Owens & Minor (NYSE:OMI) Shares Gap Down to $36.64

Owens & Minor, Inc. (NYSE:OMIGet Rating) shares gapped down prior to trading on Wednesday . The stock had previously closed at $36.64, but opened at $34.19. Owens & Minor shares last traded at $33.15, with a volume of 5,829 shares trading hands.

Wall Street Analysts Forecast Growth

OMI has been the subject of several research analyst reports. StockNews.com lowered Owens & Minor from a “buy” rating to a “hold” rating in a research report on Wednesday, May 11th. Credit Suisse Group decreased their price objective on Owens & Minor from $43.00 to $37.00 and set a “neutral” rating for the company in a research report on Thursday. Robert W. Baird reduced their price target on Owens & Minor from $70.00 to $62.00 and set an “outperform” rating for the company in a research report on Thursday. Finally, Citigroup reduced their price target on Owens & Minor from $58.00 to $52.00 in a research report on Thursday. Two investment analysts have rated the stock with a hold rating and one has given a buy rating to the stock. Based on data from MarketBeat.com, the company currently has an average rating of “Hold” and a consensus target price of $50.33.

Owens & Minor Trading Up 0.8 %

The company has a debt-to-equity ratio of 2.78, a quick ratio of 0.67 and a current ratio of 1.54. The business has a 50-day simple moving average of $33.03 and a two-hundred day simple moving average of $38.10. The stock has a market cap of $2.49 billion, a price-to-earnings ratio of 12.96, a P/E/G ratio of 1.42 and a beta of 0.55.

Owens & Minor (NYSE:OMIGet Rating) last released its quarterly earnings results on Wednesday, August 3rd. The company reported $0.76 earnings per share for the quarter, hitting analysts’ consensus estimates of $0.76. Owens & Minor had a return on equity of 29.89% and a net margin of 1.94%. The firm had revenue of $2.50 billion during the quarter, compared to the consensus estimate of $2.53 billion. During the same quarter in the prior year, the firm posted $1.06 EPS. The business’s revenue was up .4% on a year-over-year basis. As a group, research analysts forecast that Owens & Minor, Inc. will post 3.32 EPS for the current year.

Insider Transactions at Owens & Minor

In related news, Director Robert J. Henkel acquired 1,000 shares of the company’s stock in a transaction dated Friday, July 15th. The shares were bought at an average price of $31.76 per share, for a total transaction of $31,760.00. Following the purchase, the director now directly owns 27,000 shares in the company, valued at approximately $857,520. The transaction was disclosed in a legal filing with the SEC, which can be accessed through the SEC website. In related news, COO Jeffrey T. Jochims sold 8,000 shares of the stock in a transaction on Friday, July 1st. The stock was sold at an average price of $31.31, for a total value of $250,480.00. Following the sale, the chief operating officer now owns 195,956 shares in the company, valued at approximately $6,135,382.36. The transaction was disclosed in a document filed with the SEC, which can be accessed through this hyperlink. Also, Director Robert J. Henkel purchased 1,000 shares of the company’s stock in a transaction that occurred on Friday, July 15th. The stock was acquired at an average price of $31.76 per share, for a total transaction of $31,760.00. Following the purchase, the director now owns 27,000 shares in the company, valued at approximately $857,520. The disclosure for this purchase can be found here. Company insiders own 4.09% of the company’s stock.

Institutional Investors Weigh In On Owens & Minor

A number of large investors have recently added to or reduced their stakes in the business. TD Asset Management Inc. bought a new stake in Owens & Minor in the 2nd quarter valued at $258,000. Jackson Creek Investment Advisors LLC bought a new stake in Owens & Minor in the 2nd quarter valued at $912,000. AE Wealth Management LLC raised its stake in Owens & Minor by 60.0% in the 2nd quarter. AE Wealth Management LLC now owns 10,799 shares of the company’s stock valued at $340,000 after acquiring an additional 4,051 shares during the period. Wolverine Asset Management LLC grew its holdings in Owens & Minor by 39.2% in the 2nd quarter. Wolverine Asset Management LLC now owns 54,505 shares of the company’s stock valued at $1,714,000 after buying an additional 15,362 shares in the last quarter. Finally, Handelsbanken Fonder AB grew its holdings in Owens & Minor by 12.7% in the 2nd quarter. Handelsbanken Fonder AB now owns 13,300 shares of the company’s stock valued at $418,000 after buying an additional 1,500 shares in the last quarter. Institutional investors own 95.69% of the company’s stock.

Owens & Minor Company Profile

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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.

Further Reading

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