Owens & Minor (NYSE:OMI) Downgraded to Hold at StockNews.com

StockNews.com cut shares of Owens & Minor (NYSE:OMI) from a buy rating to a hold rating in a research report report published on Thursday morning.

A number of other analysts also recently issued reports on the company. Barclays raised their target price on Owens & Minor from $21.00 to $23.00 and gave the stock an equal weight rating in a research note on Wednesday, February 21st. Leerink Partnrs reaffirmed a market perform rating on shares of Owens & Minor in a research note on Monday, February 26th. Citigroup increased their price target on shares of Owens & Minor from $24.00 to $28.00 and gave the company a neutral rating in a research note on Tuesday, April 30th. Robert W. Baird reduced their price target on shares of Owens & Minor from $28.00 to $24.00 and set a neutral rating on the stock in a research report on Monday, May 6th. Finally, UBS Group decreased their price objective on Owens & Minor from $28.00 to $26.00 and set a buy rating on the stock in a report on Monday, January 29th. One research analyst has rated the stock with a sell rating, seven have given a hold rating and one has given a buy rating to the company’s stock. According to MarketBeat, the stock presently has an average rating of Hold and a consensus target price of $23.29.

Owens & Minor Stock Up 1.4 %

Shares of NYSE OMI opened at $17.53 on Thursday. The stock has a market cap of $1.34 billion, a PE ratio of -34.37, a P/E/G ratio of 0.56 and a beta of 0.52. The company has a current ratio of 1.16, a quick ratio of 0.56 and a debt-to-equity ratio of 2.17. Owens & Minor has a 12-month low of $13.64 and a 12-month high of $28.35. The company has a 50-day moving average of $23.43 and a 200 day moving average of $21.78.

Owens & Minor (NYSE:OMI) last issued its earnings results on Friday, May 3rd. The company reported $0.19 earnings per share for the quarter, topping the consensus estimate of $0.17 by $0.02. Owens & Minor had a positive return on equity of 12.97% and a negative net margin of 0.37%. The business had revenue of $2.61 billion for the quarter, compared to analysts’ expectations of $2.61 billion. During the same period in the previous year, the firm posted $0.05 EPS. The business’s revenue for the quarter was up 3.6% compared to the same quarter last year. As a group, sell-side analysts predict that Owens & Minor will post 1.53 EPS for the current fiscal year.

Insider Buying and Selling

In other Owens & Minor news, SVP Jonathan A. Leon sold 5,000 shares of the business’s stock in a transaction that occurred on Monday, April 22nd. The stock was sold at an average price of $24.84, for a total value of $124,200.00. Following the sale, the senior vice president now owns 84,673 shares of the company’s stock, valued at $2,103,277.32. The sale was disclosed in a filing with the SEC, which can be accessed through the SEC website. In other news, SVP Jonathan A. Leon sold 5,000 shares of the stock in a transaction dated Monday, April 22nd. The shares were sold at an average price of $24.84, for a total transaction of $124,200.00. Following the sale, the senior vice president now owns 84,673 shares of the company’s stock, valued at $2,103,277.32. The sale was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, SVP Michael Wayne Lowry sold 10,000 shares of the firm’s stock in a transaction that occurred on Tuesday, February 27th. The shares were sold at an average price of $25.00, for a total transaction of $250,000.00. Following the completion of the transaction, the senior vice president now directly owns 71,654 shares of the company’s stock, valued at approximately $1,791,350. The disclosure for this sale can be found here. In the last quarter, insiders sold 17,031 shares of company stock valued at $415,186. Company insiders own 3.59% of the company’s stock.

Institutional Trading of Owens & Minor

A number of large investors have recently modified their holdings of the stock. Burney Co. purchased a new position in Owens & Minor in the first quarter valued at $271,000. Kennedy Capital Management LLC grew its position in shares of Owens & Minor by 42.6% during the first quarter. Kennedy Capital Management LLC now owns 525,849 shares of the company’s stock worth $14,571,000 after buying an additional 157,038 shares in the last quarter. Bridgeway Capital Management LLC grew its position in shares of Owens & Minor by 11.8% during the first quarter. Bridgeway Capital Management LLC now owns 591,174 shares of the company’s stock worth $16,381,000 after buying an additional 62,509 shares in the last quarter. Public Employees Retirement System of Ohio purchased a new stake in shares of Owens & Minor during the first quarter worth approximately $120,000. Finally, Price T Rowe Associates Inc. MD raised its holdings in Owens & Minor by 5.9% in the first quarter. Price T Rowe Associates Inc. MD now owns 48,286 shares of the company’s stock valued at $1,339,000 after acquiring an additional 2,671 shares in the last quarter. Hedge funds and other institutional investors own 98.04% of the company’s stock.

About Owens & Minor

Owens & Minor, Inc, together with its subsidiaries, operates as a healthcare solutions company worldwide. It operates through Products & Healthcare Services and Patient Direct segments. The Products & Healthcare Services segment offers a portfolio of products and services to healthcare providers and manufacturers.