Owens & Minor (OMI) Receives Consensus Recommendation of “Hold” from Brokerages
Shares of Owens & Minor (NYSE:OMI) have earned an average rating of “Hold” from the twelve ratings firms that are covering the stock, Marketbeat.com reports. Six research analysts have rated the stock with a sell recommendation, four have assigned a hold recommendation and one has given a buy recommendation to the company. The average 12 month price objective among brokerages that have issued a report on the stock in the last year is $23.06.
Several research firms have issued reports on OMI. Zacks Investment Research upgraded shares of Owens & Minor from a “sell” rating to a “hold” rating in a research note on Tuesday, January 30th. ValuEngine lowered shares of Owens & Minor from a “buy” rating to a “hold” rating in a research report on Sunday, December 31st. JPMorgan Chase reaffirmed an “underweight” rating and set a $22.00 price target on shares of Owens & Minor in a research report on Tuesday, December 19th. Barclays assumed coverage on shares of Owens & Minor in a research report on Thursday, March 8th. They set an “underweight” rating and a $16.00 price target for the company. Finally, Bank of America assumed coverage on shares of Owens & Minor in a research report on Tuesday, February 27th. They set a “buy” rating and a $19.00 price target for the company.
Owens & Minor stock traded down $0.14 during mid-day trading on Wednesday, reaching $15.62. The stock had a trading volume of 164,288 shares, compared to its average volume of 1,442,016. The company has a debt-to-equity ratio of 0.89, a current ratio of 1.67 and a quick ratio of 0.91. The stock has a market cap of $969.49, a price-to-earnings ratio of 9.71, a PEG ratio of 0.97 and a beta of 1.06. Owens & Minor has a one year low of $14.26 and a one year high of $34.97.
The firm also recently declared a quarterly dividend, which was paid on Friday, March 30th. Stockholders of record on Thursday, March 15th were given a dividend of $0.26 per share. The ex-dividend date of this dividend was Wednesday, March 14th. This represents a $1.04 annualized dividend and a dividend yield of 6.66%. This is a positive change from Owens & Minor’s previous quarterly dividend of $0.26. Owens & Minor’s dividend payout ratio is presently 64.60%.
Several hedge funds and other institutional investors have recently added to or reduced their stakes in OMI. Legal & General Group Plc increased its holdings in Owens & Minor by 8.2% in the 3rd quarter. Legal & General Group Plc now owns 110,423 shares of the company’s stock worth $3,227,000 after acquiring an additional 8,331 shares in the last quarter. Wells Fargo & Company MN increased its holdings in Owens & Minor by 18.3% in the 3rd quarter. Wells Fargo & Company MN now owns 1,057,869 shares of the company’s stock worth $30,889,000 after acquiring an additional 163,961 shares in the last quarter. Dimensional Fund Advisors LP increased its holdings in Owens & Minor by 13.5% in the 3rd quarter. Dimensional Fund Advisors LP now owns 3,017,359 shares of the company’s stock worth $88,108,000 after acquiring an additional 359,785 shares in the last quarter. Allianz Asset Management GmbH increased its holdings in Owens & Minor by 21.5% in the 3rd quarter. Allianz Asset Management GmbH now owns 246,636 shares of the company’s stock worth $7,202,000 after acquiring an additional 43,644 shares in the last quarter. Finally, Asset Management One Co. Ltd. increased its holdings in Owens & Minor by 179.9% in the 3rd quarter. Asset Management One Co. Ltd. now owns 147,500 shares of the company’s stock worth $4,365,000 after acquiring an additional 94,800 shares in the last quarter. 96.96% of the stock is owned by hedge funds and other institutional investors.
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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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