Eaton Vance Management Sells 918 Shares of Henry Schein, Inc. (NASDAQ:HSIC)


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Eaton Vance Management decreased its stake in Henry Schein, Inc. (NASDAQ:HSIC) by 1.0% in the 4th quarter, Holdings Channel.com reports. The firm owned 93,391 shares of the company’s stock after selling 918 shares during the quarter. Eaton Vance Management’s holdings in Henry Schein were worth $6,244,000 at the end of the most recent reporting period.

A number of other large investors also recently modified their holdings of HSIC. BlackRock Inc. increased its position in Henry Schein by 6.8% in the 4th quarter. BlackRock Inc. now owns 13,083,067 shares of the company’s stock valued at $874,737,000 after acquiring an additional 830,255 shares during the period. Alliancebernstein L.P. increased its position in Henry Schein by 2.2% in the 4th quarter. Alliancebernstein L.P. now owns 2,855,386 shares of the company’s stock valued at $190,911,000 after acquiring an additional 60,216 shares during the period. State of Wisconsin Investment Board increased its position in Henry Schein by 1.0% in the 4th quarter. State of Wisconsin Investment Board now owns 1,689,542 shares of the company’s stock valued at $112,963,000 after acquiring an additional 17,058 shares during the period. Swedbank acquired a new position in Henry Schein in the 4th quarter valued at approximately $104,373,000. Finally, Norges Bank acquired a new position in Henry Schein in the 4th quarter valued at approximately $92,675,000. 94.73% of the stock is owned by institutional investors and hedge funds.

In related news, Director Deborah Derby purchased 760 shares of Henry Schein stock in a transaction on Wednesday, February 24th. The stock was acquired at an average cost of $66.22 per share, for a total transaction of $50,327.20. The purchase was disclosed in a document filed with the Securities & Exchange Commission, which is available at the SEC website. Company insiders own 1.05% of the company’s stock.

HSIC has been the subject of several recent research reports. Piper Sandler restated an “overweight” rating and issued a $83.00 price target on shares of Henry Schein in a research report on Monday, February 8th. Barrington Research increased their price objective on shares of Henry Schein from $72.00 to $80.00 and gave the stock an “outperform” rating in a research report on Thursday, February 18th. Robert W. Baird upgraded shares of Henry Schein from a “neutral” rating to an “outperform” rating and increased their price objective for the stock from $70.00 to $79.00 in a research report on Monday, January 4th. Finally, TheStreet cut shares of Henry Schein from a “b” rating to a “c+” rating in a research report on Thursday, February 25th. One research analyst has rated the stock with a sell rating, two have given a hold rating and four have given a buy rating to the company’s stock. Henry Schein presently has an average rating of “Hold” and a consensus target price of $67.71.

NASDAQ:HSIC opened at $69.39 on Monday. The company has a current ratio of 1.49, a quick ratio of 0.92 and a debt-to-equity ratio of 0.14. The stock has a market capitalization of $9.87 billion, a price-to-earnings ratio of 17.09, a PEG ratio of 3.12 and a beta of 0.86. The firm has a fifty day simple moving average of $65.99 and a two-hundred day simple moving average of $65.86. Henry Schein, Inc. has a 12 month low of $49.83 and a 12 month high of $74.89.

Henry Schein (NASDAQ:HSIC) last posted its quarterly earnings results on Tuesday, February 16th. The company reported $1.00 EPS for the quarter, topping analysts’ consensus estimates of $0.99 by $0.01. The business had revenue of $3.17 billion during the quarter, compared to analysts’ expectations of $2.86 billion. Henry Schein had a net margin of 6.14% and a return on equity of 11.60%. During the same period last year, the company posted $0.97 earnings per share. Equities analysts predict that Henry Schein, Inc. will post 2.93 earnings per share for the current fiscal year.

Henry Schein Company Profile

Henry Schein, Inc engages in the provision of health care products and services to medical, dental, and veterinary office-based practitioners. It operates through the Healthcare Distribution, and Technology and Value-Added Services segments. The Healthcare Distribution segment includes 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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Institutional Ownership by Quarter for Henry Schein (NASDAQ:HSIC)

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