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

Principal Financial Group Inc. boosted its position in shares of Henry Schein, Inc. (NASDAQ:HSIC) by 2.1% in the third quarter, according to the company in its most recent disclosure with the SEC. The firm owned 145,835 shares of the company’s stock after purchasing an additional 3,037 shares during the quarter. Principal Financial Group Inc. owned 0.12% of Henry Schein worth $10,631,000 as of its most recent SEC filing.

Several other large investors have also recently bought and sold shares of the company. American Century Companies Inc. grew its position in shares of Henry Schein by 3.1% in the 2nd quarter. American Century Companies Inc. now owns 5,484,286 shares of the company’s stock valued at $351,543,000 after purchasing an additional 162,477 shares during the period. FMR LLC boosted its holdings in shares of Henry Schein by 7.8% in the third quarter. FMR LLC now owns 3,280,890 shares of the company’s stock valued at $239,177,000 after buying an additional 237,888 shares during the period. Southpoint Capital Advisors LP increased its position in shares of Henry Schein by 30.0% during the third quarter. Southpoint Capital Advisors LP now owns 2,600,000 shares of the company’s stock worth $189,540,000 after acquiring an additional 600,000 shares in the last quarter. Nuance Investments LLC raised its holdings in shares of Henry Schein by 22.3% during the third quarter. Nuance Investments LLC now owns 2,278,081 shares of the company’s stock worth $166,072,000 after acquiring an additional 414,748 shares during the period. Finally, Burgundy Asset Management Ltd. raised its holdings in shares of Henry Schein by 1.0% during the second quarter. Burgundy Asset Management Ltd. now owns 1,640,379 shares of the company’s stock worth $105,148,000 after acquiring an additional 16,476 shares during the period. Institutional investors own 96.62% of the company’s stock.

Analyst Ratings Changes

A number of equities analysts have issued reports on the company. Mizuho initiated coverage on Henry Schein in a report on Wednesday, December 4th. They set a “neutral” rating and a $75.00 target price for the company. Barrington Research reiterated an “outperform” rating and set a $82.00 price objective on shares of Henry Schein in a report on Wednesday, November 6th. StockNews.com upgraded Henry Schein from a “sell” rating to a “hold” rating in a research note on Thursday, November 7th. Finally, Evercore ISI raised their price target on shares of Henry Schein from $70.00 to $74.00 and gave the stock an “in-line” rating in a research note on Tuesday, October 8th. Seven research analysts have rated the stock with a hold rating, four have issued a buy rating and one has assigned a strong buy rating to the company’s stock. Based on data from MarketBeat, the stock currently has a consensus rating of “Moderate Buy” and an average target price of $78.89.

Henry Schein Price Performance

Shares of HSIC opened at $69.17 on Tuesday. The company has a current ratio of 1.42, a quick ratio of 0.82 and a debt-to-equity ratio of 0.46. The company’s fifty day simple moving average is $72.21 and its 200 day simple moving average is $70.25. Henry Schein, Inc. has a 1-year low of $63.67 and a 1-year high of $82.63. The company has a market cap of $8.62 billion, a price-to-earnings ratio of 28.47, a PEG ratio of 2.31 and a beta of 0.87.

Henry Schein (NASDAQ:HSIC) last released its quarterly earnings data on Tuesday, November 5th. The company reported $1.22 earnings per share for the quarter, topping the consensus estimate of $1.17 by $0.05. Henry Schein had a net margin of 2.51% and a return on equity of 12.90%. The company had revenue of $3.17 billion for the quarter, compared to analyst estimates of $3.24 billion. During the same period in the previous year, the business earned $1.32 EPS. Henry Schein’s revenue for the quarter was up .4% compared to the same quarter last year. On average, research analysts forecast that Henry Schein, Inc. will post 4.78 earnings per share for the current fiscal year.

Insiders Place Their Bets

In other news, COO Michael S. Ettinger sold 12,240 shares of the firm’s stock in a transaction dated Monday, November 18th. The shares were sold at an average price of $75.00, for a total transaction of $918,000.00. Following the completion of the sale, the chief operating officer now owns 87,706 shares in the company, valued at approximately $6,577,950. This trade represents a 12.25 % decrease in their position. The transaction was disclosed in a filing with the SEC, which can be accessed through this link. Company 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.