Owens & Minor, Inc. (NYSE:OMI) Shares Acquired by Principal Financial Group Inc.

Principal Financial Group Inc. lifted its stake in Owens & Minor, Inc. (NYSE:OMI) by 2.9% in the fourth quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The firm owned 358,907 shares of the company’s stock after purchasing an additional 10,152 shares during the period. Principal Financial Group Inc. owned about 0.47% of Owens & Minor worth $4,691,000 at the end of the most recent quarter.

A number of other hedge funds and other institutional investors have also recently bought and sold shares of the stock. Blue Trust Inc. boosted its holdings in Owens & Minor by 57.4% in the fourth quarter. Blue Trust Inc. now owns 4,387 shares of the company’s stock valued at $57,000 after purchasing an additional 1,600 shares during the period. Empowered Funds LLC boosted its holdings in Owens & Minor by 5.1% in the fourth quarter. Empowered Funds LLC now owns 355,021 shares of the company’s stock valued at $4,640,000 after purchasing an additional 17,255 shares during the period. Advisors Preferred LLC boosted its holdings in Owens & Minor by 173.9% in the fourth quarter. Advisors Preferred LLC now owns 84,305 shares of the company’s stock valued at $1,083,000 after purchasing an additional 53,529 shares during the period. Waldron Private Wealth LLC purchased a new position in Owens & Minor in the fourth quarter valued at $406,000. Finally, KBC Group NV boosted its holdings in Owens & Minor by 98.2% in the fourth quarter. KBC Group NV now owns 4,434 shares of the company’s stock valued at $58,000 after purchasing an additional 2,197 shares during the period. 98.04% of the stock is currently owned by hedge funds and other institutional investors.

Owens & Minor Stock Down 2.7 %

Shares of NYSE OMI opened at $9.32 on Tuesday. The business has a 50-day moving average of $11.44 and a two-hundred day moving average of $13.18. The company has a debt-to-equity ratio of 2.11, a current ratio of 1.09 and a quick ratio of 0.45. Owens & Minor, Inc. has a 1 year low of $6.07 and a 1 year high of $28.35. The company has a market capitalization of $718.66 million, a price-to-earnings ratio of -14.34, a price-to-earnings-growth ratio of 0.20 and a beta of 0.48.

Owens & Minor (NYSE:OMI) last posted its earnings results on Friday, February 28th. The company reported $0.55 EPS for the quarter, topping analysts’ consensus estimates of $0.53 by $0.02. Owens & Minor had a positive return on equity of 14.60% and a negative net margin of 0.46%. The business had revenue of $2.70 billion for the quarter, compared to analysts’ expectations of $2.68 billion. During the same quarter in the previous year, the firm earned $0.69 earnings per share. The business’s revenue was up 1.5% compared to the same quarter last year. On average, analysts forecast that Owens & Minor, Inc. will post 1.51 earnings per share for the current fiscal year.

Owens & Minor announced that its board has approved a share buyback program on Friday, February 28th that permits the company to buyback $100.00 million in outstanding shares. This buyback authorization permits the company to reacquire up to 13.6% of its stock through open market purchases. Stock buyback programs are usually a sign that the company’s board believes its shares are undervalued.

Wall Street Analyst Weigh In

A number of research analysts recently issued reports on the company. Barclays decreased their target price on Owens & Minor from $18.00 to $14.00 and set an “equal weight” rating for the company in a report on Tuesday, November 5th. Robert W. Baird lifted their price target on Owens & Minor from $10.00 to $11.00 and gave the stock a “neutral” rating in a report on Monday. UBS Group decreased their price target on Owens & Minor from $25.00 to $13.00 and set a “buy” rating for the company in a report on Thursday, February 13th. Finally, Citigroup decreased their price target on Owens & Minor from $21.00 to $18.50 and set a “buy” rating for the company in a report on Tuesday, November 5th. Two research analysts have rated the stock with a sell rating, three have given a hold rating and two have given a buy rating to the stock. According to data from MarketBeat.com, Owens & Minor presently has an average rating of “Hold” and a consensus price target of $15.08.

Owens & Minor Company Profile

Owens & Minor, Inc is a healthcare solutions company, which engages in the product manufacturing and delivery, home health supply, and perioperative services to support care through the hospital and into the home. It operates through the Products and Healthcare Services, and Patient Direct segments.