Owens & Minor, Inc. (NYSE:OMI) Position Reduced by Aperio Group LLC
Aperio Group LLC decreased its stake in shares of Owens & Minor, Inc. (NYSE:OMI) by 29.9% during the second quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The institutional investor owned 54,305 shares of the company’s stock after selling 23,131 shares during the period. Aperio Group LLC’s holdings in Owens & Minor were worth $1,748,000 as of its most recent filing with the SEC.
A number of other hedge funds have also made changes to their positions in the stock. Bank of Montreal Can increased its stake in Owens & Minor by 1.0% in the first quarter. Bank of Montreal Can now owns 34,212 shares of the company’s stock worth $1,183,000 after buying an additional 343 shares in the last quarter. Fox Run Management L.L.C. purchased a new stake in Owens & Minor during the first quarter worth approximately $284,000. CWM LLC increased its stake in Owens & Minor by 15.5% in the first quarter. CWM LLC now owns 709,335 shares of the company’s stock worth $24,543,000 after buying an additional 95,023 shares in the last quarter. Dean Capital Management purchased a new stake in Owens & Minor during the first quarter worth approximately $2,283,000. Finally, Macquarie Group Ltd. increased its stake in Owens & Minor by 2.3% in the first quarter. Macquarie Group Ltd. now owns 1,272,360 shares of the company’s stock worth $44,024,000 after buying an additional 29,095 shares in the last quarter. 96.05% of the stock is currently owned by hedge funds and other institutional investors.
Owens & Minor, Inc. (NYSE OMI) traded down 0.63% during mid-day trading on Thursday, hitting $28.35. The stock had a trading volume of 374,762 shares. The stock has a 50 day moving average of $31.48 and a 200-day moving average of $33.48. The firm has a market cap of $1.74 billion, a P/E ratio of 18.03 and a beta of 1.01. Owens & Minor, Inc. has a 1-year low of $28.13 and a 1-year high of $37.02.
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, hitting the 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 for the quarter, compared to the consensus estimate of $2.38 billion. During the same quarter in the prior year, the business earned $0.52 EPS. The business’s revenue for the quarter was down 8.8% compared to the same quarter last year. Analysts predict that Owens & Minor, Inc. will post $1.92 EPS for the current fiscal year.
The company also recently disclosed a quarterly dividend, which will be paid on Friday, September 29th. Shareholders of record on Friday, September 15th will be issued a dividend of $0.2575 per share. This represents a $1.03 annualized dividend and a yield of 3.61%. The ex-dividend date of this dividend is Thursday, September 14th. Owens & Minor’s dividend payout ratio is 65.19%.
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A number of analysts have recently commented on the company. BidaskClub raised Owens & Minor from a “sell” rating to a “hold” rating in a research note on Tuesday, June 13th. Jefferies Group LLC reissued a “hold” rating and issued a $36.00 price objective on shares of Owens & Minor in a research note on Friday, April 21st. UBS AG reissued a “sell” rating and issued a $29.50 price objective (down previously from $30.50) on shares of Owens & Minor in a research note on Wednesday. Zacks Investment Research raised Owens & Minor from a “hold” rating to a “buy” rating and set a $34.00 price objective on the stock in a research note on Friday, August 4th. Finally, TheStreet downgraded Owens & Minor from a “b” rating to a “c+” rating in a research note on Thursday, May 4th. Three equities research analysts have rated the stock with a sell rating, one has given a hold rating and one has assigned a buy rating to the stock. Owens & Minor has an average rating of “Hold” and an average target price of $31.88.
In other Owens & Minor news, EVP Rony Camil Kordahi sold 2,231 shares of the company’s stock in a transaction on Wednesday, May 24th. The stock was sold at an average price of $32.07, for a total transaction of $71,548.17. Following the transaction, the executive vice president now owns 27,555 shares of the company’s stock, valued at approximately $883,688.85. The transaction was disclosed in a document filed with the SEC, which can be accessed through this link. Also, SVP Erika T. Davis sold 9,317 shares of the company’s stock in a transaction on Tuesday, May 23rd. The stock was sold at an average price of $32.26, for a total value of $300,566.42. Following the transaction, the senior vice president now directly owns 63,979 shares in the company, valued at approximately $2,063,962.54. The disclosure for this sale can be found here. 1.68% of the stock is currently owned by corporate 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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