Dynamic Technology Lab Private Ltd acquired a new position in shares of Cintas Corporation (NASDAQ:CTAS) in the 3rd quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The firm acquired 12,570 shares of the business services provider’s stock, valued at approximately $1,813,000.
Other hedge funds also recently made changes to their positions in the company. Parallel Advisors LLC grew its position in shares of Cintas by 4.4% during the 2nd quarter. Parallel Advisors LLC now owns 900 shares of the business services provider’s stock worth $121,000 after buying an additional 38 shares during the period. Mountain Capital Investment Advisors Inc acquired a new stake in shares of Cintas during the 2nd quarter worth approximately $120,000. QS Investors LLC grew its position in shares of Cintas by 1.0% during the 2nd quarter. QS Investors LLC now owns 995 shares of the business services provider’s stock worth $125,000 after buying an additional 10 shares during the period. YorkBridge Wealth Partners LLC grew its position in shares of Cintas by 3.2% during the 2nd quarter. YorkBridge Wealth Partners LLC now owns 1,056 shares of the business services provider’s stock worth $133,000 after buying an additional 33 shares during the period. Finally, First Personal Financial Services grew its position in shares of Cintas by 0.8% during the 2nd quarter. First Personal Financial Services now owns 1,147 shares of the business services provider’s stock worth $145,000 after buying an additional 9 shares during the period. 66.85% of the stock is owned by institutional investors.
Shares of Cintas Corporation (CTAS) traded up $1.21 on Monday, hitting $158.71. The company had a trading volume of 797,215 shares, compared to its average volume of 546,510. Cintas Corporation has a 12 month low of $112.96 and a 12 month high of $159.68. The company has a current ratio of 1.84, a quick ratio of 1.57 and a debt-to-equity ratio of 0.99. The company has a market cap of $16,742.94, a PE ratio of 32.01, a P/E/G ratio of 2.45 and a beta of 0.88.
Cintas (NASDAQ:CTAS) last issued its earnings results on Tuesday, September 26th. The business services provider reported $1.48 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $1.30 by $0.18. Cintas had a return on equity of 23.71% and a net margin of 9.79%. The company had revenue of $1.61 billion for the quarter, compared to analysts’ expectations of $1.57 billion. During the same period last year, the business earned $1.26 EPS. Cintas’s quarterly revenue was up 27.2% compared to the same quarter last year. analysts anticipate that Cintas Corporation will post 5.36 earnings per share for the current fiscal year.
The business also recently disclosed an annual dividend, which will be paid on Friday, December 8th. Shareholders of record on Friday, November 10th will be paid a dividend of $1.62 per share. The ex-dividend date is Thursday, November 9th. This is a boost from Cintas’s previous annual dividend of $1.33. This represents a yield of 1.07%. Cintas’s dividend payout ratio (DPR) is 31.89%.
CTAS has been the subject of several recent analyst reports. Zacks Investment Research raised shares of Cintas from a “hold” rating to a “buy” rating and set a $153.00 price objective for the company in a research report on Thursday, September 21st. Robert W. Baird set a $152.00 price objective on shares of Cintas and gave the stock a “buy” rating in a research report on Thursday, August 24th. BidaskClub raised shares of Cintas from a “sell” rating to a “hold” rating in a research report on Wednesday, August 23rd. Stifel Nicolaus reiterated a “hold” rating and issued a $138.00 target price (up from $136.00) on shares of Cintas in a report on Wednesday, September 27th. Finally, Oppenheimer reiterated a “hold” rating on shares of Cintas in a report on Wednesday, September 27th. One investment analyst has rated the stock with a sell rating, nine have given a hold rating and two have given a buy rating to the company. The stock has an average rating of “Hold” and a consensus price target of $144.67.
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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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