Vanguard Group Inc. Purchases 107,092 Shares of Owens & Minor, Inc. (NYSE:OMI)

Vanguard Group Inc. raised its stake in shares of Owens & Minor, Inc. (NYSE:OMI - Free Report) by 1.2% in the fourth quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The firm owned 8,915,756 shares of the company's stock after buying an additional 107,092 shares during the period. Vanguard Group Inc. owned about 11.56% of Owens & Minor worth $116,529,000 as of its most recent SEC filing.

Several other institutional investors and hedge funds have also modified their holdings of OMI. Blue Trust Inc. grew its stake in Owens & Minor by 57.4% in the fourth quarter. Blue Trust Inc. now owns 4,387 shares of the company's stock valued at $57,000 after purchasing an additional 1,600 shares in the last quarter. KBC Group NV raised its position in Owens & Minor by 98.2% during the fourth quarter. KBC Group NV now owns 4,434 shares of the company's stock valued at $58,000 after acquiring an additional 2,197 shares in the last quarter. Inspire Advisors LLC grew its position in Owens & Minor by 11.2% in the fourth quarter. Inspire Advisors LLC now owns 15,350 shares of the company's stock worth $201,000 after acquiring an additional 1,548 shares in the last quarter. KLP Kapitalforvaltning AS bought a new position in shares of Owens & Minor during the 4th quarter valued at $256,000. Finally, Wealthfront Advisers LLC bought a new stake in Owens & Minor in the fourth quarter worth $257,000. 98.04% of the stock is currently owned by hedge funds and other institutional investors.

Owens & Minor Stock Performance

OMI stock traded down $0.10 on Friday, reaching $6.90. 1,491,192 shares of the company were exchanged, compared to its average volume of 1,083,143. The company has a debt-to-equity ratio of 2.11, a current ratio of 1.09 and a quick ratio of 0.45. Owens & Minor, Inc. has a 12 month low of $6.07 and a 12 month high of $25.85. The stock's fifty day moving average price is $8.44 and its 200 day moving average price is $11.76. The firm has a market capitalization of $533.00 million, a PE ratio of -10.62, a PEG ratio of 0.20 and a beta of 1.02.

Owens & Minor (NYSE:OMI - Get Free Report) last released its earnings results on Friday, February 28th. The company reported $0.55 earnings per share for the quarter, beating the consensus estimate of $0.53 by $0.02. Owens & Minor had a negative net margin of 0.46% and a positive return on equity of 14.60%. The business had revenue of $2.70 billion during the quarter, compared to analysts' expectations of $2.68 billion. During the same quarter last year, the company earned $0.69 earnings per share. The firm's revenue was up 1.5% on a year-over-year basis. On average, research analysts anticipate that Owens & Minor, Inc. will post 1.51 EPS for the current fiscal year.

Owens & Minor declared that its board has approved a stock buyback program on Friday, February 28th that authorizes the company to buyback $100.00 million in shares. This buyback authorization authorizes the company to reacquire up to 13.6% of its stock through open market purchases. Stock buyback programs are generally a sign that the company's board of directors believes its shares are undervalued.

Wall Street Analyst Weigh In

Several equities analysts have weighed in on OMI shares. JPMorgan Chase & Co. cut their target price on Owens & Minor from $14.00 to $10.00 and set an "underweight" rating on the stock in a report on Monday, March 10th. UBS Group reduced their target price on Owens & Minor from $25.00 to $13.00 and set a "buy" rating for the company in a report on Thursday, February 13th. Finally, Robert W. Baird boosted their price objective on shares of Owens & Minor from $10.00 to $11.00 and gave the stock a "neutral" rating in a research note on Monday, March 3rd. Two investment analysts have rated the stock with a sell rating, three have issued a hold rating and two have given a buy rating to the company. Based on data from MarketBeat, Owens & Minor presently has an average rating of "Hold" and an average target price of $13.75.

Insider Buying and Selling

In other Owens & Minor news, major shareholder Coliseum Capital Management, L purchased 225,000 shares of the business's stock in a transaction on Wednesday, April 9th. The stock was purchased at an average price of $7.39 per share, for a total transaction of $1,662,750.00. Following the completion of the purchase, the insider now directly owns 11,482,955 shares in the company, valued at approximately $84,859,037.45. This trade represents a 2.00 % increase in their ownership of the stock. The purchase was disclosed in a document filed with the Securities & Exchange Commission, which is available through this hyperlink. Insiders bought a total of 2,718,412 shares of company stock valued at $24,495,308 over the last ninety days. 2.62% of the stock is owned by company insiders.

Owens & Minor Company Profile

Owens & Minor, Inc is a healthcare solutions company, which engages in the product manufacturing and delivery, home health supply, and perioperative services to support care through the hospital and into the home. It operates through the Products and Healthcare Services, and Patient Direct segments.