WINTON GROUP Ltd Sells 11,217 Shares of Cintas Co. (CTAS)

WINTON GROUP Ltd lowered its holdings in shares of Cintas Co. (NASDAQ:CTAS) by 90.5% during the third quarter, HoldingsChannel reports. The firm owned 1,181 shares of the business services provider’s stock after selling 11,217 shares during the period. WINTON GROUP Ltd’s holdings in Cintas were worth $234,000 as of its most recent SEC filing.

Several other institutional investors have also added to or reduced their stakes in CTAS. MainStreet Investment Advisors LLC grew its stake in Cintas by 3.2% in the 2nd quarter. MainStreet Investment Advisors LLC now owns 8,427 shares of the business services provider’s stock valued at $1,560,000 after buying an additional 265 shares during the last quarter. Quad Cities Investment Group LLC grew its stake in Cintas by 17.2% in the 3rd quarter. Quad Cities Investment Group LLC now owns 2,045 shares of the business services provider’s stock valued at $408,000 after buying an additional 300 shares during the last quarter. BB&T Corp grew its stake in Cintas by 9.9% in the 2nd quarter. BB&T Corp now owns 3,544 shares of the business services provider’s stock valued at $655,000 after buying an additional 318 shares during the last quarter. Nissay Asset Management Corp Japan ADV grew its stake in Cintas by 4.7% in the 2nd quarter. Nissay Asset Management Corp Japan ADV now owns 7,431 shares of the business services provider’s stock valued at $1,375,000 after buying an additional 331 shares during the last quarter. Finally, OLD National Bancorp IN grew its stake in Cintas by 1.8% in the 3rd quarter. OLD National Bancorp IN now owns 19,188 shares of the business services provider’s stock valued at $3,795,000 after buying an additional 332 shares during the last quarter. Institutional investors and hedge funds own 65.94% of the company’s stock.

NASDAQ CTAS opened at $180.05 on Friday. The company has a current ratio of 3.10, a quick ratio of 2.65 and a debt-to-equity ratio of 0.76. The firm has a market capitalization of $19.31 billion, a price-to-earnings ratio of 30.31, a P/E/G ratio of 2.08 and a beta of 1.03. Cintas Co. has a 52-week low of $147.38 and a 52-week high of $217.34.

Cintas (NASDAQ:CTAS) last posted its quarterly earnings results on Tuesday, September 25th. The business services provider reported $1.93 earnings per share (EPS) for the quarter, topping the consensus estimate of $1.80 by $0.13. The company had revenue of $1.70 billion for 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%. The business’s quarterly revenue was up 5.4% on a year-over-year basis. During the same period last year, the business posted $1.45 EPS. Research analysts forecast that Cintas Co. will post 7.24 EPS for the current fiscal year.

The firm also recently announced an annual dividend, which will be paid on Friday, December 7th. Stockholders of record on Friday, November 9th will be given a dividend of $2.05 per share. This is a positive change from Cintas’s previous annual dividend of $1.62. This represents a dividend yield of 1.13%. The ex-dividend date is Thursday, November 8th. Cintas’s payout ratio is 34.51%.

CTAS has been the topic of a number of research analyst reports. Zacks Investment Research lowered shares of Cintas from a “hold” rating to a “sell” rating in a research note on Monday, September 24th. Morgan Stanley reiterated a “sell” rating and issued a $178.00 target price (up from $164.00) on shares of Cintas in a research note on Thursday, September 13th. Bank of America initiated coverage on shares of Cintas in a research note on Tuesday, October 23rd. They issued a “neutral” rating and a $200.00 target price on the stock. Credit Suisse Group initiated coverage on shares of Cintas in a research note on Friday, August 10th. They issued a “neutral” rating and a $205.00 target price on the stock. Finally, BidaskClub lowered shares of Cintas from a “strong-buy” rating to a “buy” rating in a research note on Friday, October 19th. One analyst has rated the stock with a sell rating, five have assigned a hold rating, eight have given a buy rating and two have issued a strong buy rating to the company. Cintas has a consensus rating of “Buy” and an average target price of $202.17.

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Cintas 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.

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Institutional Ownership by Quarter for Cintas (NASDAQ:CTAS)

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