CENTRAL TRUST Co grew its holdings in Cintas Co. (NASDAQ:CTAS – Free Report) by 243.6% within the third quarter, in keeping with its most up-to-date disclosure with the Securities and Change Fee. The agency owned 4,164 shares of the enterprise companies supplier’s inventory after buying an extra 2,952 shares in the course of the quarter. CENTRAL TRUST Co’s holdings in Cintas had been price $857,000 as of its most up-to-date submitting with the Securities and Change Fee.
A number of different hedge funds and different institutional buyers have additionally modified their holdings of the inventory. Hennion & Walsh Asset Administration Inc. raised its stake in Cintas by 300.7% in the course of the third quarter. Hennion & Walsh Asset Administration Inc. now owns 39,312 shares of the enterprise companies supplier’s inventory valued at $8,094,000 after buying an extra 29,501 shares over the last quarter. Romano Brothers AND Firm raised its place in shares of Cintas by 300.0% in the course of the third quarter. Romano Brothers AND Firm now owns 4,360 shares of the enterprise companies supplier’s inventory valued at $898,000 after shopping for an extra 3,270 shares over the last quarter. Nice Lakes Retirement Inc. lifted its stake in shares of Cintas by 300.0% within the third quarter. Nice Lakes Retirement Inc. now owns 3,324 shares of the enterprise companies supplier’s inventory valued at $684,000 after shopping for an extra 2,493 shares in the course of the interval. Brighton Jones LLC acquired a brand new stake in Cintas in the course of the third quarter price about $239,000. Lastly, Worldwide Belongings Funding Administration LLC purchased a brand new place in Cintas in the course of the third quarter valued at about $403,520,000. Institutional buyers and hedge funds personal 63.46% of the corporate’s inventory.
Analysts Set New Value Targets
A number of analysts have not too long ago weighed in on CTAS shares. Baird R W lowered Cintas from a “strong-buy” score to a “maintain” score in a report on Friday, July nineteenth. The Goldman Sachs Group boosted their worth goal on shares of Cintas from $212.00 to $236.00 and gave the corporate a “purchase” score in a report on Thursday, September twenty sixth. Morgan Stanley raised their worth goal on shares of Cintas from $170.00 to $185.00 and gave the inventory an “equal weight” score in a report on Thursday, September twenty sixth. Jefferies Monetary Group lowered their goal worth on shares of Cintas from $730.00 to $200.00 and set a “maintain” score on the inventory in a analysis observe on Thursday, September twenty sixth. Lastly, Redburn Atlantic started protection on shares of Cintas in a analysis observe on Friday, August ninth. They set a “impartial” score and a $167.50 worth goal for the corporate. Two analysts have rated the inventory with a promote score, 9 have given a maintain score and 7 have issued a purchase score to the inventory. In accordance with MarketBeat, the inventory has a consensus score of “Maintain” and a median goal worth of $199.63.
Learn Our Newest Analysis Report on Cintas
Cintas Value Efficiency
Shares of CTAS inventory opened at $207.41 on Friday. The inventory has a 50-day shifting common worth of $216.20 and a 200 day shifting common worth of $190.02. The corporate has a fast ratio of 1.33, a present ratio of 1.53 and a debt-to-equity ratio of 0.50. The agency has a market cap of $21.04 billion, a price-to-earnings ratio of 14.32, a PEG ratio of 4.12 and a beta of 1.32. Cintas Co. has a 12 month low of $123.65 and a 12 month excessive of $215.37.
Cintas (NASDAQ:CTAS – Get Free Report) final issued its earnings outcomes on Wednesday, September twenty fifth. The enterprise companies supplier reported $1.10 earnings per share (EPS) for the quarter, beating the consensus estimate of $1.00 by $0.10. Cintas had a web margin of 16.80% and a return on fairness of 39.56%. The corporate had income of $2.50 billion for the quarter, in comparison with analyst estimates of $2.49 billion. Throughout the identical quarter final 12 months, the agency earned $3.70 EPS. The corporate’s income for the quarter was up 6.8% on a year-over-year foundation. Analysis analysts anticipate that Cintas Co. will put up 4.23 EPS for the present 12 months.
Cintas introduced that its Board of Administrators has accredited a share repurchase program on Tuesday, July twenty third that authorizes the corporate to buyback $1.00 billion in shares. This buyback authorization authorizes the enterprise companies supplier to repurchase as much as 1.3% of its shares by means of open market purchases. Shares buyback packages are often a sign that the corporate’s management believes its shares are undervalued.
Cintas Profile
Cintas Company engages within the provision of company identification uniforms and associated enterprise companies primarily in america, Canada, and Latin America. It operates by means of Uniform Rental and Facility Companies, First Support and Security Companies, and All Different segments. The corporate rents and companies uniforms and different clothes, together with flame resistant clothes, mats, mops and store towels, and different ancillary gadgets; and supplies restroom cleansing companies and provides, in addition to sells uniforms.
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