Pathstone Holdings LLC elevated its holdings in shares of Cintas Co. (NASDAQ:CTAS – Free Report) by 428.7% in the course of the third quarter, in keeping with the corporate in its most up-to-date Type 13F submitting with the SEC. The agency owned 60,332 shares of the enterprise providers supplier’s inventory after buying a further 48,921 shares in the course of the quarter. Pathstone Holdings LLC’s holdings in Cintas had been price $12,421,000 as of its most up-to-date submitting with the SEC.
Different institutional traders and hedge funds have additionally purchased and bought shares of the corporate. Atria Investments Inc lifted its stake in shares of Cintas by 291.7% within the third quarter. Atria Investments Inc now owns 22,321 shares of the enterprise providers supplier’s inventory price $4,595,000 after buying a further 16,623 shares in the course of the interval. Allspring World Investments Holdings LLC grew its place in Cintas by 343.9% within the third quarter. Allspring World Investments Holdings LLC now owns 111,599 shares of the enterprise providers supplier’s inventory valued at $22,976,000 after buying a further 86,460 shares in the course of the interval. Artistic Planning lifted its place in Cintas by 34.4% within the 2nd quarter. Artistic Planning now owns 19,351 shares of the enterprise providers supplier’s inventory valued at $13,551,000 after buying a further 4,957 shares within the final quarter. Western Monetary Corp CA elevated its holdings in Cintas by 628.2% in the course of the third quarter. Western Monetary Corp CA now owns 11,797 shares of the enterprise providers supplier’s inventory price $2,429,000 after buying a further 10,177 shares within the final quarter. Lastly, Portside Wealth Group LLC raised its place in Cintas by 361.9% within the third quarter. Portside Wealth Group LLC now owns 1,395 shares of the enterprise providers supplier’s inventory valued at $287,000 after shopping for a further 1,093 shares over the past quarter. Institutional traders personal 63.46% of the corporate’s inventory.
Analyst Upgrades and Downgrades
A number of equities analysts not too long ago weighed in on the inventory. Barclays elevated their value goal on shares of Cintas from $210.00 to $245.00 and gave the corporate an “chubby” score in a analysis report on Friday, September twenty seventh. Wells Fargo & Firm upped their goal value on shares of Cintas from $184.00 to $191.00 and gave the inventory an “underweight” score in a analysis report on Thursday, September twenty sixth. Redburn Atlantic assumed protection on Cintas in a report on Friday, August ninth. They issued a “impartial” score and a $167.50 value goal for the corporate. Royal Financial institution of Canada lifted their value goal on Cintas from $181.00 to $215.00 and gave the corporate a “sector carry out” score in a analysis report on Thursday, September twenty sixth. Lastly, Morgan Stanley lifted their goal value on shares of Cintas from $170.00 to $185.00 and gave the corporate an “equal weight” score in a report on Thursday, September twenty sixth. Two funding analysts have rated the inventory with a promote score, 9 have issued a maintain score and 7 have assigned a purchase score to the corporate. Based on MarketBeat.com, the inventory has a median score of “Maintain” and a consensus value goal of $199.63.
Verify Out Our Newest Analysis Report on CTAS
Cintas Inventory Efficiency
CTAS opened at $218.75 on Thursday. The corporate has a fifty day shifting common of $210.05 and a 200 day shifting common of $196.56. Cintas Co. has a fifty-two week low of $136.87 and a fifty-two week excessive of $227.35. The inventory has a market capitalization of $88.22 billion, a price-to-earnings ratio of 55.24, a PEG ratio of 4.24 and a beta of 1.32. The corporate has a debt-to-equity ratio of 0.50, a fast ratio of 1.33 and a present ratio of 1.53.
Cintas (NASDAQ:CTAS – Get Free Report) final issued its quarterly earnings outcomes on Wednesday, September twenty fifth. The enterprise providers supplier reported $1.10 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $1.00 by $0.10. The corporate had income of $2.50 billion in the course of the quarter, in comparison with the consensus estimate of $2.49 billion. Cintas had a return on fairness of 39.56% and a web margin of 16.80%. Cintas’s income was up 6.8% on a year-over-year foundation. Throughout the identical interval final yr, the corporate earned $3.70 earnings per share. As a gaggle, sell-side analysts forecast that Cintas Co. will submit 4.23 earnings per share for the present fiscal yr.
Cintas Pronounces Dividend
The agency additionally not too long ago disclosed a quarterly dividend, which can be paid on Friday, December thirteenth. Stockholders of report on Friday, November fifteenth can be issued a dividend of $0.39 per share. The ex-dividend date of this dividend is Friday, November fifteenth. This represents a $1.56 annualized dividend and a dividend yield of 0.71%. Cintas’s dividend payout ratio is presently 39.39%.
Cintas 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 via Uniform Rental and Facility Companies, First Assist and Security Companies, 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 objects; and gives restroom cleansing providers and provides, in addition to sells uniforms.
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