DE Burlo Group Inc. Takes Position in Cantel Medical Corp. (CMD)
DE Burlo Group Inc. acquired a new position in Cantel Medical Corp. (NYSE:CMD) during the second quarter, Holdings Channel reports. The institutional investor acquired 10,800 shares of the company’s stock, valued at approximately $841,000.
A number of other institutional investors have also added to or reduced their stakes in CMD. Integrated Investment Consultants LLC acquired a new position in Cantel Medical Corp. during the second quarter worth approximately $161,000. LS Investment Advisors LLC acquired a new position in Cantel Medical Corp. during the second quarter worth approximately $172,000. SG Americas Securities LLC acquired a new position in Cantel Medical Corp. during the second quarter worth approximately $230,000. First Quadrant L P CA acquired a new position in Cantel Medical Corp. during the second quarter worth approximately $233,000. Finally, Cue Financial Group Inc. acquired a new position in Cantel Medical Corp. during the second quarter worth approximately $234,000. 83.66% of the stock is owned by hedge funds and other institutional investors.
Cantel Medical Corp. (CMD) opened at 75.49 on Friday. Cantel Medical Corp. has a one year low of $68.19 and a one year high of $88.81. The stock’s 50 day moving average is $75.69 and its 200 day moving average is $76.81. The firm has a market cap of $3.13 billion, a P/E ratio of 44.67 and a beta of 1.23.
Cantel Medical Corp. (NYSE:CMD) last announced its earnings results on Thursday, June 8th. The company reported $0.51 EPS for the quarter, hitting the consensus estimate of $0.51. The company had revenue of $192.10 million for the quarter, compared to analysts’ expectations of $193.84 million. Cantel Medical Corp. had a return on equity of 17.75% and a net margin of 9.50%. The company’s revenue was up 10.6% compared to the same quarter last year. On average, equities research analysts expect that Cantel Medical Corp. will post $2.06 earnings per share for the current year.
The firm also recently announced a semiannual dividend, which was paid on Monday, July 31st. Stockholders of record on Monday, July 17th were issued a dividend of $0.07 per share. This represents a dividend yield of 0.18%. The ex-dividend date was Thursday, July 13th. Cantel Medical Corp.’s payout ratio is presently 8.28%.
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A number of equities analysts have commented on the stock. Zacks Investment Research downgraded shares of Cantel Medical Corp. from a “hold” rating to a “sell” rating in a report on Monday, June 5th. Benchmark Co. downgraded shares of Cantel Medical Corp. from a “buy” rating to a “hold” rating in a report on Friday, June 9th. Needham & Company LLC reaffirmed a “hold” rating on shares of Cantel Medical Corp. in a report on Thursday, June 8th. Finally, Sidoti raised shares of Cantel Medical Corp. from a “neutral” rating to a “buy” rating and set a $92.00 price objective for the company in a report on Wednesday, August 2nd. Four investment analysts have rated the stock with a hold rating and one has assigned a buy rating to the company’s stock. The company currently has a consensus rating of “Hold” and a consensus target price of $91.67.
In related news, Chairman Charles M. Diker sold 35,000 shares of the firm’s stock in a transaction dated Wednesday, July 12th. The stock was sold at an average price of $75.52, for a total value of $2,643,200.00. Following the transaction, the chairman now owns 3,114,520 shares in the company, valued at $235,208,550.40. The transaction was disclosed in a document filed with the SEC, which is available through this hyperlink. Also, Chairman Charles M. Diker sold 13,000 shares of the firm’s stock in a transaction dated Monday, June 12th. The shares were sold at an average price of $76.36, for a total value of $992,680.00. Following the completion of the transaction, the chairman now owns 3,124,222 shares in the company, valued at approximately $238,565,591.92. The disclosure for this sale can be found here. 14.90% of the stock is currently owned by corporate insiders.
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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