Financial Counselors Inc. Sells 449 Shares of Cintas Corporation (CTAS)
Financial Counselors Inc. cut its stake in Cintas Corporation (NASDAQ:CTAS) by 1.7% in the third quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The fund owned 25,792 shares of the business services provider’s stock after selling 449 shares during the quarter. Financial Counselors Inc.’s holdings in Cintas were worth $3,721,000 at the end of the most recent quarter.
Several other hedge funds also recently made changes to their positions in the company. Vanguard Group Inc. increased its stake in shares of Cintas by 2.1% in 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 acquiring an additional 191,507 shares during the last quarter. BlackRock Inc. increased its stake in shares of Cintas by 2.2% in the 2nd quarter. BlackRock Inc. now owns 6,607,462 shares of the business services provider’s stock valued at $832,804,000 after acquiring an additional 142,118 shares during the last quarter. Artisan Partners Limited Partnership increased its stake in shares of Cintas by 29.1% in the 3rd quarter. Artisan Partners Limited Partnership now owns 1,771,864 shares of the business services provider’s stock valued at $255,645,000 after acquiring an additional 398,874 shares during the last quarter. FMR LLC increased its stake in shares of Cintas by 20.3% in the 2nd quarter. FMR LLC now owns 1,705,533 shares of the business services provider’s stock valued at $214,965,000 after acquiring an additional 288,029 shares during the last quarter. Finally, Janus Henderson Group PLC increased its stake in shares of Cintas by 10,719.0% in 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 acquiring an additional 1,102,989 shares during the last quarter. 66.85% of the stock is owned by institutional investors.
Shares of Cintas Corporation (CTAS) opened at $158.71 on Tuesday. Cintas Corporation has a 52 week low of $112.96 and a 52 week high of $159.68. The company has a debt-to-equity ratio of 0.99, a quick ratio of 1.57 and a current ratio of 1.84. The stock has a market capitalization of $16,742.94, a P/E ratio of 32.01, a P/E/G ratio of 2.45 and a beta of 0.88.
Cintas (NASDAQ:CTAS) last posted its earnings results on Tuesday, September 26th. The business services provider reported $1.48 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $1.30 by $0.18. Cintas had a return on equity of 23.71% and a net margin of 9.79%. The business had revenue of $1.61 billion during the quarter, compared to analysts’ expectations of $1.57 billion. During the same period in the prior year, the business earned $1.26 EPS. Cintas’s revenue for the quarter was up 27.2% compared to the same quarter last year. analysts anticipate that Cintas Corporation will post 5.36 earnings per share for the current year.
The firm also recently announced an annual dividend, which will be paid on Friday, December 8th. Investors of record on Friday, November 10th will be paid a dividend of $1.62 per share. This represents a yield of 1.07%. This is a boost from Cintas’s previous annual dividend of $1.33. The ex-dividend date of this dividend is Thursday, November 9th. Cintas’s dividend payout ratio is presently 31.89%.
A number of analysts have recently commented on CTAS shares. Zacks Investment Research cut Cintas from a “buy” rating to a “hold” rating in a research note on Monday, August 7th. BidaskClub raised Cintas from a “sell” rating to a “hold” rating in a research note on Wednesday, August 23rd. Robert W. Baird set a $152.00 price target on Cintas and gave the company a “buy” rating in a research note on Thursday, August 24th. Barclays upped their price target on Cintas from $150.00 to $160.00 and gave the company an “overweight” rating in a research note on Wednesday, September 27th. Finally, Morgan Stanley reissued an “underweight” rating and set a $127.00 target price (up from $117.00) 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 assigned a hold rating and two have given a buy rating to the company. Cintas has an average rating of “Hold” and a consensus target price of $144.67.
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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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