Louisiana State Employees Retirement System Has $624,000 Stake in Owens & Minor Inc. (OMI)
Louisiana State Employees Retirement System decreased its stake in Owens & Minor Inc. (NYSE:OMI) by 4.0% during the second quarter, Holdings Channel reports. The firm owned 16,700 shares of the company’s stock after selling 700 shares during the period. Louisiana State Employees Retirement System’s holdings in Owens & Minor were worth $624,000 at the end of the most recent reporting period.
A number of other institutional investors have also added to or reduced their stakes in OMI. Acadian Asset Management LLC increased its position in Owens & Minor by 1.5% in the second quarter. Acadian Asset Management LLC now owns 2,306,888 shares of the company’s stock worth $86,233,000 after buying an additional 33,087 shares during the period. BlackRock Institutional Trust Company N.A. increased its position in Owens & Minor by 1.5% in the first quarter. BlackRock Institutional Trust Company N.A. now owns 1,861,286 shares of the company’s stock worth $75,233,000 after buying an additional 26,687 shares during the period. JPMorgan Chase & Co. increased its position in Owens & Minor by 411.7% in the first quarter. JPMorgan Chase & Co. now owns 651,341 shares of the company’s stock worth $26,328,000 after buying an additional 524,062 shares during the period. Geode Capital Management LLC increased its position in Owens & Minor by 4.8% in the first quarter. Geode Capital Management LLC now owns 449,461 shares of the company’s stock worth $18,167,000 after buying an additional 20,592 shares during the period. Finally, CWM LLC purchased a new position in Owens & Minor during the second quarter worth approximately $16,578,000. Hedge funds and other institutional investors own 96.91% of the company’s stock.
Shares of Owens & Minor Inc. (NYSE:OMI) traded down 0.33% during midday trading on Friday, hitting $32.97. The company had a trading volume of 426,240 shares. Owens & Minor Inc. has a one year low of $32.47 and a one year high of $41.48. The company’s 50 day moving average is $34.02 and its 200 day moving average is $36.19. The firm has a market cap of $2.06 billion, a price-to-earnings ratio of 18.41 and a beta of 0.88.
Owens & Minor (NYSE:OMI) last issued its earnings results on Tuesday, August 2nd. The company reported $0.52 earnings per share (EPS) for the quarter, topping the Zacks’ consensus estimate of $0.49 by $0.03. The business had revenue of $2.48 billion for the quarter, compared to analysts’ expectations of $2.47 billion. Owens & Minor had a return on equity of 13.28% and a net margin of 1.13%. The company’s quarterly revenue was up 2.5% on a year-over-year basis. During the same period in the previous year, the firm posted $0.46 EPS. Equities analysts forecast that Owens & Minor Inc. will post $0.09 earnings per share for the current fiscal year.
The firm also recently declared a quarterly dividend, which was paid on Friday, September 30th. Stockholders of record on Thursday, September 15th were issued a dividend of $0.255 per share. The ex-dividend date was Tuesday, September 13th. This represents a $1.02 dividend on an annualized basis and a dividend yield of 3.09%. Owens & Minor’s dividend payout ratio is 56.67%.
A number of equities analysts have recently commented on the company. Zacks Investment Research upgraded Owens & Minor from a “sell” rating to a “hold” rating in a report on Tuesday, August 9th. Bank of America Corp. assumed coverage on Owens & Minor in a report on Monday, September 12th. They issued a “neutral” rating on the stock. Two analysts have rated the stock with a sell rating and four have assigned a hold rating to the company’s stock. The company currently has an average rating of “Hold” and an average price target of $36.60.
In other news, Director Craig R. Smith sold 7,500 shares of Owens & Minor stock in a transaction on Friday, August 5th. The stock was sold at an average price of $35.42, for a total transaction of $265,650.00. Following the transaction, the director now owns 104,482 shares in the company, valued at $3,700,752.44. The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this link. Also, SVP Erika T. Davis sold 2,900 shares of Owens & Minor stock in a transaction on Wednesday, August 31st. The shares were sold at an average price of $34.31, for a total value of $99,499.00. Following the transaction, the senior vice president now owns 61,867 shares in the company, valued at approximately $2,122,656.77. The disclosure for this sale can be found here. Insiders own 1.72% of the company’s stock.
About Owens & Minor
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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