Cintas (CTAS) Upgraded to “Hold” by BidaskClub
BidaskClub upgraded shares of Cintas (NASDAQ:CTAS) from a sell rating to a hold rating in a research note published on Tuesday morning.
Other equities research analysts have also issued reports about the stock. Oppenheimer reaffirmed a hold rating on shares of Cintas in a report on Wednesday, September 27th. William Blair reaffirmed an ourperform rating on shares of Cintas in a report on Wednesday, September 27th. Zacks Investment Research raised shares of Cintas from a hold rating to a buy rating and set a $150.00 price objective for the company in a report on Thursday, August 24th. Morgan Stanley reaffirmed an underweight rating and set a $127.00 price objective (up from $117.00) on shares of Cintas in a report on Wednesday, September 27th. Finally, Royal Bank Of Canada reaffirmed a hold rating and set a $145.00 price objective on shares of Cintas in a report on Monday, November 20th. One research analyst has rated the stock with a sell rating, nine have given a hold rating and two have given a buy rating to the company. Cintas currently has an average rating of Hold and an average price target of $144.67.
Shares of Cintas (NASDAQ CTAS) opened at $156.28 on Tuesday. The company has a current ratio of 1.84, a quick ratio of 1.57 and a debt-to-equity ratio of 0.99. Cintas has a fifty-two week low of $112.96 and a fifty-two week high of $159.68. The stock has a market cap of $16,871.57, a P/E ratio of 32.26, a price-to-earnings-growth ratio of 2.47 and a beta of 0.88.
The company also recently announced an annual dividend, which will be paid on Friday, December 8th. Stockholders of record on Friday, November 10th will be given a dividend of $1.62 per share. This is an increase from Cintas’s previous annual dividend of $1.33. This represents a dividend yield of 1.07%. The ex-dividend date of this dividend is Thursday, November 9th. Cintas’s dividend payout ratio is currently 31.89%.
Hedge funds and other institutional investors have recently bought and sold shares of the company. Assenagon Asset Management S.A. bought a new position in shares of Cintas during the 3rd quarter valued at approximately $11,296,000. Mitsubishi UFJ Trust & Banking Corp boosted its position in shares of Cintas by 35.3% during the 2nd quarter. Mitsubishi UFJ Trust & Banking Corp now owns 266,155 shares of the business services provider’s stock valued at $33,546,000 after acquiring an additional 69,483 shares during the last quarter. Sumitomo Mitsui Trust Holdings Inc. boosted its position in shares of Cintas by 3.6% during the 2nd quarter. Sumitomo Mitsui Trust Holdings Inc. now owns 270,485 shares of the business services provider’s stock valued at $34,092,000 after acquiring an additional 9,351 shares during the last quarter. black and white Capital LP bought a new position in shares of Cintas during the 2nd quarter valued at approximately $16,385,000. Finally, Caldera Capital LLC boosted its position in shares of Cintas by 32.5% during the 2nd quarter. Caldera Capital LLC now owns 8,149 shares of the business services provider’s stock valued at $1,027,000 after acquiring an additional 1,999 shares during the last quarter. Hedge funds and other institutional investors own 66.85% of the company’s stock.
Cintas 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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