Owens & Minor, Inc. (NYSE:OMI)’s share price traded up 6.6% during trading on Tuesday . The company traded as high as $5.29 and last traded at $5.14, 1,779,273 shares traded hands during trading. An increase of 17% from the average session volume of 1,517,709 shares. The stock had previously closed at $4.82.

A number of equities analysts have commented on the stock. ValuEngine upgraded shares of Owens & Minor from a “sell” rating to a “hold” rating in a research report on Thursday, August 8th. Zacks Investment Research downgraded shares of Owens & Minor from a “buy” rating to a “hold” rating in a research report on Saturday. One research analyst has rated the stock with a sell rating and six have issued a hold rating to the company’s stock. The stock has a consensus rating of “Hold” and a consensus target price of $6.13.

The stock has a market cap of $303.47 million, a P/E ratio of 4.47, a PEG ratio of 2.08 and a beta of 1.74. The company has a current ratio of 1.68, a quick ratio of 0.84 and a debt-to-equity ratio of 3.60. The stock has a 50-day simple moving average of $3.19.

Owens & Minor (NYSE:OMI) last announced its quarterly earnings data on Wednesday, August 7th. The company reported $0.10 EPS for the quarter, topping the Zacks’ consensus estimate of $0.07 by $0.03. The company had revenue of $2.48 billion during the quarter, compared to the consensus estimate of $2.44 billion. Owens & Minor had a negative net margin of 2.88% and a positive return on equity of 5.53%. Owens & Minor’s quarterly revenue was up 1.1% on a year-over-year basis. During the same quarter in the prior year, the firm earned $0.32 EPS. As a group, equities research analysts forecast that Owens & Minor, Inc. will post 0.64 EPS for the current fiscal year.

The business also recently declared a quarterly dividend, which will be paid on Monday, September 30th. Stockholders of record on Monday, September 16th will be paid a dividend of $0.002 per share. The ex-dividend date is Friday, September 13th. This represents a $0.01 dividend on an annualized basis and a dividend yield of 0.16%. Owens & Minor’s dividend payout ratio (DPR) is presently 0.87%.

Several large investors have recently bought and sold shares of OMI. Northern Trust Corp lifted its position in shares of Owens & Minor by 0.9% during the fourth quarter. Northern Trust Corp now owns 811,604 shares of the company’s stock worth $5,138,000 after acquiring an additional 7,069 shares in the last quarter. Geode Capital Management LLC raised its position in shares of Owens & Minor by 12.4% in the fourth quarter. Geode Capital Management LLC now owns 660,313 shares of the company’s stock worth $4,179,000 after buying an additional 72,726 shares in the last quarter. Metropolitan Life Insurance Co. NY raised its position in shares of Owens & Minor by 360.9% in the fourth quarter. Metropolitan Life Insurance Co. NY now owns 19,967 shares of the company’s stock worth $126,000 after buying an additional 15,635 shares in the last quarter. Municipal Employees Retirement System of Michigan purchased a new stake in shares of Owens & Minor in the fourth quarter worth $114,000. Finally, Jane Street Group LLC purchased a new stake in shares of Owens & Minor in the fourth quarter worth $184,000. 88.03% of the stock is currently owned by institutional investors and hedge funds.

About Owens & Minor (NYSE:OMI)

Owens & Minor, Inc, together with its subsidiaries, operates as a healthcare solutions company in the United States and internationally. It operates through two segments, Global Solutions and Global Products. The Global Solutions segment offers a portfolio of products and services to healthcare providers and manufacturers.

Further Reading: Gross Domestic Product (GDP)

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