Bristol Gate Capital Partners Inc. lessened its position in shares of Cintas Corporation (NASDAQ:CTAS) by 3.1% during the third quarter, according to its most recent filing with the Securities & Exchange Commission. The fund owned 228,882 shares of the business services provider’s stock after selling 7,359 shares during the quarter. Cintas Corporation comprises 5.0% of Bristol Gate Capital Partners Inc.’s investment portfolio, making the stock its 2nd biggest holding. Bristol Gate Capital Partners Inc. owned about 0.22% of Cintas Corporation worth $33,023,000 at the end of the most recent quarter.
Other large investors have also recently added to or reduced their stakes in the company. Assenagon Asset Management S.A. purchased a new position in Cintas Corporation during the 3rd quarter worth approximately $11,296,000. Mitsubishi UFJ Trust & Banking Corp grew its stake in Cintas Corporation by 35.3% during the 2nd quarter. Mitsubishi UFJ Trust & Banking Corp now owns 266,155 shares of the business services provider’s stock worth $33,546,000 after buying an additional 69,483 shares during the last quarter. Sumitomo Mitsui Trust Holdings Inc. grew its stake in Cintas Corporation by 3.6% during the 2nd quarter. Sumitomo Mitsui Trust Holdings Inc. now owns 270,485 shares of the business services provider’s stock worth $34,092,000 after buying an additional 9,351 shares during the last quarter. black and white Capital LP purchased a new position in Cintas Corporation during the 2nd quarter worth approximately $16,385,000. Finally, Caldera Capital LLC grew its stake in Cintas Corporation by 32.5% during the 2nd quarter. Caldera Capital LLC now owns 8,149 shares of the business services provider’s stock worth $1,027,000 after buying an additional 1,999 shares during the last quarter. Hedge funds and other institutional investors own 65.67% of the company’s stock.
Cintas Corporation (NASDAQ CTAS) traded up $1.25 on Tuesday, hitting $147.35. The stock had a trading volume of 659,500 shares, compared to its average volume of 537,968. The company has a quick ratio of 1.57, a current ratio of 1.84 and a debt-to-equity ratio of 0.99. The firm has a market cap of $15,660.00, a PE ratio of 29.69, a P/E/G ratio of 2.27 and a beta of 0.87. Cintas Corporation has a 1-year low of $107.97 and a 1-year high of $152.83.
Cintas Corporation (NASDAQ:CTAS) last posted its quarterly earnings results on Tuesday, September 26th. The business services provider reported $1.48 EPS for the quarter, beating the consensus estimate of $1.30 by $0.18. The business had revenue of $1.61 billion during the quarter, compared to analysts’ expectations of $1.57 billion. Cintas Corporation had a return on equity of 23.71% and a net margin of 9.79%. The company’s quarterly revenue was up 27.2% compared to the same quarter last year. During the same period last year, the firm earned $1.26 EPS. sell-side analysts expect that Cintas Corporation will post 5.36 EPS for the current fiscal year.
The firm also recently declared an annual dividend, which will be paid on Friday, December 8th. Stockholders of record on Friday, November 10th will be issued a $1.62 dividend. This is a boost from Cintas Corporation’s previous annual dividend of $1.33. This represents a dividend yield of 1.07%. The ex-dividend date of this dividend is Thursday, November 9th. Cintas Corporation’s dividend payout ratio (DPR) is currently 37.16%.
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A number of research analysts recently issued reports on the company. Zacks Investment Research downgraded Cintas Corporation from a “buy” rating to a “hold” rating in a research note on Thursday, November 9th. Robert W. Baird reiterated an “outperform” rating and issued a $165.00 target price (up from $152.00) on shares of Cintas Corporation in a research note on Thursday, September 28th. Oppenheimer Holdings, Inc. reiterated a “hold” rating on shares of Cintas Corporation in a research note on Wednesday, September 27th. Deutsche Bank AG reiterated a “hold” rating and issued a $140.00 target price (up from $130.00) on shares of Cintas Corporation in a research note on Wednesday, September 27th. Finally, William Blair reiterated an “ourperform” rating on shares of Cintas Corporation in a research note on Wednesday, September 27th. One analyst has rated the stock with a sell rating, nine have assigned a hold rating and two have issued a buy rating to the stock. The company presently has a consensus rating of “Hold” and an average price target of $143.00.
Cintas Corporation Company Profile
Cintas Corporation is a provider of corporate identity uniforms through rental and sales programs, as well as a provider of related business services, including entrance mats, restroom cleaning services and supplies, carpet and tile cleaning services, first aid and safety services and fire protection products and services.
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