Franklin Resources Inc. Boosts Stock Position in Owens & Minor, Inc. (NYSE:OMI)

Franklin Resources Inc. lifted its holdings in shares of Owens & Minor, Inc. (NYSE:OMI) by 6.5% in the 3rd quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm owned 61,223 shares of the company’s stock after buying an additional 3,743 shares during the quarter. Franklin Resources Inc. owned approximately 0.08% of Owens & Minor worth $961,000 as of its most recent SEC filing.

A number of other institutional investors have also recently added to or reduced their stakes in OMI. Royce & Associates LP lifted its holdings in Owens & Minor by 179.4% during the third quarter. Royce & Associates LP now owns 80,914 shares of the company’s stock valued at $1,270,000 after purchasing an additional 51,955 shares in the last quarter. Deerfield Management Company L.P. Series C lifted its stake in Owens & Minor by 30.6% in the 2nd quarter. Deerfield Management Company L.P. Series C now owns 6,371,440 shares of the company’s stock valued at $86,014,000 after buying an additional 1,493,852 shares in the last quarter. Renaissance Technologies LLC boosted its holdings in Owens & Minor by 16.5% in the 2nd quarter. Renaissance Technologies LLC now owns 1,246,600 shares of the company’s stock worth $16,829,000 after buying an additional 176,250 shares during the last quarter. Dimensional Fund Advisors LP increased its stake in Owens & Minor by 1.7% during the 2nd quarter. Dimensional Fund Advisors LP now owns 4,534,204 shares of the company’s stock worth $61,213,000 after buying an additional 76,599 shares in the last quarter. Finally, FMR LLC raised its holdings in shares of Owens & Minor by 0.8% during the third quarter. FMR LLC now owns 11,564,624 shares of the company’s stock valued at $181,449,000 after acquiring an additional 90,862 shares during the last quarter. Institutional investors and hedge funds own 98.04% of the company’s stock.

Analyst Ratings Changes

OMI has been the topic of a number of research analyst reports. Robert W. Baird lowered their price target on Owens & Minor from $19.00 to $14.00 and set a “neutral” rating on the stock in a research note on Tuesday, November 5th. Citigroup lowered their target price on shares of Owens & Minor from $21.00 to $18.50 and set a “buy” rating on the stock in a research note on Tuesday, November 5th. UBS Group reduced their target price on shares of Owens & Minor from $28.00 to $25.00 and set a “buy” rating for the company in a research report on Tuesday, November 5th. Finally, Barclays lowered their price target on shares of Owens & Minor from $18.00 to $14.00 and set an “equal weight” rating on the stock in a research report on Tuesday, November 5th. Two equities research analysts have rated the stock with a sell rating, five have given a hold rating and two have given a buy rating to the company. Based on data from MarketBeat.com, the company has an average rating of “Hold” and a consensus price target of $18.50.

Insider Transactions at Owens & Minor

In other Owens & Minor news, CFO Jonathan A. Leon sold 5,282 shares of the company’s stock in a transaction dated Thursday, November 21st. The shares were sold at an average price of $11.82, for a total value of $62,433.24. Following the transaction, the chief financial officer now owns 130,822 shares of the company’s stock, valued at $1,546,316.04. This represents a 3.88 % decrease in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which is available through this link. Company insiders own 3.59% of the company’s stock.

Owens & Minor Price Performance

Shares of OMI stock opened at $12.95 on Friday. The company has a debt-to-equity ratio of 2.11, a current ratio of 1.09 and a quick ratio of 0.45. The company has a market capitalization of $998.56 million, a PE ratio of -19.92, a price-to-earnings-growth ratio of 0.48 and a beta of 0.42. The firm’s 50-day moving average is $13.15 and its two-hundred day moving average is $14.41. Owens & Minor, Inc. has a 12 month low of $11.42 and a 12 month high of $28.35.

Owens & Minor (NYSE:OMI) last released its quarterly earnings results on Monday, November 4th. The company reported $0.42 EPS for the quarter, beating the consensus estimate of $0.41 by $0.01. The firm had revenue of $2.72 billion for the quarter, compared to analyst estimates of $2.68 billion. Owens & Minor had a negative net margin of 0.46% and a positive return on equity of 14.60%. The business’s revenue for the quarter was up 5.0% compared to the same quarter last year. During the same quarter in the previous year, the company earned $0.44 EPS. Analysts predict that Owens & Minor, Inc. will post 1.49 earnings per share for the current year.

Owens & Minor Company Profile

Owens & Minor, Inc, together with its subsidiaries, operates as a healthcare solutions company worldwide. It operates through Products & Healthcare Services and Patient Direct segments. The Products & Healthcare Services segment offers a portfolio of products and services to healthcare providers and manufacturers.