Owens & Minor, Inc. (NYSE:OMI) Given Consensus Rating of “Hold” by Analysts

Owens & Minor, Inc. (NYSE:OMI) has been given a consensus rating of “Hold” by the six brokerages that are presently covering the stock, MarketBeat reports. Two equities research analysts have rated the stock with a sell recommendation, two have assigned a hold recommendation and two have assigned a buy recommendation to the company. The average 1 year target price among brokerages that have issued a report on the stock in the last year is $12.50.

OMI has been the topic of a number of recent research reports. Robert W. Baird upped their price target on shares of Owens & Minor from $10.00 to $11.00 and gave the company a “neutral” rating in a research note on Monday, March 3rd. UBS Group dropped their target price on Owens & Minor from $25.00 to $13.00 and set a “buy” rating on the stock in a research report on Thursday, February 13th. Citigroup cut their price target on Owens & Minor from $13.00 to $11.00 and set a “buy” rating for the company in a report on Thursday, April 17th. Finally, JPMorgan Chase & Co. decreased their price objective on Owens & Minor from $14.00 to $10.00 and set an “underweight” rating on the stock in a research note on Monday, March 10th.

Owens & Minor Stock Performance

NYSE:OMI opened at $7.00 on Friday. Owens & Minor has a 1 year low of $6.07 and a 1 year high of $25.49. The company has a debt-to-equity ratio of 2.11, a current ratio of 1.09 and a quick ratio of 0.45. The business has a fifty day simple moving average of $8.19 and a two-hundred day simple moving average of $11.15. The company has a market capitalization of $540.40 million, a P/E ratio of -10.76, a P/E/G ratio of 0.20 and a beta of 1.02.

Owens & Minor (NYSE:OMI) last announced its quarterly earnings data on Friday, February 28th. The company reported $0.55 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.53 by $0.02. The business had revenue of $2.70 billion for the quarter, compared to analysts’ expectations of $2.68 billion. Owens & Minor had a positive return on equity of 14.60% and a negative net margin of 0.46%. The firm’s quarterly revenue was up 1.5% compared to the same quarter last year. During the same period in the previous year, the business posted $0.69 EPS. On average, analysts expect that Owens & Minor will post 1.51 earnings per share for the current year.

Owens & Minor announced that its Board of Directors has initiated a share buyback program on Friday, February 28th that allows the company to repurchase $100.00 million in outstanding shares. This repurchase authorization allows the company to buy up to 13.6% of its stock through open market purchases. Stock repurchase programs are typically a sign that the company’s board believes its stock is undervalued.

Insider Activity at Owens & Minor

In other Owens & Minor news, major shareholder Coliseum Capital Management, L bought 1,738,511 shares of the firm’s stock in a transaction on Friday, February 28th. The shares were acquired at an average cost of $9.39 per share, for a total transaction of $16,324,618.29. Following the purchase, the insider now directly owns 9,469,698 shares of the company’s stock, valued at $88,920,464.22. The trade was a 22.49 % increase in their ownership of the stock. The acquisition was disclosed in a legal filing with the Securities & Exchange Commission, which is available through the SEC website. Over the last quarter, insiders acquired 2,718,412 shares of company stock valued at $24,495,308. Company insiders own 3.69% of the company’s stock.

Hedge Funds Weigh In On Owens & Minor

A number of hedge funds and other institutional investors have recently bought and sold shares of OMI. Sterling Capital Management LLC lifted its holdings in shares of Owens & Minor by 758.3% during the 4th quarter. Sterling Capital Management LLC now owns 2,060 shares of the company’s stock worth $27,000 after acquiring an additional 1,820 shares during the last quarter. Versant Capital Management Inc lifted its stake in Owens & Minor by 537.6% during the first quarter. Versant Capital Management Inc now owns 3,201 shares of the company’s stock worth $29,000 after purchasing an additional 2,699 shares during the last quarter. Parallel Advisors LLC boosted its holdings in shares of Owens & Minor by 1,387.0% in the 1st quarter. Parallel Advisors LLC now owns 3,316 shares of the company’s stock worth $30,000 after purchasing an additional 3,093 shares in the last quarter. Blue Trust Inc. increased its position in shares of Owens & Minor by 57.4% during the 4th quarter. Blue Trust Inc. now owns 4,387 shares of the company’s stock valued at $57,000 after purchasing an additional 1,600 shares during the last quarter. Finally, KBC Group NV lifted its position in Owens & Minor by 98.2% in the 4th quarter. KBC Group NV now owns 4,434 shares of the company’s stock worth $58,000 after buying an additional 2,197 shares during the last quarter. Hedge funds and other institutional investors own 98.04% of the company’s stock.

Owens & Minor Company Profile

Owens & Minor, Inc is a healthcare solutions company, which engages in the product manufacturing and delivery, home health supply, and perioperative services to support care through the hospital and into the home. It operates through the Products and Healthcare Services, and Patient Direct segments.