Mutual of America Capital Management LLC boosted its position in shares of Henry Schein, Inc. (NASDAQ:HSIC) by 92.2% in the 3rd quarter, according to its most recent disclosure with the Securities & Exchange Commission. The firm owned 18,473 shares of the company’s stock after buying an additional 8,861 shares during the quarter. Mutual of America Capital Management LLC’s holdings in Henry Schein were worth $1,515,000 as of its most recent filing with the Securities & Exchange Commission.
A number of other hedge funds and other institutional investors have also recently bought and sold shares of the business. Eads & Heald Investment Counsel boosted its stake in Henry Schein by 0.5% during the second quarter. Eads & Heald Investment Counsel now owns 1,497 shares of the company’s stock worth $274,000 after buying an additional 8 shares during the period. Intrust Bank NA boosted its stake in Henry Schein by 1.1% during the second quarter. Intrust Bank NA now owns 1,219 shares of the company’s stock worth $223,000 after buying an additional 13 shares during the period. Commonwealth of Pennsylvania Public School Empls Retrmt SYS boosted its stake in Henry Schein by 0.3% during the second quarter. Commonwealth of Pennsylvania Public School Empls Retrmt SYS now owns 5,894 shares of the company’s stock worth $1,079,000 after buying an additional 19 shares during the period. YorkBridge Wealth Partners LLC boosted its stake in Henry Schein by 5.2% during the second quarter. YorkBridge Wealth Partners LLC now owns 570 shares of the company’s stock worth $104,000 after buying an additional 28 shares during the period. Finally, Sawtooth Solutions LLC boosted its stake in Henry Schein by 2.4% during the second quarter. Sawtooth Solutions LLC now owns 1,347 shares of the company’s stock worth $247,000 after buying an additional 32 shares during the period. 47.48% of the stock is owned by institutional investors.
Henry Schein (NASDAQ:HSIC) last announced its earnings results on Tuesday, August 8th. The company reported $0.88 EPS for the quarter, beating analysts’ consensus estimates of $0.86 by $0.02. Henry Schein had a return on equity of 19.91% and a net margin of 4.59%. The company had revenue of $3.06 billion during the quarter, compared to analysts’ expectations of $3.05 billion. During the same period last year, the business posted $0.82 EPS. Henry Schein’s revenue for the quarter was up 6.4% on a year-over-year basis.
Henry Schein declared that its Board of Directors has approved a share repurchase plan on Monday, September 18th that permits the company to buyback $400.00 million in shares. This buyback authorization permits the company to repurchase up to 6.3% of its stock through open market purchases. Stock buyback plans are often a sign that the company’s board of directors believes its stock is undervalued.
Several research firms have commented on HSIC. Stifel Nicolaus reaffirmed a “hold” rating on shares of Henry Schein in a research note on Thursday, July 6th. BidaskClub lowered shares of Henry Schein from a “hold” rating to a “sell” rating in a research note on Wednesday, August 2nd. Zacks Investment Research lowered shares of Henry Schein from a “buy” rating to a “hold” rating in a research note on Wednesday, August 9th. Piper Jaffray Companies raised shares of Henry Schein from a “neutral” rating to an “overweight” rating in a research note on Friday, September 15th. Finally, UBS AG reaffirmed a “buy” rating on shares of Henry Schein in a research note on Friday, September 15th. One analyst has rated the stock with a sell rating, eleven have issued a hold rating and six have assigned a buy rating to the company’s stock. The company has an average rating of “Hold” and an average price target of $92.89.
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In related news, SVP Paul Rose sold 2,126 shares of the firm’s stock in a transaction dated Wednesday, September 6th. The stock was sold at an average price of $172.51, for a total transaction of $366,756.26. Following the completion of the transaction, the senior vice president now directly owns 17,841 shares in the company, valued at approximately $3,077,750.91. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this hyperlink. Company insiders own 1.19% of the company’s stock.
Henry Schein Profile
Henry Schein, Inc is a provider of healthcare products and services primarily to office-based dental, animal health and medical practitioners. The Company operates through two segments: healthcare distribution, and technology and value-added services. The healthcare distribution segment distributes consumable products, small equipment, laboratory products, large equipment, equipment repair services, branded and generic pharmaceuticals, vaccines, surgical products, diagnostic tests, infection-control products and vitamins.
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