Owens & Minor, Inc. (NYSE:OMI - Get Free Report) SVP Jonathan A. Leon sold 5,000 shares of Owens & Minor stock in a transaction on Monday, April 22nd. The stock was sold at an average price of $24.84, for a total transaction of $124,200.00. Following the completion of the transaction, the senior vice president now directly owns 84,673 shares of the company's stock, valued at approximately $2,103,277.32. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available through the SEC website.
Owens & Minor Stock Up 5.5 %
Shares of Owens & Minor stock opened at $25.57 on Wednesday. The stock has a market capitalization of $1.96 billion, a P/E ratio of -47.35, a PEG ratio of 0.78 and a beta of 0.43. The company has a quick ratio of 0.52, a current ratio of 1.11 and a debt-to-equity ratio of 2.05. The stock has a 50 day moving average price of $25.05 and a two-hundred day moving average price of $21.00. Owens & Minor, Inc. has a 12-month low of $13.34 and a 12-month high of $28.35.
Owens & Minor (NYSE:OMI - Get Free Report) last announced its earnings results on Tuesday, February 20th. The company reported $0.69 earnings per share (EPS) for the quarter, topping analysts' consensus estimates of $0.66 by $0.03. The firm had revenue of $2.66 billion during the quarter, compared to analysts' expectations of $2.67 billion. Owens & Minor had a positive return on equity of 11.62% and a negative net margin of 0.40%. The company's revenue was up 4.1% on a year-over-year basis. During the same quarter in the prior year, the business earned $0.28 earnings per share. Equities analysts expect that Owens & Minor, Inc. will post 1.54 earnings per share for the current year.
Institutional Inflows and Outflows
Never use this word on your phone (FBI could be watching)
From Paradigm Press | Ad
This report sent a chill down my spine.
Turns out, as part of their Jan. 6th investigation, the Feds are flagging Americans who typed these ordinary words as part of their banking transactions...
Watch my unredacted video about what I think is coming next right here
A number of large investors have recently modified their holdings of the business. FMR LLC boosted its position in shares of Owens & Minor by 10.6% in the third quarter. FMR LLC now owns 11,479,209 shares of the company's stock valued at $185,504,000 after acquiring an additional 1,103,275 shares during the period. Vanguard Group Inc. boosted its position in shares of Owens & Minor by 0.3% in the third quarter. Vanguard Group Inc. now owns 8,592,904 shares of the company's stock valued at $138,861,000 after acquiring an additional 25,891 shares during the period. Deerfield Management Company L.P. Series C boosted its position in shares of Owens & Minor by 35.6% in the third quarter. Deerfield Management Company L.P. Series C now owns 6,435,000 shares of the company's stock valued at $103,990,000 after acquiring an additional 1,690,000 shares during the period. Dimensional Fund Advisors LP boosted its position in shares of Owens & Minor by 8.4% in the fourth quarter. Dimensional Fund Advisors LP now owns 4,210,991 shares of the company's stock valued at $81,148,000 after acquiring an additional 327,002 shares during the period. Finally, Invesco Ltd. boosted its position in shares of Owens & Minor by 12.0% in the third quarter. Invesco Ltd. now owns 1,081,460 shares of the company's stock valued at $17,476,000 after acquiring an additional 115,995 shares during the period. 98.04% of the stock is currently owned by institutional investors and hedge funds.
Analyst Ratings Changes
Several equities analysts have recently issued reports on the stock. Citigroup boosted their price target on shares of Owens & Minor from $23.00 to $24.00 and gave the company a "neutral" rating in a report on Wednesday, February 21st. Barclays lifted their target price on Owens & Minor from $21.00 to $23.00 and gave the company an "equal weight" rating in a research note on Wednesday, February 21st. Robert W. Baird lifted their target price on Owens & Minor from $24.00 to $28.00 and gave the company a "neutral" rating in a research note on Wednesday, April 10th. UBS Group lowered their target price on Owens & Minor from $28.00 to $26.00 and set a "buy" rating on the stock in a research note on Monday, January 29th. Finally, TheStreet raised Owens & Minor from a "d+" rating to a "c-" rating in a research note on Monday, March 4th. 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 company. Based on data from MarketBeat.com, the company presently has an average rating of "Hold" and a consensus price target of $23.29.
View Our Latest Analysis on Owens & Minor
About Owens & Minor
(
Get Free Report)
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.
Further Reading
This instant news alert was generated by narrative science technology and financial data from InsiderTrades.com in order to provide readers with the fastest and most accurate reporting. This story was reviewed by InsiderTrades.com's editorial team prior to publication. Please send any questions or comments about this story to [email protected].
