Henry Schein, Inc. (HSIC) Position Reduced by Texas Permanent School Fund
Texas Permanent School Fund cut its stake in shares of Henry Schein, Inc. (NASDAQ:HSIC) by 5.4% during the third quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The fund owned 25,191 shares of the company’s stock after selling 1,435 shares during the period. Texas Permanent School Fund’s holdings in Henry Schein were worth $4,106,000 as of its most recent SEC filing.
Other institutional investors have also modified their holdings of the company. Advisor Group Inc. purchased a new position in shares of Henry Schein during the second quarter worth $106,000. Van ECK Associates Corp raised its position in shares of Henry Schein by 29.1% in the second quarter. Van ECK Associates Corp now owns 727 shares of the company’s stock worth $129,000 after buying an additional 164 shares during the last quarter. Quadrant Capital Group LLC raised its position in shares of Henry Schein by 0.4% in the second quarter. Quadrant Capital Group LLC now owns 742 shares of the company’s stock worth $128,000 after buying an additional 3 shares during the last quarter. Mizuho Asset Management Co. Ltd. raised its position in shares of Henry Schein by 108.6% in the second quarter. Mizuho Asset Management Co. Ltd. now owns 1,018 shares of the company’s stock worth $180,000 after buying an additional 530 shares during the last quarter. Finally, Trust Co. of Vermont raised its position in shares of Henry Schein by 76.3% in the third quarter. Trust Co. of Vermont now owns 1,086 shares of the company’s stock worth $177,000 after buying an additional 470 shares during the last quarter. 91.29% of the stock is currently owned by hedge funds and other institutional investors.
Henry Schein, Inc. (NASDAQ:HSIC) traded up 0.68% during midday trading on Friday, reaching $158.20. The company had a trading volume of 153,274 shares. Henry Schein, Inc. has a 12-month low of $142.64 and a 12-month high of $183.00. The stock has a market capitalization of $12.73 billion, a PE ratio of 26.27 and a beta of 1.04. The company has a 50-day moving average of $152.40 and a 200-day moving average of $162.18.
Henry Schein (NASDAQ:HSIC) last issued its quarterly earnings data on Wednesday, November 2nd. The company reported $1.68 earnings per share for the quarter, topping the Zacks’ consensus estimate of $1.65 by $0.03. The firm had revenue of $2.87 billion for the quarter, compared to analyst estimates of $2.88 billion. Henry Schein had a return on equity of 18.15% and a net margin of 4.40%. The business’s quarterly revenue was up 6.7% compared to the same quarter last year. During the same period last year, the company earned $1.55 EPS. On average, analysts predict that Henry Schein, Inc. will post $6.58 EPS for the current fiscal year.
A number of brokerages have recently weighed in on HSIC. Goldman Sachs Group, Inc. (The) raised Henry Schein from a “neutral” rating to a “buy” rating and set a $185.00 target price on the stock in a research report on Tuesday, October 11th. Zacks Investment Research lowered Henry Schein from a “hold” rating to a “sell” rating in a research report on Tuesday, September 20th. Robert W. Baird reaffirmed an “outperform” rating and set a $176.00 target price (up from $175.00) on shares of Henry Schein in a research report on Tuesday, October 4th. Gabelli raised Henry Schein from a “hold” rating to a “buy” rating and set a $208.00 target price on the stock in a research report on Tuesday. Finally, J P Morgan Chase & Co reaffirmed a “hold” rating and set a $163.00 target price on shares of Henry Schein in a research report on Thursday, November 3rd. One research analyst has rated the stock with a sell rating, six have issued a hold rating and five have given a buy rating to the stock. The company presently has an average rating of “Hold” and a consensus target price of $178.28.
In related news, EVP Mark E. Mlotek sold 2,417 shares of Henry Schein stock in a transaction that occurred on Thursday, November 3rd. The stock was sold at an average price of $155.19, for a total transaction of $375,094.23. Following the sale, the executive vice president now directly owns 40,456 shares in the company, valued at $6,278,366.64. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at the SEC website. Also, Director Kurt P. Kuehn purchased 1,000 shares of the company’s stock in a transaction that occurred on Monday, December 12th. The shares were purchased at an average price of $151.41 per share, for a total transaction of $151,410.00. Following the completion of the transaction, the director now directly owns 2,039 shares of the company’s stock, valued at $308,724.99. The disclosure for this purchase can be found here. 1.27% of the stock is owned by insiders.
Henry Schein Company Profile
Henry Schein, Inc is a provider of health care products and services to office-based dental, animal health and medical practitioners. The Company’s segments include healthcare distribution, and technology and value-added services. The healthcare distribution segment aggregates its global dental, animal health and medical operating segments.
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