Owens & Minor, Inc. (OMI) Stake Lifted by Security National Bank of Sioux City Iowa IA

Security National Bank of Sioux City Iowa IA lifted its holdings in Owens & Minor, Inc. (NYSE:OMI) by 1.4% in the 2nd quarter, according to the company in its most recent disclosure with the SEC. The institutional investor owned 18,871 shares of the company’s stock after purchasing an additional 267 shares during the quarter. Security National Bank of Sioux City Iowa IA’s holdings in Owens & Minor were worth $607,000 as of its most recent filing with the SEC.

Several other large investors have also added to or reduced their stakes in OMI. Great West Life Assurance Co. Can grew its stake in shares of Owens & Minor by 3.4% in the first quarter. Great West Life Assurance Co. Can now owns 35,438 shares of the company’s stock worth $1,225,000 after purchasing an additional 1,180 shares in the last quarter. US Bancorp DE grew its stake in shares of Owens & Minor by 3.9% in the first quarter. US Bancorp DE now owns 9,097 shares of the company’s stock worth $315,000 after purchasing an additional 342 shares in the last quarter. Comerica Bank grew its stake in shares of Owens & Minor by 4.3% in the first quarter. Comerica Bank now owns 48,914 shares of the company’s stock worth $1,702,000 after purchasing an additional 2,024 shares in the last quarter. Ameriprise Financial Inc. grew its stake in shares of Owens & Minor by 114.3% in the first quarter. Ameriprise Financial Inc. now owns 384,910 shares of the company’s stock worth $13,313,000 after purchasing an additional 205,273 shares in the last quarter. Finally, Stifel Financial Corp bought a new position in shares of Owens & Minor in the first quarter worth $202,000. 97.77% of the stock is owned by institutional investors.

Shares of Owens & Minor, Inc. (NYSE OMI) remained flat at $28.30 during mid-day trading on Tuesday. 182,669 shares of the company’s stock traded hands. The company has a market cap of $1.73 billion, a PE ratio of 18.00 and a beta of 1.03. Owens & Minor, Inc. has a 52-week low of $26.91 and a 52-week high of $37.02. The firm has a 50-day moving average of $28.44 and a 200-day moving average of $31.23.

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

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

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Several research firms have recently issued reports on OMI. Zacks Investment Research cut Owens & Minor from a “strong-buy” rating to a “hold” rating in a research note on Wednesday, October 4th. Robert W. Baird raised Owens & Minor from an “underperform” rating to a “neutral” rating and set a $28.00 price target for the company in a research note on Friday, September 1st. Jefferies Group LLC reissued a “hold” rating and issued a $32.00 price target (down previously from $36.00) on shares of Owens & Minor in a research note on Wednesday, August 9th. UBS AG reissued a “sell” rating and issued a $29.50 price target (down previously from $30.50) on shares of Owens & Minor in a research note on Wednesday, August 9th. Finally, BidaskClub cut Owens & Minor from a “sell” rating to a “strong sell” rating in a research note on Saturday, August 5th. Three investment analysts have rated the stock with a sell rating and three have given a hold rating to the stock. The stock has an average rating of “Hold” and a consensus price target of $31.10.

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).

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

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