Cintas Corp. (CTAS) Plans Annual Dividend of $1.33
Cintas Corp. (NASDAQ:CTAS) declared an annual dividend on Wednesday, October 19th. Stockholders of record on Friday, November 4th will be paid a dividend of 1.33 per share on Friday, December 2nd. This represents a dividend yield of 1.23%. The ex-dividend date is Wednesday, November 2nd. This is a positive change from Cintas Corp.’s previous annual dividend of $1.05.
Shares of Cintas Corp. (NASDAQ:CTAS) traded down 0.30% during trading on Wednesday, hitting $108.08. The stock had a trading volume of 549,106 shares. Cintas Corp. has a 52-week low of $80.00 and a 52-week high of $119.94. The firm has a market cap of $11.34 billion, a price-to-earnings ratio of 16.25 and a beta of 0.76. The firm’s 50-day moving average is $113.45 and its 200 day moving average is $101.63.
Cintas Corp. (NASDAQ:CTAS) last issued its earnings results on Tuesday, September 27th. The company reported $1.26 EPS for the quarter, topping analysts’ consensus estimates of $1.08 by $0.18. Cintas Corp. had a return on equity of 24.60% and a net margin of 14.63%. The firm had revenue of $1.29 billion for the quarter. During the same quarter in the previous year, the company earned $0.93 EPS. The firm’s quarterly revenue was up 7.6% compared to the same quarter last year. On average, analysts expect that Cintas Corp. will post $4.60 EPS for the current year.
A number of analysts have recently commented on the company. Nomura restated a “buy” rating on shares of Cintas Corp. in a research note on Sunday, July 17th. Piper Jaffray Cos. reaffirmed a “neutral” rating and issued a $106.00 price target (up previously from $95.00) on shares of Cintas Corp. in a report on Wednesday, July 20th. Zacks Investment Research raised Cintas Corp. from a “hold” rating to a “buy” rating and set a $125.00 price target for the company in a report on Wednesday, October 5th. Robert W. Baird raised Cintas Corp. from a “neutral” rating to an “outperform” rating and upped their price target for the stock from $111.00 to $140.00 in a report on Wednesday, August 17th. Finally, KeyCorp upped their price target on Cintas Corp. from $110.00 to $130.00 and gave the stock an “overweight” rating in a report on Wednesday, August 17th. One investment analyst has rated the stock with a sell rating, five have assigned a hold rating and five have issued a buy rating to the stock. Cintas Corp. presently has an average rating of “Hold” and a consensus target price of $117.10.
In other news, Director Gerald S. Adolph sold 2,000 shares of the company’s stock in a transaction that occurred on Monday, July 25th. The stock was sold at an average price of $108.12, for a total value of $216,240.00. Following the completion of the sale, the director now directly owns 11,590 shares in the company, valued at $1,253,110.80. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through the SEC website. 19.10% of the stock is owned by insiders.
Several large investors have recently bought and sold shares of the stock. Pacer Advisors Inc. raised its stake in Cintas Corp. by 7.8% in the second quarter. Pacer Advisors Inc. now owns 1,765 shares of the company’s stock worth $173,000 after buying an additional 127 shares during the period. Johnson Financial Group Inc. raised its stake in Cintas Corp. by 3,739.1% in the second quarter. Johnson Financial Group Inc. now owns 1,766 shares of the company’s stock worth $173,000 after buying an additional 1,720 shares during the period. Profund Advisors LLC bought a new stake in Cintas Corp. during the second quarter worth about $250,000. Advisor Group Inc. bought a new stake in Cintas Corp. during the second quarter worth about $256,000. Finally, Thrivent Financial for Lutherans raised its stake in Cintas Corp. by 3.5% in the second quarter. Thrivent Financial for Lutherans now owns 2,680 shares of the company’s stock worth $263,000 after buying an additional 90 shares during the period. Institutional investors and hedge funds own 66.96% of the company’s stock.
Cintas Corp. Company Profile
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.
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