Jefferies Group LLC purchased a new stake in shares of Cintas Co. (NASDAQ:CTAS) in the third quarter, according to its most recent disclosure with the Securities and Exchange Commission. The firm purchased 20,899 shares of the business services provider’s stock, valued at approximately $4,134,000.

Other hedge funds and other institutional investors have also recently added to or reduced their stakes in the company. Global X Management Co LLC increased its stake in shares of Cintas by 23.3% in the 2nd quarter. Global X Management Co LLC now owns 2,894 shares of the business services provider’s stock valued at $536,000 after buying an additional 546 shares during the period. Raymond James Financial Services Advisors Inc. increased its stake in shares of Cintas by 30.4% in the 2nd quarter. Raymond James Financial Services Advisors Inc. now owns 11,262 shares of the business services provider’s stock valued at $2,084,000 after buying an additional 2,626 shares during the period. Toronto Dominion Bank increased its stake in shares of Cintas by 19.7% in the 2nd quarter. Toronto Dominion Bank now owns 55,976 shares of the business services provider’s stock valued at $10,357,000 after buying an additional 9,199 shares during the period. Moneta Group Investment Advisors LLC increased its stake in shares of Cintas by 105.2% in the 2nd quarter. Moneta Group Investment Advisors LLC now owns 1,375 shares of the business services provider’s stock valued at $254,000 after buying an additional 705 shares during the period. Finally, Pensionfund Sabic acquired a new stake in shares of Cintas in the 3rd quarter valued at $1,721,000. 66.37% of the stock is owned by institutional investors.

NASDAQ:CTAS opened at $171.40 on Friday. Cintas Co. has a 12-month low of $147.38 and a 12-month high of $217.34. The company has a debt-to-equity ratio of 0.76, a quick ratio of 2.65 and a current ratio of 3.10. The firm has a market capitalization of $19.01 billion, a PE ratio of 28.86, a P/E/G ratio of 2.04 and a beta of 1.03.

Cintas (NASDAQ:CTAS) last posted its quarterly earnings results on Tuesday, September 25th. The business services provider reported $1.93 earnings per share (EPS) for the quarter, topping the Thomson Reuters’ consensus estimate of $1.80 by $0.13. Cintas had a return on equity of 24.13% and a net margin of 12.72%. The business had revenue of $1.70 billion for the quarter, compared to analyst estimates of $1.68 billion. During the same period last year, the company earned $1.45 EPS. The firm’s revenue was up 5.4% on a year-over-year basis. Analysts forecast that Cintas Co. will post 7.24 EPS for the current fiscal year.

The business also recently declared an annual dividend, which was paid on Friday, December 7th. Stockholders of record on Friday, November 9th were given a $2.05 dividend. This is a positive change from Cintas’s previous annual dividend of $1.62. This represents a dividend yield of 1.13%. The ex-dividend date was Thursday, November 8th. Cintas’s dividend payout ratio (DPR) is currently 34.51%.

Several equities research analysts have recently commented on the company. ValuEngine cut Cintas from a “buy” rating to a “hold” rating in a research note on Friday. Bank of America assumed coverage on Cintas in a research note on Tuesday, October 23rd. They issued a “neutral” rating and a $200.00 target price for the company. Credit Suisse Group assumed coverage on Cintas in a research note on Friday, August 10th. They issued a “neutral” rating and a $205.00 target price for the company. BidaskClub cut Cintas from a “strong-buy” rating to a “buy” rating in a research note on Wednesday. Finally, Royal Bank of Canada assumed coverage on Cintas in a research note on Monday, November 19th. They issued an “outperform” rating and a $215.00 target price for the company. One investment analyst has rated the stock with a sell rating, seven have given a hold rating, seven have assigned a buy rating and one has assigned a strong buy rating to the company. The company has an average rating of “Buy” and a consensus price target of $202.17.

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About Cintas

Cintas Corporation provides corporate identity uniforms and related business services primarily in North America, Latin America, Europe, and Asia. It operates through Uniform Rental and Facility Services and First Aid and Safety Services segments. The company rents and services uniforms and other garments, including flame resistant clothing, mats, mops and shop towels, and other ancillary items; and provides restroom cleaning services and supplies, and carpet and tile cleaning services, as well as sells uniforms directly.

Further Reading: Institutional Investors

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Institutional Ownership by Quarter for Cintas (NASDAQ:CTAS)

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