Owens & Minor (NYSE:OMI) Lowered to “Hold” at StockNews.com

Owens & Minor (NYSE:OMI) was downgraded by analysts at StockNews.com from a “buy” rating to a “hold” rating in a research note issued to investors on Tuesday.

A number of other equities research analysts also recently issued reports on the company. Barclays boosted their price target on Owens & Minor from $21.00 to $23.00 and gave the company an “equal weight” rating in a research report on Wednesday, February 21st. SVB Leerink assumed coverage on Owens & Minor in a research note on Monday, February 26th. They issued a “market perform” rating and a $24.00 target price for the company. TheStreet raised Owens & Minor from a “d+” rating to a “c-” rating in a research report on Monday, March 4th. Robert W. Baird decreased their price target on Owens & Minor from $28.00 to $24.00 and set a “neutral” rating for the company in a report on Monday. Finally, Citigroup lifted their price objective 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. One investment analyst has rated the stock with a sell rating, seven have assigned a hold rating and one has issued a buy rating to the company. Based on data from MarketBeat, the company has a consensus rating of “Hold” and an average target price of $23.29.

Owens & Minor Trading Down 1.6 %

Owens & Minor stock traded down $0.31 during trading on Tuesday, hitting $18.91. The company’s stock had a trading volume of 1,151,930 shares, compared to its average volume of 681,495. The company has a debt-to-equity ratio of 2.17, a quick ratio of 0.56 and a current ratio of 1.16. The stock has a market capitalization of $1.45 billion, a price-to-earnings ratio of -37.08, a P/E/G ratio of 0.57 and a beta of 0.52. The stock’s fifty day moving average is $25.14 and its 200 day moving average is $21.56. Owens & Minor has a 1-year low of $13.64 and a 1-year high of $28.35.

Owens & Minor (NYSE:OMI) last released its earnings results on Friday, May 3rd. The company reported $0.19 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.17 by $0.02. Owens & Minor had a negative net margin of 0.37% and a positive return on equity of 12.97%. The business had revenue of $2.61 billion for the quarter, compared to analysts’ expectations of $2.61 billion. During the same period last year, the company earned $0.05 earnings per share. The company’s quarterly revenue was up 3.6% on a year-over-year basis. As a group, equities research analysts predict that Owens & Minor will post 1.54 EPS for the current year.

Insiders Place Their Bets

In other Owens & Minor news, SVP Michael Wayne Lowry sold 10,000 shares of the firm’s stock in a transaction dated Tuesday, February 27th. The shares were sold at an average price of $25.00, for a total value of $250,000.00. Following the transaction, the senior vice president now owns 71,654 shares of the company’s stock, valued at $1,791,350. The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this hyperlink. In other Owens & Minor news, SVP Michael Wayne Lowry sold 10,000 shares of the firm’s stock in a transaction on Tuesday, February 27th. The stock was sold at an average price of $25.00, for a total value of $250,000.00. Following the sale, the senior vice president now directly owns 71,654 shares in the company, valued at $1,791,350. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. Also, SVP Jonathan A. Leon sold 5,000 shares of the company’s stock in a transaction dated Monday, April 22nd. The stock was sold at an average price of $24.84, for a total transaction of $124,200.00. Following the transaction, the senior vice president now owns 84,673 shares of the company’s stock, valued at approximately $2,103,277.32. The disclosure for this sale can be found here. 2.62% of the stock is currently owned by company insiders.

Institutional Investors Weigh In On Owens & Minor

Institutional investors have recently added to or reduced their stakes in the company. Illinois Municipal Retirement Fund boosted its holdings in shares of Owens & Minor by 5.6% in the first quarter. Illinois Municipal Retirement Fund now owns 43,010 shares of the company’s stock worth $1,192,000 after buying an additional 2,270 shares during the period. SG Americas Securities LLC grew its holdings in shares of Owens & Minor by 477.3% during the 1st quarter. SG Americas Securities LLC now owns 37,851 shares of the company’s stock valued at $1,049,000 after acquiring an additional 31,294 shares in the last quarter. Empowered Funds LLC grew its stake in Owens & Minor by 8.2% in the first quarter. Empowered Funds LLC now owns 297,574 shares of the company’s stock valued at $8,246,000 after purchasing an additional 22,509 shares in the last quarter. Texas Permanent School Fund Corp increased its position in Owens & Minor by 1.8% in the 1st quarter. Texas Permanent School Fund Corp now owns 66,953 shares of the company’s stock worth $1,855,000 after purchasing an additional 1,156 shares during the last quarter. Finally, Janney Montgomery Scott LLC purchased a new stake in shares of Owens & Minor during the 1st quarter worth about $358,000. 98.04% of the stock is currently owned by institutional investors and hedge funds.

Owens & Minor Company Profile

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.