Illinois Municipal Retirement Fund Invests $785,000 in Owens & Minor, Inc. (NYSE:OMI)

Illinois Municipal Retirement Fund purchased a new stake in shares of Owens & Minor, Inc. (NYSE:OMI) in the fourth quarter, HoldingsChannel.com reports. The firm purchased 40,740 shares of the company’s stock, valued at approximately $785,000.

Other hedge funds and other institutional investors have also recently added to or reduced their stakes in the company. Deerfield Management Company L.P. Series C grew its stake in shares of Owens & Minor by 35.6% during the third quarter. Deerfield Management Company L.P. Series C now owns 6,435,000 shares of the company’s stock valued at $103,990,000 after acquiring an additional 1,690,000 shares in the last quarter. FMR LLC increased its holdings in Owens & Minor by 10.6% during the 3rd quarter. FMR LLC now owns 11,479,209 shares of the company’s stock worth $185,504,000 after purchasing an additional 1,103,275 shares during the last quarter. Deutsche Bank AG increased its holdings in Owens & Minor by 278.0% during the 3rd quarter. Deutsche Bank AG now owns 694,248 shares of the company’s stock worth $11,219,000 after purchasing an additional 510,596 shares during the last quarter. First Eagle Investment Management LLC acquired a new position in shares of Owens & Minor in the 3rd quarter valued at approximately $2,795,000. Finally, AQR Capital Management LLC boosted its stake in shares of Owens & Minor by 61.1% during the 3rd quarter. AQR Capital Management LLC now owns 446,911 shares of the company’s stock valued at $7,222,000 after buying an additional 169,488 shares during the last quarter. Hedge funds and other institutional investors own 98.04% of the company’s stock.

Analyst Ratings Changes

Several research firms recently issued reports on OMI. UBS Group cut their price target on shares of Owens & Minor from $28.00 to $26.00 and set a “buy” rating on the stock in a report on Monday, January 29th. Robert W. Baird upped their target price on shares of Owens & Minor from $24.00 to $28.00 and gave the company a “neutral” rating in a research note on Wednesday, April 10th. StockNews.com upgraded Owens & Minor from a “hold” rating to a “buy” rating in a research note on Wednesday, February 21st. SVB Leerink initiated coverage on Owens & Minor in a research note on Monday, February 26th. They set a “market perform” rating and a $24.00 price objective on the stock. Finally, TheStreet raised Owens & Minor from a “d+” rating to a “c-” rating in a report on Monday, March 4th. One research analyst has rated the stock with a sell rating, six have issued a hold rating and two have issued a buy rating to the company’s stock. Based on data from MarketBeat, the company presently has a consensus rating of “Hold” and a consensus target price of $23.29.

Insider Activity

In related news, SVP Michael Wayne Lowry sold 10,000 shares of Owens & Minor stock in a transaction dated Tuesday, February 27th. The shares were sold at an average price of $25.00, for a total transaction of $250,000.00. Following the sale, the senior vice president now directly owns 71,654 shares in the company, valued at $1,791,350. The sale was disclosed in a document filed with the SEC, which is available through the SEC website. In related news, SVP Michael Wayne Lowry sold 10,000 shares of the firm’s stock in a transaction that occurred on Tuesday, February 27th. The shares were sold at an average price of $25.00, for a total transaction of $250,000.00. Following the transaction, the senior vice president now owns 71,654 shares in the company, valued at $1,791,350. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through this hyperlink. Also, SVP Jonathan A. Leon sold 5,000 shares of the company’s stock in a transaction that occurred 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 sale, the senior vice president now owns 84,673 shares of the company’s stock, valued at $2,103,277.32. The disclosure for this sale can be found here. Corporate insiders own 2.62% of the company’s stock.

Owens & Minor Stock Up 1.3 %

Shares of OMI stock opened at $25.42 on Tuesday. The business has a 50 day moving average of $25.33 and a two-hundred day moving average of $21.26. The company has a debt-to-equity ratio of 2.05, a quick ratio of 0.52 and a current ratio of 1.11. Owens & Minor, Inc. has a 52 week low of $13.34 and a 52 week high of $28.35.

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

Owens & Minor 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.