Public Employees Retirement System of Ohio lifted its holdings in shares of Henry Schein, Inc. (NASDAQ:HSIC) by 122.2% during the 3rd quarter, according to its most recent disclosure with the Securities and Exchange Commission. The firm owned 138,310 shares of the company’s stock after purchasing an additional 76,059 shares during the quarter. Public Employees Retirement System of Ohio owned 0.09% of Henry Schein worth $11,340,000 as of its most recent SEC filing.

Several other institutional investors and hedge funds have also made changes to their positions in the company. YorkBridge Wealth Partners LLC increased its stake in Henry Schein by 5.2% in the second quarter. YorkBridge Wealth Partners LLC now owns 570 shares of the company’s stock valued at $104,000 after acquiring an additional 28 shares during the last quarter. Sun Life Financial INC increased its stake in Henry Schein by 8,185.7% in the second quarter. Sun Life Financial INC now owns 580 shares of the company’s stock valued at $106,000 after acquiring an additional 573 shares during the last quarter. FTB Advisors Inc. increased its stake in Henry Schein by 100.0% in the third quarter. FTB Advisors Inc. now owns 1,484 shares of the company’s stock valued at $120,000 after acquiring an additional 742 shares during the last quarter. Trust Co. of Vermont increased its stake in Henry Schein by 56.7% in the third quarter. Trust Co. of Vermont now owns 1,702 shares of the company’s stock valued at $140,000 after acquiring an additional 616 shares during the last quarter. Finally, Lee Financial Co increased its stake in Henry Schein by 100.0% in the third quarter. Lee Financial Co now owns 1,756 shares of the company’s stock valued at $144,000 after acquiring an additional 878 shares during the last quarter. 91.69% of the stock is currently owned by institutional investors.

A number of research analysts recently issued reports on HSIC shares. Credit Suisse Group reissued a “hold” rating and issued a $87.50 price objective on shares of Henry Schein in a research note on Tuesday, August 29th. Piper Jaffray Companies raised shares of Henry Schein from a “neutral” rating to an “overweight” rating in a research note on Friday, September 15th. Craig Hallum raised shares of Henry Schein from a “hold” rating to a “buy” rating in a research note on Tuesday, November 7th. Morgan Stanley cut shares of Henry Schein from an “equal weight” rating to an “underweight” rating and set a $88.00 price objective on the stock. in a research note on Wednesday, December 6th. Finally, Zacks Investment Research lowered shares of Henry Schein from a “hold” rating to a “sell” rating in a research report on Monday, November 13th. Three equities research analysts have rated the stock with a sell rating, seven have assigned a hold rating and eight have given a buy rating to the company. The stock currently has a consensus rating of “Hold” and an average target price of $87.79.

Shares of Henry Schein, Inc. (NASDAQ:HSIC) opened at $71.49 on Wednesday. Henry Schein, Inc. has a 52-week low of $65.28 and a 52-week high of $93.50. The company has a debt-to-equity ratio of 0.30, a current ratio of 1.55 and a quick ratio of 0.86. The firm has a market cap of $11,011.92, a P/E ratio of 19.68, a price-to-earnings-growth ratio of 1.98 and a beta of 0.99.

Henry Schein (NASDAQ:HSIC) last issued its earnings results on Monday, November 6th. The company reported $0.87 earnings per share for the quarter, missing analysts’ consensus estimates of $0.90 by ($0.03). The company had revenue of $3.16 billion during the quarter, compared to analyst estimates of $3.05 billion. Henry Schein had a net margin of 4.52% and a return on equity of 19.71%. The business’s quarterly revenue was up 10.3% on a year-over-year basis. During the same quarter in the prior year, the business earned $0.84 EPS. equities research analysts expect that Henry Schein, Inc. will post 3.6 EPS for the current fiscal year.

Henry Schein declared that its Board of Directors has approved a share repurchase program on Monday, September 18th that allows the company to buyback $400.00 million in outstanding shares. This buyback authorization allows the company to reacquire up to 6.3% of its stock through open market purchases. Stock buyback programs are usually an indication that the company’s board believes its shares are undervalued.

In other news, Director Barry J. Alperin sold 5,796 shares of Henry Schein stock in a transaction on Friday, December 1st. The shares were sold at an average price of $70.76, for a total transaction of $410,124.96. Following the transaction, the director now owns 48,172 shares in the company, valued at $3,408,650.72. The sale was disclosed in a document filed with the SEC, which is available through the SEC website. 1.19% of the stock is currently owned by insiders.

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Henry Schein Company Profile

Henry Schein, Inc is a provider of healthcare products and services primarily to office-based dental, animal health and medical practitioners. The Company operates through two segments: healthcare distribution, and technology and value-added services. The healthcare distribution segment distributes consumable products, small equipment, laboratory products, large equipment, equipment repair services, branded and generic pharmaceuticals, vaccines, surgical products, diagnostic tests, infection-control products and vitamins.

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Institutional Ownership by Quarter for Henry Schein (NASDAQ:HSIC)

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