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

Shares of Owens & Minor, Inc. (NYSE:OMI) have been assigned a consensus recommendation of “Hold” from the eight brokerages that are covering the stock, MarketBeat reports. Two analysts have rated the stock with a sell rating, four have assigned a hold rating and two have given a buy rating to the company. The average 12-month price objective among brokerages that have issued ratings on the stock in the last year is $20.00.

A number of brokerages recently issued reports on OMI. StockNews.com upgraded Owens & Minor from a “hold” rating to a “buy” rating in a report on Saturday, August 17th. JPMorgan Chase & Co. lowered their price target on Owens & Minor from $22.00 to $18.00 and set an “underweight” rating for the company in a report on Wednesday. Citigroup upgraded Owens & Minor from a “neutral” rating to a “buy” rating and lowered their target price for the stock from $24.00 to $19.00 in a report on Friday, July 19th. Bank of America lowered their target price on Owens & Minor from $18.00 to $16.00 and set an “underperform” rating for the company in a report on Tuesday, June 25th. Finally, Barclays lowered their target price on Owens & Minor from $23.00 to $18.00 and set an “equal weight” rating for the company in a report on Monday, August 5th.

Owens & Minor Trading Down 1.1 %

OMI opened at $15.65 on Friday. The stock has a market cap of $1.20 billion, a price-to-earnings ratio of -30.69, a P/E/G ratio of 0.50 and a beta of 0.25. The stock’s 50 day moving average price is $15.12 and its 200-day moving average price is $19.90. Owens & Minor has a one year low of $12.36 and a one year high of $28.35. The company has a debt-to-equity ratio of 2.17, a quick ratio of 0.51 and a current ratio of 1.09.

Owens & Minor (NYSE:OMI) last released its earnings results on Friday, August 2nd. The company reported $0.36 EPS for the quarter, beating analysts’ consensus estimates of $0.33 by $0.03. The firm had revenue of $2.67 billion for the quarter, compared to analysts’ expectations of $2.65 billion. Owens & Minor had a positive return on equity of 14.66% and a negative net margin of 0.40%. The company’s quarterly revenue was up 4.2% on a year-over-year basis. During the same quarter in the prior year, the firm posted $0.18 earnings per share. On average, equities analysts forecast that Owens & Minor will post 1.57 EPS for the current year.

Insider Activity

In other news, Director Mark A. Beck sold 9,344 shares of the stock in a transaction on Wednesday, June 5th. The stock was sold at an average price of $17.25, for a total transaction of $161,184.00. Following the completion of the sale, the director now owns 11,154 shares in the company, valued at approximately $192,406.50. The sale was disclosed in a document filed with the SEC, which is accessible through the SEC website. In related news, CFO Alexander J. Bruni sold 10,568 shares of the company’s stock in a transaction on Monday, June 3rd. The stock was sold at an average price of $17.76, for a total value of $187,687.68. Following the transaction, the chief financial officer now directly owns 49,950 shares of the company’s stock, valued at approximately $887,112. The transaction was disclosed in a legal filing with the SEC, which is available through this hyperlink. Also, Director Mark A. Beck sold 9,344 shares of the company’s stock in a transaction on Wednesday, June 5th. The shares were sold at an average price of $17.25, for a total value of $161,184.00. Following the completion of the transaction, the director now directly owns 11,154 shares in the company, valued at $192,406.50. The disclosure for this sale can be found here. In the last quarter, insiders sold 29,892 shares of company stock worth $521,725. Insiders own 3.59% of the company’s stock.

Hedge Funds Weigh In On Owens & Minor

Several hedge funds have recently made changes to their positions in the company. Cerity Partners LLC increased its position in shares of Owens & Minor by 3.5% in the fourth quarter. Cerity Partners LLC now owns 101,390 shares of the company’s stock valued at $1,954,000 after buying an additional 3,383 shares in the last quarter. Louisiana State Employees Retirement System acquired a new position in Owens & Minor in the 4th quarter valued at about $738,000. Illinois Municipal Retirement Fund acquired a new position in Owens & Minor in the 4th quarter valued at about $785,000. Linden Thomas Advisory Services LLC raised its stake in shares of Owens & Minor by 26.9% in the 4th quarter. Linden Thomas Advisory Services LLC now owns 13,905 shares of the company’s stock valued at $268,000 after acquiring an additional 2,944 shares during the period. Finally, Russell Investments Group Ltd. raised its stake in shares of Owens & Minor by 1.8% in the 4th quarter. Russell Investments Group Ltd. now owns 185,117 shares of the company’s stock valued at $3,568,000 after acquiring an additional 3,258 shares during the period. 98.04% of the stock is owned by institutional investors and hedge funds.

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.