BidaskClub Downgrades Owens & Minor, Inc. (OMI) to Sell

BidaskClub cut shares of Owens & Minor, Inc. (NYSE:OMI) from a hold rating to a sell rating in a report published on Wednesday.

Several other research analysts have also recently weighed in on OMI. Jefferies Group LLC set a $36.00 price objective on shares of Owens & Minor and gave the company a hold rating in a report on Thursday, March 16th. Zacks Investment Research cut shares of Owens & Minor from a hold rating to a sell rating in a report on Friday, May 5th. Finally, TheStreet cut shares of Owens & Minor from a b rating to a c+ rating in a report on Thursday, May 4th. Three equities research analysts have rated the stock with a sell rating and two have assigned a hold rating to the stock. The stock currently has a consensus rating of Sell and an average target price of $33.17.

Shares of Owens & Minor (NYSE OMI) opened at 31.80 on Wednesday. The stock’s 50 day moving average is $32.07 and its 200 day moving average is $34.37. Owens & Minor has a 52 week low of $30.43 and a 52 week high of $37.02. The stock has a market cap of $1.95 billion, a price-to-earnings ratio of 18.91 and a beta of 1.01.

Owens & Minor (NYSE:OMI) last released its quarterly earnings data on Tuesday, May 2nd. The company reported $0.41 earnings per share for the quarter, missing the consensus estimate of $0.42 by $0.01. Owens & Minor had a net margin of 1.08% and a return on equity of 12.28%. The company had revenue of $2.33 billion for the quarter. On average, equities analysts forecast that Owens & Minor will post $1.78 EPS for the current year.

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The firm also recently announced a quarterly dividend, which was paid on Friday, June 30th. Shareholders of record on Thursday, June 15th were issued a dividend of $0.2575 per share. The ex-dividend date of this dividend was Tuesday, June 13th. This represents a $1.03 dividend on an annualized basis and a yield of 3.24%. Owens & Minor’s dividend payout ratio is currently 60.95%.

In other Owens & Minor news, SVP Erika T. Davis sold 9,317 shares of the company’s stock in a transaction that occurred on Tuesday, May 23rd. The shares were sold at an average price of $32.26, for a total transaction of $300,566.42. Following the completion of the sale, the senior vice president now directly owns 63,979 shares of the company’s stock, valued at $2,063,962.54. The sale was disclosed in a filing with the SEC, which can be accessed through this link. Also, insider Michael Wayne Lowry sold 1,300 shares of the company’s stock in a transaction that occurred on Tuesday, May 9th. The shares were sold at an average price of $32.19, for a total transaction of $41,847.00. Following the sale, the insider now directly owns 10,498 shares of the company’s stock, valued at $337,930.62. The disclosure for this sale can be found here. Over the last ninety days, insiders have sold 12,848 shares of company stock valued at $413,962. 1.68% of the stock is owned by corporate insiders.

A number of hedge funds have recently made changes to their positions in the stock. Louisiana State Employees Retirement System boosted its stake in shares of Owens & Minor by 1.3% in the first quarter. Louisiana State Employees Retirement System now owns 15,400 shares of the company’s stock worth $533,000 after buying an additional 200 shares in the last quarter. CWM LLC boosted its stake in shares of Owens & Minor by 15.5% in the first quarter. CWM LLC now owns 709,335 shares of the company’s stock worth $24,543,000 after buying an additional 95,023 shares in the last quarter. Fox Run Management L.L.C. acquired a new stake in shares of Owens & Minor during the first quarter worth approximately $284,000. Prospera Financial Services Inc acquired a new stake in shares of Owens & Minor during the first quarter worth approximately $216,000. Finally, Alpha Windward LLC boosted its stake in shares of Owens & Minor by 0.4% in the first quarter. Alpha Windward LLC now owns 13,800 shares of the company’s stock worth $477,000 after buying an additional 60 shares in the last quarter. 98.35% of the stock is owned by institutional investors and hedge funds.

Owens & Minor Company Profile

Owens & Minor, Inc is a healthcare services company that connects the world of medical products to the point of care. The Company provides supply chain assistance to the providers of healthcare services and the manufacturers of healthcare products, supplies and devices. The Company’s segments include Domestic, International and Clinical & Procedural Solutions (CPS).

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