Nuveen Asset Management LLC grew its holdings in shares of Owens & Minor, Inc. (NYSE:OMI) by 24.2% during the 1st quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 351,570 shares of the company’s stock after buying an additional 68,508 shares during the quarter. Nuveen Asset Management LLC’s holdings in Owens & Minor were worth $3,217,000 at the end of the most recent reporting period.
A number of other large investors have also modified their holdings of the business. State Street Corp lifted its position in Owens & Minor by 20.7% during the 4th quarter. State Street Corp now owns 2,713,354 shares of the company’s stock worth $14,028,000 after buying an additional 465,099 shares in the last quarter. Renaissance Technologies LLC raised its holdings in shares of Owens & Minor by 99.0% in the 4th quarter. Renaissance Technologies LLC now owns 2,493,250 shares of the company’s stock valued at $12,890,000 after purchasing an additional 1,240,216 shares during the period. Geode Capital Management LLC raised its holdings in Owens & Minor by 1.6% in the 4th quarter. Geode Capital Management LLC now owns 857,650 shares of the company’s stock valued at $4,434,000 after acquiring an additional 13,419 shares during the period. Panagora Asset Management Inc. raised its holdings in Owens & Minor by 61.6% in the 4th quarter. Panagora Asset Management Inc. now owns 642,165 shares of the company’s stock valued at $3,320,000 after acquiring an additional 244,765 shares during the period. Finally, Acadian Asset Management LLC raised its holdings in Owens & Minor by 7.2% in the 1st quarter. Acadian Asset Management LLC now owns 519,675 shares of the company’s stock valued at $4,755,000 after acquiring an additional 35,126 shares during the period. 87.50% of the stock is currently owned by hedge funds and other institutional investors.
In other Owens & Minor news, Director Robert J. Henkel purchased 10,000 shares of the company’s stock in a transaction dated Monday, May 11th. The stock was purchased at an average price of $7.29 per share, with a total value of $72,900.00. Following the completion of the purchase, the director now owns 10,000 shares of the company’s stock, valued at $72,900. The transaction was disclosed in a document filed with the SEC, which is available at the SEC website. 2.15% of the stock is currently owned by company insiders.
A number of research analysts have issued reports on the stock. Zacks Investment Research lowered shares of Owens & Minor from a “buy” rating to a “hold” rating in a research report on Friday, June 19th. Cfra increased their price target on shares of Owens & Minor from $8.50 to $9.50 and gave the stock a “buy” rating in a research report on Wednesday, June 10th. ValuEngine lowered shares of Owens & Minor from a “hold” rating to a “sell” rating in a research report on Sunday, June 14th. Credit Suisse Group started coverage on shares of Owens & Minor in a research note on Wednesday, April 22nd. They issued a “neutral” rating and a $8.00 price objective for the company. Finally, Robert W. Baird downgraded shares of Owens & Minor from an “outperform” rating to a “neutral” rating and set a $8.00 price objective for the company. in a research note on Tuesday, May 5th. One research analyst has rated the stock with a sell rating, four have assigned a hold rating and one has given a buy rating to the company. Owens & Minor presently has a consensus rating of “Hold” and a consensus target price of $8.30.
Shares of NYSE:OMI opened at $7.62 on Wednesday. The company has a market cap of $478.88 million, a price-to-earnings ratio of -7.62, a PEG ratio of 1.67 and a beta of 0.13. The company has a debt-to-equity ratio of 3.83, a current ratio of 1.63 and a quick ratio of 0.91. The firm has a 50 day simple moving average of $7.46 and a 200 day simple moving average of $6.47. Owens & Minor, Inc. has a one year low of $2.43 and a one year high of $9.69.
Owens & Minor (NYSE:OMI) last released its quarterly earnings results on Wednesday, May 6th. The company reported $0.04 earnings per share (EPS) for the quarter, meeting the Thomson Reuters’ consensus estimate of $0.04. The firm had revenue of $2.12 billion during the quarter, compared to the consensus estimate of $2.08 billion. Owens & Minor had a negative net margin of 0.65% and a positive return on equity of 7.44%. The company’s revenue for the quarter was down 9.7% on a year-over-year basis. During the same quarter last year, the firm earned $0.02 earnings per share. As a group, analysts expect that Owens & Minor, Inc. will post 0.52 EPS for the current year.
The firm also recently declared a quarterly dividend, which was paid on Tuesday, June 30th. Stockholders of record on Monday, June 15th were paid a dividend of $0.0025 per share. The ex-dividend date of this dividend was Friday, June 12th. This represents a $0.01 annualized dividend and a dividend yield of 0.13%. This is an increase from Owens & Minor’s previous quarterly dividend of $0.00. Owens & Minor’s dividend payout ratio (DPR) is presently 1.79%.
Owens & Minor Company Profile
Owens & Minor, Inc, together with its subsidiaries, operates as a healthcare solutions company in the United States and internationally. It operates through two segments, Global Solutions and Global Products. The Global Solutions segment offers a portfolio of products and services to healthcare providers and manufacturers.
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