Owens & Minor, Inc. (NYSE:OMI) shares reached a new 52-week low on Wednesday . The stock traded as low as $26.96 and last traded at $26.96, with a volume of 447,408 shares traded. The stock had previously closed at $27.33.

Several research analysts recently weighed in on OMI shares. Zacks Investment Research upgraded shares of Owens & Minor from a “hold” rating to a “buy” rating and set a $34.00 price target for the company in a research report on Friday, August 4th. TheStreet downgraded shares of Owens & Minor from a “b” rating to a “c+” rating in a report on Thursday, May 4th. BidaskClub upgraded shares of Owens & Minor from a “sell” rating to a “hold” rating in a report on Tuesday, June 13th. Jefferies Group LLC set a $36.00 price objective on shares of Owens & Minor and gave the company a “hold” rating in a report on Monday, May 22nd. Finally, UBS AG reiterated a “sell” rating and issued a $29.50 price objective (down previously from $30.50) on shares of Owens & Minor in a report on Thursday, August 3rd. Three research analysts have rated the stock with a sell rating, one has issued a hold rating and one has given a buy rating to the company. The stock currently has an average rating of “Hold” and a consensus target price of $31.88.

The firm has a market capitalization of $1.65 billion, a P/E ratio of 17.14 and a beta of 1.01. The company’s 50 day moving average price is $30.52 and its 200-day moving average price is $32.99.

Owens & Minor (NYSE:OMI) last posted its quarterly earnings data on Tuesday, August 1st. The company reported $0.43 earnings per share for the quarter, meeting the Thomson Reuters’ consensus estimate of $0.43. Owens & Minor had a net margin of 1.02% and a return on equity of 11.64%. The company had revenue of $2.27 billion during the quarter, compared to analyst estimates of $2.38 billion. During the same quarter last year, the firm posted $0.52 EPS. The business’s revenue for the quarter was down 8.8% on a year-over-year basis. Analysts expect that Owens & Minor, Inc. will post $1.92 earnings per share for the current year.

The firm also recently disclosed a quarterly dividend, which will be paid on Friday, September 29th. Stockholders of record on Friday, September 15th will be given a dividend of $0.2575 per share. The ex-dividend date of this dividend is Thursday, September 14th. This represents a $1.03 annualized dividend and a dividend yield of 3.77%. Owens & Minor’s dividend payout ratio (DPR) is 65.19%.

Several institutional investors have recently bought and sold shares of the stock. Meadow Creek Investment Management LLC raised its position in Owens & Minor by 23.0% in the first quarter. Meadow Creek Investment Management LLC now owns 3,300 shares of the company’s stock valued at $114,000 after buying an additional 616 shares during the period. Flinton Capital Management LLC raised its position in Owens & Minor by 62.7% in the second quarter. Flinton Capital Management LLC now owns 3,904 shares of the company’s stock valued at $126,000 after buying an additional 1,504 shares during the period. Creative Planning raised its position in Owens & Minor by 2.9% in the second quarter. Creative Planning now owns 4,021 shares of the company’s stock valued at $129,000 after buying an additional 113 shares during the period. Glen Harbor Capital Management LLC raised its position in Owens & Minor by 23.0% in the first quarter. Glen Harbor Capital Management LLC now owns 4,200 shares of the company’s stock valued at $145,000 after buying an additional 784 shares during the period. Finally, LS Investment Advisors LLC raised its position in Owens & Minor by 17.1% in the second quarter. LS Investment Advisors LLC now owns 4,987 shares of the company’s stock valued at $161,000 after buying an additional 727 shares during the period. Institutional investors own 96.24% of the company’s stock.

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Owens & Minor Company Profile

Owens & Minor, Inc is a healthcare services company that connects the world of medical products to the point of care. The Company provides supply chain assistance to the providers of healthcare services and the manufacturers of healthcare products, supplies and devices. The Company’s segments include Domestic, International and Clinical & Procedural Solutions (CPS).

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