Owens & Minor, Inc. (NYSE:OMI) Shares Acquired by Mitsubishi UFJ Trust & Banking Corp

Mitsubishi UFJ Trust & Banking Corp increased its holdings in Owens & Minor, Inc. (NYSE:OMI) by 9.8% in the fourth quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 306,278 shares of the company’s stock after buying an additional 27,295 shares during the quarter. Mitsubishi UFJ Trust & Banking Corp owned about 0.40% of Owens & Minor worth $4,003,000 at the end of the most recent reporting period.

Several other large investors have also recently added to or reduced their stakes in the business. FMR LLC increased its stake in shares of Owens & Minor by 0.8% during the third quarter. FMR LLC now owns 11,564,624 shares of the company’s stock valued at $181,449,000 after acquiring an additional 90,862 shares during the period. Vanguard Group Inc. boosted its stake in Owens & Minor by 1.2% during the 4th quarter. Vanguard Group Inc. now owns 8,915,756 shares of the company’s stock valued at $116,529,000 after purchasing an additional 107,092 shares in the last quarter. State Street Corp boosted its stake in Owens & Minor by 2.6% during the 3rd quarter. State Street Corp now owns 3,064,547 shares of the company’s stock valued at $48,083,000 after purchasing an additional 78,985 shares in the last quarter. Charles Schwab Investment Management Inc. increased its position in shares of Owens & Minor by 13.6% during the 4th quarter. Charles Schwab Investment Management Inc. now owns 2,305,043 shares of the company’s stock valued at $30,127,000 after purchasing an additional 276,807 shares during the period. Finally, Geode Capital Management LLC raised its stake in shares of Owens & Minor by 0.8% in the 3rd quarter. Geode Capital Management LLC now owns 1,711,453 shares of the company’s stock worth $26,858,000 after buying an additional 13,164 shares in the last quarter. 98.04% of the stock is currently owned by institutional investors and hedge funds.

Wall Street Analysts Forecast Growth

Several brokerages recently weighed in on OMI. UBS Group decreased their target price on Owens & Minor from $25.00 to $13.00 and set a “buy” rating for the company in a research note on Thursday, February 13th. JPMorgan Chase & Co. lowered their price objective on shares of Owens & Minor from $14.00 to $10.00 and set an “underweight” rating on the stock in a research note on Monday, March 10th. Finally, Robert W. Baird boosted their target price on shares of Owens & Minor from $10.00 to $11.00 and gave the stock a “neutral” rating in a report on Monday, March 3rd. Two research analysts have rated the stock with a sell rating, three have issued a hold rating and two have issued a buy rating to the stock. According to MarketBeat, Owens & Minor has a consensus rating of “Hold” and a consensus target price of $13.75.

Insider Activity at Owens & Minor

In related news, major shareholder Coliseum Capital Management, L purchased 354,901 shares of the firm’s stock in a transaction that occurred on Monday, March 3rd. The stock was acquired at an average cost of $9.19 per share, for a total transaction of $3,261,540.19. Following the completion of the acquisition, the insider now owns 9,824,599 shares in the company, valued at $90,288,064.81. This trade represents a 3.75 % increase in their position. The purchase was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. 3.59% of the stock is owned by insiders.

Owens & Minor Stock Performance

Shares of OMI opened at $9.03 on Tuesday. The company has a 50-day moving average of $9.73 and a two-hundred day moving average of $12.32. The stock has a market cap of $697.15 million, a price-to-earnings ratio of -13.88, a PEG ratio of 0.20 and a beta of 0.61. The company has a debt-to-equity ratio of 2.11, a current ratio of 1.09 and a quick ratio of 0.45. Owens & Minor, Inc. has a one year low of $6.07 and a one year high of $28.35.

Owens & Minor (NYSE:OMI) last posted its quarterly earnings data on Friday, February 28th. The company reported $0.55 earnings per share for the quarter, topping the consensus estimate of $0.53 by $0.02. Owens & Minor had a negative net margin of 0.46% and a positive return on equity of 14.60%. The firm had revenue of $2.70 billion for the quarter, compared to analysts’ expectations of $2.68 billion. During the same period in the previous year, the company posted $0.69 EPS. The company’s quarterly revenue was up 1.5% compared to the same quarter last year. On average, equities research analysts expect that Owens & Minor, Inc. will post 1.51 earnings per share for the current year.

Owens & Minor announced that its board has initiated a share repurchase program on Friday, February 28th that authorizes the company to repurchase $100.00 million in shares. This repurchase authorization authorizes the company to buy up to 13.6% of its stock through open market purchases. Stock repurchase programs are often an indication that the company’s leadership believes its shares are undervalued.

Owens & Minor Company Profile

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.