Sterling Capital Management LLC grew its position in shares of Cintas Corporation (NASDAQ:CTAS) by 32.9% during the 3rd quarter, according to the company in its most recent disclosure with the SEC. The fund owned 32,700 shares of the business services provider’s stock after purchasing an additional 8,088 shares during the quarter. Sterling Capital Management LLC’s holdings in Cintas were worth $4,718,000 as of its most recent filing with the SEC.
Other hedge funds have also recently modified their holdings of the company. Parallel Advisors LLC boosted its stake in shares of Cintas by 4.4% during the second 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 second quarter worth about $120,000. QS Investors LLC boosted its stake in shares of Cintas by 1.0% during the second 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 boosted its stake in shares of Cintas by 3.2% during the second 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 boosted its stake in shares of Cintas by 0.8% during the second 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 currently owned by institutional investors.
Shares of Cintas Corporation (NASDAQ:CTAS) opened at $158.00 on Friday. The company has a debt-to-equity ratio of 0.99, a current ratio of 1.84 and a quick ratio of 1.57. The company has a market cap of $16,720.62, a PE ratio of 31.97, a P/E/G ratio of 2.45 and a beta of 0.88. Cintas Corporation has a 12-month low of $112.96 and a 12-month high of $159.83.
Cintas (NASDAQ:CTAS) last announced its quarterly earnings data on Tuesday, September 26th. The business services provider reported $1.48 EPS for the quarter, beating the Zacks’ consensus estimate of $1.30 by $0.18. The firm had revenue of $1.61 billion during the quarter, compared to the consensus estimate of $1.57 billion. Cintas had a net margin of 9.79% and a return on equity of 23.71%. The firm’s revenue was up 27.2% compared to the same quarter last year. During the same quarter last year, the firm earned $1.26 earnings per share. equities analysts forecast that Cintas Corporation will post 5.36 EPS for the current year.
The company also recently disclosed an annual dividend, which was paid on Friday, December 8th. Investors of record on Friday, November 10th were given a $1.62 dividend. The ex-dividend date of this dividend was Thursday, November 9th. This represents a yield of 1.07%. This is an increase from Cintas’s previous annual dividend of $1.33. Cintas’s dividend payout ratio (DPR) is presently 31.89%.
Several equities research analysts have recently weighed in on the stock. BidaskClub upgraded shares of Cintas from a “sell” rating to a “hold” rating in a research note on Wednesday, August 23rd. Oppenheimer reiterated a “hold” rating on shares of Cintas in a research note on Wednesday, September 27th. William Blair reiterated an “ourperform” rating on shares of Cintas in a research note on Wednesday, September 27th. Zacks Investment Research upgraded shares of Cintas from a “hold” rating to a “buy” rating and set a $150.00 target price for the company in a research note on Thursday, August 24th. Finally, Morgan Stanley reiterated an “underweight” rating and set a $127.00 target price (up previously from $117.00) 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 assigned a hold rating and two have issued a buy rating to the company. Cintas presently has a consensus rating of “Hold” and a consensus price target of $144.67.
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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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