Zurcher Kantonalbank Zurich Cantonalbank Grows Holdings in Cintas Corporation (CTAS)
Zurcher Kantonalbank Zurich Cantonalbank raised its position in Cintas Corporation (NASDAQ:CTAS) by 3.4% in the 3rd quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The institutional investor owned 18,786 shares of the business services provider’s stock after acquiring an additional 613 shares during the period. Zurcher Kantonalbank Zurich Cantonalbank’s holdings in Cintas were worth $2,710,000 as of its most recent filing with the Securities & Exchange Commission.
Other hedge funds and other institutional investors also recently made changes to their positions in the company. Assenagon Asset Management S.A. purchased a new position in Cintas during the third quarter worth about $11,296,000. Mitsubishi UFJ Trust & Banking Corp increased its stake in Cintas 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 period. Sumitomo Mitsui Trust Holdings Inc. increased its stake in Cintas 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 period. black and white Capital LP acquired a new position in Cintas during the 2nd quarter worth approximately $16,385,000. Finally, Caldera Capital LLC grew its holdings in Cintas 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 acquiring an additional 1,999 shares in the last quarter. Institutional investors and hedge funds own 66.89% of the company’s stock.
Cintas Corporation (CTAS) opened at $157.44 on Friday. Cintas Corporation has a twelve month low of $112.96 and a twelve month high of $157.81. The firm has a market capitalization of $16,690.00, a price-to-earnings ratio of 30.90, a price-to-earnings-growth ratio of 2.36 and a beta of 0.87. The company has a current ratio of 1.84, a quick ratio of 1.57 and a debt-to-equity ratio of 0.99.
Cintas (NASDAQ:CTAS) last posted its quarterly earnings results on Tuesday, September 26th. The business services provider reported $1.48 EPS for the quarter, topping the Zacks’ consensus estimate of $1.30 by $0.18. Cintas had a return on equity of 23.71% and a net margin of 9.79%. The firm had revenue of $1.61 billion during the quarter, compared to analyst estimates of $1.57 billion. During the same period last year, the company earned $1.26 earnings per share. The business’s revenue for the quarter was up 27.2% on a year-over-year basis. equities research analysts predict that Cintas Corporation will post 5.36 EPS for the current year.
The firm also recently disclosed an annual dividend, which will be paid on Friday, December 8th. Investors of record on Friday, November 10th will be given a $1.62 dividend. This represents a dividend yield of 1.07%. The ex-dividend date of this dividend is Thursday, November 9th. This is an increase from Cintas’s previous annual dividend of $1.33. Cintas’s dividend payout ratio (DPR) is 37.16%.
CTAS has been the topic of several research analyst reports. Zacks Investment Research upgraded Cintas from a “hold” rating to a “buy” rating and set a $168.00 target price on the stock in a report on Tuesday, October 10th. Royal Bank Of Canada restated a “hold” rating and issued a $145.00 price target on shares of Cintas in a research note on Monday, November 20th. Robert W. Baird restated an “outperform” rating and set a $165.00 price objective (up previously from $152.00) on shares of Cintas in a research report on Thursday, September 28th. Oppenheimer reaffirmed a “hold” rating on shares of Cintas in a research note on Wednesday, September 27th. Finally, Deutsche Bank reissued a “hold” rating and issued a $140.00 price objective (up from $130.00) on shares of Cintas in a research note on Wednesday, September 27th. One analyst has rated the stock with a sell rating, nine have given a hold rating and two have assigned a buy rating to the stock. The company presently has a consensus rating of “Hold” and an average target price of $144.67.
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.
Want to see what other hedge funds are holding CTAS? Visit HoldingsChannel.com to get the latest 13F filings and insider trades for Cintas Corporation (NASDAQ:CTAS).
Receive News & Ratings for Cintas Corporation Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Cintas Corporation and related companies with MarketBeat.com's FREE daily email newsletter.