Gulf International Bank UK Ltd grew its stake in shares of Cintas Co. (NASDAQ:CTAS) by 1.5% during the third quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The fund owned 29,483 shares of the business services provider’s stock after buying an additional 450 shares during the quarter. Gulf International Bank UK Ltd’s holdings in Cintas were worth $5,832,000 at the end of the most recent quarter.

Several other large investors also recently made changes to their positions in CTAS. Fort L.P. bought a new position in shares of Cintas during the second quarter valued at about $118,000. Edge Wealth Management LLC bought a new position in shares of Cintas during the second quarter valued at about $133,000. Daiwa SB Investments Ltd. bought a new position in shares of Cintas during the second quarter valued at about $143,000. Polaris Greystone Financial Group LLC bought a new position in shares of Cintas during the third quarter valued at about $154,000. Finally, Piedmont Investment Advisors LLC bought a new position in shares of Cintas during the second quarter valued at about $181,000. 66.74% of the stock is currently owned by hedge funds and other institutional investors.

Cintas stock opened at $179.22 on Friday. The company has a quick ratio of 2.65, a current ratio of 3.10 and a debt-to-equity ratio of 0.76. The stock has a market cap of $19.39 billion, a PE ratio of 30.17, a PEG ratio of 2.08 and a beta of 1.03. Cintas Co. has a 1-year low of $144.82 and a 1-year high of $217.34.

Cintas (NASDAQ:CTAS) last posted its earnings results on Tuesday, September 25th. The business services provider reported $1.93 earnings per share for the quarter, topping the Zacks’ consensus estimate of $1.80 by $0.13. The company had revenue of $1.70 billion during the quarter, compared to analyst estimates of $1.68 billion. Cintas had a net margin of 12.72% and a return on equity of 24.13%. Cintas’s revenue for the quarter was up 5.4% on a year-over-year basis. During the same period in the prior year, the business posted $1.45 earnings per share. Sell-side analysts predict that Cintas Co. will post 7.24 earnings per share for the current year.

The business also recently disclosed an annual dividend, which will be paid on Friday, December 7th. Shareholders of record on Friday, November 9th will be issued a $2.05 dividend. The ex-dividend date of this dividend is Thursday, November 8th. This is a positive change from Cintas’s previous annual dividend of $1.62. This represents a yield of 1.13%. Cintas’s dividend payout ratio (DPR) is 27.27%.

CTAS has been the topic of a number of recent research reports. Morgan Stanley raised their price objective on Cintas from $152.00 to $158.00 and gave the company a “$192.53” rating in a research note on Wednesday, July 18th. Zacks Investment Research upgraded shares of Cintas from a “hold” rating to a “buy” rating and set a $221.00 target price for the company in a report on Friday, September 28th. Robert W. Baird set a $235.00 target price on shares of Cintas and gave the stock a “buy” rating in a report on Wednesday, September 26th. BidaskClub lowered shares of Cintas from a “strong-buy” rating to a “buy” rating in a report on Friday, October 19th. Finally, Nomura reiterated a “hold” rating and set a $188.00 target price on shares of Cintas in a report on Sunday, July 22nd. One analyst has rated the stock with a sell rating, six have assigned a hold rating, eight have issued a buy rating and one has issued a strong buy rating to the company. The stock currently has an average rating of “Buy” and an average target price of $196.33.

TRADEMARK VIOLATION NOTICE: “Gulf International Bank UK Ltd Buys 450 Shares of Cintas Co. (CTAS)” was published by The Cerbat Gem and is owned by of The Cerbat Gem. If you are viewing this report on another domain, it was illegally stolen and reposted in violation of U.S. & international trademark & copyright legislation. The original version of this report can be accessed at https://www.thecerbatgem.com/2018/11/10/gulf-international-bank-uk-ltd-buys-450-shares-of-cintas-co-ctas.html.

Cintas Company Profile

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 and First Aid and Safety Services 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.

See Also: What is the balance sheet?

Institutional Ownership by Quarter for Cintas (NASDAQ:CTAS)

Receive News & Ratings for Cintas Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Cintas and related companies with MarketBeat.com's FREE daily email newsletter.