Owens & Minor Inc. (OMI) Sees Strong Trading Volume
Owens & Minor Inc. (NYSE:OMI) shares saw unusually-strong trading volume on Monday . Approximately 609,214 shares were traded during trading, a decline of 4% from the previous session’s volume of 633,476 shares.The stock last traded at $33.91 and had previously closed at $33.71.
Several analysts have recently weighed in on OMI shares. Zacks Investment Research lowered shares of Owens & Minor from a “hold” rating to a “sell” rating in a research report on Tuesday, April 26th. Leerink Swann reissued a “hold” rating on shares of Owens & Minor in a report on Thursday, May 5th. Two investment analysts have rated the stock with a sell rating and three have assigned a hold rating to the company. The company has a consensus rating of “Hold” and a consensus price target of $36.60.
The firm has a 50-day moving average price of $35.64 and a 200 day moving average price of $37.51. The company has a market capitalization of $2.11 billion and a P/E ratio of 18.92.
Owens & Minor (NYSE:OMI) last issued its quarterly earnings data on Tuesday, August 2nd. The company reported $0.52 earnings per share for the quarter, beating the Thomson Reuters’ consensus estimate of $0.49 by $0.03. The company earned $2.48 billion during the quarter, compared to the consensus estimate of $2.47 billion. Owens & Minor’s revenue for the quarter was up 2.5% compared to the same quarter last year. During the same period in the previous year, the company earned $0.46 earnings per share. On average, analysts anticipate that Owens & Minor Inc. will post $2.05 EPS for the current year.
The business also recently disclosed a quarterly dividend, which will be paid on Friday, September 30th. Stockholders of record on Thursday, September 15th will be given a $0.255 dividend. This represents a $1.02 annualized dividend and a dividend yield of 3.01%.
In other news, Director Craig R. Smith sold 7,500 shares of the stock in a transaction dated Friday, August 5th. The shares were sold at an average price of $35.42, for a total value of $265,650.00. Following the transaction, the director now directly owns 104,482 shares of the company’s stock, valued at $3,700,752.44. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available through the SEC website.
Other institutional investors recently modified their holdings of the company. Dimensional Fund Advisors LP raised its position in shares of 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. Suntrust Banks Inc. increased its position in 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. Finally, Bank of Montreal Can increased its position in Owens & Minor by 7,261.6% in the fourth quarter. Bank of Montreal Can now owns 37,544 shares of the company’s stock valued at $1,350,000 after buying an additional 37,034 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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