stock in a research note on Friday, September 1st. Three research analysts have rated the stock with a sell rating, two have issued a hold rating and one has given a buy rating to the company. Owens & Minor has an average rating of “Hold” and a consensus price target of $31.10.
Shares of Owens & Minor, Inc. (NYSE:OMI) opened at 29.64 on Tuesday. The company’s 50-day moving average is $28.25 and its 200 day moving average is $31.42. Owens & Minor, Inc. has a 52-week low of $26.91 and a 52-week high of $37.02. The firm has a market capitalization of $1.81 billion, a PE ratio of 18.85 and a beta of 1.03.
Owens & Minor (NYSE:OMI) last posted its quarterly earnings data on Tuesday, August 1st. The company reported $0.43 EPS for the quarter, hitting analysts’ consensus estimates of $0.43. Owens & Minor had a return on equity of 11.64% and a net margin of 1.02%. The firm had revenue of $2.27 billion during the quarter, compared to analysts’ expectations of $2.38 billion. During the same quarter last year, the business posted $0.52 EPS. The firm’s quarterly revenue was down 8.8% compared to the same quarter last year. Equities analysts expect that Owens & Minor, Inc. will post $1.92 earnings per share for the current fiscal year.
The company also recently announced a quarterly dividend, which was paid on Friday, September 29th. Shareholders of record on Friday, September 15th were issued a $0.2575 dividend. The ex-dividend date of this dividend was Thursday, September 14th. This represents a $1.03 dividend on an annualized basis and a yield of 3.48%. Owens & Minor’s dividend payout ratio (DPR) is 65.19%.
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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