Owens & Minor, Inc. (NYSE:OMI) Holdings Lowered by Teacher Retirement System of Texas

Teacher Retirement System of Texas trimmed its stake in shares of Owens & Minor, Inc. (NYSE:OMI) by 90.9% during the second quarter, Holdings Channel reports. The institutional investor owned 8,900 shares of the company’s stock after selling 88,383 shares during the period. Teacher Retirement System of Texas’ holdings in Owens & Minor were worth $377,000 at the end of the most recent reporting period.

Other hedge funds also recently added to or reduced their stakes in the company. Geode Capital Management LLC raised its position in shares of Owens & Minor by 1.7% during the 1st quarter. Geode Capital Management LLC now owns 1,286,498 shares of the company’s stock worth $48,359,000 after buying an additional 21,956 shares in the last quarter. Federated Hermes Inc. raised its holdings in shares of Owens & Minor by 52.3% in the 1st quarter. Federated Hermes Inc. now owns 37,758 shares of the company’s stock worth $1,420,000 after purchasing an additional 12,960 shares in the last quarter. Citigroup Inc. raised its holdings in shares of Owens & Minor by 31.6% in the 1st quarter. Citigroup Inc. now owns 80,208 shares of the company’s stock worth $3,015,000 after purchasing an additional 19,269 shares in the last quarter. Alliancebernstein L.P. raised its holdings in shares of Owens & Minor by 3.1% in the 1st quarter. Alliancebernstein L.P. now owns 111,442 shares of the company’s stock worth $4,189,000 after purchasing an additional 3,400 shares in the last quarter. Finally, Swiss National Bank raised its holdings in shares of Owens & Minor by 1.0% in the 1st quarter. Swiss National Bank now owns 167,900 shares of the company’s stock worth $6,311,000 after purchasing an additional 1,700 shares in the last quarter. Institutional investors own 91.35% of the company’s stock.

Shares of Owens & Minor stock opened at $36.25 on Wednesday. The firm has a fifty day simple moving average of $40.72 and a 200-day simple moving average of $39.13. The company has a current ratio of 1.67, a quick ratio of 0.61 and a debt-to-equity ratio of 1.19. Owens & Minor, Inc. has a 1-year low of $13.74 and a 1-year high of $49.16. The stock has a market capitalization of $2.74 billion, a price-to-earnings ratio of 10.89, a PEG ratio of 0.48 and a beta of 0.20.

Owens & Minor (NYSE:OMI) last issued its quarterly earnings data on Tuesday, August 3rd. The company reported $1.06 earnings per share for the quarter, topping the Zacks’ consensus estimate of $0.99 by $0.07. Owens & Minor had a net margin of 2.48% and a return on equity of 45.79%. The business had revenue of $2.49 billion during the quarter, compared to analysts’ expectations of $2.48 billion. During the same period in the previous year, the company earned $0.20 earnings per share. Owens & Minor’s revenue for the quarter was up 37.7% on a year-over-year basis. As a group, research analysts predict that Owens & Minor, Inc. will post 3.96 earnings per share for the current year.

The company also recently disclosed a quarterly dividend, which will be paid on Thursday, September 30th. Stockholders of record on Wednesday, September 15th will be paid a $0.002 dividend. This represents a $0.01 dividend on an annualized basis and a dividend yield of 0.02%. The ex-dividend date of this dividend is Tuesday, September 14th. Owens & Minor’s payout ratio is 0.44%.

In related news, Director Robert J. Henkel bought 1,000 shares of the business’s stock in a transaction that occurred on Monday, September 13th. The stock was purchased at an average cost of $35.00 per share, for a total transaction of $35,000.00. The purchase was disclosed in a filing with the SEC, which is available through this hyperlink. Also, CEO Edward A. Pesicka sold 92,010 shares of the business’s stock in a transaction on Monday, August 9th. The shares were sold at an average price of $38.47, for a total transaction of $3,539,624.70. The disclosure for this sale can be found here. Insiders sold 133,482 shares of company stock valued at $5,128,885 over the last 90 days. 4.65% of the stock is owned by corporate insiders.

A number of analysts recently commented on the stock. Zacks Investment Research downgraded shares of Owens & Minor from a “buy” rating to a “sell” rating in a report on Friday, August 6th. Robert W. Baird lifted their target price on shares of Owens & Minor from $52.00 to $55.00 and gave the stock an “outperform” rating in a research report on Thursday, May 27th. Citigroup boosted their price objective on shares of Owens & Minor from $39.00 to $46.00 and gave the company a “neutral” rating in a research report on Thursday, May 27th. boosted their price objective on shares of Owens & Minor from $39.00 to $46.00 and gave the company a “neutral” rating in a research report on Thursday, May 27th. Finally, TheStreet raised shares of Owens & Minor from a “c+” rating to a “b-” rating in a research report on Monday, August 23rd. One analyst has rated the stock with a sell rating, six have issued a hold rating and two have assigned a buy rating to the stock. According to data from MarketBeat, Owens & Minor presently has a consensus rating of “Hold” and an average price target of $40.22.

Owens & Minor Company Profile

Owens & Minor, Inc engages in the provision of healthcare solutions. It operates through the Global Solutions and Global Products segments. The Global Solutions segment comprises of United States distribution, outsourced logistics, and value-added services business. The Global Products segment manufactures and sources medical surgical products through the production and kitting operations.

Read More: Initial Coin Offering (ICO)

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Institutional Ownership by Quarter for Owens & Minor (NYSE:OMI)

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