Jefferies Group LLC restated their hold rating on shares of Owens & Minor, Inc. (NYSE:OMI) in a report issued on Wednesday. They currently have a $32.00 price target on the stock, down from their previous price target of $36.00. Jefferies Group also issued estimates for Owens & Minor’s Q3 2017 earnings at $0.50 EPS, Q4 2017 earnings at $0.54 EPS and FY2018 earnings at $2.20 EPS.

Several other research analysts also recently weighed in on OMI. Zacks Investment Research upgraded shares of Owens & Minor from a hold rating to a buy rating and set a $34.00 price target on the stock in a research report on Friday, August 4th. UBS AG reiterated a sell rating and issued a $29.50 price target (down from $30.50) on shares of Owens & Minor in a research report on Thursday, August 3rd. BidaskClub downgraded shares of Owens & Minor from a sell rating to a strong sell rating in a research report on Saturday, August 5th. Finally, TheStreet downgraded shares of Owens & Minor from a b rating to a c+ rating in a research report on Thursday, May 4th. Three equities research analysts have rated the stock with a sell rating, one has issued a hold rating and one has given a buy rating to the stock. The company currently has a consensus rating of Hold and an average target price of $31.88.

Owens & Minor (NYSE:OMI) traded up 0.36% during midday trading on Wednesday, hitting $28.25. 868,995 shares of the company were exchanged. The stock has a market capitalization of $1.73 billion, a price-to-earnings ratio of 17.97 and a beta of 1.01. Owens & Minor has a 1-year low of $27.98 and a 1-year high of $37.02. The stock has a 50 day moving average of $31.26 and a 200-day moving average of $33.38.

Owens & Minor (NYSE:OMI) last issued its quarterly earnings data on Tuesday, August 1st. The company reported $0.43 earnings per share for the quarter, meeting the Zacks’ consensus estimate of $0.43. Owens & Minor had a net margin of 1.02% and a return on equity of 11.64%. The company had revenue of $2.27 billion for the quarter, compared to the consensus estimate of $2.38 billion. During the same quarter in the prior year, the firm earned $0.52 earnings per share. The firm’s revenue for the quarter was down 8.8% compared to the same quarter last year. Equities analysts expect that Owens & Minor will post $1.92 earnings per share for the current year.

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The firm also recently declared a quarterly dividend, which will be paid on Friday, September 29th. Shareholders of record on Friday, September 15th will be given a $0.2575 dividend. The ex-dividend date of this dividend is Thursday, September 14th. This represents a $1.03 annualized dividend and a yield of 3.65%. Owens & Minor’s payout ratio is presently 65.19%.

In other Owens & Minor news, SVP Erika T. Davis sold 9,317 shares of the stock in a transaction that occurred on Tuesday, May 23rd. The shares were sold at an average price of $32.26, for a total value of $300,566.42. Following the transaction, the senior vice president now directly owns 63,979 shares in the company, valued at $2,063,962.54. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. Also, EVP Rony Camil Kordahi sold 2,231 shares of the stock in a transaction that occurred on Wednesday, May 24th. The stock was sold at an average price of $32.07, for a total transaction of $71,548.17. Following the completion of the transaction, the executive vice president now owns 27,555 shares in the company, valued at $883,688.85. The disclosure for this sale can be found here. 1.68% of the stock is currently owned by company insiders.

Hedge funds and other institutional investors have recently added to or reduced their stakes in the company. Meadow Creek Investment Management LLC increased its stake in shares of Owens & Minor by 23.0% in the first quarter. Meadow Creek Investment Management LLC now owns 3,300 shares of the company’s stock valued at $114,000 after buying an additional 616 shares during the last quarter. Creative Planning increased its stake in shares of Owens & Minor by 2.9% in the second quarter. Creative Planning now owns 4,021 shares of the company’s stock valued at $129,000 after buying an additional 113 shares during the last quarter. Glen Harbor Capital Management LLC increased its stake in shares of Owens & Minor by 23.0% in the first quarter. Glen Harbor Capital Management LLC now owns 4,200 shares of the company’s stock valued at $145,000 after buying an additional 784 shares during the last quarter. LS Investment Advisors LLC increased its stake in shares of Owens & Minor by 17.1% in the second quarter. LS Investment Advisors LLC now owns 4,987 shares of the company’s stock valued at $161,000 after buying an additional 727 shares during the last quarter. Finally, Elkfork Partners LLC increased its stake in shares of Owens & Minor by 23.0% in the first quarter. Elkfork Partners LLC now owns 5,100 shares of the company’s stock valued at $176,000 after buying an additional 952 shares during the last quarter. Institutional investors and hedge funds own 96.05% of the company’s stock.

About Owens & Minor

Owens & Minor, Inc is a healthcare services company that connects the world of medical products to the point of care. The Company provides supply chain assistance to the providers of healthcare services and the manufacturers of healthcare products, supplies and devices. The Company’s segments include Domestic, International and Clinical & Procedural Solutions (CPS).

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