DekaBank Deutsche Girozentrale raised its stake in Cintas Corporation (NASDAQ:CTAS) by 3.3% during the 3rd quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The fund owned 82,630 shares of the business services provider’s stock after purchasing an additional 2,654 shares during the period. DekaBank Deutsche Girozentrale owned 0.08% of Cintas Corporation worth $11,078,000 as of its most recent SEC filing.
A number of other institutional investors also recently made changes to their positions in CTAS. Mountain Capital Investment Advisors Inc purchased a new position in shares of Cintas Corporation during the second quarter worth approximately $120,000. Parallel Advisors LLC lifted its holdings in shares of Cintas Corporation by 4.4% during the second quarter. Parallel Advisors LLC now owns 900 shares of the business services provider’s stock worth $121,000 after purchasing an additional 38 shares during the period. QS Investors LLC lifted its holdings in shares of Cintas Corporation by 1.0% during the second quarter. QS Investors LLC now owns 995 shares of the business services provider’s stock worth $125,000 after purchasing an additional 10 shares during the period. YorkBridge Wealth Partners LLC lifted its holdings in shares of Cintas Corporation by 3.2% during the second quarter. YorkBridge Wealth Partners LLC now owns 1,056 shares of the business services provider’s stock worth $133,000 after purchasing an additional 33 shares during the period. Finally, First Personal Financial Services lifted its holdings in shares of Cintas Corporation by 0.8% during the second quarter. First Personal Financial Services now owns 1,147 shares of the business services provider’s stock worth $145,000 after purchasing an additional 9 shares during the period. Institutional investors own 65.67% of the company’s stock.
Shares of Cintas Corporation (CTAS) traded up $0.61 during trading hours on Friday, hitting $150.11. The stock had a trading volume of 524,000 shares, compared to its average volume of 538,940. The company has a quick ratio of 1.57, a current ratio of 1.84 and a debt-to-equity ratio of 0.99. Cintas Corporation has a 1-year low of $108.99 and a 1-year high of $152.83. The stock has a market cap of $15,960.00, a PE ratio of 30.39, a P/E/G ratio of 2.33 and a beta of 0.87.
Cintas Corporation (NASDAQ:CTAS) last released its quarterly earnings results on Tuesday, September 26th. The business services provider reported $1.48 EPS for the quarter, topping the consensus estimate of $1.30 by $0.18. The firm had revenue of $1.61 billion for the quarter, compared to analyst estimates 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 for the quarter was up 27.2% on a year-over-year basis. During the same period in the previous year, the company posted $1.26 EPS. research analysts expect that Cintas Corporation will post 5.36 EPS for the current year.
The business 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. The ex-dividend date is Thursday, November 9th. This is a positive change from Cintas Corporation’s previous annual dividend of $1.33. This represents a yield of 1.07%. Cintas Corporation’s payout ratio is 37.16%.
Several brokerages recently weighed in on CTAS. BidaskClub raised Cintas Corporation from a “sell” rating to a “hold” rating in a report on Wednesday, August 23rd. Morgan Stanley reissued an “underweight” rating and issued a $117.00 target price (up previously from $107.00) on shares of Cintas Corporation in a report on Tuesday, July 25th. Oppenheimer Holdings, Inc. reissued a “hold” rating on shares of Cintas Corporation in a report on Wednesday, September 27th. William Blair reaffirmed an “ourperform” rating on shares of Cintas Corporation in a research note on Wednesday, September 27th. Finally, Zacks Investment Research downgraded Cintas Corporation from a “buy” rating to a “hold” rating in a research note on Thursday, November 9th. One analyst has rated the stock with a sell rating, nine have issued a hold rating and two have assigned a buy rating to the company. The company has an average rating of “Hold” and a consensus price target 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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