Owens & Minor, Inc. (NYSE:OMI) Receives Consensus Rating of “Hold” from Analysts

Owens & Minor, Inc. (NYSE:OMI) has received an average recommendation of “Hold” from the eight brokerages that are presently covering the stock, MarketBeat reports. Two investment analysts have rated the stock with a sell recommendation, four have assigned a hold recommendation and two have assigned a buy recommendation to the company. The average twelve-month price target among brokers that have issued a report on the stock in the last year is $18.50.

OMI has been the topic of several research reports. JPMorgan Chase & Co. dropped their price objective on shares of Owens & Minor from $22.00 to $18.00 and set an “underweight” rating on the stock in a report on Wednesday, August 21st. Citigroup decreased their target price on shares of Owens & Minor from $21.00 to $18.50 and set a “buy” rating for the company in a research report on Tuesday, November 5th. Robert W. Baird cut their price target on Owens & Minor from $19.00 to $14.00 and set a “neutral” rating for the company in a research note on Tuesday, November 5th. Barclays dropped their target price on Owens & Minor from $18.00 to $14.00 and set an “equal weight” rating on the stock in a report on Tuesday, November 5th. Finally, StockNews.com downgraded Owens & Minor from a “buy” rating to a “hold” rating in a report on Monday, August 26th.

Insider Activity at Owens & Minor

In related news, CFO Jonathan A. Leon sold 5,282 shares of the stock in a transaction dated Thursday, November 21st. The shares were sold at an average price of $11.82, for a total transaction of $62,433.24. Following the completion of the transaction, the chief financial officer now owns 130,822 shares in the company, valued at approximately $1,546,316.04. This represents a 3.88 % decrease in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this link. 3.59% of the stock is currently owned by company insiders.

Institutional Inflows and Outflows

Hedge funds and other institutional investors have recently added to or reduced their stakes in the stock. Vanguard Group Inc. increased its position in Owens & Minor by 1.9% in the first quarter. Vanguard Group Inc. now owns 8,749,866 shares of the company’s stock worth $242,459,000 after buying an additional 162,182 shares during the last quarter. Royce & Associates LP boosted its position in Owens & Minor by 179.4% during the third quarter. Royce & Associates LP now owns 80,914 shares of the company’s stock worth $1,270,000 after purchasing an additional 51,955 shares during the period. Deerfield Management Company L.P. Series C increased its stake in shares of Owens & Minor by 30.6% in the second quarter. Deerfield Management Company L.P. Series C now owns 6,371,440 shares of the company’s stock worth $86,014,000 after purchasing an additional 1,493,852 shares in the last quarter. Renaissance Technologies LLC grew its stake in Owens & Minor by 16.5% in the 2nd quarter. Renaissance Technologies LLC now owns 1,246,600 shares of the company’s stock valued at $16,829,000 after buying an additional 176,250 shares in the last quarter. Finally, Dimensional Fund Advisors LP raised its stake in shares of Owens & Minor by 1.7% during the 2nd quarter. Dimensional Fund Advisors LP now owns 4,534,204 shares of the company’s stock valued at $61,213,000 after purchasing an additional 76,599 shares during the period. 98.04% of the stock is currently owned by hedge funds and other institutional investors.

Owens & Minor Stock Up 1.2 %

Shares of NYSE:OMI opened at $13.47 on Tuesday. The business’s 50-day moving average is $13.50 and its 200-day moving average is $15.03. Owens & Minor has a 1 year low of $11.42 and a 1 year high of $28.35. The company has a market capitalization of $1.04 billion, a price-to-earnings ratio of -20.72, a P/E/G ratio of 0.46 and a beta of 0.41. The company has a debt-to-equity ratio of 2.11, a current ratio of 1.09 and a quick ratio of 0.45.

Owens & Minor (NYSE:OMI) last posted its quarterly earnings results on Monday, November 4th. The company reported $0.42 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $0.41 by $0.01. The firm had revenue of $2.72 billion for the quarter, compared to analysts’ expectations of $2.68 billion. Owens & Minor had a positive return on equity of 14.60% and a negative net margin of 0.46%. During the same period in the prior year, the business earned $0.44 EPS. The company’s revenue for the quarter was up 5.0% compared to the same quarter last year. Equities research analysts predict that Owens & Minor will post 1.49 earnings per share for the current year.

Owens & Minor Company Profile

Owens & Minor, Inc, together with its subsidiaries, operates as a healthcare solutions company worldwide. It operates through Products & Healthcare Services and Patient Direct segments. The Products & Healthcare Services segment offers a portfolio of products and services to healthcare providers and manufacturers.