Shares of Owens & Minor Inc. (NYSE:OMI) fell 4% on Thursday . The company traded as low as $36.07 and last traded at $36.28, with a volume of 991,317 shares traded. The stock had previously closed at $37.80.

Several equities analysts have commented on the stock. Zacks Investment Research lowered shares of Owens & Minor from a “hold” rating to a “sell” rating in a research note on Tuesday. Robert W. Baird lowered shares of Owens & Minor from a “neutral” rating to an “underperform” rating and dropped their price target for the company from $36.00 to $32.00 in a research note on Thursday, April 21st. Finally, Leerink Swann reiterated a “hold” rating on shares of Owens & Minor in a research note on Thursday, May 5th. Three investment analysts have rated the stock with a sell rating and two have issued a hold rating to the company’s stock. Owens & Minor currently has an average rating of “Sell” and an average target price of $36.60.

The stock has a 50-day moving average price of $37.31 and a 200 day moving average price of $37.42. The firm has a market cap of $2.26 billion and a price-to-earnings ratio of 20.71.

Owens & Minor (NYSE:OMI) last announced its earnings results on Tuesday, May 3rd. The company reported $0.50 earnings per share for the quarter, beating the consensus estimate of $0.47 by $0.03. The business had revenue of $2.46 billion for the quarter, compared to the consensus estimate of $2.43 billion. Owens & Minor’s revenue for the quarter was up 2.7% compared to the same quarter last year. During the same quarter in the previous year, the company earned $0.44 EPS. Equities research analysts predict that Owens & Minor Inc. will post $2.05 EPS for the current year.

The company also recently disclosed a quarterly dividend, which was paid on Thursday, June 30th. Shareholders of record on Wednesday, June 15th were given a $0.255 dividend. The ex-dividend date of this dividend was Monday, June 13th. This represents a $1.02 dividend on an annualized basis and a dividend yield of 2.84%.

In related news, insider Michael Wayne Lowry sold 1,181 shares of the firm’s stock in a transaction on Monday, May 9th. The stock was sold at an average price of $35.88, for a total transaction of $42,374.28. Following the completion of the sale, the insider now directly owns 5,219 shares of the company’s stock, valued at approximately $187,257.72. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website. Also, Director Craig R. Smith sold 5,000 shares of the firm’s stock in a transaction on Monday, May 9th. The shares were sold at an average price of $35.93, for a total value of $179,650.00. Following the sale, the director now directly owns 116,982 shares of the company’s stock, valued at $4,203,163.26. The disclosure for this sale can be found here.

A number of large investors have added to or reduced their stakes in the stock. Fort Washington Investment Advisors Inc. OH boosted its stake in Owens & Minor by 2.7% in the fourth quarter. Fort Washington Investment Advisors Inc. OH now owns 2,269,034 shares of the company’s stock worth $81,640,000 after buying an additional 60,066 shares in the last quarter. Dimensional Fund Advisors LP boosted its stake in Owens & Minor by 10.1% in the fourth quarter. Dimensional Fund Advisors LP now owns 2,076,681 shares of the company’s stock worth $74,721,000 after buying an additional 190,666 shares in the last quarter. Victory Capital Management Inc. boosted its stake in Owens & Minor by 0.8% in the fourth quarter. Victory Capital Management Inc. now owns 1,615,189 shares of the company’s stock worth $58,115,000 after buying an additional 12,143 shares in the last quarter. Wells Fargo & Company MN boosted its stake in Owens & Minor by 12.7% in the fourth quarter. Wells Fargo & Company MN now owns 973,214 shares of the company’s stock worth $35,017,000 after buying an additional 110,034 shares in the last quarter. Finally, Boston Partners boosted its stake in Owens & Minor by 6.5% in the fourth quarter. Boston Partners now owns 600,955 shares of the company’s stock worth $21,622,000 after buying an additional 36,493 shares in the last quarter.

Owens & Minor, Inc is a global healthcare services company. The Company provides supply chain assistance to the providers of healthcare services and the manufacturers of healthcare products, supplies and devices in the United States and Europe. The Company operates in two segments: Domestic and International.

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