Trexquant Investment LP acquired a new position in Cintas Corporation (NASDAQ:CTAS) during the third quarter, according to the company in its most recent disclosure with the SEC. The firm acquired 17,531 shares of the business services provider’s stock, valued at approximately $2,529,000. Cintas accounts for approximately 0.6% of Trexquant Investment LP’s portfolio, making the stock its 3rd largest holding.
Several other hedge funds have also recently added to or reduced their stakes in the stock. Vanguard Group Inc. increased its stake in Cintas by 2.1% during the 2nd quarter. Vanguard Group Inc. now owns 9,266,612 shares of the business services provider’s stock valued at $1,167,964,000 after buying an additional 191,507 shares during the period. BlackRock Inc. increased its stake in Cintas by 2.2% during the 2nd quarter. BlackRock Inc. now owns 6,607,462 shares of the business services provider’s stock valued at $832,804,000 after buying an additional 142,118 shares during the period. FMR LLC increased its stake in Cintas by 20.3% during the 2nd quarter. FMR LLC now owns 1,705,533 shares of the business services provider’s stock valued at $214,965,000 after buying an additional 288,029 shares during the period. Artisan Partners Limited Partnership increased its stake in Cintas by 5.3% during the 2nd quarter. Artisan Partners Limited Partnership now owns 1,372,990 shares of the business services provider’s stock valued at $173,052,000 after buying an additional 68,669 shares during the period. Finally, Janus Henderson Group PLC increased its stake in Cintas by 10,719.0% during the 2nd quarter. Janus Henderson Group PLC now owns 1,113,279 shares of the business services provider’s stock valued at $140,318,000 after buying an additional 1,102,989 shares during the period. 66.73% of the stock is currently owned by institutional investors and hedge funds.
Several research firms have commented on CTAS. Royal Bank Of Canada reissued a “hold” rating and set a $145.00 target price on shares of Cintas in a research note on Monday, November 20th. Zacks Investment Research cut shares of Cintas from a “buy” rating to a “hold” rating in a research note on Thursday, November 9th. Robert W. Baird reissued an “outperform” rating and set a $165.00 target price (up previously from $152.00) on shares of Cintas in a research note on Thursday, September 28th. Oppenheimer Holdings, Inc. reissued a “hold” rating on shares of Cintas in a research note on Wednesday, September 27th. Finally, Deutsche Bank AG reissued a “hold” rating and set a $140.00 target price (up previously from $130.00) on shares of Cintas in a research note on Wednesday, September 27th. One investment analyst has rated the stock with a sell rating, nine have given a hold rating and two have issued a buy rating to the stock. The stock presently has an average rating of “Hold” and an average target price of $144.67.
Cintas Corporation (NASDAQ CTAS) opened at $147.71 on Monday. The stock has a market cap of $15,702.17, a P/E ratio of 30.02, a PEG ratio of 2.30 and a beta of 0.87. The company has a quick ratio of 1.57, a current ratio of 1.84 and a debt-to-equity ratio of 0.99. Cintas Corporation has a 52 week low of $112.96 and a 52 week high of $152.83.
Cintas (NASDAQ:CTAS) last announced its quarterly earnings data on Tuesday, September 26th. The business services provider reported $1.48 earnings per share (EPS) for the quarter, topping the Thomson Reuters’ consensus estimate of $1.30 by $0.18. The company had revenue of $1.61 billion for the quarter, compared to analysts’ expectations of $1.57 billion. Cintas had a net margin of 9.79% and a return on equity of 23.71%. The business’s revenue was up 27.2% compared to the same quarter last year. During the same quarter in the previous year, the company posted $1.26 EPS. research analysts expect that Cintas Corporation will post 5.36 earnings per share for the current fiscal year.
The firm also recently disclosed an annual dividend, which will be paid on Friday, December 8th. Stockholders of record on Friday, November 10th will be paid a $1.62 dividend. The ex-dividend date of this dividend is Thursday, November 9th. This represents a dividend yield of 1.07%. This is a boost from Cintas’s previous annual dividend of $1.33. Cintas’s payout ratio is currently 31.89%.
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Cintas 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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