Federated Hermes Inc. Acquires New Holdings in Owens & Minor, Inc. (NYSE:OMI)

Federated Hermes Inc. acquired a new stake in Owens & Minor, Inc. (NYSE:OMI) during the first quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor acquired 428,598 shares of the company’s stock, valued at approximately $3,870,000.

A number of other large investors have also recently added to or reduced their stakes in OMI. Sei Investments Co. acquired a new stake in Owens & Minor in the 4th quarter valued at about $418,000. KLP Kapitalforvaltning AS purchased a new position in Owens & Minor in the 4th quarter valued at about $256,000. LPL Financial LLC purchased a new position in Owens & Minor in the 4th quarter valued at about $617,000. Vanguard Group Inc. lifted its holdings in Owens & Minor by 1.2% in 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. Finally, JPMorgan Chase & Co. lifted its holdings in Owens & Minor by 29.6% in the 4th quarter. JPMorgan Chase & Co. now owns 488,497 shares of the company’s stock valued at $6,385,000 after purchasing an additional 111,667 shares in the last quarter. 98.04% of the stock is owned by institutional investors and hedge funds.

Wall Street Analysts Forecast Growth

OMI has been the topic of a number of recent research reports. Citigroup reduced their target price on shares of Owens & Minor from $13.00 to $11.00 and set a “buy” rating on the stock in a report on Thursday, April 17th. Robert W. Baird upped their target price on shares of Owens & Minor from $9.00 to $10.00 and gave the company a “neutral” rating in a report on Friday, June 6th. One equities research analyst has rated the stock with a sell rating, three have given a hold rating and two have issued a buy rating to the stock. According to data from MarketBeat.com, Owens & Minor has an average rating of “Hold” and a consensus target price of $11.60.

Owens & Minor Trading Up 5.4%

Shares of OMI stock opened at $6.93 on Tuesday. The firm has a market cap of $534.96 million, a P/E ratio of -1.46, a PEG ratio of 0.29 and a beta of 1.04. Owens & Minor, Inc. has a 1-year low of $6.07 and a 1-year high of $16.63. The company has a debt-to-equity ratio of 3.32, a current ratio of 1.13 and a quick ratio of 0.41. The firm’s 50-day simple moving average is $7.80 and its 200-day simple moving average is $8.36.

Owens & Minor (NYSE:OMI) last announced its quarterly earnings data on Saturday, May 10th. The company reported $0.23 earnings per share for the quarter, topping the consensus estimate of $0.20 by $0.03. Owens & Minor had a negative net margin of 3.41% and a positive return on equity of 17.09%. The business’s revenue was up .7% on a year-over-year basis. During the same quarter last year, the company posted $0.19 EPS. As a group, equities analysts forecast that Owens & Minor, Inc. will post 1.51 EPS for the current year.

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.