Public Sector Pension Investment Board Raises Stock Position in Owens & Minor, Inc. $OMI

Key Points

• Public Sector Pension Investment Board increased its holdings in Owens & Minor, Inc. (OMI) by 27.3%, owning approximately 0.30% of the company valued at $2,117,000 as of the latest SEC filing.
• Owens & Minor missed analysts' earnings estimates for the latest quarter, reporting $0.26 EPS against a consensus of $0.27, with revenue also falling short at $681.90 million compared to expectations of $2.73 billion.
• Analysts have set a variety of target prices for Owens & Minor, with recent downgrades from $10.00 to $7.00 and $7.50 to $4.75, reflecting a cautious outlook on the stock.

Public Sector Pension Investment Board grew its position in Owens & Minor, Inc. (NYSE:OMI - Free Report) by 27.3% during the first quarter, according to the company in its most recent 13F filing with the SEC. The fund owned 234,393 shares of the company's stock after purchasing an additional 50,275 shares during the quarter. Public Sector Pension Investment Board owned approximately 0.30% of Owens & Minor worth $2,117,000 as of its most recent filing with the SEC.

A number of other institutional investors also recently modified their holdings of the company. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. raised its holdings in shares of Owens & Minor by 4.0% in the fourth quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. now owns 42,930 shares of the company's stock valued at $561,000 after purchasing an additional 1,662 shares during the last quarter. Sterling Capital Management LLC raised its holdings in shares of Owens & Minor by 758.3% in the fourth quarter. Sterling Capital Management LLC now owns 2,060 shares of the company's stock valued at $27,000 after purchasing an additional 1,820 shares during the last quarter. Legal & General Group Plc raised its holdings in shares of Owens & Minor by 0.9% in the fourth quarter. Legal & General Group Plc now owns 212,061 shares of the company's stock valued at $2,772,000 after purchasing an additional 1,991 shares during the last quarter. Tower Research Capital LLC TRC raised its holdings in shares of Owens & Minor by 11.6% in the fourth quarter. Tower Research Capital LLC TRC now owns 20,259 shares of the company's stock valued at $265,000 after purchasing an additional 2,112 shares during the last quarter. Finally, Versant Capital Management Inc raised its holdings in shares of Owens & Minor by 537.6% in the first quarter. Versant Capital Management Inc now owns 3,201 shares of the company's stock valued at $29,000 after purchasing an additional 2,699 shares during the last quarter. 98.04% of the stock is owned by institutional investors.

Owens & Minor Price Performance

NYSE:OMI traded down $0.13 during mid-day trading on Tuesday, hitting $5.01. 1,636,885 shares of the stock traded hands, compared to its average volume of 2,001,031. The business's 50-day moving average price is $7.25 and its 200 day moving average price is $7.59. The company has a market cap of $386.59 million, a PE ratio of -0.32 and a beta of 1.04. Owens & Minor, Inc. has a 12-month low of $4.56 and a 12-month high of $16.47. The company has a quick ratio of 0.83, a current ratio of 0.86 and a debt-to-equity ratio of 3.32.

Owens & Minor (NYSE:OMI - Get Free Report) last issued its quarterly earnings data on Monday, August 11th. The company reported $0.26 EPS for the quarter, missing the consensus estimate of $0.27 by ($0.01). Owens & Minor had a negative net margin of 13.78% and a positive return on equity of 26.59%. The firm had revenue of $681.90 million for the quarter, compared to analysts' expectations of $2.73 billion. During the same period in the prior year, the firm posted $0.36 EPS. Owens & Minor's revenue was up 3.3% on a year-over-year basis. Owens & Minor has set its FY 2025 guidance at 1.020-1.070 EPS. On average, analysts expect that Owens & Minor, Inc. will post 1.51 EPS for the current fiscal year.

Insider Buying and Selling at Owens & Minor

In other Owens & Minor news, major shareholder Coliseum Capital Management, L acquired 492,852 shares of the stock in a transaction dated Thursday, August 14th. The stock was purchased at an average cost of $5.31 per share, for a total transaction of $2,617,044.12. Following the acquisition, the insider owned 13,100,807 shares in the company, valued at $69,565,285.17. The trade was a 3.91% increase in their position. The acquisition was disclosed in a legal filing with the SEC, which is available at this link. In the last three months, insiders have purchased 1,537,852 shares of company stock valued at $8,099,544. Insiders own 3.69% of the company's stock.

Analyst Ratings Changes

OMI has been the subject of a number of research analyst reports. JPMorgan Chase & Co. set a $10.00 price objective on shares of Owens & Minor in a report on Monday, August 11th. Baird R W upgraded shares of Owens & Minor from a "hold" rating to a "strong-buy" rating in a report on Friday, August 8th. Bank of America decreased their price objective on shares of Owens & Minor from $7.50 to $4.75 and set an "underperform" rating for the company in a report on Tuesday, August 12th. Robert W. Baird decreased their price objective on shares of Owens & Minor from $10.00 to $7.00 and set an "outperform" rating for the company in a report on Tuesday, August 12th. Finally, UBS Group set a $7.00 price objective on shares of Owens & Minor in a report on Wednesday, August 13th. One equities research analyst has rated the stock with a Strong Buy rating, three have assigned a Buy rating, one has assigned a Hold rating and two have issued a Sell rating to the company. According to MarketBeat.com, the company has an average rating of "Hold" and an average price target of $8.29.

Owens & Minor Company Profile

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.