Principal Financial Group Inc. Purchases 3,037 Shares of Henry Schein, Inc. (NASDAQ:HSIC)

Principal Financial Group Inc. raised its stake in Henry Schein, Inc. (NASDAQ:HSIC) by 2.1% during the third quarter, according to the company in its most recent Form 13F filing with the SEC. The institutional investor owned 145,835 shares of the company’s stock after buying an additional 3,037 shares during the quarter. Principal Financial Group Inc. owned about 0.11% of Henry Schein worth $10,631,000 at the end of the most recent reporting period.

Several other institutional investors and hedge funds also recently made changes to their positions in HSIC. Swedbank AB acquired a new position in shares of Henry Schein in the first quarter valued at approximately $215,998,000. Thompson Siegel & Walmsley LLC acquired a new position in shares of Henry Schein in the second quarter valued at approximately $46,683,000. SG Americas Securities LLC boosted its holdings in Henry Schein by 1,622.3% during the third quarter. SG Americas Securities LLC now owns 458,828 shares of the company’s stock worth $33,449,000 after purchasing an additional 432,187 shares during the last quarter. Private Management Group Inc. acquired a new position in Henry Schein during the third quarter worth $24,176,000. Finally, Magnetar Financial LLC boosted its holdings in Henry Schein by 229.9% during the first quarter. Magnetar Financial LLC now owns 386,458 shares of the company’s stock worth $29,185,000 after purchasing an additional 269,330 shares during the last quarter. Institutional investors and hedge funds own 96.62% of the company’s stock.

Wall Street Analysts Forecast Growth

Several research analysts recently commented on HSIC shares. Barrington Research restated an “outperform” rating and set a $82.00 target price on shares of Henry Schein in a report on Wednesday, November 6th. Baird R W raised shares of Henry Schein from a “hold” rating to a “strong-buy” rating in a research report on Monday, July 22nd. Robert W. Baird dropped their price objective on shares of Henry Schein from $92.00 to $82.00 and set an “outperform” rating on the stock in a research report on Wednesday, August 7th. UBS Group dropped their price objective on shares of Henry Schein from $75.00 to $72.00 and set a “neutral” rating on the stock in a research report on Wednesday, August 7th. Finally, Evercore ISI increased their price objective on shares of Henry Schein from $70.00 to $74.00 and gave the company an “in-line” rating in a research report on Tuesday, October 8th. Six investment analysts have rated the stock with a hold rating, five have issued a buy rating and one has given a strong buy rating to the company. According to MarketBeat, the stock presently has a consensus rating of “Moderate Buy” and an average target price of $78.89.

Henry Schein Trading Up 3.3 %

HSIC stock opened at $68.76 on Monday. The company has a debt-to-equity ratio of 0.46, a quick ratio of 0.82 and a current ratio of 1.42. The company’s 50-day simple moving average is $70.30 and its 200 day simple moving average is $69.57. Henry Schein, Inc. has a 52 week low of $63.67 and a 52 week high of $82.63. The company has a market capitalization of $8.57 billion, a PE ratio of 28.30, a price-to-earnings-growth ratio of 1.97 and a beta of 0.87.

Henry Schein (NASDAQ:HSIC) last released its quarterly earnings results on Tuesday, November 5th. The company reported $1.22 EPS for the quarter, beating the consensus estimate of $1.17 by $0.05. The business had revenue of $3.17 billion for the quarter, compared to the consensus estimate of $3.24 billion. Henry Schein had a net margin of 2.51% and a return on equity of 12.90%. Henry Schein’s revenue was up .4% compared to the same quarter last year. During the same period in the prior year, the company posted $1.32 earnings per share. As a group, sell-side analysts anticipate that Henry Schein, Inc. will post 4.78 earnings per share for the current year.

Insiders Place Their Bets

In other Henry Schein news, SVP Lorelei Mcglynn sold 21,035 shares of the 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 sale, the senior vice president now directly owns 71,833 shares in the company, valued at $4,978,026.90. This represents a 22.65 % decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which is available at the SEC website. Corporate insiders own 1.14% of the company’s stock.

About Henry Schein

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.