Atria Investments Inc lifted its place in shares of Cintas Co. (NASDAQ:CTAS – Free Report) by 291.7% throughout the third quarter, in line with its most up-to-date submitting with the Securities and Trade Fee. The institutional investor owned 22,321 shares of the enterprise providers supplier’s inventory after shopping for a further 16,623 shares throughout the quarter. Atria Investments Inc’s holdings in Cintas had been price $4,595,000 on the finish of the newest quarter.
Different institutional buyers have additionally just lately made modifications to their positions within the firm. Impax Asset Administration Group plc grew its holdings in Cintas by 211.1% throughout the third quarter. Impax Asset Administration Group plc now owns 2,429,272 shares of the enterprise providers supplier’s inventory price $499,236,000 after buying a further 1,648,350 shares within the final quarter. Alecta Tjanstepension Omsesidigt boosted its stake in shares of Cintas by 300.0% throughout the third quarter. Alecta Tjanstepension Omsesidigt now owns 1,630,000 shares of the enterprise providers supplier’s inventory valued at $335,552,000 after buying a further 1,222,500 shares within the final quarter. Congress Asset Administration Co. elevated its holdings in Cintas by 295.6% throughout the third quarter. Congress Asset Administration Co. now owns 784,589 shares of the enterprise providers supplier’s inventory valued at $161,531,000 after shopping for a further 586,271 shares throughout the interval. Authorized & Basic Group Plc raised its stake in Cintas by 0.4% within the second quarter. Authorized & Basic Group Plc now owns 780,265 shares of the enterprise providers supplier’s inventory price $546,388,000 after shopping for a further 3,471 shares within the final quarter. Lastly, Nationwide Pension Service boosted its place in Cintas by 362.8% throughout the third quarter. Nationwide Pension Service now owns 736,193 shares of the enterprise providers supplier’s inventory valued at $151,567,000 after buying a further 577,135 shares within the final quarter. Hedge funds and different institutional buyers personal 63.46% of the corporate’s inventory.
Analyst Rankings Modifications
A number of analysis analysts have just lately commented on the corporate. Wells Fargo & Firm boosted their value goal on Cintas from $184.00 to $191.00 and gave the inventory an “underweight” score in a analysis report on Thursday, September twenty sixth. Morgan Stanley elevated their value goal on shares of Cintas from $170.00 to $185.00 and gave the corporate an “equal weight” score in a analysis report on Thursday, September twenty sixth. Jefferies Monetary Group lower their value goal on shares of Cintas from $730.00 to $200.00 and set a “maintain” score on the inventory in a analysis report on Thursday, September twenty sixth. Barclays boosted their value goal on shares of Cintas from $210.00 to $245.00 and gave the inventory an “obese” score in a analysis be aware on Friday, September twenty seventh. Lastly, Stifel Nicolaus lifted their value goal on shares of Cintas from $166.75 to $199.50 and gave the inventory a “maintain” score in a report on Friday, July nineteenth. Two analysis analysts have rated the inventory with a promote score, 9 have given a maintain score and 7 have issued a purchase score to the corporate. Based mostly on information from MarketBeat.com, the inventory presently has a consensus score of “Maintain” and a median goal value of $199.63.
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Cintas Inventory Efficiency
CTAS opened at $224.73 on Wednesday. The agency has a 50 day shifting common of $219.80 and a two-hundred day shifting common of $194.17. The agency has a market capitalization of $90.63 billion, a PE ratio of 56.75, a P/E/G ratio of 4.45 and a beta of 1.32. The corporate has a present ratio of 1.53, a fast ratio of 1.33 and a debt-to-equity ratio of 0.50. Cintas Co. has a 12-month low of $132.65 and a 12-month excessive of $227.35.
Cintas (NASDAQ:CTAS – Get Free Report) final posted its earnings outcomes on Wednesday, September twenty fifth. The enterprise providers supplier reported $1.10 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $1.00 by $0.10. The corporate had income of $2.50 billion throughout the quarter, in comparison with the consensus estimate of $2.49 billion. Cintas had a internet margin of 16.80% and a return on fairness of 39.56%. The agency’s quarterly income was up 6.8% on a year-over-year foundation. Throughout the identical interval within the earlier yr, the agency posted $3.70 earnings per share. On common, analysts anticipate that Cintas Co. will publish 4.23 EPS for the present yr.
Cintas Publicizes Dividend
The enterprise additionally just lately introduced a quarterly dividend, which shall be paid on Friday, December thirteenth. Buyers of report on Friday, November fifteenth shall be issued a dividend of $0.39 per share. This represents a $1.56 annualized dividend and a yield of 0.69%. The ex-dividend date of this dividend is Friday, November fifteenth. Cintas’s dividend payout ratio (DPR) is 39.39%.
Cintas introduced that its board has authorised a inventory buyback program on Tuesday, July twenty third that authorizes the corporate to repurchase $1.00 billion in excellent shares. This repurchase authorization authorizes the enterprise providers supplier to reacquire as much as 1.3% of its inventory by open market purchases. Inventory repurchase packages are sometimes a sign that the corporate’s administration believes its inventory is undervalued.
Cintas Firm Profile
Cintas Company engages within the provision of company identification uniforms and associated enterprise providers primarily in the US, Canada, and Latin America. It operates by Uniform Rental and Facility Providers, First Support and Security Providers, and All Different segments. The corporate rents and providers uniforms and different clothes, together with flame resistant clothes, mats, mops and store towels, and different ancillary gadgets; and supplies restroom cleansing providers and provides, in addition to sells uniforms.
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