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

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

Several other equities research analysts have also recently weighed in on the company. Barclays upped 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 began coverage on Owens & Minor in a research report on Monday, February 26th. They set a market perform rating and a $24.00 target price for the company. UBS Group decreased their price objective on shares of Owens & Minor from $28.00 to $26.00 and set a buy rating on the stock in a research report on Monday, January 29th. Robert W. Baird decreased their price target on shares of Owens & Minor from $28.00 to $24.00 and set a neutral rating on the stock in a report on Monday. Finally, TheStreet upgraded shares of Owens & Minor from a d+ rating to a c- rating in a research report on Monday, March 4th. One research analyst has rated the stock with a sell rating, seven have issued a hold rating and one has issued a buy rating to the company’s stock. According to MarketBeat, the stock has an average rating of Hold and a consensus price target of $23.29.

Owens & Minor Stock Performance

Shares of OMI opened at $18.91 on Tuesday. The company has a market capitalization of $1.45 billion, a price-to-earnings ratio of -37.08, a PEG ratio of 0.57 and a beta of 0.52. Owens & Minor has a 12 month low of $13.64 and a 12 month high of $28.35. The company has a current ratio of 1.16, a quick ratio of 0.56 and a debt-to-equity ratio of 2.17. The stock has a 50 day moving average of $25.14 and a 200 day moving average of $21.56.

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 analysts’ consensus estimates 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 during the quarter, compared to the consensus estimate of $2.61 billion. During the same period last year, the business posted $0.05 earnings per share. The business’s revenue for the quarter was up 3.6% on a year-over-year basis. As a group, sell-side analysts forecast that Owens & Minor will post 1.54 earnings per share for the current year.

Insider Transactions at Owens & Minor

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

Institutional Trading of Owens & Minor

Several large investors have recently added to or reduced their stakes in the stock. Inspire Investing LLC lifted its position in Owens & Minor by 111.3% during the first quarter. Inspire Investing LLC now owns 47,866 shares of the company’s stock valued at $1,326,000 after buying an additional 25,210 shares during the period. Inspire Advisors LLC purchased a new position in Owens & Minor during the 1st quarter valued at about $272,000. Illinois Municipal Retirement Fund boosted its stake in Owens & Minor by 5.6% during the first quarter. Illinois Municipal Retirement Fund now owns 43,010 shares of the company’s stock worth $1,192,000 after acquiring an additional 2,270 shares in the last quarter. SG Americas Securities LLC grew its stake in shares of Owens & Minor by 477.3% in the 1st quarter. SG Americas Securities LLC now owns 37,851 shares of the company’s stock worth $1,049,000 after buying an additional 31,294 shares during the last quarter. Finally, Empowered Funds LLC increased its holdings in shares of Owens & Minor by 8.2% during the first quarter. Empowered Funds LLC now owns 297,574 shares of the company’s stock valued at $8,246,000 after acquiring an additional 22,509 shares in the last quarter. Institutional investors own 98.04% of the company’s stock.

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.