Northern Trust Corp boosted its holdings in Henry Schein, Inc. (NASDAQ:HSIC) by 1.2% during the 1st quarter, according to the company in its most recent disclosure with the SEC. The fund owned 1,938,599 shares of the company’s stock after buying an additional 23,694 shares during the quarter. Northern Trust Corp’s holdings in Henry Schein were worth $116,529,000 as of its most recent SEC filing.
A number of other institutional investors have also bought and sold shares of the business. Financial Gravity Companies Inc. purchased a new position in Henry Schein during the 4th quarter worth approximately $29,000. CSat Investment Advisory L.P. increased its stake in Henry Schein by 115.6% in the first quarter. CSat Investment Advisory L.P. now owns 552 shares of the company’s stock valued at $33,000 after acquiring an additional 296 shares during the period. Parallel Advisors LLC grew its stake in Henry Schein by 67.4% during the first quarter. Parallel Advisors LLC now owns 586 shares of the company’s stock worth $35,000 after buying an additional 236 shares during the last quarter. Bruderman Asset Management LLC bought a new stake in Henry Schein during the fourth quarter worth about $39,000. Finally, First Hawaiian Bank grew its stake in Henry Schein by 66.7% during the first quarter. First Hawaiian Bank now owns 650 shares of the company’s stock worth $39,000 after buying an additional 260 shares during the last quarter.
Several analysts have weighed in on the stock. Robert W. Baird reaffirmed a “neutral” rating on shares of Henry Schein in a research note on Monday, March 25th. Zacks Investment Research raised shares of Henry Schein from a “sell” rating to a “hold” rating in a research report on Thursday, May 2nd. BidaskClub downgraded shares of Henry Schein from a “hold” rating to a “sell” rating in a research report on Tuesday, May 7th. Cleveland Research reissued a “hold” rating on shares of Henry Schein in a research report on Thursday, May 2nd. Finally, Wolfe Research started coverage on shares of Henry Schein in a research report on Thursday, May 30th. They set an “underperform” rating for the company. Seven research analysts have rated the stock with a sell rating, nine have assigned a hold rating and four have issued a buy rating to the company. The company has an average rating of “Hold” and an average target price of $74.27.
Henry Schein (NASDAQ:HSIC) last released its earnings results on Tuesday, May 7th. The company reported $0.80 earnings per share for the quarter, beating analysts’ consensus estimates of $0.76 by $0.04. The business had revenue of $2.36 billion during the quarter, compared to the consensus estimate of $2.36 billion. Henry Schein had a net margin of 4.10% and a return on equity of 18.35%. The firm’s revenue for the quarter was up 3.8% compared to the same quarter last year. During the same quarter last year, the firm earned $0.95 earnings per share. On average, research analysts anticipate that Henry Schein, Inc. will post 3.45 earnings per share for the current year.
In related news, Director Paul Brons sold 1,758 shares of the firm’s stock in a transaction on Wednesday, June 12th. The shares were sold at an average price of $70.96, for a total value of $124,747.68. Following the completion of the transaction, the director now owns 17,582 shares of the company’s stock, valued at $1,247,618.72. The transaction was disclosed in a legal filing with the SEC, which can be accessed through the SEC website. 1.06% of the stock is currently owned by company insiders.
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About Henry Schein
Henry Schein, Inc provides health care products and services to dental practitioners and laboratories, physician practices, 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.
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