City State Bank Makes New $55,000 Investment in Henry Schein, Inc. (NASDAQ:HSIC)

City State Bank bought a new position in shares of Henry Schein, Inc. (NASDAQ:HSIC) during the 4th quarter, according to its most recent filing with the SEC. The institutional investor bought 800 shares of the company’s stock, valued at approximately $55,000.

Several other hedge funds and other institutional investors also recently added to or reduced their stakes in HSIC. Acadian Asset Management LLC grew its holdings in Henry Schein by 10.2% during the 2nd quarter. Acadian Asset Management LLC now owns 3,757 shares of the company’s stock worth $240,000 after acquiring an additional 348 shares in the last quarter. Quest Partners LLC bought a new position in Henry Schein during the 2nd quarter worth about $177,000. Daiwa Securities Group Inc. grew its holdings in Henry Schein by 9.1% during the 2nd quarter. Daiwa Securities Group Inc. now owns 14,040 shares of the company’s stock worth $900,000 after acquiring an additional 1,171 shares in the last quarter. Oppenheimer Asset Management Inc. boosted its holdings in shares of Henry Schein by 12.5% in the 2nd quarter. Oppenheimer Asset Management Inc. now owns 5,459 shares of the company’s stock valued at $350,000 after buying an additional 606 shares in the last quarter. Finally, Keene & Associates Inc. boosted its holdings in shares of Henry Schein by 14.3% in the 2nd quarter. Keene & Associates Inc. now owns 5,150 shares of the company’s stock valued at $330,000 after buying an additional 645 shares in the last quarter. 96.62% of the stock is currently owned by institutional investors.

Wall Street Analyst Weigh In

HSIC has been the topic of a number of recent analyst reports. Mizuho initiated coverage on shares of Henry Schein in a report on Wednesday, December 4th. They issued a “neutral” rating and a $75.00 price target on the stock. Barrington Research restated an “outperform” rating and issued a $82.00 price target on shares of Henry Schein in a report on Wednesday, November 6th. Evercore ISI raised their price target on shares of Henry Schein from $70.00 to $74.00 and gave the company an “in-line” rating in a report on Tuesday, October 8th. Bank of America upgraded shares of Henry Schein from an “underperform” rating to a “buy” rating and raised their price target for the company from $69.00 to $84.00 in a report on Monday, January 6th. Finally, StockNews.com upgraded shares of Henry Schein from a “sell” rating to a “hold” rating in a report on Thursday, November 7th. Seven equities research analysts have rated the stock with a hold rating, five have issued a buy rating and one has given a strong buy rating to the stock. According to MarketBeat, the stock presently has an average rating of “Moderate Buy” and a consensus target price of $79.40.

Insiders Place Their Bets

In other news, COO Michael S. Ettinger sold 12,240 shares of the firm’s stock in a transaction that occurred on Monday, November 18th. The shares were sold at an average price of $75.00, for a total transaction of $918,000.00. Following the sale, the chief operating officer now owns 87,706 shares of the company’s stock, valued at $6,577,950. This trade represents a 12.25 % decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available through this link. 1.14% of the stock is currently owned by insiders.

Henry Schein Stock Performance

HSIC opened at $70.70 on Tuesday. Henry Schein, Inc. has a 12-month low of $63.67 and a 12-month high of $82.63. The company has a current ratio of 1.42, a quick ratio of 0.82 and a debt-to-equity ratio of 0.46. The firm has a market capitalization of $8.81 billion, a PE ratio of 29.09, a P/E/G ratio of 2.30 and a beta of 0.89. The firm has a 50 day moving average of $72.14 and a two-hundred day moving average of $70.47.

Henry Schein (NASDAQ:HSIC) last posted its quarterly earnings results on Tuesday, November 5th. The company reported $1.22 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $1.17 by $0.05. Henry Schein had a net margin of 2.51% and a return on equity of 12.90%. The company had revenue of $3.17 billion during the quarter, compared to analyst estimates of $3.24 billion. During the same period last year, the firm posted $1.32 EPS. Henry Schein’s revenue for the quarter was up .4% compared to the same quarter last year. On average, analysts anticipate that Henry Schein, Inc. will post 4.78 EPS for the current year.

Henry Schein Company Profile

Henry Schein, Inc provides health care products and services to dental practitioners, laboratories, physician practices, and ambulatory surgery centers, government, institutional health care clinics, and other alternate care clinics worldwide. It operates through two segments, Health Care Distribution, and Technology and Value-Added Services.