1 week Ago By ABMN Staff
Certuity LLC lifted its holdings in shares of Cintas Co. ( NASDAQ:CTAS – Free Report ) by 12.5% in the second quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission.
The institutional investor owned 767 shares of the business services provider’s stock after acquiring an additional 85 shares during the quarter. Certuity LLC’s holdings in Cintas were worth $537,000 as of its most recent filing with the Securities & Exchange Commission. Other hedge funds have also bought and sold shares of the company.
Acadian Asset Management LLC boosted its position in shares of Cintas by 21.1% in the 2nd quarter. Acadian Asset Management LLC now owns 387,510 shares of the business services provider’s stock worth $271,323,000 after purchasing an additional 67,440 shares in the last quarter.
Norden Group LLC boosted its holdings in Cintas by 2.8% in the second quarter. Norden Group LLC now owns 847 shares of the business services provider’s stock worth $593,000 after acquiring an additional 23 shares in the last quarter.
Cullen Frost Bankers Inc. grew its stake in shares of Cintas by 1.3% in the second quarter.
Cullen Frost Bankers Inc. now owns 1,517 shares of the business services provider’s stock worth $1,062,000 after acquiring an additional 19 shares during the last quarter. Los Angeles Capital Management LLC increased its holdings in shares of Cintas by 123.
1% during the second quarter. Los Angeles Capital Management LLC now owns 366,044 shares of the business services provider’s stock valued at $256,326,000 after acquiring an additional 201,955 shares in the last quarter. Finally, Savant Capital LLC boosted its stake in Cintas by 287.
3% in the 2nd quarter. Savant Capital LLC now owns 2,816 shares of the business services provider’s stock worth $1,972,000 after purchasing an additional 2,089 shares in the last quarter. Institutional investors own 63.
46% of the company’s stock. Cintas Trading Down 2.1 % Shares of CTAS stock opened at $781.
90 on Monday. The company has a debt-to-equity ratio of 0.47, a current ratio of 1.
74 and a quick ratio of 1.52. The company has a market cap of $79.
33 billion, a price-to-earnings ratio of 54.00, a PEG ratio of 4.28 and a beta of 1.
32. Cintas Co. has a 1 year low of $474.
74 and a 1 year high of $812.01. The firm has a fifty day moving average price of $756.
32 and a 200-day moving average price of $700.09. Cintas ( NASDAQ:CTAS – Get Free Report ) last issued its earnings results on Thursday, July 18th.
The business services provider reported $3.99 earnings per share for the quarter, topping the consensus estimate of $3.80 by $0.
19. The company had revenue of $2.47 billion during the quarter, compared to the consensus estimate of $2.
47 billion. Cintas had a net margin of 16.38% and a return on equity of 37.
82%. Cintas’s quarterly revenue was up 8.2% compared to the same quarter last year.
During the same quarter in the prior year, the firm posted $3.33 EPS. As a group, equities analysts predict that Cintas Co.
will post 16.64 earnings per share for the current year. Cintas Increases Dividend The firm also recently declared a quarterly dividend, which was paid on Tuesday, September 3rd.
Investors of record on Thursday, August 15th were issued a $1.56 dividend. The ex-dividend date was Thursday, August 15th.
This is a boost from Cintas’s previous quarterly dividend of $1.35. This represents a $6.
24 dividend on an annualized basis and a yield of 0.80%. Cintas’s payout ratio is currently 43.
09%. Cintas announced that its board has authorized a stock buyback plan on Tuesday, July 23rd that authorizes the company to buyback $1.00 billion in shares.
This buyback authorization authorizes the business services provider to buy up to 1.3% of its shares through open market purchases. Shares buyback plans are typically a sign that the company’s board believes its stock is undervalued.
Analyst Ratings Changes CTAS has been the subject of a number of analyst reports. Robert W. Baird restated a “neutral” rating and set a $775.
00 price objective (up from $750.00) on shares of Cintas in a research note on Friday, July 19th. Truist Financial raised their price target on shares of Cintas from $775.
00 to $850.00 and gave the company a “buy” rating in a research report on Friday, July 19th. Wells Fargo & Company raised Cintas to a “strong sell” rating in a research report on Tuesday, August 13th.
Royal Bank of Canada lowered Cintas from an “outperform” rating to a “sector perform” rating and set a $725.00 target price for the company. in a report on Monday, July 15th.
Finally, Redburn Atlantic assumed coverage on Cintas in a research note on Friday, August 9th. They issued a “neutral” rating and a $670.00 price target for the company.
Two research analysts have rated the stock with a sell rating, eight have assigned a hold rating and seven have issued a buy rating to the stock. Based on data from MarketBeat.com, the company presently has an average rating of “Hold” and a consensus price target of $742.
36. View Our Latest Stock Analysis on CTAS Insiders Place Their Bets In other news, Director Gerald S. Adolph sold 1,100 shares of the business’s stock in a transaction on Wednesday, July 24th.
The shares were sold at an average price of $765.72, for a total value of $842,292.00.
Following the transaction, the director now owns 31,452 shares of the company’s stock, valued at $24,083,425.44. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this link .
15.10% of the stock is currently owned by corporate insiders. Cintas Profile ( Free Report ) Cintas Corporation engages in the provision of corporate identity uniforms and related business services primarily in the United States, Canada, and Latin America.
It operates through Uniform Rental and Facility Services, First Aid and Safety Services, and All Other 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, as well as sells uniforms. Featured Articles Receive News & Ratings for Cintas Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Cintas and related companies with MarketBeat.
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