Owens & Minor (NYSE:OMI) Trading 9.3% Higher – Still a Buy?

Shares of Owens & Minor, Inc. (NYSE:OMI) rose 9.3% on Monday . The company traded as high as $13.58 and last traded at $13.50. Approximately 215,771 shares were traded during trading, a decline of 74% from the average daily volume of 822,156 shares. The stock had previously closed at $12.35.

Analysts Set New Price Targets

A number of research firms have recently commented on OMI. Barclays lowered their target price on Owens & Minor from $18.00 to $14.00 and set an “equal weight” rating for the company in a research note on Tuesday, November 5th. Citigroup dropped their target price on shares of Owens & Minor from $21.00 to $18.50 and set a “buy” rating on the stock in a report on Tuesday, November 5th. UBS Group decreased their price target 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. StockNews.com lowered shares of Owens & Minor from a “buy” rating to a “hold” rating in a research note on Monday, August 26th. Finally, Robert W. Baird decreased their target price on shares of Owens & Minor from $19.00 to $14.00 and set a “neutral” rating for the company in a research note 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 issued a buy rating to the company’s stock. Based on data from MarketBeat, the stock has an average rating of “Hold” and an average price target of $18.50.

Owens & Minor Price Performance

The firm has a market capitalization of $1.05 billion, a P/E ratio of -20.46, a PEG ratio of 0.43 and a beta of 0.41. The firm has a 50-day moving average of $13.75 and a 200-day moving average of $15.16. The company has a debt-to-equity ratio of 2.11, a quick ratio of 0.45 and a current ratio of 1.09.

Owens & Minor (NYSE:OMI) last released its quarterly earnings data on Monday, November 4th. The company reported $0.42 EPS for the quarter, beating 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 for the quarter, compared to analysts’ expectations of $2.68 billion. During the same period last year, the firm posted $0.44 earnings per share. Owens & Minor’s revenue was up 5.0% compared to the same quarter last year. As a group, analysts predict that Owens & Minor, Inc. will post 1.49 EPS for the current 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 dated Thursday, November 21st. The stock was sold at an average price of $11.82, for a total value of $62,433.24. Following the transaction, the chief financial officer now directly owns 130,822 shares of the company’s stock, valued at approximately $1,546,316.04. This trade represents a 3.88 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which is accessible through this hyperlink. 2.62% of the stock is owned by insiders.

Institutional Inflows and Outflows

Large investors have recently made changes to their positions in the stock. State Board of Administration of Florida Retirement System lifted its holdings in Owens & Minor by 20.3% during the first quarter. State Board of Administration of Florida Retirement System now owns 25,501 shares of the company’s stock valued at $707,000 after purchasing an additional 4,300 shares in the last quarter. Vanguard Group Inc. boosted its holdings in Owens & Minor by 1.9% in the 1st quarter. Vanguard Group Inc. now owns 8,749,866 shares of the company’s stock worth $242,459,000 after buying an additional 162,182 shares during the period. Price T Rowe Associates Inc. MD increased its stake in Owens & Minor by 5.9% in the 1st quarter. Price T Rowe Associates Inc. MD now owns 48,286 shares of the company’s stock worth $1,339,000 after buying an additional 2,671 shares in the last quarter. Public Employees Retirement System of Ohio bought a new stake in Owens & Minor during the first quarter valued at about $120,000. Finally, Burney Co. bought a new position in shares of Owens & Minor in the first quarter worth about $271,000. 98.04% of the stock is owned by hedge funds and other institutional investors.

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.