Securian Asset Management Inc raised its position in Henry Schein, Inc. (NASDAQ:HSIC) by 1.4% during the 4th quarter, according to its most recent filing with the SEC. The institutional investor owned 15,498 shares of the company’s stock after acquiring an additional 221 shares during the period. Securian Asset Management Inc’s holdings in Henry Schein were worth $1,217,000 as of its most recent filing with the SEC.
A number of other hedge funds and other institutional investors have also recently added to or reduced their stakes in the business. Asset Management Advisors LLC boosted its stake in Henry Schein by 1.0% in the 4th quarter. Asset Management Advisors LLC now owns 38,090 shares of the company’s stock valued at $2,991,000 after purchasing an additional 385 shares during the period. CWM Advisors LLC bought a new stake in Henry Schein in the 4th quarter valued at $289,000. Chartwell Investment Partners LLC boosted its stake in Henry Schein by 306.1% in the 4th quarter. Chartwell Investment Partners LLC now owns 27,749 shares of the company’s stock valued at $2,179,000 after purchasing an additional 20,916 shares during the period. Janney Montgomery Scott LLC boosted its stake in Henry Schein by 19.8% in the 4th quarter. Janney Montgomery Scott LLC now owns 11,165 shares of the company’s stock valued at $877,000 after purchasing an additional 1,844 shares during the period. Finally, Essex Savings Bank bought a new stake in Henry Schein in the 4th quarter valued at $48,000.
In related news, SVP Michael S. Ettinger sold 7,425 shares of the company’s stock in a transaction on Monday, December 10th. The stock was sold at an average price of $84.36, for a total transaction of $626,373.00. Following the completion of the sale, the senior vice president now directly owns 72,143 shares in the company, valued at approximately $6,085,983.48. The sale was disclosed in a filing with the SEC, which is available through this link. Also, insider David Mckinley sold 8,321 shares of the company’s stock in a transaction on Friday, November 30th. The stock was sold at an average price of $88.77, for a total value of $738,655.17. Following the sale, the insider now owns 68,012 shares of the company’s stock, valued at $6,037,425.24. The disclosure for this sale can be found here. Over the last 90 days, insiders have sold 105,856 shares of company stock valued at $9,222,275. 1.15% of the stock is owned by corporate insiders.
Shares of HSIC stock opened at $60.39 on Tuesday. The company has a quick ratio of 0.70, a current ratio of 1.30 and a debt-to-equity ratio of 0.29. Henry Schein, Inc. has a twelve month low of $57.78 and a twelve month high of $91.35. The firm has a market cap of $9.12 billion, a P/E ratio of 16.78, a price-to-earnings-growth ratio of 1.86 and a beta of 0.89.
Henry Schein declared that its Board of Directors has initiated a share repurchase program on Thursday, December 13th that permits the company to repurchase $400.00 million in shares. This repurchase authorization permits the company to reacquire up to 3.1% of its shares through open market purchases. Shares repurchase programs are generally an indication that the company’s leadership believes its shares are undervalued.
HSIC has been the subject of several recent research reports. BidaskClub downgraded Henry Schein from a “strong-buy” rating to a “buy” rating in a research note on Friday, January 4th. ValuEngine upgraded Henry Schein from a “sell” rating to a “hold” rating in a research report on Wednesday, January 2nd. Goldman Sachs Group assumed coverage on Henry Schein in a research report on Saturday, October 20th. They set a “hold” rating and a $78.00 target price for the company. Zacks Investment Research upgraded Henry Schein from a “sell” rating to a “hold” rating in a research report on Wednesday, January 30th. Finally, Robert W. Baird downgraded Henry Schein from an “outperform” rating to a “neutral” rating and set a $76.60 target price for the company. in a research report on Wednesday, January 2nd. Six analysts have rated the stock with a sell rating, nine have issued a hold rating and six have assigned a buy rating to the company’s stock. The stock has an average rating of “Hold” and an average target price of $83.29.
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Henry Schein Company Profile
Henry Schein, Inc provides health care products and services to dental practitioners and laboratories, animal health clinics, 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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