Heartland Advisors Inc. bought a new position in Henry Schein, Inc. (NASDAQ:HSIC – Free Report) in the 4th quarter, according to its most recent disclosure with the Securities & Exchange Commission. The firm bought 120,000 shares of the company’s stock, valued at approximately $9,070,000. Heartland Advisors Inc. owned 0.10% of Henry Schein at the end of the most recent reporting period.
Several other hedge funds have also recently bought and sold shares of the stock. Illinois Municipal Retirement Fund raised its stake in Henry Schein by 13.0% during the fourth quarter. Illinois Municipal Retirement Fund now owns 105,836 shares of the company’s stock worth $7,999,000 after acquiring an additional 12,185 shares in the last quarter. Brandes Investment Partners LP raised its stake in Henry Schein by 30.4% during the fourth quarter. Brandes Investment Partners LP now owns 22,422 shares of the company’s stock worth $1,695,000 after acquiring an additional 5,231 shares in the last quarter. Everett Harris & Co. CA raised its stake in Henry Schein by 4.7% during the fourth quarter. Everett Harris & Co. CA now owns 168,218 shares of the company’s stock worth $12,714,000 after acquiring an additional 7,565 shares in the last quarter. LPL Financial LLC raised its stake in Henry Schein by 11.3% during the fourth quarter. LPL Financial LLC now owns 29,733 shares of the company’s stock worth $2,247,000 after acquiring an additional 3,008 shares in the last quarter. Finally, Franklin Resources Inc. raised its stake in Henry Schein by 17.1% during the fourth quarter. Franklin Resources Inc. now owns 57,331 shares of the company’s stock worth $4,333,000 after acquiring an additional 8,376 shares in the last quarter. 96.62% of the stock is currently owned by institutional investors and hedge funds.
Henry Schein Price Performance
Shares of HSIC stock opened at $78.85 on Thursday. The stock has a 50-day moving average price of $75.07 and a 200 day moving average price of $76.13. The company has a quick ratio of 0.75, a current ratio of 1.36 and a debt-to-equity ratio of 0.59. The firm has a market cap of $8.98 billion, a price-to-earnings ratio of 23.82, a PEG ratio of 1.54 and a beta of 0.82. Henry Schein, Inc. has a 12 month low of $61.94 and a 12 month high of $89.29.
Insider Transactions at Henry Schein
In related news, Director William K. Daniel bought 10,000 shares of Henry Schein stock in a transaction on Monday, May 11th. The shares were purchased at an average price of $69.19 per share, for a total transaction of $691,900.00. Following the completion of the acquisition, the director owned 20,000 shares in the company, valued at approximately $1,383,800. This represents a 100.00% increase in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at this hyperlink. Also, CEO Thomas C. Popeck sold 1,355 shares of the firm’s stock in a transaction dated Thursday, March 19th. The stock was sold at an average price of $72.79, for a total value of $98,630.45. Following the transaction, the chief executive officer owned 86,182 shares in the company, valued at approximately $6,273,187.78. This trade represents a 1.55% decrease in their position. The disclosure for this sale is available in the SEC filing. 0.89% of the stock is currently owned by company insiders.
Analysts Set New Price Targets
Several research analysts have issued reports on HSIC shares. Weiss Ratings reiterated a “hold (c+)” rating on shares of Henry Schein in a research note on Monday, May 4th. Morgan Stanley reiterated an “underweight” rating and set a $64.00 price objective (up from $61.00) on shares of Henry Schein in a research note on Friday, April 24th. Mizuho dropped their price objective on Henry Schein from $88.00 to $82.00 and set a “neutral” rating for the company in a research note on Wednesday, May 6th. Citigroup started coverage on Henry Schein in a research note on Wednesday, April 15th. They set a “buy” rating and a $100.00 price objective for the company. Finally, Wells Fargo & Company increased their price objective on Henry Schein from $76.00 to $87.00 and gave the stock an “equal weight” rating in a research note on Wednesday, February 25th. Six equities research analysts have rated the stock with a Buy rating, seven have given a Hold rating and one has issued a Sell rating to the company. According to MarketBeat, the stock has a consensus rating of “Hold” and a consensus target price of $86.83.
Read Our Latest Research Report on Henry Schein
Henry Schein Company Profile
Henry Schein, Inc is a leading global distributor of healthcare products and services, primarily serving office-based dental, medical and animal health practitioners. The company operates through three principal segments—Schein Dental, Schein Medical and Animal Health—each offering a comprehensive portfolio of consumable products, equipment, instruments and related value-added services. With a focus on improving practice efficiency and patient care, Henry Schein provides everything from dental restorative materials and orthodontic appliances to vaccines, pharmaceuticals and diagnostic devices for physicians, as well as pet health products and veterinary equipment for animal health professionals.
In addition to its broad product offering, Henry Schein delivers a suite of technology and service solutions aimed at streamlining workflows and enhancing clinical outcomes.
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