Owens & Minor, Inc. (NYSE:OMI) Given Consensus Recommendation of "Hold" by Brokerages

Key Points

• Owens & Minor, Inc. has received a consensus rating of "Hold" from eight research firms, with varying ratings including three sell, three buy, and one strong buy.
• JPMorgan Chase & Co. and Zacks Research have recently downgraded Owens & Minor, setting new price targets of $6.00 and issuing a "strong sell" rating, respectively.
• Major shareholder Coliseum Capital Management acquired over 492,000 shares at an average cost of $5.31, increasing their stake in the company significantly.

Shares of Owens & Minor, Inc. (NYSE:OMI - Get Free Report) have been given an average rating of "Hold" by the eight research firms that are currently covering the company, MarketBeat reports. Three research analysts have rated the stock with a sell recommendation, one has assigned a hold recommendation, three have issued a buy recommendation and one has issued a strong buy recommendation on the company. The average 12-month price objective among brokerages that have issued a report on the stock in the last year is $7.6250.

A number of equities research analysts have issued reports on the stock. JPMorgan Chase & Co. decreased their target price 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, August 27th. Bank of America decreased their target price 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 target price 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. Citigroup reissued a "buy" rating and set a $7.00 target price (down previously from $11.00) on shares of Owens & Minor in a research note on Tuesday, August 12th. Finally, 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.

Owens & Minor Trading Up 3.4%

NYSE OMI traded up $0.18 on Monday, hitting $5.42. 3,362,211 shares of the stock were exchanged, compared to its average volume of 2,673,181. Owens & Minor has a 52-week low of $4.56 and a 52-week high of $16.38. The company has a debt-to-equity ratio of 3.32, a current ratio of 0.86 and a quick ratio of 0.83. The company has a market capitalization of $418.64 million, a price-to-earnings ratio of 3.59 and a beta of 1.03. The company's 50-day moving average price is $6.13 and its two-hundred day moving average price is $7.26.

Owens & Minor (NYSE:OMI - Get Free Report) last posted its quarterly earnings data on Monday, August 11th. The company reported $0.26 earnings per share for the quarter, missing the consensus estimate of $0.27 by ($0.01). Owens & Minor had a positive return on equity of 26.59% and a negative net margin of 13.78%.The firm had revenue of $681.90 million for the quarter, compared to analysts' expectations of $2.73 billion. During the same quarter in the previous year, the firm posted $0.36 earnings per share. The company'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 predict that Owens & Minor will post 1.51 EPS for the current year.

Insider Activity

In other Owens & Minor news, major shareholder Coliseum Capital Management, L acquired 492,852 shares of Owens & Minor stock in a transaction that occurred on Thursday, August 14th. The stock was acquired at an average price of $5.31 per share, with a total value of $2,617,044.12. Following the purchase, the insider owned 13,100,807 shares in the company, valued at approximately $69,565,285.17. This trade represents a 3.91% increase in their ownership of the stock. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Over the last three months, insiders have acquired 1,537,852 shares of company stock valued at $8,099,544. 3.69% of the stock is currently owned by insiders.

Institutional Investors Weigh In On Owens & Minor

Institutional investors and hedge funds have recently modified their holdings of the business. AQR Capital Management LLC lifted its stake in shares of Owens & Minor by 171.2% in the 1st quarter. AQR Capital Management LLC now owns 634,914 shares of the company's stock valued at $5,733,000 after purchasing an additional 400,833 shares during the last quarter. Goldman Sachs Group Inc. lifted its stake in shares of Owens & Minor by 43.9% in the 1st quarter. Goldman Sachs Group Inc. now owns 576,799 shares of the company's stock valued at $5,208,000 after purchasing an additional 175,866 shares during the last quarter. Allspring Global Investments Holdings LLC lifted its stake in shares of Owens & Minor by 54.0% in the 1st quarter. Allspring Global Investments Holdings LLC now owns 45,360 shares of the company's stock valued at $410,000 after purchasing an additional 15,898 shares during the last quarter. GAMMA Investing LLC lifted its position in Owens & Minor by 713.4% during the 1st quarter. GAMMA Investing LLC now owns 9,265 shares of the company's stock worth $84,000 after acquiring an additional 8,126 shares during the last quarter. Finally, Paradigm Capital Management Inc. NY acquired a new position in Owens & Minor during the 1st quarter worth $542,000. Institutional investors and hedge funds own 98.04% of the company's stock.

About Owens & Minor

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.