Point72 Asset Management L.P. purchased a new stake in shares of Cintas Corporation (NASDAQ:CTAS) during the 3rd quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The fund purchased 428,016 shares of the business services provider’s stock, valued at approximately $61,754,000. Point72 Asset Management L.P. owned approximately 0.40% of Cintas as of its most recent SEC filing.
Several other institutional investors also recently bought and sold shares of CTAS. Janus Henderson Group PLC boosted its holdings in Cintas by 10,719.0% in the second quarter. Janus Henderson Group PLC now owns 1,113,279 shares of the business services provider’s stock worth $140,318,000 after purchasing an additional 1,102,989 shares in the last quarter. Artisan Partners Limited Partnership boosted its holdings in Cintas by 29.1% in the third quarter. Artisan Partners Limited Partnership now owns 1,771,864 shares of the business services provider’s stock worth $255,645,000 after purchasing an additional 398,874 shares in the last quarter. FMR LLC boosted its holdings in Cintas by 20.3% in the second quarter. FMR LLC now owns 1,705,533 shares of the business services provider’s stock worth $214,965,000 after purchasing an additional 288,029 shares in the last quarter. Renaissance Technologies LLC boosted its holdings in Cintas by 412.4% in the second quarter. Renaissance Technologies LLC now owns 341,068 shares of the business services provider’s stock worth $42,988,000 after purchasing an additional 274,500 shares in the last quarter. Finally, Wells Fargo & Company MN boosted its holdings in Cintas by 85.0% in the third quarter. Wells Fargo & Company MN now owns 474,671 shares of the business services provider’s stock worth $68,486,000 after purchasing an additional 218,140 shares in the last quarter. Institutional investors and hedge funds own 66.85% of the company’s stock.
A number of equities research analysts recently issued reports on the stock. BidaskClub upgraded shares of Cintas from a “sell” rating to a “hold” rating in a report on Tuesday, December 5th. Royal Bank of Canada reiterated a “hold” rating and issued a $145.00 price objective on shares of Cintas in a report on Monday, November 20th. Zacks Investment Research lowered shares of Cintas from a “buy” rating to a “hold” rating in a research report on Thursday, November 9th. Robert W. Baird reissued an “outperform” rating and set a $165.00 target price (up previously from $152.00) on shares of Cintas in a research report on Thursday, September 28th. Finally, Oppenheimer reissued a “hold” rating on shares of Cintas in a research report on Wednesday, September 27th. One investment analyst has rated the stock with a sell rating, nine have given a hold rating and two have assigned a buy rating to the company’s stock. The stock has a consensus rating of “Hold” and a consensus target price of $144.67.
Cintas (NASDAQ:CTAS) last announced its quarterly earnings data 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 business had revenue of $1.61 billion during the quarter, compared to analyst estimates of $1.57 billion. Cintas had a net margin of 9.79% and a return on equity of 23.71%. The firm’s revenue for the quarter was up 27.2% on a year-over-year basis. During the same quarter in the prior year, the business earned $1.26 earnings per share. sell-side analysts forecast that Cintas Corporation will post 5.36 EPS for the current fiscal year.
The business also recently disclosed an annual dividend, which was paid on Friday, December 8th. Stockholders of record on Friday, November 10th were given a dividend of $1.62 per share. The ex-dividend date was Thursday, November 9th. This represents a dividend yield of 1.07%. This is a positive change from Cintas’s previous annual dividend of $1.33. Cintas’s dividend payout ratio is currently 31.89%.
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Cintas 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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