Teachers Retirement System of The State of Kentucky reduced its stake in shares of Owens & Minor, Inc. (NYSE:OMI) by 8.7% during the first quarter, according to its most recent Form 13F filing with the SEC. The fund owned 14,520 shares of the company’s stock after selling 1,380 shares during the period. Teachers Retirement System of The State of Kentucky’s holdings in Owens & Minor were worth $502,000 as of its most recent filing with the SEC.
A number of other institutional investors have also modified their holdings of OMI. Quantitative Systematic Strategies LLC purchased a new stake in shares of Owens & Minor during the first quarter worth $257,000. Donald L. Hagan LLC raised its stake in shares of Owens & Minor by 8.1% in the first quarter. Donald L. Hagan LLC now owns 30,420 shares of the company’s stock valued at $1,053,000 after buying an additional 2,288 shares in the last quarter. Louisiana State Employees Retirement System raised 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 valued at $533,000 after buying an additional 200 shares in the last quarter. CWM LLC raised 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 valued at $24,543,000 after buying an additional 95,023 shares in the last quarter. Finally, Fox Run Management L.L.C. acquired a new position in shares of Owens & Minor during the first quarter valued at about $284,000. 96.24% of the stock is owned by institutional investors.
Shares of Owens & Minor, Inc. (NYSE OMI) opened at 27.60 on Friday. Owens & Minor, Inc. has a 12-month low of $27.23 and a 12-month high of $37.02. The stock has a market cap of $1.69 billion, a P/E ratio of 17.56 and a beta of 1.01. The company’s 50-day moving average is $30.65 and its 200-day moving average is $33.09.
Owens & Minor (NYSE:OMI) last posted its earnings results on Tuesday, August 1st. The company reported $0.43 EPS for the quarter, meeting the consensus estimate of $0.43. The firm had revenue of $2.27 billion during the quarter, compared to the consensus estimate of $2.38 billion. Owens & Minor had a return on equity of 11.64% and a net margin of 1.02%. The business’s quarterly revenue was down 8.8% on a year-over-year basis. During the same period last year, the company earned $0.52 earnings per share. On average, analysts expect that Owens & Minor, Inc. will post $1.92 earnings per share for the current fiscal year.
The company also recently announced a quarterly dividend, which will be paid on Friday, September 29th. Shareholders of record on Friday, September 15th will be given a $0.2575 dividend. The ex-dividend date of this dividend is Thursday, September 14th. This represents a $1.03 annualized dividend and a yield of 3.73%. Owens & Minor’s dividend payout ratio is presently 65.19%.
Several brokerages have issued reports on OMI. Jefferies Group LLC reissued a “hold” rating and set a $32.00 price objective (down from $36.00) on shares of Owens & Minor in a research report on Wednesday, August 9th. UBS AG reissued a “sell” rating and set a $29.50 price objective (down from $30.50) on shares of Owens & Minor in a research report on Wednesday, August 9th. BidaskClub downgraded shares of Owens & Minor from a “sell” rating to a “strong sell” rating in a report on Saturday, August 5th. Finally, Zacks Investment Research raised shares of Owens & Minor from a “hold” rating to a “buy” rating and set a $34.00 target price on the stock in a report on Friday, August 4th. Three equities research analysts have rated the stock with a sell rating, one has assigned a hold rating and one has assigned a buy rating to the stock. The company currently has an average rating of “Hold” and an average price target of $31.88.
In other news, SVP Erika T. Davis sold 9,317 shares of the firm’s stock in a transaction dated Tuesday, May 23rd. The stock was sold at an average price of $32.26, for a total transaction of $300,566.42. Following the completion of the transaction, the senior vice president now directly owns 63,979 shares in the company, valued at $2,063,962.54. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available through this hyperlink. Also, EVP Rony Camil Kordahi sold 2,231 shares of the firm’s stock in a transaction dated Wednesday, May 24th. The stock was sold at an average price of $32.07, for a total value of $71,548.17. Following the transaction, the executive vice president now owns 27,555 shares of the company’s stock, valued at $883,688.85. The disclosure for this sale can be found here. 1.68% of the stock is currently owned by company insiders.
About Owens & Minor
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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