Owens & Minor, Inc. (NYSE:OMI - Get Free Report) hit a new 52-week low during mid-day trading on Monday . The stock traded as low as $10.74 and last traded at $10.89, with a volume of 743336 shares trading hands. The stock had previously closed at $14.24.
Wall Street Analyst Weigh In
Several research analysts recently commented on OMI shares. Citigroup lowered 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 reduced their target price on shares of Owens & Minor from $28.00 to $25.00 and set a "buy" rating on the stock in a report on Tuesday, November 5th. Robert W. Baird dropped their target price on Owens & Minor from $15.00 to $14.00 and set a "neutral" rating on the stock in a report on Tuesday. Finally, Barclays lowered their price objective on 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 equities research analysts have rated the stock with a sell rating, five have assigned a hold rating and two have assigned a buy rating to the company. According to data from MarketBeat.com, Owens & Minor presently has an average rating of "Hold" and a consensus target price of $18.50.
Read Our Latest Analysis on OMI
Owens & Minor Trading Down 2.9 %
The business has a 50-day moving average of $13.60 and a 200-day moving average of $14.20. The stock has a market capitalization of $666.08 million, a price-to-earnings ratio of -13.29, a PEG ratio of 0.40 and a beta of 0.48. The company has a debt-to-equity ratio of 2.11, a quick ratio of 0.45 and a current ratio of 1.09.
Owens & Minor (NYSE:OMI - Get Free Report) last posted its quarterly earnings data on Monday, November 4th. The company reported $0.42 earnings per share for the quarter, beating the consensus estimate of $0.41 by $0.01. The business had revenue of $2.72 billion during the quarter, compared to the consensus estimate of $2.68 billion. Owens & Minor had a positive return on equity of 14.60% and a negative net margin of 0.46%. The company's revenue was up 5.0% compared to the same quarter last year. During the same period in the prior year, the company earned $0.44 earnings per share. As a group, research analysts forecast that Owens & Minor, Inc. will post 1.49 EPS for the current year.
Insider Buying and Selling
In other Owens & Minor news, CFO Jonathan A. Leon sold 5,282 shares of the company's stock in a transaction that occurred on Thursday, November 21st. The stock was sold at an average price of $11.82, for a total transaction of $62,433.24. Following the completion of the sale, the chief financial officer now directly owns 130,822 shares of the company's stock, 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 Securities & Exchange Commission, which is available at the SEC website. 2.62% of the stock is owned by company insiders.
Institutional Inflows and Outflows
Institutional investors have recently modified their holdings of the stock. Blue Trust Inc. raised its position in Owens & Minor by 57.4% during the 4th quarter. Blue Trust Inc. now owns 4,387 shares of the company's stock worth $57,000 after buying an additional 1,600 shares during the last quarter. The Manufacturers Life Insurance Company raised its holdings in Owens & Minor by 4.9% during the second quarter. The Manufacturers Life Insurance Company now owns 36,366 shares of the company's stock worth $491,000 after purchasing an additional 1,709 shares in the last quarter. KBC Group NV raised its holdings in Owens & Minor by 98.2% during the fourth quarter. KBC Group NV now owns 4,434 shares of the company's stock worth $58,000 after purchasing an additional 2,197 shares in the last quarter. Segall Bryant & Hamill LLC lifted its position in Owens & Minor by 2.1% in the third quarter. Segall Bryant & Hamill LLC now owns 137,199 shares of the company's stock valued at $2,153,000 after purchasing an additional 2,883 shares during the period. Finally, Marshall Wace LLP boosted its holdings in Owens & Minor by 38.4% in the 2nd quarter. Marshall Wace LLP now owns 11,100 shares of the company's stock valued at $150,000 after purchasing an additional 3,077 shares in the last quarter. Institutional investors and hedge funds own 98.04% of the company's stock.
Owens & Minor Company Profile
(
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.
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