3,467 Shares in Cintas Co. (CTAS) Purchased by OLD Mission Capital LLC
OLD Mission Capital LLC purchased a new stake in Cintas Co. (NASDAQ:CTAS) during the fourth quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The institutional investor purchased 3,467 shares of the business services provider’s stock, valued at approximately $540,000.
A number of other institutional investors and hedge funds have also bought and sold shares of CTAS. Egerton Capital UK LLP bought a new stake in Cintas in the 4th quarter valued at $239,268,000. Fred Alger Management Inc. raised its stake in Cintas by 1,018.9% in the 4th quarter. Fred Alger Management Inc. now owns 592,705 shares of the business services provider’s stock valued at $92,361,000 after acquiring an additional 539,735 shares during the period. Point72 Asset Management L.P. bought a new stake in Cintas in the 3rd quarter valued at $61,754,000. Artisan Partners Limited Partnership raised its stake in 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 period. Finally, Wells Fargo & Company MN raised its stake in Cintas by 50.7% in the 4th quarter. Wells Fargo & Company MN now owns 715,166 shares of the business services provider’s stock valued at $111,443,000 after acquiring an additional 240,495 shares during the period. Institutional investors and hedge funds own 66.58% of the company’s stock.
A number of research firms recently weighed in on CTAS. Zacks Investment Research cut Cintas from a “buy” rating to a “hold” rating in a research note on Friday, March 9th. ValuEngine upgraded Cintas from a “hold” rating to a “buy” rating in a research note on Thursday, March 1st. Morgan Stanley increased their price target on Cintas from $130.00 to $151.00 and gave the company an “underweight” rating in a research note on Wednesday, January 31st. BidaskClub upgraded Cintas from a “buy” rating to a “strong-buy” rating in a research note on Thursday, February 22nd. Finally, KeyCorp restated an “overweight” rating and issued a $174.00 price target (up previously from $148.00) on shares of Cintas in a research note on Tuesday, December 19th. One research analyst has rated the stock with a sell rating, eight have given a hold rating, six have assigned a buy rating and one has given a strong buy rating to the company. The stock presently has a consensus rating of “Hold” and an average price target of $157.09.
Cintas Co. (CTAS) opened at $173.28 on Friday. The company has a current ratio of 1.77, a quick ratio of 1.53 and a debt-to-equity ratio of 0.99. The firm has a market capitalization of $18,454.51, a price-to-earnings ratio of 34.52, a price-to-earnings-growth ratio of 2.65 and a beta of 0.88. Cintas Co. has a 12-month low of $119.54 and a 12-month high of $178.34.
Cintas (NASDAQ:CTAS) last posted its quarterly earnings data on Thursday, December 21st. The business services provider reported $1.31 earnings per share for the quarter, topping the consensus estimate of $1.27 by $0.04. The firm had revenue of $1.61 billion for the quarter, compared to analysts’ expectations of $1.59 billion. Cintas had a return on equity of 23.23% and a net margin of 9.23%. The company’s quarterly revenue was up 26.4% compared to the same quarter last year. During the same quarter last year, the business earned $1.15 EPS. sell-side analysts forecast that Cintas Co. will post 5.45 earnings per share for the current fiscal year.
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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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