Federated Hermes Inc. Buys New Holdings in Owens & Minor, Inc. (NYSE:OMI)

Federated Hermes Inc. acquired a new stake in Owens & Minor, Inc. (NYSE:OMI - Free Report) in the 1st quarter, according to its most recent filing with the SEC. The fund acquired 428,598 shares of the company's stock, valued at approximately $3,870,000. Federated Hermes Inc. owned 0.55% of Owens & Minor as of its most recent filing with the SEC.

Several other institutional investors and hedge funds also recently made changes to their positions in OMI. Sei Investments Co. bought a new stake in Owens & Minor in the 4th quarter valued at approximately $418,000. KLP Kapitalforvaltning AS acquired a new position in Owens & Minor during the fourth quarter valued at approximately $256,000. LPL Financial LLC acquired a new position in shares of Owens & Minor during the 4th quarter worth approximately $617,000. Vanguard Group Inc. raised its stake in shares of Owens & Minor by 1.2% during the 4th quarter. Vanguard Group Inc. now owns 8,915,756 shares of the company's stock worth $116,529,000 after purchasing an additional 107,092 shares in the last quarter. Finally, JPMorgan Chase & Co. increased its holdings in Owens & Minor by 29.6% during the fourth quarter. JPMorgan Chase & Co. now owns 488,497 shares of the company's stock worth $6,385,000 after buying an additional 111,667 shares during the last quarter. Institutional investors and hedge funds own 98.04% of the company's stock.

Analyst Ratings Changes

A number of brokerages have weighed in on OMI. Robert W. Baird boosted their price target on Owens & Minor from $9.00 to $10.00 and gave the stock a "neutral" rating in a research report on Friday, June 6th. Citigroup decreased their target price on Owens & Minor from $13.00 to $11.00 and set a "buy" rating on the stock in a report on Thursday, April 17th. One analyst has rated the stock with a sell rating, three have assigned a hold rating and two have assigned a buy rating to the stock. Based on data from MarketBeat, the stock has a consensus rating of "Hold" and an average price target of $11.60.

Owens & Minor Trading Down 1.5%

Shares of Owens & Minor stock traded down $0.10 on Wednesday, hitting $6.42. 1,256,613 shares of the company's stock traded hands, compared to its average volume of 1,446,967. The company has a fifty day moving average of $7.80 and a two-hundred day moving average of $8.35. Owens & Minor, Inc. has a one year low of $6.07 and a one year high of $16.63. The company has a market capitalization of $495.56 million, a price-to-earnings ratio of -1.35, a price-to-earnings-growth ratio of 0.30 and a beta of 1.04. The company has a debt-to-equity ratio of 3.32, a current ratio of 1.13 and a quick ratio of 0.41.

Owens & Minor (NYSE:OMI - Get Free Report) last issued its quarterly earnings data on Saturday, May 10th. The company reported $0.23 earnings per share (EPS) for the quarter, topping analysts' consensus estimates of $0.20 by $0.03. Owens & Minor had a negative net margin of 3.41% and a positive return on equity of 17.09%. During the same period in the prior year, the business posted $0.19 earnings per share. The firm's revenue was up .7% on a year-over-year basis. As a group, sell-side analysts expect that Owens & Minor, Inc. will post 1.51 earnings per share for the current year.

About Owens & Minor

Owens & Minor, Inc is a healthcare solutions company, which engages in the product manufacturing and delivery, home health supply, and perioperative services to support care through the hospital and into the home. It operates through the Products and Healthcare Services, and Patient Direct segments.