Louisiana State Employees Retirement System Acquires Shares of 38,300 Owens & Minor, Inc. (NYSE:OMI)

Louisiana State Employees Retirement System acquired a new stake in shares of Owens & Minor, Inc. (NYSE:OMI) during the fourth quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor acquired 38,300 shares of the company’s stock, valued at approximately $738,000. Louisiana State Employees Retirement System owned 0.05% of Owens & Minor at the end of the most recent reporting period.

Several other hedge funds and other institutional investors have also recently modified their holdings of OMI. DekaBank Deutsche Girozentrale purchased a new stake in shares of Owens & Minor in the third quarter worth approximately $29,000. Allspring Global Investments Holdings LLC raised its holdings in shares of Owens & Minor by 62.8% in the third quarter. Allspring Global Investments Holdings LLC now owns 6,347 shares of the company’s stock worth $103,000 after buying an additional 2,448 shares during the period. Teacher Retirement System of Texas purchased a new stake in shares of Owens & Minor in the third quarter worth approximately $218,000. Bailard Inc. purchased a new stake in shares of Owens & Minor in the third quarter worth approximately $223,000. Finally, CWM LLC raised its holdings in shares of Owens & Minor by 6.5% in the third quarter. CWM LLC now owns 15,707 shares of the company’s stock worth $254,000 after buying an additional 952 shares during the period. 98.04% of the stock is currently owned by hedge funds and other institutional investors.

Analyst Upgrades and Downgrades

Several equities research analysts have recently weighed in on the company. Citigroup increased their price target on Owens & Minor from $23.00 to $24.00 and gave the stock a “neutral” rating in a report on Wednesday, February 21st. Barclays increased their price objective on Owens & Minor from $21.00 to $23.00 and gave the stock an “equal weight” rating in a research note on Wednesday, February 21st. UBS Group dropped their price objective on Owens & Minor from $28.00 to $26.00 and set a “buy” rating on the stock in a research note on Monday, January 29th. SVB Leerink assumed coverage on Owens & Minor in a research note on Monday, February 26th. They issued a “market perform” rating and a $24.00 price objective on the stock. Finally, StockNews.com raised Owens & Minor from a “hold” rating to a “buy” rating in a research note on Wednesday, February 21st. One analyst has rated the stock with a sell rating, six have given a hold rating and two have issued a buy rating to the company’s stock. According to data from MarketBeat.com, the stock has a consensus rating of “Hold” and an average target price of $23.29.

Owens & Minor Stock Up 4.0 %

Shares of NYSE OMI opened at $25.09 on Friday. The company has a current ratio of 1.11, a quick ratio of 0.52 and a debt-to-equity ratio of 2.05. The stock has a market capitalization of $1.92 billion, a PE ratio of -46.46, a price-to-earnings-growth ratio of 0.76 and a beta of 0.43. The stock’s fifty day simple moving average is $25.24 and its two-hundred day simple moving average is $21.15. Owens & Minor, Inc. has a 12-month low of $13.34 and a 12-month high of $28.35.

Owens & Minor (NYSE:OMI) last posted its quarterly earnings data on Tuesday, February 20th. The company reported $0.69 earnings per share for the quarter, topping analysts’ consensus estimates of $0.66 by $0.03. The firm had revenue of $2.66 billion during the quarter, compared to analysts’ expectations of $2.67 billion. Owens & Minor had a positive return on equity of 11.62% and a negative net margin of 0.40%. The business’s quarterly revenue was up 4.1% on a year-over-year basis. During the same quarter last year, the firm earned $0.28 EPS. As a group, analysts expect that Owens & Minor, Inc. will post 1.54 EPS for the current fiscal year.

Insider Transactions at Owens & Minor

In other news, SVP Michael Wayne Lowry sold 10,000 shares of the firm’s stock in a transaction on Tuesday, February 27th. The stock was sold at an average price of $25.00, for a total value of $250,000.00. Following the completion of the sale, the senior vice president now owns 71,654 shares of the company’s stock, valued at approximately $1,791,350. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website. In related news, SVP Jonathan A. Leon sold 5,000 shares of the firm’s stock in a transaction on Monday, April 22nd. The stock was sold at an average price of $24.84, for a total value of $124,200.00. Following the completion of the transaction, the senior vice president now owns 84,673 shares in the company, valued at approximately $2,103,277.32. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, SVP Michael Wayne Lowry sold 10,000 shares of the firm’s stock in a transaction on Tuesday, February 27th. The stock was sold at an average price of $25.00, for a total value of $250,000.00. Following the completion of the transaction, the senior vice president now owns 71,654 shares of the company’s stock, valued at approximately $1,791,350. The disclosure for this sale can be found here. Insiders own 3.59% of the company’s stock.

Owens & Minor Company Profile

Owens & Minor, Inc, together with its subsidiaries, operates as a healthcare solutions company worldwide. It operates through Products & Healthcare Services and Patient Direct segments. The Products & Healthcare Services segment offers a portfolio of products and services to healthcare providers and manufacturers.