Pitcairn Co. purchased a new position in shares of Cintas Corporation (NASDAQ:CTAS) during the third quarter, according to its most recent disclosure with the SEC. The institutional investor purchased 1,391 shares of the business services provider’s stock, valued at approximately $200,000.
A number of other hedge funds have also recently bought and sold shares of CTAS. Teachers Advisors LLC raised its stake in Cintas Corporation by 3.3% during the 1st quarter. Teachers Advisors LLC now owns 102,048 shares of the business services provider’s stock worth $12,913,000 after buying an additional 3,258 shares during the period. Thrivent Financial For Lutherans raised its stake in Cintas Corporation by 6.0% during the 1st quarter. Thrivent Financial For Lutherans now owns 3,160 shares of the business services provider’s stock worth $400,000 after buying an additional 180 shares during the period. Fox Run Management L.L.C. acquired a new position in Cintas Corporation during the 2nd quarter worth approximately $315,000. Bank of Montreal Can raised its stake in Cintas Corporation by 10.9% during the 2nd quarter. Bank of Montreal Can now owns 50,139 shares of the business services provider’s stock worth $6,319,000 after buying an additional 4,925 shares during the period. Finally, Gateway Investment Advisers LLC raised its stake in shares of Cintas Corporation by 0.4% in the second quarter. Gateway Investment Advisers LLC now owns 6,146 shares of the business services provider’s stock worth $775,000 after purchasing an additional 23 shares during the last quarter. 65.67% of the stock is currently owned by institutional investors and hedge funds.
In related news, Director Gerald S. Adolph sold 2,000 shares of the stock in a transaction that occurred on Tuesday, August 15th. The stock was sold at an average price of $133.69, for a total transaction of $267,380.00. Following the completion of the sale, the director now directly owns 13,135 shares of the company’s stock, valued at $1,756,018.15. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this hyperlink. Company insiders own 18.90% of the company’s stock.
Shares of Cintas Corporation (NASDAQ CTAS) traded up $0.67 on Monday, hitting $146.10. The company had a trading volume of 415,100 shares, compared to its average volume of 537,411. The company has a quick ratio of 1.57, a current ratio of 1.84 and a debt-to-equity ratio of 0.99. The stock has a market capitalization of $15,531.07, a P/E ratio of 29.69, a price-to-earnings-growth ratio of 2.27 and a beta of 0.87. Cintas Corporation has a one year low of $106.99 and a one year high of $152.83.
Cintas Corporation (NASDAQ:CTAS) last issued its quarterly earnings results on Tuesday, September 26th. The business services provider reported $1.48 EPS for the quarter, beating the Zacks’ consensus estimate of $1.30 by $0.18. The company had revenue of $1.61 billion during the quarter, compared to the consensus estimate of $1.57 billion. Cintas Corporation had a return on equity of 23.71% and a net margin of 9.79%. Cintas Corporation’s revenue was up 27.2% on a year-over-year basis. During the same period last year, the business posted $1.26 earnings per share. sell-side analysts anticipate that Cintas Corporation will post 5.36 EPS for the current year.
The firm also recently declared an annual dividend, which will be paid on Friday, December 8th. Investors of record on Friday, November 10th will be given a dividend of $1.62 per share. This represents a dividend yield of 1.07%. This is an increase from Cintas Corporation’s previous annual dividend of $1.33. The ex-dividend date of this dividend is Thursday, November 9th. Cintas Corporation’s dividend payout ratio (DPR) is presently 31.89%.
Several analysts have recently commented on CTAS shares. Stifel Nicolaus increased their price objective on Cintas Corporation from $123.00 to $136.00 and gave the stock a “hold” rating in a research note on Friday, July 21st. Deutsche Bank AG set a $130.00 price objective on Cintas Corporation and gave the stock a “hold” rating in a research note on Friday, July 21st. Royal Bank Of Canada reissued a “hold” rating and issued a $130.00 price objective on shares of Cintas Corporation in a research note on Friday, July 21st. Morgan Stanley reissued an “underweight” rating and issued a $117.00 price objective (up from $107.00) on shares of Cintas Corporation in a research note on Tuesday, July 25th. Finally, BidaskClub downgraded Cintas Corporation from a “hold” rating to a “sell” rating in a research note on Monday, July 31st. One analyst has rated the stock with a sell rating, nine have given a hold rating and two have assigned a buy rating to the stock. Cintas Corporation has an average rating of “Hold” and a consensus target price of $143.00.
Cintas Corporation Company Profile
Cintas Corporation is a provider of corporate identity uniforms through rental and sales programs, as well as a provider of related business services, including entrance mats, restroom cleaning services and supplies, carpet and tile cleaning services, first aid and safety services and fire protection products and services.
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