Elo Mutual Pension Insurance Co Sells 482 Shares of Henry Schein, Inc. (NASDAQ:HSIC)

Elo Mutual Pension Insurance Co reduced its holdings in shares of Henry Schein, Inc. (NASDAQ:HSIC) by 4.1% in the second quarter, HoldingsChannel.com reports. The fund owned 11,391 shares of the company’s stock after selling 482 shares during the quarter. Elo Mutual Pension Insurance Co’s holdings in Henry Schein were worth $730,000 at the end of the most recent quarter.

Several other hedge funds have also recently made changes to their positions in the business. Norges Bank acquired a new stake in Henry Schein during the fourth quarter worth approximately $111,715,000. Corient Private Wealth LLC increased its stake in shares of Henry Schein by 1.0% in the 4th quarter. Corient Private Wealth LLC now owns 55,741 shares of the company’s stock valued at $4,220,000 after acquiring an additional 542 shares in the last quarter. SageView Advisory Group LLC acquired a new position in shares of Henry Schein during the 4th quarter valued at $285,000. Hsbc Holdings PLC boosted its stake in Henry Schein by 18.1% during the fourth quarter. Hsbc Holdings PLC now owns 267,587 shares of the company’s stock worth $20,228,000 after acquiring an additional 41,087 shares in the last quarter. Finally, Artisan Partners Limited Partnership grew its holdings in Henry Schein by 9.5% in the fourth quarter. Artisan Partners Limited Partnership now owns 292,911 shares of the company’s stock worth $22,176,000 after purchasing an additional 25,378 shares during the period. 96.62% of the stock is owned by institutional investors.

Insider Transactions at Henry Schein

In related news, SVP Lorelei Mcglynn sold 21,035 shares of the stock in a transaction dated Friday, September 6th. The shares were sold at an average price of $69.30, for a total transaction of $1,457,725.50. Following the completion of the transaction, the senior vice president now owns 71,833 shares in the company, valued at $4,978,026.90. The transaction was disclosed in a document filed with the SEC, which is available through this link. Company insiders own 1.14% of the company’s stock.

Analyst Upgrades and Downgrades

A number of equities analysts have recently issued reports on the stock. Baird R W raised shares of Henry Schein from a “hold” rating to a “strong-buy” rating in a research report on Monday, July 22nd. Piper Sandler reissued an “overweight” rating and issued a $86.00 price objective on shares of Henry Schein in a research note on Friday, June 21st. Barrington Research reaffirmed an “outperform” rating and set a $82.00 target price on shares of Henry Schein in a research report on Friday. JPMorgan Chase & Co. reduced their price target on shares of Henry Schein from $88.00 to $80.00 and set an “overweight” rating for the company in a research report on Monday, August 12th. Finally, UBS Group lowered their price objective on shares of Henry Schein from $75.00 to $72.00 and set a “neutral” rating on the stock in a report on Wednesday, August 7th. One research analyst has rated the stock with a sell rating, six have given a hold rating, five have assigned a buy rating and one has given a strong buy rating to the company’s stock. According to MarketBeat.com, Henry Schein presently has a consensus rating of “Hold” and a consensus target price of $77.10.

Henry Schein Stock Down 1.9 %

Henry Schein stock opened at $71.15 on Friday. Henry Schein, Inc. has a fifty-two week low of $60.01 and a fifty-two week high of $82.63. The company has a debt-to-equity ratio of 0.46, a quick ratio of 0.90 and a current ratio of 1.55. The firm’s 50-day simple moving average is $69.89 and its 200 day simple moving average is $70.35. The stock has a market cap of $9.11 billion, a PE ratio of 24.04, a price-to-earnings-growth ratio of 1.88 and a beta of 0.86.

Henry Schein (NASDAQ:HSIC) last released its earnings results on Tuesday, August 6th. The company reported $1.23 earnings per share (EPS) for the quarter, beating the consensus estimate of $1.22 by $0.01. The company had revenue of $3.10 billion during the quarter, compared to analyst estimates of $3.27 billion. Henry Schein had a return on equity of 13.19% and a net margin of 2.82%. Henry Schein’s quarterly revenue was up .0% on a year-over-year basis. During the same period in the prior year, the company posted $1.31 earnings per share. Research analysts predict that Henry Schein, Inc. will post 4.75 EPS for the current fiscal year.

Henry Schein Company Profile

Henry Schein, Inc provides health care products and services to dental practitioners, laboratories, physician practices, and ambulatory surgery centers, government, institutional health care clinics, and other alternate care clinics worldwide. It operates through two segments, Health Care Distribution, and Technology and Value-Added Services.