KLP Kapitalforvaltning AS Has $1.65 Million Stock Holdings in Henry Schein, Inc. (NASDAQ:HSIC)

Key Points

• KLP Kapitalforvaltning AS reduced its stake in Henry Schein, Inc. by 46.7%, selling 21,102 shares and now holding 24,100 shares worth approximately $1.65 million.
• Henry Schein's shares are currently down 1.6%, with a market cap of $8.70 billion and a P/E ratio of 22.33.
• Recent analyst ratings highlight a consensus rating of "Hold" with a price target around $78.08, reflecting cautious sentiment among analysts about the stock's future performance.

KLP Kapitalforvaltning AS cut its holdings in Henry Schein, Inc. (NASDAQ:HSIC - Free Report) by 46.7% in the first quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor owned 24,100 shares of the company's stock after selling 21,102 shares during the period. KLP Kapitalforvaltning AS's holdings in Henry Schein were worth $1,651,000 at the end of the most recent reporting period.

A number of other large investors have also recently bought and sold shares of the business. Invesco Ltd. lifted its position in Henry Schein by 0.4% during the 4th quarter. Invesco Ltd. now owns 4,963,409 shares of the company's stock worth $343,468,000 after acquiring an additional 17,552 shares during the last quarter. FMR LLC lifted its position in Henry Schein by 6.6% during the 4th quarter. FMR LLC now owns 3,498,033 shares of the company's stock worth $242,064,000 after acquiring an additional 217,143 shares during the last quarter. Geode Capital Management LLC lifted its position in Henry Schein by 0.5% during the 4th quarter. Geode Capital Management LLC now owns 3,169,033 shares of the company's stock worth $218,762,000 after acquiring an additional 14,876 shares during the last quarter. Palestra Capital Management LLC acquired a new position in Henry Schein during the 4th quarter worth $182,988,000. Finally, Fiduciary Management Inc. WI lifted its position in Henry Schein by 7.2% during the 4th quarter. Fiduciary Management Inc. WI now owns 2,488,335 shares of the company's stock worth $172,193,000 after acquiring an additional 167,990 shares during the last quarter. 96.62% of the stock is currently owned by institutional investors.

Henry Schein Trading Down 0.7%

Shares of NASDAQ HSIC traded down $0.47 during midday trading on Wednesday, reaching $69.58. 1,666,700 shares of the stock were exchanged, compared to its average volume of 1,559,280. The business has a 50-day simple moving average of $71.81 and a two-hundred day simple moving average of $71.38. The company has a market capitalization of $8.47 billion, a price-to-earnings ratio of 21.74, a P/E/G ratio of 2.26 and a beta of 0.87. Henry Schein, Inc. has a 12 month low of $60.56 and a 12 month high of $82.49. The company has a debt-to-equity ratio of 0.50, a current ratio of 1.38 and a quick ratio of 0.75.

Henry Schein (NASDAQ:HSIC - Get Free Report) last announced its quarterly earnings results on Monday, May 5th. The company reported $1.15 earnings per share for the quarter, topping analysts' consensus estimates of $1.11 by $0.04. The company had revenue of $3.17 billion for the quarter, compared to analysts' expectations of $3.24 billion. Henry Schein had a net margin of 3.21% and a return on equity of 14.87%. The business's quarterly revenue was down .1% compared to the same quarter last year. During the same period last year, the firm posted $1.10 earnings per share. As a group, equities research analysts expect that Henry Schein, Inc. will post 4.74 EPS for the current year.

Wall Street Analysts Forecast Growth

A number of research firms have weighed in on HSIC. Baird R W lowered shares of Henry Schein from a "strong-buy" rating to a "hold" rating in a research report on Monday, July 14th. Stifel Nicolaus reaffirmed a "hold" rating and set a $75.00 price objective (down previously from $80.00) on shares of Henry Schein in a research report on Friday, July 25th. Wall Street Zen lowered shares of Henry Schein from a "buy" rating to a "hold" rating in a research report on Thursday, April 17th. Wells Fargo & Company cut their price objective on shares of Henry Schein from $80.00 to $75.00 and set an "equal weight" rating for the company in a research report on Tuesday, May 6th. Finally, Evercore ISI upped their price objective on shares of Henry Schein from $72.00 to $78.00 and gave the company an "in-line" rating in a research report on Wednesday, July 9th. Nine analysts have rated the stock with a hold rating and four have issued a buy rating to the company's stock. Based on data from MarketBeat.com, Henry Schein has an average rating of "Hold" and an average price target of $78.08.

Henry Schein Profile

Henry Schein, Inc provides health care products and services to dental practitioners, laboratories, physician practices, and ambulatory surgery centers, government, institutional health care clinics, and other alternate care clinics worldwide. It operates through two segments, Health Care Distribution, and Technology and Value-Added Services.