Waldron Private Wealth LLC Acquires New Holdings in Owens & Minor, Inc. (NYSE:OMI)

Waldron Private Wealth LLC bought a new stake in shares of Owens & Minor, Inc. (NYSE:OMI - Free Report) in the fourth quarter, according to its most recent filing with the Securities and Exchange Commission. The institutional investor bought 31,050 shares of the company's stock, valued at approximately $406,000.

A number of other large investors have also recently bought and sold shares of the company. FMR LLC boosted its stake in shares of Owens & Minor by 0.8% in the 3rd quarter. FMR LLC now owns 11,564,624 shares of the company's stock valued at $181,449,000 after purchasing an additional 90,862 shares in the last quarter. State Street Corp grew its stake in shares of Owens & Minor by 2.6% in the third quarter. State Street Corp now owns 3,064,547 shares of the company's stock worth $48,083,000 after purchasing an additional 78,985 shares during the last quarter. Charles Schwab Investment Management Inc. increased its holdings in Owens & Minor by 10.2% in the third quarter. Charles Schwab Investment Management Inc. now owns 2,028,236 shares of the company's stock valued at $31,823,000 after purchasing an additional 187,079 shares during the period. Geode Capital Management LLC lifted its holdings in Owens & Minor by 0.8% during the 3rd quarter. Geode Capital Management LLC now owns 1,711,453 shares of the company's stock worth $26,858,000 after buying an additional 13,164 shares during the period. Finally, JPMorgan Chase & Co. grew its position in shares of Owens & Minor by 68.4% in the 3rd quarter. JPMorgan Chase & Co. now owns 376,830 shares of the company's stock valued at $5,912,000 after buying an additional 152,999 shares during the last quarter. 98.04% of the stock is currently owned by institutional investors and hedge funds.

Insider Transactions at Owens & Minor

In other news, CFO Jonathan A. Leon sold 5,282 shares of the company's stock in a transaction on Thursday, November 21st. The shares were sold at an average price of $11.82, for a total value of $62,433.24. Following the completion of the sale, the chief financial officer now owns 130,822 shares in the company, valued at $1,546,316.04. This represents a 3.88 % decrease in their position. The transaction was disclosed in a legal filing with the SEC, which is available through this hyperlink. Company insiders own 2.62% of the company's stock.

Analyst Ratings Changes

Several equities analysts recently issued reports on OMI shares. Robert W. Baird dropped their target price on shares of Owens & Minor from $15.00 to $14.00 and set a "neutral" rating on the stock in a report on Tuesday. Citigroup decreased their target price on Owens & Minor from $21.00 to $18.50 and set a "buy" rating for the company in a research note on Tuesday, November 5th. UBS Group dropped their price target on Owens & Minor from $28.00 to $25.00 and set a "buy" rating on the stock in a research note on Tuesday, November 5th. Finally, Barclays reduced their price objective on shares of Owens & Minor from $18.00 to $14.00 and set an "equal weight" rating for the company in a research report on Tuesday, November 5th. Two analysts have rated the stock with a sell rating, five have issued a hold rating and two have given a buy rating to the company. According to data from MarketBeat, Owens & Minor presently has a consensus rating of "Hold" and a consensus target price of $18.50.

Owens & Minor Stock Down 2.0 %

OMI stock traded down $0.18 during midday trading on Wednesday, reaching $8.96. 1,184,241 shares of the company's stock traded hands, compared to its average volume of 894,846. The company has a quick ratio of 0.45, a current ratio of 1.09 and a debt-to-equity ratio of 2.11. The firm's fifty day moving average price is $13.69 and its 200-day moving average price is $14.24. Owens & Minor, Inc. has a 52 week low of $8.75 and a 52 week high of $28.35. The company has a market cap of $690.91 million, a price-to-earnings ratio of -13.76, a P/E/G ratio of 0.40 and a beta of 0.48.

Owens & Minor (NYSE:OMI - Get Free Report) last posted its earnings results on Monday, November 4th. The company reported $0.42 EPS for the quarter, topping the consensus estimate of $0.41 by $0.01. The company had revenue of $2.72 billion during the quarter, compared to the consensus estimate of $2.68 billion. Owens & Minor had a negative net margin of 0.46% and a positive return on equity of 14.60%. The firm's revenue for the quarter was up 5.0% on a year-over-year basis. During the same period in the previous year, the firm posted $0.44 earnings per share. As a group, sell-side analysts forecast that Owens & Minor, Inc. will post 1.49 earnings per share for the current fiscal year.

Owens & Minor 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.