Principal Financial Group Inc. Has $5.47 Million Stock Holdings in Owens & Minor, Inc. (NYSE:OMI)

Principal Financial Group Inc. decreased its stake in Owens & Minor, Inc. (NYSE:OMI) by 3.7% in the third quarter, according to its most recent filing with the Securities & Exchange Commission. The firm owned 348,755 shares of the company’s stock after selling 13,443 shares during the quarter. Principal Financial Group Inc. owned 0.45% of Owens & Minor worth $5,472,000 as of its most recent filing with the Securities & Exchange Commission.

A number of other hedge funds also recently bought and sold shares of OMI. DekaBank Deutsche Girozentrale raised its holdings in shares of Owens & Minor by 76.6% during the second quarter. DekaBank Deutsche Girozentrale now owns 3,126 shares of the company’s stock valued at $43,000 after acquiring an additional 1,356 shares during the period. Arizona State Retirement System lifted its holdings in shares of Owens & Minor by 7.7% in the second quarter. Arizona State Retirement System now owns 20,371 shares of the company’s stock valued at $275,000 after purchasing an additional 1,449 shares in the last quarter. Quarry LP boosted its position in shares of Owens & Minor by 290.1% in the second quarter. Quarry LP now owns 2,099 shares of the company’s stock worth $28,000 after buying an additional 1,561 shares during the period. Zurcher Kantonalbank Zurich Cantonalbank grew its holdings in shares of Owens & Minor by 11.9% during the second quarter. Zurcher Kantonalbank Zurich Cantonalbank now owns 15,364 shares of the company’s stock valued at $207,000 after buying an additional 1,630 shares in the last quarter. Finally, The Manufacturers Life Insurance Company raised its position in Owens & Minor by 4.9% during the second quarter. The Manufacturers Life Insurance Company now owns 36,366 shares of the company’s stock valued at $491,000 after buying an additional 1,709 shares during the period. 98.04% of the stock is owned by hedge funds and other institutional investors.

Analyst Upgrades and Downgrades

OMI has been the subject of a number of research reports. Robert W. Baird decreased their price objective on Owens & Minor from $19.00 to $14.00 and set a “neutral” rating for the company in a research report on Tuesday, November 5th. Barclays dropped their price objective on shares of Owens & Minor from $18.00 to $14.00 and set an “equal weight” rating on the stock in a research note on Tuesday, November 5th. UBS Group decreased 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 note on Tuesday, November 5th. Finally, Citigroup cut their price objective 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 analysts have rated the stock with a sell rating, five have issued a hold rating and two have given a buy rating to the stock. According to MarketBeat.com, the company currently has an average rating of “Hold” and a consensus target price of $18.50.

Owens & Minor Trading Up 3.2 %

Shares of NYSE:OMI opened at $13.07 on Thursday. The company has a current ratio of 1.09, a quick ratio of 0.45 and a debt-to-equity ratio of 2.11. The stock has a market capitalization of $1.01 billion, a PE ratio of -20.11, a P/E/G ratio of 0.48 and a beta of 0.42. Owens & Minor, Inc. has a 1 year low of $11.42 and a 1 year high of $28.35. The firm has a fifty day moving average price of $13.12 and a 200 day moving average price of $14.33.

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

Insider Activity at Owens & Minor

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

About Owens & Minor

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.