2,495 Shares in Henry Schein, Inc. (HSIC) Acquired by AGF Investments Inc.

AGF Investments Inc. purchased a new position in Henry Schein, Inc. (NASDAQ:HSIC) during the 4th quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The institutional investor purchased 2,495 shares of the company’s stock, valued at approximately $196,000.

Several other institutional investors also recently bought and sold shares of HSIC. Financial Gravity Companies Inc. purchased a new stake in shares of Henry Schein in the 4th quarter worth approximately $29,000. Ipswich Investment Management Co. Inc. purchased a new stake in shares of Henry Schein in the 4th quarter worth approximately $45,000. Howe & Rusling Inc. grew its stake in shares of Henry Schein by 200.0% in the 4th quarter. Howe & Rusling Inc. now owns 600 shares of the company’s stock worth $47,000 after buying an additional 400 shares during the last quarter. Essex Savings Bank purchased a new stake in shares of Henry Schein in the 4th quarter worth approximately $48,000. Finally, SeaBridge Investment Advisors LLC grew its stake in shares of Henry Schein by 250.0% in the 4th quarter. SeaBridge Investment Advisors LLC now owns 700 shares of the company’s stock worth $55,000 after buying an additional 500 shares during the last quarter.

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Shares of Henry Schein stock opened at $59.30 on Friday. Henry Schein, Inc. has a one year low of $57.76 and a one year high of $91.35. The firm has a market capitalization of $9.08 billion, a P/E ratio of 14.36, a P/E/G ratio of 2.17 and a beta of 0.89. The company has a current ratio of 1.30, a quick ratio of 0.70 and a debt-to-equity ratio of 0.28.

Henry Schein (NASDAQ:HSIC) last announced its earnings results on Wednesday, February 20th. The company reported $1.12 EPS for the quarter, topping the Zacks’ consensus estimate of $1.11 by $0.01. Henry Schein had a return on equity of 19.86% and a net margin of 4.06%. The company had revenue of $3.38 billion for the quarter, compared to analysts’ expectations of $3.46 billion. During the same period last year, the firm earned $0.97 EPS. Henry Schein’s revenue for the quarter was up 1.7% compared to the same quarter last year. As a group, analysts forecast that Henry Schein, Inc. will post 3.44 earnings per share for the current year.

Henry Schein announced that its board has approved a share buyback plan on Thursday, December 13th that allows the company to buyback $400.00 million in outstanding shares. This buyback authorization allows the company to purchase up to 3.1% of its shares through open market purchases. Shares buyback plans are typically an indication that the company’s leadership believes its shares are undervalued.

Several research firms recently weighed in on HSIC. Zacks Investment Research downgraded Henry Schein from a “hold” rating to a “sell” rating in a research note on Tuesday. Royal Bank of Canada cut their price target on Henry Schein to $62.00 and set a “sector perform” rating on the stock in a research note on Thursday, February 21st. Barclays cut their price target on Henry Schein from $73.00 to $63.00 and set an “equal weight” rating on the stock in a research note on Thursday, February 21st. Barrington Research reiterated a “buy” rating and set a $72.00 target price on shares of Henry Schein in a research note on Thursday, February 21st. Finally, Craig Hallum cut their target price on Henry Schein from $96.00 to $72.00 and set a “buy” rating on the stock in a research note on Tuesday, February 19th. Seven equities research analysts have rated the stock with a sell rating, six have assigned a hold rating and six have issued a buy rating to the company’s stock. The stock currently has an average rating of “Hold” and an average target price of $79.87.

In other Henry Schein news, CFO Steven Paladino sold 21,110 shares of the firm’s stock in a transaction dated Monday, December 3rd. The stock was sold at an average price of $90.06, for a total transaction of $1,901,166.60. The transaction was disclosed in a legal filing with the SEC, which can be accessed through this link. Also, SVP Michael S. Ettinger sold 7,425 shares of the firm’s stock in a transaction dated Monday, December 10th. The shares were sold at an average price of $84.36, for a total value of $626,373.00. Following the sale, the senior vice president now directly owns 72,143 shares in the company, valued at $6,085,983.48. The disclosure for this sale can be found here. Over the last ninety days, insiders sold 97,535 shares of company stock worth $8,483,620. 1.15% of the stock is owned by insiders.

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About Henry Schein

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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