Clarius Group LLC lowered its holdings in Cardinal Well being, Inc. (NYSE:CAH – Free Report) by 3.3% through the third quarter, in keeping with its most up-to-date disclosure with the Securities and Trade Fee (SEC). The agency owned 2,726 shares of the corporate’s inventory after promoting 94 shares through the quarter. Clarius Group LLC’s holdings in Cardinal Well being had been value $301,000 as of its most up-to-date SEC submitting.
Different institutional traders have additionally not too long ago made adjustments to their positions within the firm. Pacer Advisors Inc. boosted its holdings in Cardinal Well being by 9.9% within the second quarter. Pacer Advisors Inc. now owns 4,099,082 shares of the corporate’s inventory valued at $403,022,000 after buying a further 370,181 shares over the past quarter. Acadian Asset Administration LLC grew its holdings in Cardinal Well being by 19.1% through the first quarter. Acadian Asset Administration LLC now owns 3,723,159 shares of the corporate’s inventory value $416,585,000 after buying a further 598,002 shares through the interval. Value T Rowe Associates Inc. MD raised its place in Cardinal Well being by 0.5% through the first quarter. Value T Rowe Associates Inc. MD now owns 2,730,854 shares of the corporate’s inventory valued at $305,584,000 after buying a further 14,030 shares within the final quarter. ProShare Advisors LLC lifted its holdings in Cardinal Well being by 5.1% within the second quarter. ProShare Advisors LLC now owns 1,759,299 shares of the corporate’s inventory valued at $172,974,000 after buying a further 85,247 shares through the interval. Lastly, Renaissance Applied sciences LLC boosted its place in Cardinal Well being by 7.1% within the 2nd quarter. Renaissance Applied sciences LLC now owns 1,683,447 shares of the corporate’s inventory value $165,517,000 after buying a further 111,137 shares within the final quarter. Hedge funds and different institutional traders personal 87.17% of the corporate’s inventory.
Wall Road Analyst Weigh In
A number of analysis corporations have not too long ago weighed in on CAH. Robert W. Baird lifted their goal worth on shares of Cardinal Well being from $130.00 to $137.00 and gave the corporate an “outperform” ranking in a report on Thursday, August fifteenth. Morgan Stanley upped their worth goal on shares of Cardinal Well being from $114.00 to $119.00 and gave the inventory an “obese” ranking in a analysis report on Thursday, August fifteenth. Wells Fargo & Firm raised their goal worth on Cardinal Well being from $95.00 to $101.00 and gave the corporate an “underweight” ranking in a analysis report on Thursday, August fifteenth. Citigroup lowered their worth goal on Cardinal Well being from $115.00 to $107.00 and set a “impartial” ranking for the corporate in a report on Friday, July nineteenth. Lastly, Argus raised their worth goal on Cardinal Well being from $115.00 to $125.00 and gave the corporate a “purchase” ranking in a report on Wednesday, September eleventh. One analysis analyst has rated the inventory with a promote ranking, 4 have assigned a maintain ranking and eight have given a purchase ranking to the inventory. Based mostly on information from MarketBeat, the corporate has a consensus ranking of “Average Purchase” and a median goal worth of $119.36.
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Insider Shopping for and Promoting
In different Cardinal Well being information, CEO Jason M. Hollar offered 26,716 shares of the corporate’s inventory in a transaction on Friday, August sixteenth. The inventory was offered at a median worth of $108.87, for a complete worth of $2,908,570.92. Following the completion of the sale, the chief govt officer now instantly owns 244,091 shares within the firm, valued at $26,574,187.17. This represents a 0.00 % lower of their place. The sale was disclosed in a submitting with the Securities & Trade Fee, which is offered by means of the SEC web site. In different information, CEO Jason M. Hollar offered 26,716 shares of the inventory in a transaction that occurred on Friday, August sixteenth. The shares had been offered at a median worth of $108.87, for a complete worth of $2,908,570.92. Following the completion of the sale, the chief govt officer now owns 244,091 shares of the corporate’s inventory, valued at $26,574,187.17. This represents a 0.00 % lower of their place. The transaction was disclosed in a submitting with the SEC, which is offered at this hyperlink. Additionally, insider Jessica L. Mayer offered 16,573 shares of the corporate’s inventory in a transaction that occurred on Wednesday, August twenty first. The shares had been offered at a median worth of $109.39, for a complete worth of $1,812,920.47. Following the completion of the transaction, the insider now owns 75,971 shares within the firm, valued at $8,310,467.69. This represents a 0.00 % lower of their possession of the inventory. The disclosure for this sale might be discovered right here. During the last 90 days, insiders have offered 113,963 shares of firm inventory value $12,379,980. 0.15% of the inventory is owned by company insiders.
Cardinal Well being Inventory Down 1.2 %
Shares of CAH opened at $112.51 on Friday. The agency’s fifty day shifting common is $109.72 and its two-hundred day shifting common is $103.95. The inventory has a market cap of $27.40 billion, a PE ratio of fifty.00, a price-to-earnings-growth ratio of 1.57 and a beta of 0.60. Cardinal Well being, Inc. has a 52-week low of $90.19 and a 52-week excessive of $116.05.
Cardinal Well being (NYSE:CAH – Get Free Report) final posted its quarterly earnings outcomes on Wednesday, August 14th. The corporate reported $1.84 earnings per share for the quarter, topping analysts’ consensus estimates of $1.74 by $0.10. The agency had income of $59.87 billion for the quarter, in comparison with analyst estimates of $58.74 billion. Cardinal Well being had a web margin of 0.37% and a detrimental return on fairness of 54.85%. Cardinal Well being’s quarterly income was up 12.1% on a year-over-year foundation. Throughout the identical interval within the earlier 12 months, the enterprise posted $1.55 earnings per share. As a bunch, analysis analysts anticipate that Cardinal Well being, Inc. will publish 7.61 earnings per share for the present 12 months.
Cardinal Well being Will increase Dividend
The enterprise additionally not too long ago declared a quarterly dividend, which shall be paid on Tuesday, October fifteenth. Buyers of report on Tuesday, October 1st shall be issued a $0.506 dividend. This represents a $2.02 annualized dividend and a dividend yield of 1.80%. The ex-dividend date of this dividend is Tuesday, October 1st. This can be a increase from Cardinal Well being’s earlier quarterly dividend of $0.51. Cardinal Well being’s dividend payout ratio (DPR) is at the moment 89.78%.
About Cardinal Well being
Cardinal Well being, Inc operates as a healthcare companies and merchandise firm in the USA, Canada, Europe, Asia, and internationally. It supplies custom-made options for hospitals, healthcare programs, pharmacies, ambulatory surgical procedure facilities, scientific laboratories, doctor workplaces, and sufferers within the dwelling.
Advisable Tales
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