Cintas Corporation (CTAS) Shares Bought by AMP Capital Investors Ltd
AMP Capital Investors Ltd increased its holdings in shares of Cintas Corporation (NASDAQ:CTAS) by 13.7% in the 3rd quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor owned 28,925 shares of the business services provider’s stock after purchasing an additional 3,489 shares during the quarter. AMP Capital Investors Ltd’s holdings in Cintas were worth $4,173,000 at the end of the most recent reporting period.
Several other large investors have also added to or reduced their stakes in CTAS. Mountain Capital Investment Advisors Inc bought a new position in Cintas during the second quarter valued at approximately $120,000. Parallel Advisors LLC boosted its stake in Cintas by 4.4% during the second quarter. Parallel Advisors LLC now owns 900 shares of the business services provider’s stock valued at $121,000 after buying an additional 38 shares during the last quarter. QS Investors LLC boosted its stake in Cintas by 1.0% during the second quarter. QS Investors LLC now owns 995 shares of the business services provider’s stock valued at $125,000 after buying an additional 10 shares during the last quarter. YorkBridge Wealth Partners LLC boosted its stake in Cintas by 3.2% during the second quarter. YorkBridge Wealth Partners LLC now owns 1,056 shares of the business services provider’s stock valued at $133,000 after buying an additional 33 shares during the last quarter. Finally, First Personal Financial Services boosted its stake in Cintas by 0.8% during the second quarter. First Personal Financial Services now owns 1,147 shares of the business services provider’s stock valued at $145,000 after buying an additional 9 shares during the last quarter. Hedge funds and other institutional investors own 66.85% of the company’s stock.
A number of brokerages recently commented on CTAS. Robert W. Baird reissued an “outperform” rating and set a $165.00 price target (up from $152.00) on shares of Cintas in a research note on Thursday, September 28th. BidaskClub raised Cintas from a “sell” rating to a “hold” rating in a research note on Tuesday, December 5th. William Blair reissued an “ourperform” rating on shares of Cintas in a research note on Wednesday, September 27th. Stifel Nicolaus reissued a “hold” rating and set a $138.00 price target (up from $136.00) on shares of Cintas in a research note on Wednesday, September 27th. Finally, Zacks Investment Research raised Cintas from a “hold” rating to a “buy” rating and set a $153.00 price target for the company in a research note on Thursday, September 21st. One research analyst has rated the stock with a sell rating, nine have issued a hold rating and two have issued a buy rating to the company. Cintas has an average rating of “Hold” and a consensus price target of $144.67.
Shares of Cintas Corporation (CTAS) opened at $158.00 on Friday. The stock has a market capitalization of $16,796.03, a P/E ratio of 32.11, a PEG ratio of 2.46 and a beta of 0.88. Cintas Corporation has a one year low of $112.96 and a one year high of $159.83. 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 (NASDAQ:CTAS) last posted its quarterly earnings data on Tuesday, September 26th. The business services provider reported $1.48 earnings per share (EPS) for the quarter, beating the 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 return on equity of 23.71% and a net margin of 9.79%. The company’s revenue for the quarter was up 27.2% on a year-over-year basis. During the same period last year, the company earned $1.26 EPS. sell-side analysts predict that Cintas Corporation will post 5.36 earnings per share 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 paid a $1.62 dividend. This represents a dividend yield of 1.07%. This is a positive change from Cintas’s previous annual dividend of $1.33. The ex-dividend date of this dividend was Thursday, November 9th. Cintas’s dividend payout ratio (DPR) is presently 31.89%.
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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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