Texas Permanent School Fund raised its position in Owens & Minor, Inc. (NYSE:OMI) by 1.1% during the second quarter, Holdings Channel reports. The firm owned 44,684 shares of the company’s stock after buying an additional 493 shares during the period. Texas Permanent School Fund’s holdings in Owens & Minor were worth $1,438,000 as of its most recent filing with the SEC.

A number of other large investors have also added to or reduced their stakes in OMI. BlackRock Inc. increased its position in Owens & Minor by 8,301.0% in the first quarter. BlackRock Inc. now owns 7,423,066 shares of the company’s stock valued at $256,840,000 after buying an additional 7,334,707 shares in the last quarter. JPMorgan Chase & Co. increased its position in Owens & Minor by 136.5% in the first quarter. JPMorgan Chase & Co. now owns 1,609,977 shares of the company’s stock valued at $55,705,000 after buying an additional 929,196 shares in the last quarter. Point72 Asset Management L.P. increased its position in Owens & Minor by 770.6% in the first quarter. Point72 Asset Management L.P. now owns 723,500 shares of the company’s stock valued at $25,033,000 after buying an additional 640,400 shares in the last quarter. Pzena Investment Management LLC increased its position in Owens & Minor by 18.8% in the first quarter. Pzena Investment Management LLC now owns 1,579,596 shares of the company’s stock valued at $54,654,000 after buying an additional 250,263 shares in the last quarter. Finally, Renaissance Technologies LLC purchased a new position in Owens & Minor during the first quarter valued at about $7,783,000. Institutional investors and hedge funds own 96.24% of the company’s stock.

Owens & Minor, Inc. (NYSE:OMI) opened at 28.00 on Wednesday. The firm has a market cap of $1.71 billion, a P/E ratio of 17.81 and a beta of 1.01. The firm’s 50-day moving average price is $31.03 and its 200 day moving average price is $33.22. Owens & Minor, Inc. has a 12-month low of $27.89 and a 12-month high of $37.02.

Owens & Minor (NYSE:OMI) last posted its earnings results on Tuesday, August 1st. The company reported $0.43 earnings per share for the quarter, hitting analysts’ consensus estimates of $0.43. The firm had revenue of $2.27 billion for the quarter, compared to analysts’ expectations 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% on a year-over-year basis. During the same quarter in the previous year, the firm posted $0.52 earnings per share. Analysts forecast that Owens & Minor, Inc. will post $1.92 earnings per share for the current fiscal year.

The business also recently announced a quarterly dividend, which will be paid on Friday, September 29th. Shareholders of record on Friday, September 15th will be paid a dividend of $0.2575 per share. The ex-dividend date of this dividend is Thursday, September 14th. This represents a $1.03 dividend on an annualized basis and a dividend yield of 3.68%. Owens & Minor’s payout ratio is presently 65.19%.

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Several research firms have issued reports on OMI. BidaskClub raised Owens & Minor from a “sell” rating to a “hold” rating in a report on Tuesday, June 13th. Jefferies Group LLC reaffirmed a “hold” rating and set a $36.00 price objective on shares of Owens & Minor in a report on Friday, April 21st. UBS AG reaffirmed a “sell” rating and set a $29.50 price objective (down previously from $30.50) on shares of Owens & Minor in a report on Thursday, August 3rd. Zacks Investment Research raised Owens & Minor from a “sell” rating to a “hold” rating in a report on Wednesday, July 5th. Finally, TheStreet downgraded Owens & Minor from a “b” rating to a “c+” rating in a report on Thursday, May 4th. Three research analysts have rated the stock with a sell rating, one has given a hold rating and one has given a buy rating to the company’s stock. Owens & Minor currently has a consensus 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 business’s stock in a transaction on Wednesday, May 24th. The shares were sold at an average price of $32.07, for a total transaction of $71,548.17. Following the sale, the executive vice president now owns 27,555 shares of the company’s stock, valued at $883,688.85. The transaction was disclosed in a legal filing with the SEC, which is accessible through this link. Also, SVP Erika T. Davis sold 9,317 shares of the business’s stock in a transaction on Tuesday, May 23rd. The stock was sold at an average price of $32.26, for a total transaction of $300,566.42. Following the sale, 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. Insiders own 1.68% of the company’s stock.

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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