Employees Retirement System of Texas acquired a new stake in Cantel Medical Corp. (NYSE:CMD) during the 2nd quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund acquired 9,000 shares of the company’s stock, valued at approximately $701,000.
Several other institutional investors have also made changes to their positions in CMD. Capstone Asset Management Co. purchased a new position in shares of Cantel Medical Corp. in the second quarter valued at about $690,000. Bank of Montreal Can purchased a new position in shares of Cantel Medical Corp. in the second quarter valued at about $248,000. GW&K Investment Management LLC purchased a new position in shares of Cantel Medical Corp. in the second quarter valued at about $30,121,000. Pennsylvania Trust Co purchased a new position in shares of Cantel Medical Corp. in the second quarter valued at about $6,590,000. Finally, State of Alaska Department of Revenue purchased a new position in shares of Cantel Medical Corp. in the second quarter valued at about $558,000. Institutional investors and hedge funds own 83.82% of the company’s stock.
In related news, EVP Eric W. Nodiff sold 2,868 shares of the firm’s stock in a transaction dated Friday, October 20th. The shares were sold at an average price of $97.55, for a total value of $279,773.40. Following the transaction, the executive vice president now directly owns 39,102 shares of the company’s stock, valued at approximately $3,814,400.10. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available at this link. Also, Director Mark N. Diker sold 7,000 shares of the firm’s stock in a transaction dated Tuesday, October 3rd. The shares were sold at an average price of $98.90, for a total transaction of $692,300.00. The disclosure for this sale can be found here. Insiders sold a total of 36,368 shares of company stock worth $3,576,028 over the last ninety days. 14.90% of the stock is currently owned by corporate insiders.
Shares of Cantel Medical Corp. (NYSE CMD) opened at 98.10 on Friday. The company has a market capitalization of $4.07 billion, a PE ratio of 57.37 and a beta of 1.25. The stock has a 50 day moving average price of $91.13 and a 200 day moving average price of $79.60. Cantel Medical Corp. has a one year low of $68.19 and a one year high of $99.83.
Cantel Medical Corp. (NYSE:CMD) last issued its quarterly earnings results on Thursday, September 28th. The company reported $0.54 earnings per share for the quarter, beating the Zacks’ consensus estimate of $0.52 by $0.02. The firm had revenue of $205.50 million for the quarter, compared to analyst estimates of $200.32 million. Cantel Medical Corp. had a net margin of 9.27% and a return on equity of 17.60%. Cantel Medical Corp.’s quarterly revenue was up 14.8% compared to the same quarter last year. On average, equities research analysts predict that Cantel Medical Corp. will post $2.34 earnings per share for the current year.
Several brokerages have recently commented on CMD. Needham & Company LLC restated a “hold” rating on shares of Cantel Medical Corp. in a research report on Friday, September 1st. Zacks Investment Research downgraded Cantel Medical Corp. from a “buy” rating to a “sell” rating in a research report on Wednesday, August 2nd. Finally, Sidoti upgraded Cantel Medical Corp. from a “neutral” rating to a “buy” rating and set a $92.00 price objective on the stock in a research report on Wednesday, August 2nd. Four equities research analysts have rated the stock with a hold rating and one has given a buy rating to the company. The company currently has an average rating of “Hold” and a consensus target price of $91.67.
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Cantel Medical Corp. Company Profile
Cantel Medical Corp. is a provider of infection prevention products and services in the healthcare market. The Company’s operating segments include Endoscopy; Water Purification and Filtration; Healthcare Disposables, and Dialysis. Its Endoscopy segment includes medical device reprocessing systems, disinfectants, detergents and other supplies.
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