Two Sigma Advisers LP decreased its position in Cintas (NASDAQ:CTAS) by 71.7% during the 4th quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The fund owned 3,717 shares of the business services provider’s stock after selling 9,400 shares during the quarter. Two Sigma Advisers LP’s holdings in Cintas were worth $579,000 as of its most recent SEC filing.
Other institutional investors have also recently bought and sold shares of the company. Northwestern Mutual Wealth Management Co. grew its position in shares of Cintas by 61.1% in the fourth quarter. Northwestern Mutual Wealth Management Co. now owns 941 shares of the business services provider’s stock valued at $147,000 after purchasing an additional 357 shares during the last quarter. Novare Capital Management LLC acquired a new position in shares of Cintas in the fourth quarter valued at approximately $206,000. IBM Retirement Fund acquired a new position in shares of Cintas in the fourth quarter valued at approximately $211,000. Bbva Compass Bancshares Inc. acquired a new position in shares of Cintas in the fourth quarter valued at approximately $215,000. Finally, Alpha Cubed Investments LLC acquired a new position in shares of Cintas in the fourth quarter valued at approximately $225,000. 66.39% of the stock is currently owned by institutional investors.
Shares of CTAS stock opened at $174.16 on Friday. The company has a debt-to-equity ratio of 0.88, a current ratio of 2.16 and a quick ratio of 1.86. The company has a market capitalization of $18,564.10, a P/E ratio of 38.45, a P/E/G ratio of 2.49 and a beta of 0.90. Cintas has a 1 year low of $119.54 and a 1 year high of $178.34.
Cintas (NASDAQ:CTAS) last released its earnings results on Thursday, March 22nd. The business services provider reported $1.37 earnings per share for the quarter, topping the consensus estimate of $1.27 by $0.10. Cintas had a return on equity of 22.86% and a net margin of 11.69%. The firm had revenue of $1.59 billion during the quarter, compared to analysts’ expectations of $1.57 billion. During the same period in the prior year, the company earned $1.11 earnings per share. The company’s quarterly revenue was up 26.6% on a year-over-year basis. analysts predict that Cintas will post 5.82 earnings per share for the current year.
Several research firms have recently commented on CTAS. ValuEngine raised Cintas from a “hold” rating to a “buy” rating in a research report on Thursday, March 1st. BidaskClub upgraded Cintas from a “buy” rating to a “strong-buy” rating in a research note on Thursday, February 22nd. JPMorgan Chase reiterated a “buy” rating and issued a $183.00 price target on shares of Cintas in a research note on Friday, December 22nd. Oppenheimer reiterated a “hold” rating on shares of Cintas in a research note on Friday, December 22nd. Finally, Robert W. Baird reiterated a “buy” rating and issued a $200.00 price target on shares of Cintas in a research note on Friday, March 23rd. One equities research analyst has rated the stock with a sell rating, eight have issued a hold rating, five have given a buy rating and two have issued a strong buy rating to the company. Cintas presently has a consensus rating of “Buy” and an average price target of $168.55.
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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; 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, and carpet and tile cleaning services, as well as sells uniforms directly.
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