Henry Schein, Inc. (NASDAQ:HSIC) Position Lowered by Commonwealth Equity Services LLC

Commonwealth Equity Services LLC reduced its position in Henry Schein, Inc. (NASDAQ:HSIC) by 9.8% in the 2nd quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The fund owned 9,012 shares of the company’s stock after selling 980 shares during the quarter. Commonwealth Equity Services LLC’s holdings in Henry Schein were worth $578,000 at the end of the most recent quarter.

Several other institutional investors and hedge funds have also recently bought and sold shares of HSIC. KBC Group NV raised its holdings in shares of Henry Schein by 163.5% during the fourth quarter. KBC Group NV now owns 521,964 shares of the company’s stock worth $39,518,000 after purchasing an additional 323,901 shares during the period. Everett Harris & Co. CA lifted its holdings in Henry Schein by 13.9% in the first quarter. Everett Harris & Co. CA now owns 119,257 shares of the company’s stock worth $9,006,000 after acquiring an additional 14,580 shares during the last quarter. UniSuper Management Pty Ltd boosted its stake in Henry Schein by 611.8% in the first quarter. UniSuper Management Pty Ltd now owns 13,695 shares of the company’s stock valued at $1,034,000 after acquiring an additional 11,771 shares during the period. Envestnet Portfolio Solutions Inc. grew its holdings in shares of Henry Schein by 64.2% during the first quarter. Envestnet Portfolio Solutions Inc. now owns 41,558 shares of the company’s stock valued at $3,138,000 after purchasing an additional 16,241 shares during the last quarter. Finally, Artisan Partners Limited Partnership raised its position in shares of Henry Schein by 9.5% during the 4th quarter. Artisan Partners Limited Partnership now owns 292,911 shares of the company’s stock worth $22,176,000 after purchasing an additional 25,378 shares during the period. Institutional investors and hedge funds own 96.62% of the company’s stock.

Insiders Place Their Bets

In other news, SVP Lorelei Mcglynn sold 21,035 shares of the firm’s stock in a transaction dated Friday, September 6th. The shares were sold at an average price of $69.30, for a total transaction of $1,457,725.50. Following the completion of the transaction, the senior vice president now owns 71,833 shares in the company, valued at approximately $4,978,026.90. The transaction was disclosed in a legal filing with the SEC, which is accessible through the SEC website. 1.14% of the stock is owned by company insiders.

Wall Street Analysts Forecast Growth

A number of research analysts recently issued reports on the company. Baird R W upgraded Henry Schein from a “hold” rating to a “strong-buy” rating in a research report on Monday, July 22nd. Robert W. Baird reduced their price target on shares of Henry Schein from $92.00 to $82.00 and set an “outperform” rating for the company in a report on Wednesday, August 7th. JPMorgan Chase & Co. dropped their price objective on shares of Henry Schein from $88.00 to $80.00 and set an “overweight” rating on the stock in a report on Monday, August 12th. Barrington Research reissued an “outperform” rating and set a $82.00 target price on shares of Henry Schein in a research note on Friday. Finally, UBS Group dropped their price target on shares of Henry Schein from $75.00 to $72.00 and set a “neutral” rating on the stock in a research note on Wednesday, August 7th. One investment analyst has rated the stock with a sell rating, six have given a hold rating, five have given a buy rating and one has given a strong buy rating to the stock. Based on data from MarketBeat, the stock currently has a consensus rating of “Hold” and an average target price of $77.10.

Henry Schein Price Performance

NASDAQ HSIC opened at $71.15 on Friday. Henry Schein, Inc. has a 12 month low of $60.01 and a 12 month high of $82.63. The firm has a market capitalization of $9.11 billion, a PE ratio of 24.04, a P/E/G ratio of 1.88 and a beta of 0.86. The company’s 50 day simple moving average is $69.89 and its 200 day simple moving average is $70.38. The company has a debt-to-equity ratio of 0.46, a current ratio of 1.55 and a quick ratio of 0.90.

Henry Schein (NASDAQ:HSIC) last issued its quarterly earnings results on Tuesday, August 6th. The company reported $1.23 earnings per share (EPS) for the quarter, beating the consensus estimate of $1.22 by $0.01. The company had revenue of $3.10 billion for the quarter, compared to analysts’ expectations of $3.27 billion. Henry Schein had a return on equity of 13.19% and a net margin of 2.82%. The firm’s revenue for the quarter was up .0% on a year-over-year basis. During the same period last year, the firm earned $1.31 EPS. As a group, equities research analysts forecast that Henry Schein, Inc. will post 4.75 EPS for the current fiscal year.

Henry Schein Profile

Henry Schein, Inc provides health care products and services to dental practitioners, laboratories, physician practices, and ambulatory surgery centers, government, institutional health care clinics, and other alternate care clinics worldwide. It operates through two segments, Health Care Distribution, and Technology and Value-Added Services.