Commonwealth of Pennsylvania Public School Empls Retrmt SYS Sells 1,072 Shares of Henry Schein, Inc. (NASDAQ:HSIC)

Commonwealth of Pennsylvania Public School Empls Retrmt SYS trimmed its holdings in Henry Schein, Inc. (NASDAQ:HSIC) by 3.9% in the fourth quarter, Holdings Channel reports. The fund owned 26,511 shares of the company’s stock after selling 1,072 shares during the period. Commonwealth of Pennsylvania Public School Empls Retrmt SYS’s holdings in Henry Schein were worth $1,835,000 at the end of the most recent quarter.

Other hedge funds also recently modified their holdings of the company. Xponance Inc. increased its stake in Henry Schein by 1.7% during the 4th quarter. Xponance Inc. now owns 19,240 shares of the company’s stock worth $1,331,000 after purchasing an additional 315 shares in the last quarter. Thrivent Financial for Lutherans increased its position in shares of Henry Schein by 10.8% during the fourth quarter. Thrivent Financial for Lutherans now owns 116,843 shares of the company’s stock worth $8,085,000 after acquiring an additional 11,428 shares in the last quarter. Cibc World Markets Corp raised its holdings in shares of Henry Schein by 0.7% during the fourth quarter. Cibc World Markets Corp now owns 369,746 shares of the company’s stock worth $25,586,000 after acquiring an additional 2,440 shares during the period. Brandes Investment Partners LP raised its holdings in shares of Henry Schein by 10.9% during the fourth quarter. Brandes Investment Partners LP now owns 9,367 shares of the company’s stock worth $648,000 after acquiring an additional 918 shares during the period. Finally, Essential Planning LLC. acquired a new position in Henry Schein in the 4th quarter worth $934,000. Institutional investors and hedge funds own 96.62% of the company’s stock.

Henry Schein Trading Down 2.0 %

Henry Schein stock opened at $69.38 on Wednesday. The stock has a 50-day simple moving average of $74.79 and a 200 day simple moving average of $72.65. The stock has a market capitalization of $8.62 billion, a P/E ratio of 28.55, a PEG ratio of 2.13 and a beta of 0.90. The company has a debt-to-equity ratio of 0.46, a quick ratio of 0.82 and a current ratio of 1.42. Henry Schein, Inc. has a 52 week low of $63.67 and a 52 week high of $82.49.

Henry Schein (NASDAQ:HSIC) last issued its earnings results on Tuesday, February 25th. The company reported $1.19 EPS for the quarter, missing the consensus estimate of $1.23 by ($0.04). Henry Schein had a return on equity of 12.90% and a net margin of 2.51%. The business had revenue of $3.19 billion for the quarter, compared to the consensus estimate of $3.25 billion. During the same quarter in the prior year, the firm posted $0.66 earnings per share. The business’s revenue was up 5.8% compared to the same quarter last year. Analysts expect that Henry Schein, Inc. will post 4.74 earnings per share for the current year.

Analyst Ratings Changes

Several analysts have issued reports on the company. UBS Group dropped their price target on Henry Schein from $83.00 to $80.00 and set a “neutral” rating on the stock in a research note on Wednesday, February 26th. Jefferies Financial Group lifted their target price on Henry Schein from $77.00 to $80.00 and gave the company a “hold” rating in a research report on Thursday, January 23rd. Barrington Research reaffirmed an “outperform” rating and set a $90.00 price target on shares of Henry Schein in a research report on Wednesday, February 26th. Wells Fargo & Company started coverage on shares of Henry Schein in a report on Friday, February 14th. They issued an “equal weight” rating and a $80.00 price objective on the stock. Finally, Mizuho initiated coverage on shares of Henry Schein in a report on Wednesday, December 4th. They set a “neutral” rating and a $75.00 target price for the company. Six research analysts have rated the stock with a hold rating, five have assigned a buy rating and one has assigned a strong buy rating to the stock. According to data from MarketBeat.com, Henry Schein currently has an average rating of “Moderate Buy” and a consensus target price of $81.10.

Insider Activity

In other news, CEO Bradford C. Connett sold 4,036 shares of the stock in a transaction that occurred on Wednesday, March 19th. The stock was sold at an average price of $71.15, for a total transaction of $287,161.40. Following the transaction, the chief executive officer now owns 62,688 shares in the company, valued at approximately $4,460,251.20. This trade represents a 6.05 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. Also, Director Philip A. Laskawy sold 2,604 shares of the business’s stock in a transaction on Wednesday, March 19th. The shares were sold at an average price of $71.04, for a total value of $184,988.16. Following the completion of the sale, the director now owns 24,805 shares of the company’s stock, valued at $1,762,147.20. This trade represents a 9.50 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders own 1.14% of the company’s stock.

About Henry Schein

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.