Rowland & Co. Investment Counsel ADV Raises Holdings in Owens & Minor, Inc. (OMI)
Rowland & Co. Investment Counsel ADV boosted its holdings in Owens & Minor, Inc. (NYSE:OMI) by 47.9% during the 4th quarter, HoldingsChannel reports. The fund owned 54,371 shares of the company’s stock after purchasing an additional 17,619 shares during the quarter. Rowland & Co. Investment Counsel ADV’s holdings in Owens & Minor were worth $1,035,000 at the end of the most recent reporting period.
Other institutional investors have also modified their holdings of the company. Flinton Capital Management LLC raised its holdings in Owens & Minor by 62.7% during the 2nd quarter. Flinton Capital Management LLC now owns 3,904 shares of the company’s stock worth $126,000 after buying an additional 1,504 shares during the period. Legg Mason Asset Management Japan Co. Ltd. acquired a new stake in Owens & Minor during the 2nd quarter worth about $171,000. Riverhead Capital Management LLC raised its holdings in Owens & Minor by 65.6% during the 2nd quarter. Riverhead Capital Management LLC now owns 6,128 shares of the company’s stock worth $197,000 after buying an additional 2,428 shares during the period. Oppenheimer & Co. Inc. raised its holdings in Owens & Minor by 42.9% during the 3rd quarter. Oppenheimer & Co. Inc. now owns 9,376 shares of the company’s stock worth $274,000 after buying an additional 2,816 shares during the period. Finally, QS Investors LLC raised its holdings in Owens & Minor by 22.7% during the 2nd quarter. QS Investors LLC now owns 9,737 shares of the company’s stock worth $313,000 after buying an additional 1,803 shares during the period. Hedge funds and other institutional investors own 97.68% of the company’s stock.
Owens & Minor, Inc. (NYSE OMI) traded up $0.53 during midday trading on Thursday, reaching $20.81. The company’s stock had a trading volume of 878,113 shares, compared to its average volume of 1,170,000. The company has a current ratio of 1.77, a quick ratio of 0.95 and a debt-to-equity ratio of 0.91. Owens & Minor, Inc. has a 12-month low of $17.75 and a 12-month high of $37.02. The firm has a market cap of $1,270.00, a P/E ratio of 16.52, a PEG ratio of 1.81 and a beta of 0.87.
Owens & Minor (NYSE:OMI) last released its earnings results on Wednesday, November 1st. The company reported $0.40 earnings per share for the quarter, missing the Thomson Reuters’ consensus estimate of $0.50 by ($0.10). Owens & Minor had a net margin of 0.83% and a return on equity of 10.85%. The business had revenue of $2.33 billion for the quarter, compared to analysts’ expectations of $2.40 billion. During the same period last year, the firm earned $0.51 EPS. The company’s revenue was down 3.4% compared to the same quarter last year. research analysts forecast that Owens & Minor, Inc. will post 1.77 earnings per share for the current fiscal year.
The firm also recently announced a quarterly dividend, which was paid on Friday, December 29th. Shareholders of record on Friday, December 15th were paid a dividend of $0.2575 per share. The ex-dividend date was Thursday, December 14th. This represents a $1.03 annualized dividend and a yield of 4.95%. Owens & Minor’s dividend payout ratio (DPR) is presently 81.75%.
Several research firms have issued reports on OMI. Zacks Investment Research downgraded Owens & Minor from a “strong-buy” rating to a “hold” rating in a report on Wednesday, October 4th. Robert W. Baird restated a “hold” rating and set a $28.00 price objective on shares of Owens & Minor in a report on Thursday, October 12th. Leerink Swann restated a “market perform” rating and set a $23.00 price objective (down previously from $34.00) on shares of Owens & Minor in a report on Thursday, November 2nd. Credit Suisse Group restated an “underperform” rating and set a $17.00 price objective (down previously from $31.00) on shares of Owens & Minor in a report on Monday, November 20th. Finally, ValuEngine downgraded Owens & Minor from a “buy” rating to a “hold” rating in a report on Sunday, December 31st. Four equities research analysts have rated the stock with a sell rating and five have issued a hold rating to the company. The company has an average rating of “Hold” and a consensus price target of $26.50.
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Owens & Minor Company Profile
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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