PDT Partners LLC Buys 13,633 Shares of Cintas Co. (NASDAQ:CTAS)

PDT Partners LLC boosted its stake in shares of Cintas Co. (NASDAQ:CTAS) by 175.5% in the 3rd quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund owned 21,400 shares of the business services provider’s stock after purchasing an additional 13,633 shares during the quarter. PDT Partners LLC’s holdings in Cintas were worth $4,406,000 at the end of the most recent quarter.

A number of other hedge funds have also recently bought and sold shares of the stock. Fred Alger Management LLC increased its holdings in shares of Cintas by 286.6% during the 3rd quarter. Fred Alger Management LLC now owns 2,424 shares of the business services provider’s stock worth $499,000 after purchasing an additional 1,797 shares during the period. Verition Fund Management LLC grew its position in Cintas by 164.1% during the third quarter. Verition Fund Management LLC now owns 13,920 shares of the business services provider’s stock worth $2,866,000 after buying an additional 8,649 shares in the last quarter. Captrust Financial Advisors increased its stake in Cintas by 264.6% during the third quarter. Captrust Financial Advisors now owns 95,299 shares of the business services provider’s stock valued at $19,620,000 after acquiring an additional 69,164 shares during the period. Icon Wealth Advisors LLC raised its holdings in Cintas by 297.5% in the 3rd quarter. Icon Wealth Advisors LLC now owns 632 shares of the business services provider’s stock valued at $130,000 after acquiring an additional 473 shares in the last quarter. Finally, Rockefeller Capital Management L.P. lifted its position in shares of Cintas by 290.4% in the 3rd quarter. Rockefeller Capital Management L.P. now owns 127,559 shares of the business services provider’s stock worth $26,287,000 after acquiring an additional 94,882 shares during the period. 63.46% of the stock is owned by institutional investors.

Cintas Trading Up 0.8 %

CTAS stock opened at $225.79 on Friday. The business has a fifty day moving average price of $212.76 and a 200 day moving average price of $198.87. The company has a debt-to-equity ratio of 0.50, a current ratio of 1.53 and a quick ratio of 1.33. Cintas Co. has a fifty-two week low of $136.87 and a fifty-two week high of $228.12. The stock has a market capitalization of $91.06 billion, a price-to-earnings ratio of 57.02, a P/E/G ratio of 4.41 and a beta of 1.32.

Cintas (NASDAQ:CTAS) last released its quarterly earnings results on Wednesday, September 25th. The business services provider reported $1.10 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $1.00 by $0.10. Cintas had a return on equity of 39.56% and a net margin of 16.80%. The business had revenue of $2.50 billion during the quarter, compared to analysts’ expectations of $2.49 billion. During the same period in the previous year, the business posted $3.70 earnings per share. The firm’s revenue for the quarter was up 6.8% compared to the same quarter last year. Analysts expect that Cintas Co. will post 4.23 EPS for the current fiscal year.

Cintas Announces Dividend

The business also recently declared a quarterly dividend, which will be paid on Friday, December 13th. Stockholders of record on Friday, November 15th will be paid a dividend of $0.39 per share. The ex-dividend date of this dividend is Friday, November 15th. This represents a $1.56 annualized dividend and a dividend yield of 0.69%. Cintas’s dividend payout ratio (DPR) is currently 39.39%.

Analyst Upgrades and Downgrades

A number of analysts have recently issued reports on the company. Jefferies Financial Group lowered their price objective on Cintas from $730.00 to $200.00 and set a “hold” rating on the stock in a research report on Thursday, September 26th. Royal Bank of Canada boosted their price target on shares of Cintas from $181.00 to $215.00 and gave the company a “sector perform” rating in a report on Thursday, September 26th. Robert W. Baird raised their price objective on shares of Cintas from $194.00 to $209.00 and gave the stock a “neutral” rating in a report on Thursday, September 26th. Wells Fargo & Company upped their target price on shares of Cintas from $184.00 to $191.00 and gave the company an “underweight” rating in a research note on Thursday, September 26th. Finally, UBS Group raised their price target on shares of Cintas from $219.00 to $240.00 and gave the stock a “buy” rating in a research note on Thursday, September 26th. Two analysts have rated the stock with a sell rating, nine have given a hold rating and seven have given a buy rating to the stock. Based on data from MarketBeat.com, Cintas currently has an average rating of “Hold” and a consensus target price of $199.63.

Cintas Company Profile

Cintas Corporation engages in the provision of 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.