Tudor Investment Corp Et Al Invests $234,000 in Cintas Co. (NASDAQ:CTAS)


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Tudor Investment Corp Et Al acquired a new position in Cintas Co. (NASDAQ:CTAS) during the 4th quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The fund acquired 663 shares of the business services provider’s stock, valued at approximately $234,000.

Several other institutional investors and hedge funds also recently added to or reduced their stakes in the company. BlackRock Inc. increased its holdings in shares of Cintas by 1.6% in the fourth quarter. BlackRock Inc. now owns 6,115,051 shares of the business services provider’s stock worth $2,161,425,000 after buying an additional 93,585 shares during the period. The Manufacturers Life Insurance Company increased its holdings in Cintas by 106.1% during the 4th quarter. The Manufacturers Life Insurance Company now owns 641,541 shares of the business services provider’s stock valued at $226,759,000 after purchasing an additional 330,330 shares during the period. Nuveen Asset Management LLC increased its holdings in Cintas by 14.5% during the 4th quarter. Nuveen Asset Management LLC now owns 551,590 shares of the business services provider’s stock valued at $194,966,000 after purchasing an additional 69,990 shares during the period. King Luther Capital Management Corp increased its holdings in Cintas by 3.4% during the 4th quarter. King Luther Capital Management Corp now owns 519,560 shares of the business services provider’s stock valued at $183,644,000 after purchasing an additional 17,117 shares during the period. Finally, Frontier Capital Management Co. LLC increased its holdings in Cintas by 14.4% during the 4th quarter. Frontier Capital Management Co. LLC now owns 455,184 shares of the business services provider’s stock valued at $160,889,000 after purchasing an additional 57,209 shares during the period. Hedge funds and other institutional investors own 64.08% of the company’s stock.

Shares of CTAS opened at $350.30 on Thursday. The company has a quick ratio of 1.70, a current ratio of 2.06 and a debt-to-equity ratio of 0.64. The business’s 50 day moving average price is $341.84 and its 200-day moving average price is $342.08. Cintas Co. has a 52 week low of $185.51 and a 52 week high of $369.20. The stock has a market cap of $36.79 billion, a P/E ratio of 39.32, a P/E/G ratio of 3.53 and a beta of 1.49.

Cintas (NASDAQ:CTAS) last issued its quarterly earnings results on Tuesday, March 16th. The business services provider reported $2.37 EPS for the quarter, topping analysts’ consensus estimates of $2.22 by $0.15. Cintas had a return on equity of 28.02% and a net margin of 13.90%. The firm had revenue of $1.78 billion for the quarter, compared to analysts’ expectations of $1.76 billion. During the same period in the previous year, the firm posted $2.16 EPS. The business’s revenue for the quarter was down 1.9% compared to the same quarter last year. On average, equities analysts anticipate that Cintas Co. will post 9.49 EPS for the current year.

The business also recently declared a quarterly dividend, which was paid on Monday, March 15th. Stockholders of record on Monday, February 15th were given a $0.75 dividend. This is a boost from Cintas’s previous quarterly dividend of $0.70. This represents a $3.00 dividend on an annualized basis and a dividend yield of 0.86%. The ex-dividend date was Thursday, February 11th. Cintas’s payout ratio is currently 36.99%.

A number of brokerages recently issued reports on CTAS. Royal Bank of Canada boosted their price target on Cintas from $360.00 to $405.00 and gave the company an “outperform” rating in a report on Wednesday, December 23rd. They noted that the move was a valuation call. Northcoast Research restated a “neutral” rating on shares of Cintas in a report on Wednesday, December 23rd. Morgan Stanley boosted their price target on Cintas from $324.00 to $333.00 and gave the company an “equal weight” rating in a report on Wednesday, March 24th. William Blair upgraded Cintas from a “market perform” rating to an “outperform” rating in a report on Tuesday, February 16th. Finally, Stifel Nicolaus upped their target price on Cintas from $323.00 to $365.00 and gave the stock a “hold” rating in a report on Wednesday, December 23rd. One research analyst has rated the stock with a sell rating, six have issued a hold rating and five have given a buy rating to the stock. The stock presently has an average rating of “Hold” and an average target price of $329.78.

Cintas Profile

Cintas Corp. engages in the provision of corporate identity uniform through rental and sales programs. It operates through the following segments: Uniform Rental and Facility Services, First Aid and Safety Services, All Other, and Corporate. The Uniform Rental and Facility Services segment consists of rental and servicing of uniforms and other garments including flame resistant clothing, mats, mops and shop towels, and other ancillary items.

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Institutional Ownership by Quarter for Cintas (NASDAQ:CTAS)

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