Teachers Retirement System of The State of Kentucky Reduces Stock Position in Henry Schein, Inc. (NASDAQ:HSIC)

Teachers Retirement System of The State of Kentucky trimmed its holdings in Henry Schein, Inc. (NASDAQ:HSIC) by 10.0% in the third quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The institutional investor owned 9,684 shares of the company’s stock after selling 1,077 shares during the period. Teachers Retirement System of The State of Kentucky’s holdings in Henry Schein were worth $706,000 as of its most recent filing with the Securities and Exchange Commission.

A number of other hedge funds and other institutional investors have also bought and sold shares of the business. Cromwell Holdings LLC grew its position in shares of Henry Schein by 93.4% in the third quarter. Cromwell Holdings LLC now owns 352 shares of the company’s stock valued at $26,000 after purchasing an additional 170 shares in the last quarter. Studio Investment Management LLC boosted its stake in Henry Schein by 3.8% in the 3rd quarter. Studio Investment Management LLC now owns 4,674 shares of the company’s stock worth $341,000 after purchasing an additional 172 shares during the period. Simplify Asset Management Inc. grew its holdings in Henry Schein by 5.0% during the 2nd quarter. Simplify Asset Management Inc. now owns 3,695 shares of the company’s stock valued at $237,000 after buying an additional 175 shares in the last quarter. Huntington National Bank increased its position in shares of Henry Schein by 16.8% during the third quarter. Huntington National Bank now owns 1,515 shares of the company’s stock valued at $110,000 after buying an additional 218 shares during the period. Finally, Tempus Wealth Planning LLC lifted its holdings in shares of Henry Schein by 6.0% in the second quarter. Tempus Wealth Planning LLC now owns 4,607 shares of the company’s stock worth $295,000 after buying an additional 260 shares in the last quarter. Institutional investors own 96.62% of the company’s stock.

Analysts Set New Price Targets

Several equities analysts recently commented on the stock. Barrington Research reaffirmed an “outperform” rating and set a $82.00 price objective on shares of Henry Schein in a research note on Wednesday, November 6th. Mizuho started coverage on shares of Henry Schein in a research report on Wednesday, December 4th. They set a “neutral” rating and a $75.00 price target for the company. Evercore ISI increased their price objective on Henry Schein from $70.00 to $74.00 and gave the stock an “in-line” rating in a research report on Tuesday, October 8th. Finally, StockNews.com upgraded Henry Schein from a “sell” rating to a “hold” rating in a research report on Thursday, November 7th. Seven equities research analysts have rated the stock with a hold rating, four have assigned a buy rating and one has given a strong buy rating to the company. According to data from MarketBeat.com, the company has a consensus rating of “Moderate Buy” and a consensus price target of $78.89.

Insider Buying and Selling

In other news, COO Michael S. Ettinger sold 12,240 shares of the firm’s stock in a transaction dated Monday, November 18th. The stock was sold at an average price of $75.00, for a total transaction of $918,000.00. Following the transaction, the chief operating officer now directly owns 87,706 shares of the company’s stock, valued at approximately $6,577,950. This trade represents a 12.25 % decrease in their ownership of the stock. The sale was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. 1.14% of the stock is owned by corporate insiders.

Henry Schein Stock Performance

Shares of NASDAQ HSIC opened at $70.61 on Thursday. The stock’s 50-day moving average is $72.43 and its 200 day moving average is $70.13. The stock has a market cap of $8.80 billion, a price-to-earnings ratio of 29.06, a P/E/G ratio of 2.31 and a beta of 0.87. Henry Schein, Inc. has a 1-year low of $63.67 and a 1-year high of $82.63. The company has a current ratio of 1.42, a quick ratio of 0.82 and a debt-to-equity ratio of 0.46.

Henry Schein (NASDAQ:HSIC) last issued its quarterly earnings results on Tuesday, November 5th. The company reported $1.22 EPS for the quarter, beating analysts’ consensus estimates of $1.17 by $0.05. The business had revenue of $3.17 billion for the quarter, compared to analysts’ expectations of $3.24 billion. Henry Schein had a net margin of 2.51% and a return on equity of 12.90%. The business’s quarterly revenue was up .4% on a year-over-year basis. During the same period last year, the business earned $1.32 earnings per share. On average, sell-side analysts anticipate that Henry Schein, Inc. will post 4.78 EPS for the current fiscal year.

Henry Schein Profile

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.