Private Advisor Group LLC Acquires 2,880 Shares of Cintas Corporation (CTAS)
Private Advisor Group LLC raised its holdings in Cintas Corporation (NASDAQ:CTAS) by 66.7% in the 3rd quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor owned 7,198 shares of the business services provider’s stock after purchasing an additional 2,880 shares during the period. Private Advisor Group LLC’s holdings in Cintas were worth $1,076,000 at the end of the most recent reporting period.
Other institutional investors and hedge funds have also bought and sold shares of the company. Janus Henderson Group PLC grew its stake in Cintas by 10,719.0% during the second quarter. Janus Henderson Group PLC now owns 1,113,279 shares of the business services provider’s stock valued at $140,318,000 after acquiring an additional 1,102,989 shares in the last quarter. Artisan Partners Limited Partnership grew its stake in Cintas by 29.1% during the third quarter. Artisan Partners Limited Partnership now owns 1,771,864 shares of the business services provider’s stock valued at $255,645,000 after acquiring an additional 398,874 shares in the last quarter. FMR LLC grew its stake in Cintas by 20.3% during the second quarter. FMR LLC now owns 1,705,533 shares of the business services provider’s stock valued at $214,965,000 after acquiring an additional 288,029 shares in the last quarter. Renaissance Technologies LLC grew its stake in Cintas by 412.4% during the second quarter. Renaissance Technologies LLC now owns 341,068 shares of the business services provider’s stock valued at $42,988,000 after acquiring an additional 274,500 shares in the last quarter. Finally, Wells Fargo & Company MN grew its stake in Cintas by 85.0% during the third quarter. Wells Fargo & Company MN now owns 474,671 shares of the business services provider’s stock valued at $68,486,000 after acquiring an additional 218,140 shares in the last quarter. Hedge funds and other institutional investors own 66.85% of the company’s stock.
Several brokerages recently commented on CTAS. BidaskClub raised shares of Cintas from a “sell” rating to a “hold” rating in a research note on Tuesday. Zacks Investment Research raised shares of Cintas from a “hold” rating to a “buy” rating and set a $168.00 price objective for the company in a research note on Tuesday, October 10th. Royal Bank Of Canada reaffirmed a “hold” rating and set a $145.00 price objective on shares of Cintas in a research note on Monday, November 20th. Robert W. Baird reaffirmed an “outperform” rating and set a $165.00 price objective (up previously from $152.00) on shares of Cintas in a research note on Thursday, September 28th. Finally, Oppenheimer reaffirmed a “hold” rating on shares of Cintas in a research note on Wednesday, September 27th. One research analyst has rated the stock with a sell rating, nine have issued a hold rating and two have given a buy rating to the stock. The stock has a consensus rating of “Hold” and an average price target of $144.67.
Shares of Cintas Corporation (NASDAQ CTAS) opened at $159.18 on Friday. Cintas Corporation has a 1 year low of $112.96 and a 1 year high of $159.68. The stock has a market cap of $16,636.64, a P/E ratio of 31.81, a price-to-earnings-growth ratio of 2.43 and a beta of 0.88. The company has a debt-to-equity ratio of 0.99, a quick ratio of 1.57 and a current ratio of 1.84.
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 consensus estimate of $1.30 by $0.18. Cintas had a net margin of 9.79% and a return on equity of 23.71%. The business had revenue of $1.61 billion during the quarter, compared to analyst estimates of $1.57 billion. During the same period in the previous year, the business posted $1.26 earnings per share. Cintas’s revenue for the quarter was up 27.2% on a year-over-year basis. equities research analysts anticipate that Cintas Corporation will post 5.36 EPS for the current year.
The business also recently announced an annual dividend, which was paid on Friday, December 8th. Shareholders of record on Friday, November 10th were given a dividend of $1.62 per share. The ex-dividend date of this dividend was Thursday, November 9th. This is a positive change from Cintas’s previous annual dividend of $1.33. This represents a yield of 1.07%. Cintas’s payout ratio is presently 31.89%.
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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