State of New Jersey Common Pension Fund D Raises Position in Owens & Minor, Inc. (NYSE:OMI)

State of New Jersey Common Pension Fund D increased its holdings in Owens & Minor, Inc. (NYSE:OMIGet Rating) by 15.4% during the third quarter, according to its most recent disclosure with the SEC. The institutional investor owned 77,337 shares of the company’s stock after buying an additional 10,305 shares during the period. State of New Jersey Common Pension Fund D owned 0.10% of Owens & Minor worth $1,864,000 as of its most recent SEC filing.

A number of other institutional investors and hedge funds also recently made changes to their positions in the business. BlackRock Inc. raised its position in shares of Owens & Minor by 1.4% in the first quarter. BlackRock Inc. now owns 11,896,845 shares of the company’s stock worth $523,700,000 after buying an additional 168,282 shares in the last quarter. FMR LLC raised its position in shares of Owens & Minor by 14.6% in the second quarter. FMR LLC now owns 11,416,213 shares of the company’s stock worth $359,040,000 after buying an additional 1,453,854 shares in the last quarter. Vanguard Group Inc. raised its position in shares of Owens & Minor by 0.8% in the first quarter. Vanguard Group Inc. now owns 8,068,497 shares of the company’s stock worth $355,176,000 after buying an additional 61,721 shares in the last quarter. Wellington Management Group LLP raised its position in shares of Owens & Minor by 1.0% in the first quarter. Wellington Management Group LLP now owns 7,552,955 shares of the company’s stock worth $332,482,000 after buying an additional 77,252 shares in the last quarter. Finally, State Street Corp increased its stake in Owens & Minor by 3.2% in the second quarter. State Street Corp now owns 2,818,628 shares of the company’s stock valued at $88,646,000 after acquiring an additional 88,207 shares during the last quarter.

Analysts Set New Price Targets

A number of research firms recently commented on OMI. Credit Suisse Group reduced their target price on Owens & Minor from $37.00 to $20.00 and set a “hold neutral” rating on the stock in a research note on Friday, October 14th. Bank Of America (Bofa) cut Owens & Minor from a “buy” rating to an “underperform” rating and dropped their price target for the stock from $43.00 to $17.00 in a research report on Wednesday, October 12th. Robert W. Baird lowered shares of Owens & Minor from an “outperform” rating to a “neutral” rating and decreased their price objective for the stock from $62.00 to $22.00 in a report on Wednesday, October 12th. StockNews.com assumed coverage on shares of Owens & Minor in a research note on Wednesday, October 12th. They set a “hold” rating for the company. Finally, Bank of America lowered shares of Owens & Minor from a “buy” rating to an “underperform” rating and decreased their target price for the company from $43.00 to $17.00 in a research note on Wednesday, October 12th. Two investment analysts have rated the stock with a sell rating and three have issued a hold rating to the company. Based on data from MarketBeat, Owens & Minor has an average rating of “Hold” and a consensus target price of $19.20.

Owens & Minor Trading Up 1.7 %

Shares of Owens & Minor stock opened at $20.70 on Friday. The company has a market capitalization of $1.58 billion, a P/E ratio of 12.94, a P/E/G ratio of 1.98 and a beta of 0.64. The company has a debt-to-equity ratio of 2.63, a quick ratio of 0.58 and a current ratio of 1.52. The company has a fifty day moving average of $20.04 and a 200 day moving average of $24.56. Owens & Minor, Inc. has a fifty-two week low of $14.10 and a fifty-two week high of $47.24.

Owens & Minor (NYSE:OMIGet Rating) last issued its earnings results on Wednesday, November 2nd. The company reported $0.41 earnings per share for the quarter, topping the consensus estimate of $0.39 by $0.02. Owens & Minor had a net margin of 1.24% and a return on equity of 23.48%. The company had revenue of $2.50 billion during the quarter, compared to the consensus estimate of $2.42 billion. On average, sell-side analysts anticipate that Owens & Minor, Inc. will post 2.52 earnings per share for the current fiscal year.

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.

See Also

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

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