Traders bought shares of Cantel Medical Corp. (NYSE:CMD) on weakness during trading hours on Wednesday. $8.23 million flowed into the stock on the tick-up and $0.01 million flowed out of the stock on the tick-down, for a money net flow of $8.22 million into the stock. Of all companies tracked, Cantel Medical Corp. had the 8th highest net in-flow for the day. Cantel Medical Corp. traded down ($0.05) for the day and closed at $81.16

Several research firms have issued reports on CMD. Zacks Investment Research upgraded Cantel Medical Corp. from a “sell” rating to a “hold” rating in a research note on Tuesday, August 8th. 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 note on Wednesday, August 2nd. Benchmark Co. lowered Cantel Medical Corp. from a “buy” rating to a “hold” rating in a research note on Friday, June 9th. Finally, Needham & Company LLC restated a “hold” rating on shares of Cantel Medical Corp. in a research note on Thursday, June 8th. Four research analysts have rated the stock with a hold rating and one has given a buy rating to the stock. Cantel Medical Corp. presently has a consensus rating of “Hold” and a consensus target price of $91.67.

The stock has a market cap of $3.37 billion, a P/E ratio of 48.00 and a beta of 1.23. The company’s 50-day moving average is $76.65 and its 200-day moving average is $76.65.

Cantel Medical Corp. (NYSE:CMD) last posted its earnings results on Thursday, June 8th. The company reported $0.51 EPS for the quarter, hitting the Thomson Reuters’ consensus estimate of $0.51. Cantel Medical Corp. had a net margin of 9.50% and a return on equity of 17.75%. The firm had revenue of $192.10 million for the quarter, compared to analysts’ expectations of $193.84 million. The business’s quarterly revenue was up 10.6% on a year-over-year basis. On average, analysts expect that Cantel Medical Corp. will post $2.06 EPS for the current fiscal year.

In related news, Chairman Charles M. Diker sold 35,000 shares of Cantel Medical Corp. stock in a transaction that occurred on Wednesday, July 12th. The shares were sold at an average price of $75.52, for a total value of $2,643,200.00. Following the sale, the chairman now owns 3,114,520 shares of the company’s stock, valued at approximately $235,208,550.40. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website. Also, Chairman Charles M. Diker sold 13,000 shares of Cantel Medical Corp. stock in a transaction that occurred on Monday, June 12th. The stock was sold at an average price of $76.36, for a total transaction of $992,680.00. Following the completion of the sale, the chairman now directly owns 3,124,222 shares in the company, valued at approximately $238,565,591.92. The disclosure for this sale can be found here. Insiders own 14.90% of the company’s stock.

Several large investors have recently bought and sold shares of the stock. Navellier & Associates Inc bought a new stake in shares of Cantel Medical Corp. in the 2nd quarter worth approximately $275,000. Kimelman & Baird LLC bought a new stake in shares of Cantel Medical Corp. in the 2nd quarter worth approximately $17,459,000. Ashford Capital Management Inc. bought a new stake in shares of Cantel Medical Corp. in the 2nd quarter worth approximately $347,000. Koch Industries Inc. bought a new stake in shares of Cantel Medical Corp. in the 2nd quarter worth approximately $407,000. Finally, 1st Global Advisors Inc. bought a new stake in shares of Cantel Medical Corp. in the 2nd quarter worth approximately $593,000. 84.28% of the stock is currently owned by institutional investors.

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About Cantel Medical Corp.

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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