Owens & Minor, Inc. (NYSE:OMI) Director Robert J. Henkel Purchases 1,000 Shares

Owens & Minor, Inc. (NYSE:OMI) Director Robert J. Henkel bought 1,000 shares of Owens & Minor stock in a transaction that occurred on Monday, September 13th. The shares were acquired at an average price of $35.00 per share, for a total transaction of $35,000.00. The acquisition was disclosed in a legal filing with the SEC, which is available through the SEC website.

Shares of NYSE:OMI opened at $36.25 on Wednesday. Owens & Minor, Inc. has a fifty-two week low of $13.74 and a fifty-two week high of $49.16. The company has a quick ratio of 0.61, a current ratio of 1.67 and a debt-to-equity ratio of 1.19. The company has a market cap of $2.74 billion, a PE ratio of 10.89, a P/E/G ratio of 0.48 and a beta of 0.20. The firm has a 50-day simple moving average of $40.72 and a 200 day simple moving average of $39.13.

Owens & Minor (NYSE:OMI) last posted its earnings results on Tuesday, August 3rd. The company reported $1.06 EPS for the quarter, topping the consensus estimate of $0.99 by $0.07. The firm had revenue of $2.49 billion during the quarter, compared to analysts’ expectations of $2.48 billion. Owens & Minor had a net margin of 2.48% and a return on equity of 45.79%. Owens & Minor’s quarterly revenue was up 37.7% on a year-over-year basis. During the same quarter in the prior year, the firm earned $0.20 EPS. As a group, research analysts forecast that Owens & Minor, Inc. will post 3.96 EPS for the current fiscal year.

The firm also recently announced a quarterly dividend, which will be paid on Thursday, September 30th. Investors of record on Wednesday, September 15th will be paid a dividend of $0.002 per share. This represents a $0.01 annualized dividend and a yield of 0.02%. The ex-dividend date is Tuesday, September 14th. Owens & Minor’s dividend payout ratio is presently 0.44%.

A number of hedge funds have recently added to or reduced their stakes in the stock. Harvest Fund Management Co. Ltd acquired a new stake in shares of Owens & Minor during the first quarter valued at approximately $31,000. Ameritas Investment Company LLC acquired a new stake in shares of Owens & Minor during the first quarter valued at approximately $32,000. Human Investing LLC acquired a new stake in shares of Owens & Minor during the first quarter valued at approximately $69,000. Advisory Services Network LLC acquired a new stake in shares of Owens & Minor during the second quarter valued at approximately $78,000. Finally, First Mercantile Trust Co. acquired a new stake in shares of Owens & Minor during the second quarter valued at approximately $108,000. 91.35% of the stock is owned by institutional investors and hedge funds.

OMI has been the topic of a number of recent analyst reports. Zacks Investment Research lowered shares of Owens & Minor from a “buy” rating to a “sell” rating in a report on Friday, August 6th. TheStreet raised shares of Owens & Minor from a “c+” rating to a “b-” rating in a research report on Monday, August 23rd. boosted their target price on shares of Owens & Minor from $39.00 to $46.00 and gave the stock a “neutral” rating in a research report on Thursday, May 27th. Robert W. Baird boosted their target price on shares of Owens & Minor from $52.00 to $55.00 and gave the stock an “outperform” rating in a research report on Thursday, May 27th. Finally, Citigroup boosted their target price on shares of Owens & Minor from $39.00 to $46.00 and gave the stock a “neutral” rating in a research report on Thursday, May 27th. One research analyst has rated the stock with a sell rating, six have given a hold rating and two have assigned a buy rating to the company’s stock. According to MarketBeat, the stock currently has a consensus rating of “Hold” and a consensus target price of $40.22.

About Owens & Minor

Owens & Minor, Inc engages in the provision of healthcare solutions. It operates through the Global Solutions and Global Products segments. The Global Solutions segment comprises of United States distribution, outsourced logistics, and value-added services business. The Global Products segment manufactures and sources medical surgical products through the production and kitting operations.

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