Tokio Marine Asset Management Co. Ltd. Makes New Investment in Henry Schein, Inc. (NASDAQ:HSIC)

Tokio Marine Asset Management Co. Ltd. bought a new position in Henry Schein, Inc. (NASDAQ:HSIC) in the third quarter, according to its most recent disclosure with the SEC. The firm bought 4,134 shares of the company’s stock, valued at approximately $301,000.

Other hedge funds and other institutional investors have also modified their holdings of the company. Cromwell Holdings LLC grew its holdings 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 during the period. Covestor Ltd grew its stake in shares of Henry Schein by 12.8% in the 1st quarter. Covestor Ltd now owns 1,511 shares of the company’s stock valued at $114,000 after buying an additional 171 shares during the period. Simplify Asset Management Inc. increased its holdings in shares of Henry Schein by 5.0% during the 2nd quarter. Simplify Asset Management Inc. now owns 3,695 shares of the company’s stock worth $237,000 after buying an additional 175 shares during the last quarter. Sequoia Financial Advisors LLC raised its position in shares of Henry Schein by 3.2% during the 2nd quarter. Sequoia Financial Advisors LLC now owns 5,680 shares of the company’s stock valued at $364,000 after buying an additional 176 shares during the period. Finally, Studio Investment Management LLC lifted its holdings in Henry Schein by 4.7% in the second quarter. Studio Investment Management LLC now owns 4,502 shares of the company’s stock valued at $289,000 after acquiring an additional 204 shares during the last quarter. 96.62% of the stock is owned by institutional investors and hedge funds.

Henry Schein Stock Performance

NASDAQ:HSIC opened at $68.76 on Friday. Henry Schein, Inc. has a 52 week low of $63.67 and a 52 week high of $82.63. The company has a fifty day simple moving average of $70.30 and a two-hundred day simple moving average of $69.57. The company has a quick ratio of 0.82, a current ratio of 1.42 and a debt-to-equity ratio of 0.46. The company has a market cap of $8.57 billion, a price-to-earnings ratio of 28.30, a price-to-earnings-growth ratio of 1.94 and a beta of 0.87.

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

Analyst Upgrades and Downgrades

Several equities research analysts have issued reports on HSIC shares. Barrington Research reissued an “outperform” rating and set a $82.00 target price on shares of Henry Schein in a research note on Wednesday, November 6th. Evercore ISI boosted their price objective on shares of Henry Schein from $70.00 to $74.00 and gave the company an “in-line” rating in a report on Tuesday, October 8th. StockNews.com raised shares of Henry Schein from a “sell” rating to a “hold” rating in a research note on Thursday, November 7th. JPMorgan Chase & Co. reduced their price target on shares of Henry Schein from $88.00 to $80.00 and set an “overweight” rating on the stock in a research note on Monday, August 12th. Finally, Robert W. Baird lowered their price objective on shares of Henry Schein from $92.00 to $82.00 and set an “outperform” rating for the company in a research report on Wednesday, August 7th. Six research analysts have rated the stock with a hold rating, five have assigned a buy rating and one has given a strong buy rating to the company’s stock. Based on data from MarketBeat, Henry Schein currently has an average rating of “Moderate Buy” and an average target price of $78.89.

Insiders Place Their Bets

In other news, SVP Lorelei Mcglynn sold 21,035 shares of the company’s stock in a transaction dated Friday, September 6th. The stock was sold at an average price of $69.30, for a total transaction of $1,457,725.50. Following the completion of the transaction, the senior vice president now directly owns 71,833 shares of the company’s stock, valued at approximately $4,978,026.90. This represents a 22.65 % decrease in their position. The transaction was disclosed in a legal filing with the SEC, which can be accessed through this link. 1.14% of the stock is currently owned by company insiders.

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.