Epoch Investment Partners Inc. Grows Stock Position in Owens & Minor, Inc. (NYSE:OMI)

Epoch Investment Partners Inc. raised its stake in shares of Owens & Minor, Inc. (NYSE:OMI) by 27.2% in the first quarter, according to its most recent 13F filing with the SEC. The fund owned 530,434 shares of the company’s stock after buying an additional 113,587 shares during the period. Epoch Investment Partners Inc. owned about 0.69% of Owens & Minor worth $14,698,000 at the end of the most recent quarter.

A number of other institutional investors have also modified their holdings of OMI. Campbell & CO Investment Adviser LLC purchased a new position in shares of Owens & Minor in the 4th quarter valued at about $852,000. First Eagle Investment Management LLC increased its stake in shares of Owens & Minor by 39.7% in the 4th quarter. First Eagle Investment Management LLC now owns 241,534 shares of the company’s stock valued at $4,654,000 after purchasing an additional 68,596 shares in the last quarter. Norges Bank purchased a new position in shares of Owens & Minor in the 4th quarter valued at about $9,160,000. Dimensional Fund Advisors LP increased its stake in shares of Owens & Minor by 8.4% in the 4th quarter. Dimensional Fund Advisors LP now owns 4,210,991 shares of the company’s stock valued at $81,148,000 after purchasing an additional 327,002 shares in the last quarter. Finally, Hillsdale Investment Management Inc. purchased a new position in shares of Owens & Minor in the 1st quarter valued at about $4,211,000. Hedge funds and other institutional investors own 98.04% of the company’s stock.

Insider Activity at Owens & Minor

In related news, EVP Heath H. Galloway sold 2,031 shares of the company’s stock in a transaction that occurred on Thursday, May 16th. The stock was sold at an average price of $20.18, for a total value of $40,985.58. Following the transaction, the executive vice president now directly owns 56,898 shares in the company, valued at $1,148,201.64. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this hyperlink. In related news, CFO Alexander J. Bruni sold 10,568 shares of the company’s stock in a transaction that occurred on Monday, June 3rd. The stock was sold at an average price of $17.76, for a total value of $187,687.68. Following the transaction, the chief financial officer now directly owns 49,950 shares in the company, valued at $887,112. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this hyperlink. Also, EVP Heath H. Galloway sold 2,031 shares of the company’s stock in a transaction that occurred on Thursday, May 16th. The shares were sold at an average price of $20.18, for a total value of $40,985.58. Following the completion of the transaction, the executive vice president now owns 56,898 shares in the company, valued at $1,148,201.64. The disclosure for this sale can be found here. Over the last three months, insiders have sold 31,923 shares of company stock worth $562,711. Insiders own 3.59% of the company’s stock.

Analyst Ratings Changes

OMI has been the topic of several research analyst reports. Robert W. Baird lowered their price objective on Owens & Minor from $20.00 to $19.00 and set a “neutral” rating on the stock in a report on Tuesday, July 16th. StockNews.com cut Owens & Minor from a “buy” rating to a “hold” rating in a report on Thursday, May 23rd. Bank of America lowered their price objective on Owens & Minor from $18.00 to $16.00 and set an “underperform” rating on the stock in a report on Tuesday, June 25th. Finally, Citigroup upgraded Owens & Minor from a “neutral” rating to a “buy” rating and lowered their price objective for the stock from $24.00 to $19.00 in a report on Friday, July 19th. Two investment analysts have rated the stock with a sell rating, six have given a hold rating and two have given a buy rating to the company. Based on data from MarketBeat.com, the company presently has an average rating of “Hold” and a consensus target price of $20.63.

Owens & Minor Stock Down 3.0 %

Shares of Owens & Minor stock opened at $15.20 on Monday. The stock’s 50 day simple moving average is $15.75 and its 200-day simple moving average is $20.39. Owens & Minor, Inc. has a 1-year low of $12.36 and a 1-year high of $28.35. The company has a debt-to-equity ratio of 2.17, a quick ratio of 0.56 and a current ratio of 1.16.

Owens & Minor (NYSE:OMI) last issued its earnings results on Friday, May 3rd. The company reported $0.19 earnings per share for the quarter, topping the consensus estimate of $0.17 by $0.02. The business had revenue of $2.61 billion for the quarter, compared to analysts’ expectations of $2.61 billion. Owens & Minor had a positive return on equity of 12.97% and a negative net margin of 0.37%. The business’s revenue for the quarter was up 3.6% compared to the same quarter last year. During the same period in the previous year, the firm posted $0.05 EPS. On average, equities analysts anticipate that Owens & Minor, Inc. will post 1.54 earnings per share for the current year.

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.