Cintas Corporation (CTAS) Shares Sold by Magnetar Financial LLC
Magnetar Financial LLC reduced its position in Cintas Corporation (NASDAQ:CTAS) by 6.3% during the 3rd quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor owned 7,821 shares of the business services provider’s stock after selling 526 shares during the period. Magnetar Financial LLC’s holdings in Cintas were worth $1,128,000 as of its most recent SEC filing.
Several other hedge funds and other institutional investors have also recently added to or reduced their stakes in the company. Mountain Capital Investment Advisors Inc acquired a new position in Cintas during the 2nd quarter worth approximately $120,000. Parallel Advisors LLC lifted its position in Cintas by 4.4% during the 2nd quarter. Parallel Advisors LLC now owns 900 shares of the business services provider’s stock worth $121,000 after acquiring an additional 38 shares in the last quarter. QS Investors LLC lifted its position in Cintas by 1.0% during the 2nd quarter. QS Investors LLC now owns 995 shares of the business services provider’s stock worth $125,000 after acquiring an additional 10 shares in the last quarter. YorkBridge Wealth Partners LLC lifted its position in Cintas by 3.2% during the 2nd quarter. YorkBridge Wealth Partners LLC now owns 1,056 shares of the business services provider’s stock worth $133,000 after acquiring an additional 33 shares in the last quarter. Finally, First Personal Financial Services lifted its position in Cintas by 0.8% during the 2nd quarter. First Personal Financial Services now owns 1,147 shares of the business services provider’s stock worth $145,000 after acquiring an additional 9 shares in the last quarter. 66.85% of the stock is currently owned by institutional investors and hedge funds.
Shares of Cintas Corporation (NASDAQ CTAS) opened at $159.18 on Friday. 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 Corporation has a twelve month low of $112.96 and a twelve month high of $159.68. The stock has a market capitalization of $16,921.47, a P/E ratio of 32.35, a price-to-earnings-growth ratio of 2.48 and a beta of 0.88.
Cintas (NASDAQ:CTAS) last posted its quarterly earnings data on Tuesday, September 26th. The business services provider reported $1.48 earnings per share (EPS) for the quarter, topping the 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 company had revenue of $1.61 billion for the quarter, compared to the consensus estimate of $1.57 billion. During the same period in the previous year, the business earned $1.26 EPS. Cintas’s revenue for the quarter was up 27.2% compared to the same quarter last year. equities analysts anticipate that Cintas Corporation will post 5.36 earnings per share for the current fiscal year.
The firm also recently disclosed an annual dividend, which was paid on Friday, December 8th. Shareholders of record on Friday, November 10th were issued a dividend of $1.62 per share. The ex-dividend date of this dividend was Thursday, November 9th. This is an increase from Cintas’s previous annual dividend of $1.33. This represents a yield of 1.07%. Cintas’s payout ratio is currently 31.89%.
Several equities analysts recently commented on the company. Robert W. Baird reissued an “outperform” rating and set a $165.00 price target (up from $152.00) on shares of Cintas in a research report on Thursday, September 28th. BidaskClub raised Cintas from a “sell” rating to a “hold” rating in a research report on Tuesday, December 5th. William Blair reissued an “ourperform” rating on shares of Cintas in a research report on Wednesday, September 27th. Stifel Nicolaus reissued a “hold” rating and set a $138.00 price target (up from $136.00) on shares of Cintas in a research report on Wednesday, September 27th. Finally, Zacks Investment Research upgraded Cintas from a “hold” rating to a “buy” rating and set a $153.00 price objective on the stock in a report on Thursday, September 21st. One investment analyst has rated the stock with a sell rating, nine have issued a hold rating and two have issued a buy rating to the stock. The stock has an average rating of “Hold” and an average price target 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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