Owens & Minor, Inc. (NYSE:OMI) Position Boosted by Charles Schwab Investment Management Inc.

Charles Schwab Investment Management Inc. lifted its stake in shares of Owens & Minor, Inc. (NYSE:OMIFree Report) by 4.9% during the 4th quarter, according to its most recent Form 13F filing with the SEC. The fund owned 825,142 shares of the company’s stock after purchasing an additional 38,393 shares during the period. Charles Schwab Investment Management Inc. owned about 1.08% of Owens & Minor worth $15,900,000 as of its most recent filing with the SEC.

Several other large investors have also modified their holdings of OMI. Allspring Global Investments Holdings LLC lifted its position in shares of Owens & Minor by 62.8% during the third quarter. Allspring Global Investments Holdings LLC now owns 6,347 shares of the company’s stock worth $103,000 after purchasing an additional 2,448 shares during the last quarter. Teacher Retirement System of Texas acquired a new stake in Owens & Minor during the third quarter worth about $218,000. Victory Capital Management Inc. raised its stake in Owens & Minor by 36.6% during the third quarter. Victory Capital Management Inc. now owns 130,630 shares of the company’s stock worth $2,111,000 after acquiring an additional 35,019 shares during the period. Jump Financial LLC raised its stake in Owens & Minor by 4.3% during the third quarter. Jump Financial LLC now owns 95,508 shares of the company’s stock worth $1,543,000 after acquiring an additional 3,905 shares during the period. Finally, New York State Common Retirement Fund raised its stake in Owens & Minor by 14.6% during the third quarter. New York State Common Retirement Fund now owns 58,008 shares of the company’s stock worth $937,000 after acquiring an additional 7,397 shares during the period. Institutional investors own 98.04% of the company’s stock.

Insider Activity at Owens & Minor

In related news, SVP Jonathan A. Leon sold 5,000 shares of the firm’s stock in a transaction that occurred on Monday, April 22nd. The shares were sold at an average price of $24.84, for a total transaction of $124,200.00. Following the completion of the sale, the senior vice president now directly owns 84,673 shares in the company, valued at $2,103,277.32. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this link. In related news, SVP Jonathan A. Leon sold 5,000 shares of the firm’s stock in a transaction that occurred on Monday, April 22nd. The shares were sold at an average price of $24.84, for a total transaction of $124,200.00. Following the completion of the sale, the senior vice president now directly owns 84,673 shares in the company, valued at $2,103,277.32. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this link. Also, EVP Heath H. Galloway sold 2,031 shares of the firm’s stock in a transaction that occurred on Thursday, May 16th. The stock was sold at an average price of $20.18, for a total transaction of $40,985.58. Following the sale, the executive vice president now owns 56,898 shares of the company’s stock, valued at $1,148,201.64. The disclosure for this sale can be found here. Company insiders own 2.62% of the company’s stock.

Owens & Minor Price Performance

NYSE OMI opened at $17.53 on Tuesday. Owens & Minor, Inc. has a 12 month low of $13.64 and a 12 month high of $28.35. The company has a debt-to-equity ratio of 2.17, a current ratio of 1.16 and a quick ratio of 0.56. The firm has a market capitalization of $1.34 billion, a PE ratio of -34.37, a P/E/G ratio of 0.56 and a beta of 0.52. The company’s 50 day simple moving average is $23.28 and its 200 day simple moving average is $21.78.

Owens & Minor (NYSE:OMIGet Free Report) last posted its quarterly earnings data on Friday, May 3rd. The company reported $0.19 EPS for the quarter, beating analysts’ consensus estimates of $0.17 by $0.02. Owens & Minor had a negative net margin of 0.37% and a positive return on equity of 12.97%. The business had revenue of $2.61 billion for the quarter, compared to analyst estimates of $2.61 billion. During the same quarter last year, the business earned $0.05 earnings per share. The business’s revenue for the quarter was up 3.6% on a year-over-year basis. As a group, equities research analysts forecast that Owens & Minor, Inc. will post 1.53 EPS for the current fiscal year.

Analyst Upgrades and Downgrades

Several equities research analysts recently weighed in on OMI shares. Citigroup increased their price objective on shares of Owens & Minor from $24.00 to $28.00 and gave the stock a “neutral” rating in a research note on Tuesday, April 30th. SVB Leerink assumed coverage on shares of 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. Leerink Partnrs restated a “market perform” rating on shares of Owens & Minor in a research note on Monday, February 26th. TheStreet upgraded shares of Owens & Minor from a “d+” rating to a “c-” rating in a research note on Monday, March 4th. Finally, Barclays raised their price target on shares of Owens & Minor from $21.00 to $23.00 and gave the company an “equal weight” rating in a research note on Wednesday, February 21st. One equities research analyst has rated the stock with a sell rating, seven have given a hold rating and one has issued a buy rating to the stock. According to MarketBeat, the stock currently has an average rating of “Hold” and an average target price of $23.29.

Get Our Latest Stock Analysis on OMI

Owens & Minor Profile

(Free Report)

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.

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

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