40,740 Shares in Owens & Minor, Inc. (NYSE:OMI) Acquired by Illinois Municipal Retirement Fund

Illinois Municipal Retirement Fund acquired a new position in Owens & Minor, Inc. (NYSE:OMI - Free Report) in the 4th quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The institutional investor acquired 40,740 shares of the company's stock, valued at approximately $785,000. Illinois Municipal Retirement Fund owned 0.05% of Owens & Minor as of its most recent SEC filing.

A number of other institutional investors and hedge funds have also recently bought and sold shares of OMI. SG Americas Securities LLC bought a new stake in Owens & Minor during the third quarter worth approximately $600,000. Bailard Inc. acquired a new position in Owens & Minor during the third quarter valued at $223,000. Zurcher Kantonalbank Zurich Cantonalbank boosted its holdings in shares of Owens & Minor by 33.8% during the third quarter. Zurcher Kantonalbank Zurich Cantonalbank now owns 17,049 shares of the company's stock worth $276,000 after purchasing an additional 4,304 shares during the period. Mackenzie Financial Corp lifted its position in Owens & Minor by 15.2% in the 3rd quarter. Mackenzie Financial Corp now owns 20,584 shares of the company's stock worth $315,000 after buying an additional 2,714 shares in the last quarter. Finally, Strs Ohio boosted its stake in shares of Owens & Minor by 10.4% during the 3rd quarter. Strs Ohio now owns 45,800 shares of the company's stock valued at $740,000 after buying an additional 4,300 shares during the period. Institutional investors own 98.04% of the company's stock.

Analyst Upgrades and Downgrades

Several brokerages recently commented on OMI. TheStreet raised Owens & Minor from a "d+" rating to a "c-" rating in a research note on Monday, March 4th. Leerink Partnrs restated a "market perform" rating on shares of Owens & Minor in a report on Monday, February 26th. StockNews.com upgraded shares of Owens & Minor from a "hold" rating to a "buy" rating in a report on Wednesday, February 21st. Robert W. Baird raised their target price on Owens & Minor from $24.00 to $28.00 and gave the company a "neutral" rating in a report on Wednesday, April 10th. Finally, UBS Group decreased their price target on Owens & Minor from $28.00 to $26.00 and set a "buy" rating for the company in a research note on Monday, January 29th. One analyst has rated the stock with a sell rating, six have given a hold rating and two have given a buy rating to the company. According to MarketBeat.com, the company currently has an average rating of "Hold" and an average price target of $23.86.

Owens & Minor Stock Performance

Shares of OMI stock traded down $0.69 during trading hours on Tuesday, reaching $24.73. 921,140 shares of the company's stock were exchanged, compared to its average volume of 633,193. Owens & Minor, Inc. has a fifty-two week low of $13.34 and a fifty-two week high of $28.35. The company has a quick ratio of 0.52, a current ratio of 1.11 and a debt-to-equity ratio of 2.05. The stock has a market capitalization of $1.89 billion, a P/E ratio of -45.80, a P/E/G ratio of 0.79 and a beta of 0.43. The business has a fifty day moving average price of $25.33 and a 200-day moving average price of $21.26.

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

Insider Activity at Owens & Minor

In other news, SVP Jonathan A. Leon sold 5,000 shares of Owens & Minor stock in a transaction dated Monday, April 22nd. The shares were sold at an average price of $24.84, for a total transaction of $124,200.00. Following the sale, the senior vice president now directly owns 84,673 shares in the company, valued at approximately $2,103,277.32. The sale was disclosed in a document filed with the SEC, which is available through this hyperlink. In other Owens & Minor news, SVP Jonathan A. Leon sold 5,000 shares of Owens & Minor stock in a transaction on Monday, April 22nd. The stock was sold at an average price of $24.84, for a total transaction of $124,200.00. Following the completion of the transaction, the senior vice president now directly owns 84,673 shares of the company's stock, valued at $2,103,277.32. The sale was disclosed in a document filed with the SEC, which can be accessed through this hyperlink. Also, SVP Michael Wayne Lowry sold 10,000 shares of the business's stock in a transaction dated Tuesday, February 27th. The shares were sold at an average price of $25.00, for a total transaction of $250,000.00. Following the completion of the transaction, the senior vice president now owns 71,654 shares in the company, valued at $1,791,350. The disclosure for this sale can be found here. 2.62% of the stock is currently owned by corporate insiders.

About Owens & Minor

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.