Vanguard Group Inc. Has $82.69 Million Stake in Owens & Minor, Inc. $OMI

Key Points

• Vanguard Group Inc. has increased its holdings in Owens & Minor, Inc. by 2.7%, now owning 9,156,759 shares valued at approximately $82.7 million.
• Meanwhile, Owens & Minor's recent earnings report showed a missed estimate with $0.26 EPS compared to a consensus of $0.27, and revenue of $681.9 million, significantly lower than expected.
• Analysts have mixed opinions on the stock, with one upgrading it to a "strong-buy" rating while others have set price targets ranging from $7.00 to $10.00.

Vanguard Group Inc. boosted its holdings in Owens & Minor, Inc. (NYSE:OMI - Free Report) by 2.7% during the 1st quarter, according to the company in its most recent disclosure with the SEC. The fund owned 9,156,759 shares of the company's stock after buying an additional 241,003 shares during the quarter. Vanguard Group Inc. owned 11.85% of Owens & Minor worth $82,686,000 as of its most recent SEC filing.

Other hedge funds have also recently added to or reduced their stakes in the company. Sterling Capital Management LLC grew its position in Owens & Minor by 758.3% in the fourth quarter. Sterling Capital Management LLC now owns 2,060 shares of the company's stock worth $27,000 after buying an additional 1,820 shares during the last quarter. Versant Capital Management Inc boosted its stake in Owens & Minor by 537.6% in the 1st quarter. Versant Capital Management Inc now owns 3,201 shares of the company's stock worth $29,000 after purchasing an additional 2,699 shares during the period. Parallel Advisors LLC boosted its stake in Owens & Minor by 1,387.0% in the 1st quarter. Parallel Advisors LLC now owns 3,316 shares of the company's stock worth $30,000 after purchasing an additional 3,093 shares during the period. GAMMA Investing LLC boosted its stake in Owens & Minor by 713.4% in the 1st quarter. GAMMA Investing LLC now owns 9,265 shares of the company's stock worth $84,000 after purchasing an additional 8,126 shares during the period. Finally, Teacher Retirement System of Texas acquired a new position in Owens & Minor in the 1st quarter worth approximately $96,000. Institutional investors and hedge funds own 98.04% of the company's stock.

Wall Street Analysts Forecast Growth

A number of research firms recently commented on OMI. Citigroup reaffirmed a "buy" rating and issued a $7.00 price objective (down previously from $11.00) on shares of Owens & Minor in a research note on Tuesday, August 12th. Baird R W raised shares of Owens & Minor from a "hold" rating to a "strong-buy" rating in a research note 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 research note 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 research note on Tuesday, August 12th. Finally, JPMorgan Chase & Co. decreased their price objective on shares of Owens & Minor from $7.00 to $6.00 and set an "underweight" rating for the company in a research note on Wednesday. One research analyst has rated the stock with a Strong Buy rating, three have assigned a Buy rating, one has given a Hold rating and two have given a Sell rating to the company's stock. Based on data from MarketBeat.com, the stock presently has an average rating of "Hold" and an average target price of $7.63.

Insider Buying and Selling

In other news, major shareholder Coliseum Capital Management, L bought 720,000 shares of the company's stock in a transaction that occurred on Tuesday, August 12th. The shares were purchased at an average price of $5.15 per share, for a total transaction of $3,708,000.00. Following the acquisition, the insider directly owned 12,282,955 shares of the company's stock, valued at $63,257,218.25. The trade was a 6.23% increase in their position. The purchase was disclosed in a legal filing with the SEC, which is accessible through the SEC website. In the last quarter, insiders have acquired 1,537,852 shares of company stock valued at $8,099,544. Company insiders own 3.69% of the company's stock.

Owens & Minor Stock Up 2.4%

Shares of OMI stock traded up $0.12 on Thursday, hitting $5.01. The company's stock had a trading volume of 969,554 shares, compared to its average volume of 1,518,794. The company has a debt-to-equity ratio of 3.32, a current ratio of 0.86 and a quick ratio of 0.83. Owens & Minor, Inc. has a fifty-two week low of $4.56 and a fifty-two week high of $16.47. The firm's fifty day moving average price is $7.20 and its 200-day moving average price is $7.57. The stock has a market capitalization of $386.59 million, a price-to-earnings ratio of -0.32 and a beta of 1.04.

Owens & Minor (NYSE:OMI - Get Free Report) last released its quarterly earnings data on Monday, August 11th. The company reported $0.26 earnings per share (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 business had revenue of $681.90 million during the quarter, compared to analyst estimates of $2.73 billion. During the same period in the previous year, the firm posted $0.36 EPS. The firm's revenue for the quarter was up 3.3% on a year-over-year basis. Owens & Minor has set its FY 2025 guidance at 1.020-1.070 EPS. Research analysts anticipate that Owens & Minor, Inc. will post 1.51 EPS for the current year.

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.