Jefferies Group LLC bought a new stake in shares of Cintas Co. (NASDAQ:CTAS) during the third quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The firm bought 20,899 shares of the business services provider’s stock, valued at approximately $4,134,000.
A number of other hedge funds and other institutional investors have also bought and sold shares of CTAS. Janney Montgomery Scott LLC boosted its stake in Cintas by 42.7% during the 2nd quarter. Janney Montgomery Scott LLC now owns 6,530 shares of the business services provider’s stock valued at $1,209,000 after purchasing an additional 1,955 shares during the period. Piedmont Investment Advisors LLC bought a new stake in Cintas during the 2nd quarter valued at approximately $181,000. Aperio Group LLC boosted its stake in Cintas by 3.5% during the 2nd quarter. Aperio Group LLC now owns 38,333 shares of the business services provider’s stock valued at $7,094,000 after purchasing an additional 1,296 shares during the period. Raymond James Financial Services Advisors Inc. lifted its position in shares of Cintas by 30.4% in the 2nd quarter. Raymond James Financial Services Advisors Inc. now owns 11,262 shares of the business services provider’s stock worth $2,084,000 after acquiring an additional 2,626 shares during the period. Finally, Cognios Capital LLC bought a new stake in shares of Cintas in the 2nd quarter worth approximately $954,000. 66.37% of the stock is currently owned by institutional investors and hedge funds.
Cintas stock opened at $171.40 on Friday. The company has a quick ratio of 2.65, a current ratio of 3.10 and a debt-to-equity ratio of 0.76. The company has a market cap of $19.01 billion, a P/E ratio of 28.86, a P/E/G ratio of 2.04 and a beta of 1.03. Cintas Co. has a one year low of $147.38 and a one year high of $217.34.
Cintas (NASDAQ:CTAS) last posted its earnings results on Tuesday, September 25th. The business services provider reported $1.93 EPS for the quarter, topping the Thomson Reuters’ consensus estimate of $1.80 by $0.13. The business had revenue of $1.70 billion during the quarter, compared to the consensus estimate of $1.68 billion. Cintas had a return on equity of 24.13% and a net margin of 12.72%. Cintas’s revenue was up 5.4% on a year-over-year basis. During the same quarter last year, the company earned $1.45 EPS. On average, equities research analysts forecast that Cintas Co. will post 7.24 EPS for the current fiscal year.
The business also recently announced an annual dividend, which was paid on Friday, December 7th. Investors of record on Friday, November 9th were given a dividend of $2.05 per share. This represents a dividend yield of 1.13%. The ex-dividend date of this dividend was Thursday, November 8th. This is an increase from Cintas’s previous annual dividend of $1.62. Cintas’s dividend payout ratio (DPR) is 34.51%.
A number of analysts have commented on CTAS shares. Robert W. Baird set a $235.00 price objective on Cintas and gave the stock a “buy” rating in a research report on Tuesday, October 30th. Zacks Investment Research upgraded Cintas from a “hold” rating to a “buy” rating and set a $221.00 price objective for the company in a research report on Friday, September 28th. BidaskClub downgraded Cintas from a “strong-buy” rating to a “buy” rating in a research report on Friday, October 19th. ValuEngine downgraded Cintas from a “buy” rating to a “hold” rating in a research report on Friday. Finally, Credit Suisse Group started coverage on Cintas in a research report on Friday, August 10th. They issued a “neutral” rating and a $205.00 price objective for the company. One analyst has rated the stock with a sell rating, seven have issued a hold rating, seven have assigned a buy rating and one has issued a strong buy rating to the company’s stock. The company currently has a consensus rating of “Buy” and an average target price of $202.17.
Cintas Corporation provides corporate identity uniforms and related business services primarily in North America, Latin America, Europe, and Asia. It operates through Uniform Rental and Facility Services and First Aid and Safety Services segments. The company rents and services uniforms and other garments, including flame resistant clothing, mats, mops and shop towels, and other ancillary items; and provides restroom cleaning services and supplies, and carpet and tile cleaning services, as well as sells uniforms directly.
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