Cintas Corporation (CTAS) Shares Sold by Citizens Financial Group Inc. RI
Citizens Financial Group Inc. RI reduced its holdings in Cintas Corporation (NASDAQ:CTAS) by 4.0% in the third quarter, according to the company in its most recent Form 13F filing with the SEC. The institutional investor owned 58,431 shares of the business services provider’s stock after selling 2,442 shares during the quarter. Citizens Financial Group Inc. RI owned about 0.05% of Cintas worth $8,430,000 at the end of the most recent quarter.
A number of other hedge funds have also modified their holdings of the business. University of Notre Dame DU Lac increased its holdings in Cintas by 2.8% in the third quarter. University of Notre Dame DU Lac now owns 35,783 shares of the business services provider’s stock worth $5,163,000 after purchasing an additional 961 shares in the last quarter. Private Advisor Group LLC increased its holdings in shares of Cintas by 66.7% during the third quarter. Private Advisor Group LLC now owns 7,198 shares of the business services provider’s stock valued at $1,076,000 after acquiring an additional 2,880 shares in the last quarter. Invictus RG bought a new stake in shares of Cintas during the third quarter valued at approximately $621,000. Stifel Financial Corp increased its holdings in shares of Cintas by 2.8% during the third quarter. Stifel Financial Corp now owns 299,466 shares of the business services provider’s stock valued at $43,206,000 after acquiring an additional 8,285 shares in the last quarter. Finally, OxFORD Asset Management LLP bought a new stake in shares of Cintas during the third quarter valued at approximately $1,373,000. Institutional investors and hedge funds own 66.85% of the company’s stock.
Several equities research analysts have recently commented on the company. Deutsche Bank restated a “hold” rating and set a $140.00 price objective (up previously from $130.00) on shares of Cintas in a report on Wednesday, September 27th. Zacks Investment Research upgraded Cintas from a “hold” rating to a “buy” rating and set a $150.00 price objective for the company in a report on Thursday, August 24th. Robert W. Baird set a $152.00 price objective on Cintas and gave the company a “buy” rating in a report on Thursday, August 24th. Morgan Stanley restated an “underweight” rating and set a $127.00 price objective (up previously from $117.00) on shares of Cintas in a report on Wednesday, September 27th. Finally, Barclays boosted their price objective on Cintas from $150.00 to $160.00 and gave the company an “overweight” rating in a report on Wednesday, September 27th. One research analyst has rated the stock with a sell rating, nine have issued a hold rating and two have assigned a buy rating to the stock. The company currently has an average rating of “Hold” and an average target price of $144.67.
Cintas Corporation (CTAS) opened at $158.71 on Tuesday. The stock has a market capitalization of $16,742.94, a P/E ratio of 32.01, a P/E/G ratio of 2.45 and a beta of 0.88. The company has a current ratio of 1.84, a quick ratio of 1.57 and a debt-to-equity ratio of 0.99. Cintas Corporation has a 1 year low of $112.96 and a 1 year high of $159.68.
Cintas (NASDAQ:CTAS) last announced its earnings results on Tuesday, September 26th. The business services provider reported $1.48 earnings per share (EPS) for the quarter, beating the Thomson Reuters’ consensus estimate of $1.30 by $0.18. The company had revenue of $1.61 billion for the quarter, compared to analysts’ expectations of $1.57 billion. Cintas had a return on equity of 23.71% and a net margin of 9.79%. Cintas’s quarterly revenue was up 27.2% on a year-over-year basis. During the same quarter in the previous year, the firm earned $1.26 earnings per share. research analysts forecast that Cintas Corporation will post 5.36 EPS for the current year.
The business also recently announced 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 is a boost from Cintas’s previous annual dividend of $1.33. The ex-dividend date of this dividend is Thursday, November 9th. This represents a dividend yield of 1.07%. Cintas’s payout ratio is presently 31.89%.
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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