Creative Planning grew its stake in shares of Cintas Co. (NASDAQ:CTAS) by 20.3% in the third quarter, according to its most recent filing with the SEC. The institutional investor owned 2,701 shares of the business services provider’s stock after purchasing an additional 455 shares during the period. Creative Planning’s holdings in Cintas were worth $534,000 as of its most recent filing with the SEC.
Other institutional investors and hedge funds also recently modified their holdings of the company. MainStreet Investment Advisors LLC boosted its stake in shares of Cintas by 3.2% in the 2nd quarter. MainStreet Investment Advisors LLC now owns 8,427 shares of the business services provider’s stock worth $1,560,000 after buying an additional 265 shares during the last quarter. Quad Cities Investment Group LLC boosted its stake in shares of Cintas by 17.2% in the 3rd quarter. Quad Cities Investment Group LLC now owns 2,045 shares of the business services provider’s stock worth $408,000 after buying an additional 300 shares during the last quarter. BB&T Corp boosted its stake in shares of Cintas by 9.9% in the 2nd quarter. BB&T Corp now owns 3,544 shares of the business services provider’s stock worth $655,000 after buying an additional 318 shares during the last quarter. Asset Advisors Corp boosted its stake in shares of Cintas by 0.7% in the 2nd quarter. Asset Advisors Corp now owns 47,000 shares of the business services provider’s stock worth $8,698,000 after buying an additional 330 shares during the last quarter. Finally, Nissay Asset Management Corp Japan ADV boosted its stake in shares of Cintas by 4.7% in the 2nd quarter. Nissay Asset Management Corp Japan ADV now owns 7,431 shares of the business services provider’s stock worth $1,375,000 after buying an additional 331 shares during the last quarter. 66.74% of the stock is owned by hedge funds and other institutional investors.
Cintas stock opened at $177.41 on Wednesday. Cintas Co. has a 12 month low of $144.40 and a 12 month high of $217.34. The company has a current ratio of 3.10, a quick ratio of 2.65 and a debt-to-equity ratio of 0.76. The company has a market capitalization of $19.20 billion, a P/E ratio of 28.16, a PEG ratio of 2.06 and a beta of 1.03.
Cintas (NASDAQ:CTAS) last posted its quarterly earnings data on Tuesday, September 25th. The business services provider reported $1.93 EPS for the quarter, beating the consensus estimate of $1.80 by $0.13. Cintas had a return on equity of 24.13% and a net margin of 12.72%. The business had revenue of $1.70 billion for the quarter, compared to the consensus estimate of $1.68 billion. During the same quarter in the prior year, the business earned $1.45 earnings per share. Cintas’s revenue for the quarter was up 5.4% on a year-over-year basis. On average, analysts predict that Cintas Co. will post 7.24 earnings per share for the current year.
The company also recently disclosed an annual dividend, which will be paid on Friday, December 7th. Investors of record on Friday, November 9th will be paid a $2.05 dividend. This is an increase from Cintas’s previous annual dividend of $1.62. The ex-dividend date of this dividend is Thursday, November 8th. This represents a yield of 1.13%. Cintas’s dividend payout ratio is presently 27.27%.
A number of equities analysts have recently weighed in on the company. Robert W. Baird set a $235.00 target price on Cintas and gave the stock a “buy” rating in a research note on Tuesday, October 30th. Bank of America assumed coverage on Cintas in a research note on Tuesday, October 23rd. They issued a “neutral” rating and a $200.00 target price on the stock. BidaskClub downgraded Cintas from a “strong-buy” rating to a “buy” rating in a research note on Friday, October 19th. Morgan Stanley set a $175.00 target price on Cintas and gave the stock a “sell” rating in a research note on Monday, October 15th. Finally, Zacks Investment Research upgraded Cintas from a “hold” rating to a “buy” rating and set a $221.00 target price on the stock in a research note on Friday, September 28th. One investment analyst has rated the stock with a sell rating, six have given a hold rating, eight have assigned a buy rating and one has issued a strong buy rating to the stock. The stock has an average rating of “Buy” and a consensus target price of $196.33.
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Cintas Company Profile
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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