Teachers Advisors LLC Has $2.14 Million Position in Owens & Minor (OMI)
Teachers Advisors LLC lifted its position in Owens & Minor (NYSE:OMI) by 4.0% in the 4th quarter, HoldingsChannel reports. The institutional investor owned 113,226 shares of the company’s stock after acquiring an additional 4,360 shares during the period. Teachers Advisors LLC’s holdings in Owens & Minor were worth $2,138,000 as of its most recent SEC filing.
Other large investors have also recently added to or reduced their stakes in the company. Alps Advisors Inc. bought a new position in shares of Owens & Minor in the fourth quarter valued at $466,000. Opus Capital Group LLC bought a new position in shares of Owens & Minor in the fourth quarter valued at $2,937,000. SG Americas Securities LLC grew its stake in shares of Owens & Minor by 12.3% in the fourth quarter. SG Americas Securities LLC now owns 134,397 shares of the company’s stock valued at $2,537,000 after buying an additional 14,694 shares in the last quarter. Aperio Group LLC grew its stake in shares of Owens & Minor by 17.0% in the fourth quarter. Aperio Group LLC now owns 67,402 shares of the company’s stock valued at $1,273,000 after buying an additional 9,814 shares in the last quarter. Finally, UBS Asset Management Americas Inc. grew its stake in shares of Owens & Minor by 11.8% in the fourth quarter. UBS Asset Management Americas Inc. now owns 61,941 shares of the company’s stock valued at $1,169,000 after buying an additional 6,560 shares in the last quarter. 96.96% of the stock is owned by institutional investors and hedge funds.
OMI stock opened at $15.90 on Tuesday. The company has a debt-to-equity ratio of 0.89, a current ratio of 1.67 and a quick ratio of 0.91. Owens & Minor has a one year low of $14.26 and a one year high of $34.97. The firm has a market cap of $969.49, a price-to-earnings ratio of 9.88, a P/E/G ratio of 0.97 and a beta of 1.06.
The company also recently announced a quarterly dividend, which was paid on Friday, March 30th. Stockholders of record on Thursday, March 15th were issued a dividend of $0.26 per share. The ex-dividend date of this dividend was Wednesday, March 14th. This represents a $1.04 dividend on an annualized basis and a dividend yield of 6.54%. This is an increase from Owens & Minor’s previous quarterly dividend of $0.26. Owens & Minor’s dividend payout ratio (DPR) is currently 64.60%.
Several equities analysts recently weighed in on the stock. JPMorgan Chase reissued an “underweight” rating and issued a $22.00 target price on shares of Owens & Minor in a research note on Tuesday, December 19th. Zacks Investment Research raised shares of Owens & Minor from a “strong sell” rating to a “hold” rating in a research report on Wednesday, April 4th. Barclays started coverage on shares of Owens & Minor in a research report on Thursday, March 8th. They set an “underweight” rating and a $16.00 price objective for the company. ValuEngine cut shares of Owens & Minor from a “hold” rating to a “sell” rating in a research report on Monday, April 2nd. Finally, Bank of America started coverage on shares of Owens & Minor in a research report on Tuesday, February 27th. They set a “buy” rating and a $19.00 price objective for the company. Six analysts have rated the stock with a sell rating, four have issued a hold rating and one has assigned a buy rating to the company. The company presently has a consensus rating of “Hold” and a consensus price target of $24.28.
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About Owens & Minor
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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