Public Employees Retirement Association of Colorado Has $27,169,000 Stake in Cantel Medical Corp. (CMN)
Public Employees Retirement Association of Colorado held its position in Cantel Medical Corp. (NYSE:CMN) during the second quarter, Holdings Channel reports. The firm owned 395,302 shares of the company’s stock at the end of the second quarter. Public Employees Retirement Association of Colorado’s holdings in Cantel Medical Corp. were worth $27,169,000 as of its most recent filing with the SEC.
Other institutional investors also recently bought and sold shares of the company. LS Investment Advisors LLC increased its position in Cantel Medical Corp. by 7.5% in the second quarter. LS Investment Advisors LLC now owns 1,510 shares of the company’s stock valued at $104,000 after buying an additional 106 shares during the last quarter. BlackRock Inc. increased its position in Cantel Medical Corp. by 119.5% in the first quarter. BlackRock Inc. now owns 2,355 shares of the company’s stock valued at $168,000 after buying an additional 1,282 shares during the last quarter. Bank of Montreal Can acquired a new position in Cantel Medical Corp. during the second quarter valued at approximately $203,000. Cypress Wealth Advisors LLC acquired a new position in Cantel Medical Corp. during the first quarter valued at approximately $210,000. Finally, Mariner Wealth Advisors LLC acquired a new position in Cantel Medical Corp. during the first quarter valued at approximately $216,000. 81.60% of the stock is currently owned by institutional investors and hedge funds.
Shares of Cantel Medical Corp. (NYSE:CMN) traded up 0.59% during midday trading on Monday, hitting $79.08. The stock had a trading volume of 81,154 shares. Cantel Medical Corp. has a 1-year low of $53.64 and a 1-year high of $81.63. The firm has a market capitalization of $3.27 billion, a PE ratio of 54.99 and a beta of 1.59. The company’s 50 day moving average price is $77.24 and its 200-day moving average price is $71.01.
Cantel Medical Corp. (NYSE:CMN) last announced its quarterly earnings results on Thursday, September 29th. The company reported $0.48 earnings per share for the quarter, topping analysts’ consensus estimates of $0.37 by $0.11. The company had revenue of $179 million for the quarter. Cantel Medical Corp. had a net margin of 9.02% and a return on equity of 16.70%. The company’s revenue for the quarter was up 18.3% compared to the same quarter last year. During the same period in the prior year, the business earned $0.39 earnings per share. Equities analysts predict that Cantel Medical Corp. will post $1.98 earnings per share for the current year.
Several equities analysts have commented on CMN shares. Benchmark Co. started coverage on shares of Cantel Medical Corp. in a research report on Monday, August 29th. They set a “buy” rating and a $83.00 target price on the stock. Needham & Company LLC started coverage on Cantel Medical Corp. in a research report on Wednesday, August 24th. They issued a “hold” rating on the stock.
In related news, Director Ann E. Berman sold 1,453 shares of the business’s stock in a transaction on Friday, September 30th. The shares were sold at an average price of $77.56, for a total value of $112,694.68. Following the sale, the director now directly owns 5,424 shares of the company’s stock, valued at approximately $420,685.44. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this hyperlink. 15.30% of the stock is currently owned by corporate insiders.
About Cantel Medical Corp.
Cantel Medical Corp. is a provider of infection prevention and control products and services in the healthcare market. The Company’s segments include Endoscopy, Water Purification and Filtration, Healthcare Disposables, Dialysis and Specialty Packaging. Its Endoscopy segment includes medical device reprocessing systems, disinfectants, detergents and other supplies.
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