Shares of Cintas Co. (NASDAQ:CTAS – Get Rating) have been given an average recommendation of "Moderate Buy" by the eleven analysts that are currently covering the stock, Marketbeat.com reports. Two analysts have rated the stock with a hold rating and three have issued a buy rating on the company. The average twelve-month price objective among analysts that have issued ratings on the stock in the last year is $438.22.
Several research analysts have recently weighed in on CTAS shares. Wells Fargo & Company started coverage on shares of Cintas in a research note on Tuesday, July 12th. They set an "equal weight" rating and a $393.00 price objective on the stock. Royal Bank of Canada decreased their price target on shares of Cintas from $475.00 to $450.00 in a research note on Friday, July 15th. Deutsche Bank Aktiengesellschaft decreased their price target on shares of Cintas from $517.00 to $465.00 and set a "buy" rating on the stock in a research note on Tuesday, July 5th. Morgan Stanley upped their price target on shares of Cintas from $352.00 to $373.00 in a research note on Thursday. Finally, Robert W. Baird decreased their price target on shares of Cintas from $475.00 to $450.00 and set an "outperform" rating on the stock in a research note on Thursday.
Cintas Stock Down 0.3 %
Cintas stock opened at $388.19 on Monday. The firm has a market capitalization of $39.61 billion, a PE ratio of 32.54, a P/E/G ratio of 3.32 and a beta of 1.44. The company's 50-day moving average is $415.71 and its 200-day moving average is $399.77. Cintas has a fifty-two week low of $343.86 and a fifty-two week high of $461.44. The company has a debt-to-equity ratio of 0.77, a current ratio of 1.72 and a quick ratio of 1.51.
Cintas Increases Dividend
The firm also recently disclosed a quarterly dividend, which was paid on Thursday, September 15th. Shareholders of record on Monday, August 15th were issued a $1.15 dividend. The ex-dividend date was Friday, August 12th. This represents a $4.60 dividend on an annualized basis and a yield of 1.18%. This is an increase from Cintas's previous quarterly dividend of $0.95. Cintas's payout ratio is currently 38.56%.
Institutional Trading of Cintas
Institutional investors and hedge funds have recently made changes to their positions in the company. Federated Hermes Inc. increased its position in Cintas by 1.1% during the 2nd quarter. Federated Hermes Inc. now owns 18,566 shares of the business services provider's stock worth $6,936,000 after purchasing an additional 207 shares in the last quarter. Royal London Asset Management Ltd. increased its position in Cintas by 3.0% during the 2nd quarter. Royal London Asset Management Ltd. now owns 30,367 shares of the business services provider's stock worth $11,350,000 after purchasing an additional 887 shares in the last quarter. Amundi increased its position in Cintas by 39.7% during the 2nd quarter. Amundi now owns 137,499 shares of the business services provider's stock worth $53,231,000 after purchasing an additional 39,091 shares in the last quarter. Verition Fund Management LLC acquired a new position in Cintas during the 2nd quarter worth approximately $1,961,000. Finally, Prelude Capital Management LLC acquired a new position in Cintas during the 2nd quarter worth approximately $1,907,000. Institutional investors own 76.66% of the company's stock.
机构投资者和对冲基金最近对他们在该公司的头寸进行了调整。联合爱马仕公司第二季度将其在Cintas的持仓增加了1.1%。联合爱马仕公司目前持有这家商业服务提供商18,566股股票，价值6，93.6万美元，该公司在上个季度又购买了207股。皇家伦敦资产管理有限公司(Royal London Asset Management Ltd.)第二季度将其在Cintas的持仓增加了3.0%。皇家伦敦资产管理有限公司(Royal London Asset Management Ltd.)目前持有30,367股这家商业服务提供商的股票，价值11,350,000美元。该公司在上个季度又购买了887股。Amundi在第二季度将其在Cintas的头寸增加了39.7%。Amundi现在持有这家商业服务提供商137,499股股票，价值53,231,000美元，上个季度又购买了39,091股。Verition Fund Management LLC在第二季度收购了辛塔斯的一个新头寸，价值约1,961,000美元。最后，Prelude Capital Management LLC在第二季度收购了辛塔斯的一个新头寸，价值约1,907,000美元。机构投资者持有该公司76.66%的股票。
Cintas Corporation provides 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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