Arrowstreet Capital Limited Partnership decreased its position in Cintas Co. (NASDAQ:CTAS - Free Report) by 15.4% in the 4th quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The fund owned 883,275 shares of the business services provider's stock after selling 161,138 shares during the period. Arrowstreet Capital Limited Partnership owned approximately 0.22% of Cintas worth $161,374,000 as of its most recent SEC filing.
Several other large investors also recently made changes to their positions in CTAS. Sound Income Strategies LLC acquired a new stake in Cintas in the fourth quarter worth about $27,000. Cyrus J. Lawrence LLC bought a new stake in shares of Cintas during the 4th quarter worth about $29,000. Endeavor Private Wealth Inc. acquired a new stake in shares of Cintas in the 4th quarter worth approximately $31,000. IAG Wealth Partners LLC boosted its holdings in shares of Cintas by 136.8% in the fourth quarter. IAG Wealth Partners LLC now owns 180 shares of the business services provider's stock valued at $33,000 after acquiring an additional 104 shares in the last quarter. Finally, Newbridge Financial Services Group Inc. bought a new position in shares of Cintas in the fourth quarter valued at approximately $34,000. Institutional investors and hedge funds own 63.46% of the company's stock.
Cintas Trading Down 7.1 %
Cintas stock traded down $14.52 during midday trading on Friday, reaching $190.33. The stock had a trading volume of 3,969,161 shares, compared to its average volume of 1,644,646. Cintas Co. has a twelve month low of $162.16 and a twelve month high of $228.12. The company has a debt-to-equity ratio of 0.47, a current ratio of 1.58 and a quick ratio of 1.38. The firm has a market cap of $76.81 billion, a price-to-earnings ratio of 45.89, a PEG ratio of 3.98 and a beta of 1.41. The firm's fifty day simple moving average is $201.48 and its two-hundred day simple moving average is $204.54.
Cintas (NASDAQ:CTAS - Get Free Report) last issued its earnings results on Wednesday, March 26th. The business services provider reported $1.13 EPS for the quarter, topping the consensus estimate of $1.05 by $0.08. The business had revenue of $2.61 billion during the quarter, compared to analysts' expectations of $2.60 billion. Cintas had a return on equity of 40.62% and a net margin of 17.23%. Cintas's revenue was up 8.4% compared to the same quarter last year. During the same quarter last year, the firm posted $3.84 earnings per share. Equities analysts anticipate that Cintas Co. will post 4.31 EPS for the current fiscal year.
Cintas Dividend Announcement
The business also recently disclosed a quarterly dividend, which was paid on Friday, March 14th. Investors of record on Friday, February 14th were given a dividend of $0.39 per share. This represents a $1.56 dividend on an annualized basis and a yield of 0.82%. The ex-dividend date was Friday, February 14th. Cintas's payout ratio is presently 36.11%.
Wall Street Analyst Weigh In
CTAS has been the subject of a number of research analyst reports. Wells Fargo & Company upped their target price on Cintas from $184.00 to $196.00 and gave the stock an "underweight" rating in a research report on Thursday, March 27th. Citigroup started coverage on Cintas in a research note on Monday, February 24th. They set a "sell" rating and a $161.00 target price for the company. UBS Group boosted their price target on shares of Cintas from $218.00 to $240.00 and gave the stock a "buy" rating in a research report on Thursday, March 27th. Royal Bank of Canada reissued a "sector perform" rating and issued a $215.00 price target on shares of Cintas in a report on Thursday, March 27th. Finally, The Goldman Sachs Group increased their target price on shares of Cintas from $211.00 to $233.00 and gave the company a "buy" rating in a research note on Thursday, March 27th. Two research analysts have rated the stock with a sell rating, seven have given a hold rating and five have issued a buy rating to the company. According to data from MarketBeat.com, the company currently has an average rating of "Hold" and a consensus target price of $210.58.
Check Out Our Latest Research Report on Cintas
Cintas Company Profile
(
Free Report)
Cintas Corporation engages in the provision of corporate identity uniforms and related business services primarily in the United States, Canada, and Latin America. It operates through Uniform Rental and Facility Services, First Aid and Safety Services, and All Other 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, as well as sells uniforms.
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