Owens & Minor, Inc. (OMI) Stake Increased by Security National Bank of SO Dak

Security National Bank of SO Dak increased its position in shares of Owens & Minor, Inc. (NYSE:OMI) by 7.4% during the 2nd quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm owned 16,499 shares of the company’s stock after purchasing an additional 1,135 shares during the period. Security National Bank of SO Dak’s holdings in Owens & Minor were worth $532,000 at the end of the most recent reporting period.

Other hedge funds have also recently made changes to their positions in the company. Macquarie Group Ltd. raised its position in shares of Owens & Minor by 2.3% during the 1st quarter. Macquarie Group Ltd. now owns 1,272,360 shares of the company’s stock valued at $44,024,000 after purchasing an additional 29,095 shares during the period. Cipher Capital LP increased its holdings in Owens & Minor by 27.5% in the 2nd quarter. Cipher Capital LP now owns 164,224 shares of the company’s stock valued at $5,287,000 after acquiring an additional 35,378 shares during the last quarter. Dean Capital Management bought a new stake in Owens & Minor in the 1st quarter valued at $2,283,000. Alpha Windward LLC increased its holdings in Owens & Minor by 1.3% in the 2nd quarter. Alpha Windward LLC now owns 13,980 shares of the company’s stock valued at $450,000 after acquiring an additional 180 shares during the last quarter. Finally, Dimensional Fund Advisors LP increased its holdings in Owens & Minor by 8.6% in the 1st quarter. Dimensional Fund Advisors LP now owns 2,567,308 shares of the company’s stock valued at $88,828,000 after acquiring an additional 202,892 shares during the last quarter. Hedge funds and other institutional investors own 97.77% of the company’s stock.

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OMI has been the topic of a number of research reports. UBS AG reiterated a “sell” rating and issued a $29.50 price target (down from $30.50) on shares of Owens & Minor in a report on Thursday, August 3rd. Jefferies Group LLC reiterated a “hold” rating and issued a $36.00 price target on shares of Owens & Minor in a report on Friday, July 7th. Robert W. Baird upgraded shares of Owens & Minor from an “underperform” rating to a “neutral” rating and set a $28.00 price target on the stock in a report on Friday, September 1st. Zacks Investment Research downgraded shares of Owens & Minor from a “strong-buy” rating to a “hold” rating in a report on Wednesday, October 4th. Finally, BidaskClub downgraded shares of Owens & Minor from a “hold” rating to a “sell” rating in a report on Tuesday, June 20th. Three analysts have rated the stock with a sell rating and three have issued a hold rating to the company’s stock. Owens & Minor has a consensus rating of “Hold” and an average target price of $31.10.

Shares of Owens & Minor, Inc. (NYSE:OMI) remained flat at $28.30 during mid-day trading on Tuesday. 182,769 shares of the company’s stock were exchanged. Owens & Minor, Inc. has a 52 week low of $26.91 and a 52 week high of $37.02. The stock has a market cap of $1.73 billion, a PE ratio of 18.00 and a beta of 1.03. The company’s 50-day moving average price is $28.44 and its 200 day moving average price is $31.23.

Owens & Minor (NYSE:OMI) last posted its quarterly earnings data on Tuesday, August 1st. The company reported $0.43 earnings per share (EPS) for the quarter, meeting the Thomson Reuters’ consensus estimate of $0.43. The business had revenue of $2.27 billion for the quarter, compared to the consensus estimate of $2.38 billion. Owens & Minor had a net margin of 1.02% and a return on equity of 11.64%. The company’s revenue was down 8.8% compared to the same quarter last year. During the same period last year, the firm posted $0.52 earnings per share. Equities analysts forecast that Owens & Minor, Inc. will post $1.92 EPS for the current fiscal year.

The business also recently disclosed a quarterly dividend, which was paid on Friday, September 29th. Shareholders of record on Friday, September 15th were issued a dividend of $0.2575 per share. This represents a $1.03 annualized dividend and a yield of 3.64%. The ex-dividend date of this dividend was Thursday, September 14th. Owens & Minor’s payout ratio is 65.19%.

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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Institutional Ownership by Quarter for Owens & Minor (NYSE:OMI)

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