Owens & Minor Inc. (OMI) Sees Unusually-High Trading Volume
Owens & Minor Inc. (NYSE:OMI) shares saw unusually-strong trading volume on Friday . Approximately 515,067 shares changed hands during trading, a decline of 26% from the previous session’s volume of 692,946 shares.The stock last traded at $35.91 and had previously closed at $35.95.
Several research analysts recently issued reports on OMI shares. Zacks Investment Research lowered Owens & Minor from a “hold” rating to a “sell” rating in a research report on Tuesday, July 12th. Leerink Swann reaffirmed a “hold” rating on shares of Owens & Minor in a research report on Thursday, May 5th. Finally, Robert W. Baird lowered Owens & Minor from a “neutral” rating to an “underperform” rating and lowered their target price for the stock from $36.00 to $32.00 in a research report on Thursday, April 21st. Three research analysts have rated the stock with a sell rating and two have issued a hold rating to the company. Owens & Minor currently has an average rating of “Sell” and a consensus target price of $36.60.
The firm has a market capitalization of $2.25 billion and a PE ratio of 20.66. The firm has a 50-day moving average of $37.26 and a 200-day moving average of $37.40.
Owens & Minor (NYSE:OMI) last released its quarterly earnings results on Tuesday, May 3rd. The company reported $0.50 earnings per share for the quarter, topping the consensus estimate of $0.47 by $0.03. The firm earned $2.46 billion during the quarter, compared to the consensus estimate of $2.43 billion. During the same period in the previous year, the company posted $0.44 EPS. The company’s revenue for the quarter was up 2.7% compared to the same quarter last year. On average, equities research analysts predict that Owens & Minor Inc. will post $2.05 earnings per share for the current year.
The company also recently declared a quarterly dividend, which was paid on Thursday, June 30th. Stockholders of record on Wednesday, June 15th were issued a $0.255 dividend. The ex-dividend date of this dividend was Monday, June 13th. This represents a $1.02 annualized dividend and a dividend yield of 2.84%.
In other news, insider Michael Wayne Lowry sold 1,181 shares of the company’s stock in a transaction on Monday, May 9th. The shares were sold at an average price of $35.88, for a total value of $42,374.28. Following the transaction, the insider now owns 5,219 shares of the company’s stock, valued at $187,257.72. The transaction was disclosed in a legal filing with the SEC, which is available at the SEC website. Also, Director Craig R. Smith sold 5,000 shares of the company’s stock in a transaction on Monday, May 9th. The stock was sold at an average price of $35.93, for a total transaction of $179,650.00. Following the completion of the transaction, the director now directly owns 116,982 shares in the company, valued at approximately $4,203,163.26. The disclosure for this sale can be found here.
Several hedge funds and institutional investors have recently added to or reduced their stakes in OMI. Dimensional Fund Advisors LP boosted its position 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 valued at $74,721,000 after buying an additional 190,666 shares during the last quarter. Matarin Capital Management LLC bought a new position in shares of Owens & Minor during the fourth quarter valued at about $1,234,000. Suntrust Banks Inc. raised its position in shares of Owens & Minor by 86.0% in the fourth quarter. Suntrust Banks Inc. now owns 34,357 shares of the company’s stock valued at $1,236,000 after buying an additional 15,881 shares during the period. Bragg Financial Advisors Inc raised its position in shares of Owens & Minor by 19.3% in the fourth quarter. Bragg Financial Advisors Inc now owns 67,477 shares of the company’s stock valued at $2,428,000 after buying an additional 10,896 shares during the period. Finally, Fort Washington Investment Advisors Inc. OH raised its position in shares of 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 valued at $81,640,000 after buying an additional 60,066 shares during the period.
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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