State Board of Administration of Florida Retirement System Buys New Position in Cantel Medical Corp. (CMD)
State Board of Administration of Florida Retirement System bought a new position in shares of Cantel Medical Corp. (NYSE:CMD) during the second quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor bought 23,166 shares of the company’s stock, valued at approximately $1,805,000. State Board of Administration of Florida Retirement System owned 0.06% of Cantel Medical Corp. as of its most recent filing with the Securities and Exchange Commission (SEC).
Several other hedge funds have also recently added to or reduced their stakes in the stock. Integrated Investment Consultants LLC purchased a new position in Cantel Medical Corp. in the second quarter valued at approximately $161,000. LS Investment Advisors LLC purchased a new position in Cantel Medical Corp. in the second quarter valued at approximately $172,000. SG Americas Securities LLC purchased a new position in Cantel Medical Corp. in the second quarter valued at approximately $230,000. First Quadrant L P CA purchased a new position in Cantel Medical Corp. in the second quarter valued at approximately $233,000. Finally, Cue Financial Group Inc. purchased a new position in Cantel Medical Corp. in the second quarter valued at approximately $234,000. Hedge funds and other institutional investors own 84.28% of the company’s stock.
CMD has been the topic of several recent analyst reports. Sidoti upgraded shares of Cantel Medical Corp. from a “neutral” rating to a “buy” rating and set a $92.00 price target on the stock in a research note on Wednesday, August 2nd. Zacks Investment Research raised Cantel Medical Corp. from a “hold” rating to a “buy” rating and set a $83.00 price objective for the company in a report on Tuesday, August 1st. Needham & Company LLC reissued a “hold” rating on shares of Cantel Medical Corp. in a report on Thursday, June 8th. Finally, Benchmark Co. downgraded Cantel Medical Corp. from a “buy” rating to a “hold” rating in a report on Friday, June 9th. Four research analysts have rated the stock with a hold rating and one has given a buy rating to the company. Cantel Medical Corp. has a consensus rating of “Hold” and an average price target of $91.67.
In other news, Chairman Charles M. Diker sold 35,000 shares of the business’s stock in a transaction that occurred on 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 completion of the sale, the chairman now directly owns 3,114,520 shares in the company, valued at approximately $235,208,550.40. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available through this hyperlink. 14.90% of the stock is currently owned by insiders.
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Shares of Cantel Medical Corp. (CMD) opened at 83.17 on Thursday. The firm has a market capitalization of $3.45 billion, a P/E ratio of 49.21 and a beta of 1.23. The stock has a 50 day moving average price of $77.18 and a 200 day moving average price of $76.57. Cantel Medical Corp. has a 12-month low of $68.19 and a 12-month high of $88.81.
Cantel Medical Corp. 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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