Public Employees Retirement Association of Colorado cut its position in Cintas Corp. (NASDAQ:CTAS) by 3.5% during the third quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The fund owned 17,774 shares of the company’s stock after selling 648 shares during the period. Public Employees Retirement Association of Colorado’s holdings in Cintas Corp. were worth $2,001,000 as of its most recent filing with the SEC.
Several other hedge funds have also recently bought and sold shares of the company. Trust Co. of Vermont purchased a new stake in Cintas Corp. during the third quarter worth approximately $118,000. First Personal Financial Services raised its stake in shares of Cintas Corp. by 38.1% in the second quarter. First Personal Financial Services now owns 1,105 shares of the company’s stock worth $108,000 after buying an additional 305 shares during the period. Mizuho Asset Management Co. Ltd. raised its stake in shares of Cintas Corp. by 50.2% in the second quarter. Mizuho Asset Management Co. Ltd. now owns 1,128 shares of the company’s stock worth $111,000 after buying an additional 377 shares during the period. Quadrant Capital Group LLC raised its stake in shares of Cintas Corp. by 0.8% in the second quarter. Quadrant Capital Group LLC now owns 1,129 shares of the company’s stock worth $106,000 after buying an additional 9 shares during the period. Finally, Checchi Capital Advisers LLC raised its stake in shares of Cintas Corp. by 0.8% in the second quarter. Checchi Capital Advisers LLC now owns 1,376 shares of the company’s stock worth $135,000 after buying an additional 11 shares during the period. 65.25% of the stock is currently owned by institutional investors.
Cintas Corp. (NASDAQ:CTAS) opened at 116.49 on Friday. Cintas Corp. has a 52 week low of $80.00 and a 52 week high of $119.94. The firm has a 50-day moving average price of $108.33 and a 200-day moving average price of $105.15. The stock has a market cap of $12.22 billion, a P/E ratio of 17.51 and a beta of 0.86.
Cintas Corp. (NASDAQ:CTAS) last announced its quarterly earnings data on Tuesday, September 27th. The company reported $1.26 EPS for the quarter, beating the Zacks’ consensus estimate of $1.08 by $0.18. The firm had revenue of $1.29 billion for the quarter. Cintas Corp. had a return on equity of 24.60% and a net margin of 14.63%. The firm’s quarterly revenue was up 7.6% on a year-over-year basis. During the same quarter in the previous year, the business posted $0.93 earnings per share. On average, equities research analysts predict that Cintas Corp. will post $4.60 EPS for the current year.
The company also recently disclosed an annual dividend, which will be paid on Friday, December 2nd. Shareholders of record on Friday, November 4th will be given a $1.33 dividend. This represents a yield of 1.23%. This is a positive change from Cintas Corp.’s previous annual dividend of $1.05. The ex-dividend date is Wednesday, November 2nd. Cintas Corp.’s dividend payout ratio (DPR) is presently 20.24%.
CTAS has been the topic of a number of recent analyst reports. Morgan Stanley reaffirmed an “underweight” rating and set a $80.00 target price (up from $75.00) on shares of Cintas Corp. in a research report on Wednesday, August 17th. KeyCorp boosted their target price on Cintas Corp. from $110.00 to $130.00 and gave the stock an “overweight” rating in a research report on Wednesday, August 17th. Zacks Investment Research lowered Cintas Corp. from a “buy” rating to a “hold” rating in a research report on Thursday, August 4th. Nomura reaffirmed a “buy” rating and set a $135.00 target price (up from $124.00) on shares of Cintas Corp. in a research report on Thursday, August 25th. Finally, Barclays PLC reaffirmed an “overweight” rating and set a $130.00 target price on shares of Cintas Corp. in a research report on Friday, September 30th. One research analyst has rated the stock with a sell rating, five have given a hold rating and five have assigned a buy rating to the company. The company currently has a consensus rating of “Hold” and a consensus target price of $117.50.
About Cintas Corp.
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.