Vinva Investment Management Ltd lifted its position in shares of Cintas Corporation (NASDAQ:CTAS – Free Report) by 20.1% during the 3rd quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The fund owned 28,535 shares of the business services provider’s stock after purchasing an additional 4,771 shares during the period. Vinva Investment Management Ltd’s holdings in Cintas were worth $5,819,000 at the end of the most recent quarter.
Other institutional investors and hedge funds also recently modified their holdings of the company. Munich Reinsurance Co Stock Corp in Munich acquired a new position in Cintas during the third quarter worth approximately $150,000. First Trust Advisors LP raised its stake in Cintas by 2.5% in the third quarter. First Trust Advisors LP now owns 413,665 shares of the business services provider’s stock valued at $84,909,000 after buying an additional 10,249 shares during the period. Foster Dykema Cabot & Partners LLC lifted its position in shares of Cintas by 0.8% in the third quarter. Foster Dykema Cabot & Partners LLC now owns 151,269 shares of the business services provider’s stock valued at $31,048,000 after buying an additional 1,253 shares during the last quarter. Trustmark Bank Trust Department lifted its position in shares of Cintas by 0.7% in the third quarter. Trustmark Bank Trust Department now owns 24,371 shares of the business services provider’s stock valued at $5,002,000 after buying an additional 162 shares during the last quarter. Finally, Aptus Capital Advisors LLC boosted its stake in shares of Cintas by 3.8% during the 3rd quarter. Aptus Capital Advisors LLC now owns 109,366 shares of the business services provider’s stock worth $22,448,000 after acquiring an additional 4,026 shares during the period. 63.46% of the stock is owned by institutional investors.
Cintas Stock Performance
CTAS opened at $203.61 on Monday. The firm has a market cap of $81.42 billion, a P/E ratio of 59.36, a price-to-earnings-growth ratio of 3.67 and a beta of 0.95. Cintas Corporation has a 52-week low of $180.39 and a 52-week high of $229.24. The company has a debt-to-equity ratio of 0.54, a quick ratio of 1.49 and a current ratio of 1.71. The business’s fifty day moving average is $194.35 and its 200-day moving average is $193.81.
Cintas Dividend Announcement
The company also recently announced a quarterly dividend, which will be paid on Friday, March 13th. Shareholders of record on Friday, February 13th will be issued a $0.45 dividend. This represents a $1.80 annualized dividend and a yield of 0.9%. The ex-dividend date of this dividend is Friday, February 13th. Cintas’s dividend payout ratio (DPR) is currently 52.48%.
Wall Street Analyst Weigh In
CTAS has been the topic of a number of research analyst reports. Royal Bank Of Canada restated a “sector perform” rating and issued a $206.00 price target on shares of Cintas in a research note on Friday, December 19th. Bank of America began coverage on shares of Cintas in a research report on Tuesday, February 17th. They set a “neutral” rating and a $215.00 price objective for the company. UBS Group reiterated a “buy” rating on shares of Cintas in a report on Friday, December 19th. Sanford C. Bernstein initiated coverage on shares of Cintas in a research report on Wednesday, November 12th. They issued a “market perform” rating and a $200.00 price objective on the stock. Finally, Rothschild & Co Redburn set a $184.00 target price on shares of Cintas in a research note on Tuesday, November 11th. One research analyst has rated the stock with a Strong Buy rating, five have given a Buy rating, seven have issued a Hold rating and one has given a Sell rating to the stock. According to data from MarketBeat, the stock presently has an average rating of “Hold” and a consensus price target of $218.17.
Read Our Latest Stock Report on CTAS
About Cintas
Cintas Corporation (NASDAQ: CTAS) is a provider of business services and products focused on workplace appearance, safety and facility maintenance. The company is best known for its uniform rental and corporate apparel programs, which include rental, leasing and direct-purchase options, laundering and garment repair. Cintas markets its services to a wide range of end-users, including manufacturing, food service, healthcare, hospitality, retail and government customers.
Beyond uniforms, Cintas offers a suite of facility services and products designed to help organizations maintain clean, safe and compliant workplaces.
Featured Articles
- Five stocks we like better than Cintas
- The gold chart Wall Street is terrified of…
- America’s 1776 happening again
- What a Former CIA Agent Knows About the Coming Collapse
- Elon Musk already made me a “wealthy man”
- Buffett, Gates and Bezos Quietly Dumping Stocks—Here’s Why
Receive News & Ratings for Cintas Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Cintas and related companies with MarketBeat.com's FREE daily email newsletter.
