Teachers Retirement System of The State of Kentucky Buys 3,353 Shares of Owens & Minor, Inc. (NYSE:OMI)

Teachers Retirement System of The State of Kentucky boosted its stake in shares of Owens & Minor, Inc. (NYSE:OMIGet Rating) by 5.3% in the first quarter, Holdings Channel reports. The firm owned 66,481 shares of the company’s stock after acquiring an additional 3,353 shares during the period. Teachers Retirement System of The State of Kentucky’s holdings in Owens & Minor were worth $2,927,000 as of its most recent filing with the Securities & Exchange Commission.

A number of other large investors have also recently added to or reduced their stakes in the stock. BlackRock Inc. boosted its position in Owens & Minor by 1.4% during the first quarter. BlackRock Inc. now owns 11,896,845 shares of the company’s stock worth $523,700,000 after purchasing an additional 168,282 shares during the period. Vanguard Group Inc. boosted its position in Owens & Minor by 0.8% during the first quarter. Vanguard Group Inc. now owns 8,068,497 shares of the company’s stock worth $355,176,000 after purchasing an additional 61,721 shares during the period. Wellington Management Group LLP boosted its position in Owens & Minor by 1.0% during the first quarter. Wellington Management Group LLP now owns 7,552,955 shares of the company’s stock worth $332,482,000 after purchasing an additional 77,252 shares during the period. State Street Corp lifted its holdings in shares of Owens & Minor by 3.5% during the first quarter. State Street Corp now owns 2,730,421 shares of the company’s stock worth $120,193,000 after buying an additional 91,745 shares during the last quarter. Finally, William Blair Investment Management LLC lifted its holdings in shares of Owens & Minor by 26.1% during the first quarter. William Blair Investment Management LLC now owns 2,633,716 shares of the company’s stock worth $115,936,000 after buying an additional 544,570 shares during the last quarter. Institutional investors own 95.69% of the company’s stock.

Owens & Minor Stock Performance

Shares of NYSE OMI opened at $25.66 on Tuesday. The business has a fifty day simple moving average of $31.60 and a 200 day simple moving average of $35.43. The company has a current ratio of 1.55, a quick ratio of 0.58 and a debt-to-equity ratio of 2.68. The firm has a market capitalization of $1.96 billion, a price-to-earnings ratio of 12.70, a PEG ratio of 1.56 and a beta of 0.60. Owens & Minor, Inc. has a one year low of $24.29 and a one year high of $49.11.

Owens & Minor (NYSE:OMIGet Rating) last issued its earnings results on Wednesday, August 3rd. The company reported $0.76 EPS for the quarter, meeting analysts’ consensus estimates of $0.76. The business had revenue of $2.50 billion during the quarter, compared to analyst estimates of $2.53 billion. Owens & Minor had a return on equity of 26.66% and a net margin of 1.56%. Owens & Minor’s revenue was up .4% on a year-over-year basis. During the same period in the prior year, the company posted $1.06 earnings per share. Sell-side analysts expect that Owens & Minor, Inc. will post 3.04 EPS for the current year.

Insider Activity at Owens & Minor

In related news, COO Jeffrey T. Jochims sold 8,000 shares of the company’s 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 completion of the transaction, the chief operating officer now directly owns 195,956 shares in the company, valued at $6,135,382.36. The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through the SEC website. In related news, COO Jeffrey T. Jochims sold 8,000 shares of the company’s 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 completion of the transaction, the chief operating officer now directly owns 195,956 shares in the company, valued at $6,135,382.36. The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through the SEC website. Also, Director Robert J. Henkel bought 1,000 shares of the business’s stock in a transaction that occurred on Friday, July 15th. The stock was purchased at an average price of $31.76 per share, with a total value of $31,760.00. Following the completion of the purchase, the director now directly owns 27,000 shares of the company’s stock, valued at approximately $857,520. The disclosure for this purchase can be found here. 4.09% of the stock is currently owned by corporate insiders.

Analyst Ratings Changes

A number of research analysts have recently commented on the company. Citigroup cut their price target on Owens & Minor from $58.00 to $52.00 in a report on Thursday, August 4th. Robert W. Baird cut their price target on Owens & Minor from $70.00 to $62.00 and set an “outperform” rating for the company in a report on Thursday, August 4th. Finally, Credit Suisse Group cut their price target on Owens & Minor from $43.00 to $37.00 and set a “neutral” rating for the company in a report on Thursday, August 4th.

Owens & Minor 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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Institutional Ownership by Quarter for Owens & Minor (NYSE:OMI)

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