Owens & Minor, Inc. (NYSE:OMI) Receives Consensus Rating of “Hold” from Analysts

Owens & Minor, Inc. (NYSE:OMI) has been assigned a consensus rating of “Hold” from the seven research firms that are covering the stock, Marketbeat reports. One equities research analyst has rated the stock with a sell rating, five have assigned a hold rating and one has given a buy rating to the company. The average twelve-month price objective among analysts that have covered the stock in the last year is $22.29.

Several analysts have recently weighed in on OMI shares. Leerink Partnrs restated a “market perform” rating on shares of Owens & Minor in a research report on Monday, February 26th. SVB Leerink started coverage on shares of Owens & Minor in a research note on Monday, February 26th. They set a “market perform” rating and a $24.00 target price on the stock. StockNews.com raised shares of Owens & Minor from a “hold” rating to a “buy” rating in a research note on Wednesday, February 21st. UBS Group lowered their price target on shares of Owens & Minor from $28.00 to $26.00 and set a “buy” rating for the company in a research report on Monday, January 29th. Finally, TheStreet raised shares of Owens & Minor from a “d+” rating to a “c-” rating in a report on Monday, March 4th.

Insider Activity at Owens & Minor

In related news, SVP Jonathan A. Leon sold 7,500 shares of the business’s stock in a transaction that occurred on Wednesday, January 17th. The shares were sold at an average price of $18.08, for a total transaction of $135,600.00. Following the completion of the sale, the senior vice president now directly owns 83,213 shares in the company, valued at $1,504,491.04. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. In other Owens & Minor news, SVP Jonathan A. Leon sold 7,500 shares of the company’s stock in a transaction that occurred on Wednesday, January 17th. The shares were sold at an average price of $18.08, for a total value of $135,600.00. Following the completion of the transaction, the senior vice president now directly owns 83,213 shares in the company, valued at $1,504,491.04. The transaction was disclosed in a document filed with the SEC, which is accessible through the SEC website. Also, SVP Michael Wayne Lowry sold 10,000 shares of the company’s stock in a transaction that occurred on Tuesday, February 27th. The stock was sold at an average price of $25.00, for a total transaction 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 $1,791,350. The disclosure for this sale can be found here. 3.59% of the stock is currently owned by company insiders.

Hedge Funds Weigh In On Owens & Minor

A number of hedge funds have recently modified their holdings of the company. BlackRock Inc. boosted its position in shares of Owens & Minor by 1.4% during the first quarter. BlackRock Inc. now owns 11,896,845 shares of the company’s stock worth $523,700,000 after acquiring an additional 168,282 shares during the last quarter. FMR LLC boosted its position in shares of Owens & Minor by 10.6% during the third quarter. FMR LLC now owns 11,479,209 shares of the company’s stock worth $185,504,000 after acquiring an additional 1,103,275 shares during the last quarter. Vanguard Group Inc. boosted its position in shares of Owens & Minor by 0.3% during the third quarter. Vanguard Group Inc. now owns 8,592,904 shares of the company’s stock worth $138,861,000 after acquiring an additional 25,891 shares during the last quarter. Wellington Management Group LLP boosted its position in shares of Owens & Minor by 1.0% during the first quarter. Wellington Management Group LLP now owns 7,552,955 shares of the company’s stock worth $332,482,000 after acquiring an additional 77,252 shares during the last quarter. Finally, Deerfield Management Company L.P. Series C boosted its position 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 worth $103,990,000 after acquiring an additional 1,690,000 shares during the last quarter. 98.04% of the stock is currently owned by institutional investors.

Owens & Minor Stock Up 5.2 %

OMI opened at $27.95 on Thursday. The company has a 50 day moving average of $22.74 and a 200 day moving average of $19.64. The company has a market cap of $2.14 billion, a PE ratio of -51.76, a price-to-earnings-growth ratio of 0.81 and a beta of 0.41. Owens & Minor has a 12 month low of $12.64 and a 12 month high of $27.99. The company has a current ratio of 1.11, a quick ratio of 0.52 and a debt-to-equity ratio of 2.05.

Owens & Minor (NYSE:OMI) last released its quarterly earnings data 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 company had revenue of $2.66 billion during the quarter, compared to the consensus estimate of $2.67 billion. During the same period last year, the firm earned $0.28 EPS. Owens & Minor’s revenue for the quarter was up 4.1% on a year-over-year basis. On average, sell-side analysts expect that Owens & Minor will post 1.54 EPS for the current year.

About Owens & Minor

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.