Federated Hermes Inc. Has $3.33 Million Stock Holdings in Owens & Minor, Inc. (NYSE:OMI)

Federated Hermes Inc. decreased its stake in shares of Owens & Minor, Inc. (NYSE:OMI - Free Report) by 56.7% during the 4th quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The firm owned 172,836 shares of the company's stock after selling 226,247 shares during the period. Federated Hermes Inc. owned approximately 0.23% of Owens & Minor worth $3,331,000 as of its most recent SEC filing.

Other hedge funds also recently made changes to their positions in the company. Invesco Ltd. grew its stake in shares of Owens & Minor by 12.0% in the 3rd quarter. Invesco Ltd. now owns 1,081,460 shares of the company's stock worth $17,476,000 after purchasing an additional 115,995 shares during the last quarter. First Eagle Investment Management LLC acquired a new position in shares of Owens & Minor in the third quarter worth about $2,795,000. Gotham Asset Management LLC boosted its holdings in shares of Owens & Minor by 106.4% in the third quarter. Gotham Asset Management LLC now owns 33,578 shares of the company's stock worth $543,000 after buying an additional 17,310 shares during the period. Qube Research & Technologies Ltd boosted its holdings in shares of Owens & Minor by 95.1% in the third quarter. Qube Research & Technologies Ltd now owns 200,739 shares of the company's stock worth $3,244,000 after buying an additional 97,847 shares during the period. Finally, Gabelli Funds LLC acquired a new position in shares of Owens & Minor in the third quarter worth about $1,899,000. Institutional investors and hedge funds own 98.04% of the company's stock.

Insider Activity

In other news, SVP Jonathan A. Leon sold 5,000 shares of Owens & Minor stock in a transaction that occurred on Monday, April 22nd. The shares were sold at an average price of $24.84, for a total value of $124,200.00. Following the transaction, the senior vice president now owns 84,673 shares of the company's stock, valued at $2,103,277.32. The transaction was disclosed in a legal filing with the SEC, which is available at the SEC website. In related news, SVP Jonathan A. Leon sold 5,000 shares of the business's stock in a transaction on Monday, April 22nd. The shares were sold at an average price of $24.84, for a total transaction of $124,200.00. Following the transaction, the senior vice president now owns 84,673 shares of the company's stock, valued at $2,103,277.32. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this hyperlink. Also, SVP Michael Wayne Lowry sold 10,000 shares of the business's stock in a transaction on Tuesday, February 27th. The stock was sold at an average price of $25.00, for a total transaction of $250,000.00. Following the transaction, the senior vice president now directly owns 71,654 shares in the company, valued at approximately $1,791,350. The disclosure for this sale can be found here. Insiders own 3.59% of the company's stock.

Owens & Minor Stock Up 4.0 %

NYSE OMI traded up $0.97 during trading on Friday, reaching $25.09. The company's stock had a trading volume of 389,334 shares, compared to its average volume of 424,665. The company has a current ratio of 1.11, a quick ratio of 0.52 and a debt-to-equity ratio of 2.05. The stock has a market capitalization of $1.92 billion, a PE ratio of -46.46, a PEG ratio of 0.79 and a beta of 0.43. The business has a 50-day moving average price of $25.24 and a 200-day moving average price of $21.19. Owens & Minor, Inc. has a 1-year low of $13.34 and a 1-year high of $28.35.

Owens & Minor (NYSE:OMI - Get Free Report) last posted its earnings results on Tuesday, February 20th. The company reported $0.69 earnings per share (EPS) for the quarter, beating analysts' consensus estimates of $0.66 by $0.03. The firm had revenue of $2.66 billion during the quarter, compared to analysts' expectations of $2.67 billion. Owens & Minor had a negative net margin of 0.40% and a positive return on equity of 11.62%. The company's revenue was up 4.1% compared to the same quarter last year. During the same period in the previous year, the company earned $0.28 earnings per share. On average, research analysts forecast that Owens & Minor, Inc. will post 1.54 earnings per share for the current fiscal year.

Wall Street Analysts Forecast Growth

Several brokerages have commented on OMI. Citigroup raised their target price on shares of Owens & Minor from $23.00 to $24.00 and gave the stock a "neutral" rating in a report on Wednesday, February 21st. Leerink Partnrs restated a "market perform" rating on shares of Owens & Minor in a report on Monday, February 26th. TheStreet upgraded shares of Owens & Minor from a "d+" rating to a "c-" rating in a report on Monday, March 4th. SVB Leerink began coverage on shares of Owens & Minor in a report on Monday, February 26th. They set a "market perform" rating and a $24.00 price target for the company. Finally, UBS Group decreased their price target on shares of Owens & Minor from $28.00 to $26.00 and set a "buy" rating for the company in a report on Monday, January 29th. One equities research analyst has rated the stock with a sell rating, six have given a hold rating and two have issued a buy rating to the company. According to MarketBeat, the stock has an average rating of "Hold" and a consensus price target of $23.29.

Owens & Minor Company Profile

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.