Stone Ridge Asset Management LLC bought a new position in shares of Cintas Co. (NASDAQ:CTAS) during the fourth quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The fund bought 5,512 shares of the business services provider’s stock, valued at approximately $859,000.
Several other hedge funds and other institutional investors have also recently bought and sold shares of CTAS. Raymond James Financial Services Advisors Inc. lifted its position in shares of Cintas by 9.4% during the third quarter. Raymond James Financial Services Advisors Inc. now owns 8,298 shares of the business services provider’s stock worth $1,197,000 after purchasing an additional 713 shares in the last quarter. Principal Financial Group Inc. lifted its position in shares of Cintas by 2.9% during the third quarter. Principal Financial Group Inc. now owns 135,358 shares of the business services provider’s stock worth $19,529,000 after purchasing an additional 3,855 shares in the last quarter. New York State Common Retirement Fund lifted its position in shares of Cintas by 6.0% during the third quarter. New York State Common Retirement Fund now owns 352,700 shares of the business services provider’s stock worth $50,888,000 after purchasing an additional 20,100 shares in the last quarter. Toronto Dominion Bank lifted its position in shares of Cintas by 11.2% during the third quarter. Toronto Dominion Bank now owns 32,571 shares of the business services provider’s stock worth $4,698,000 after purchasing an additional 3,278 shares in the last quarter. Finally, Advisor Group Inc. lifted its position in shares of Cintas by 28.0% during the third quarter. Advisor Group Inc. now owns 4,461 shares of the business services provider’s stock worth $644,000 after purchasing an additional 977 shares in the last quarter. 66.56% of the stock is currently owned by institutional investors and hedge funds.
Shares of Cintas Co. (NASDAQ CTAS) opened at $172.99 on Tuesday. The company has a current ratio of 1.77, a quick ratio of 1.53 and a debt-to-equity ratio of 0.99. Cintas Co. has a 12 month low of $119.54 and a 12 month high of $178.34. The firm has a market cap of $18,452.38, a price-to-earnings ratio of 34.11, a price-to-earnings-growth ratio of 2.65 and a beta of 0.88.
Cintas (NASDAQ:CTAS) last released its earnings results on Thursday, December 21st. The business services provider reported $1.31 earnings per share for the quarter, beating the consensus estimate of $1.27 by $0.04. Cintas had a net margin of 9.23% and a return on equity of 23.23%. The firm had revenue of $1.61 billion during the quarter, compared to analyst estimates of $1.59 billion. During the same quarter in the previous year, the firm earned $1.15 earnings per share. The firm’s revenue for the quarter was up 26.4% compared to the same quarter last year. equities research analysts forecast that Cintas Co. will post 5.45 EPS for the current year.
In other Cintas news, insider James Phillip Holloman sold 12,386 shares of the business’s stock in a transaction on Friday, January 12th. The shares were sold at an average price of $160.92, for a total transaction of $1,993,155.12. Following the completion of the sale, the insider now owns 141,328 shares in the company, valued at $22,742,501.76. The transaction was disclosed in a legal filing with the SEC, which can be accessed through the SEC website. 18.90% of the stock is owned by insiders.
CTAS has been the topic of a number of recent research reports. Royal Bank of Canada reissued a “hold” rating and set a $145.00 target price on shares of Cintas in a research report on Monday, November 20th. BidaskClub raised shares of Cintas from a “sell” rating to a “hold” rating in a report on Tuesday, December 5th. KeyCorp reaffirmed an “overweight” rating and issued a $174.00 price target (up from $148.00) on shares of Cintas in a report on Tuesday, December 19th. Zacks Investment Research raised shares of Cintas from a “hold” rating to a “buy” rating and set a $179.00 price target on the stock in a report on Tuesday, December 19th. Finally, JPMorgan Chase & Co. reaffirmed a “buy” rating and issued a $183.00 price target on shares of Cintas in a report on Friday, December 22nd. One equities research analyst has rated the stock with a sell rating, eight have assigned a hold rating, six have assigned a buy rating and one has assigned a strong buy rating to the company’s stock. The stock currently has a consensus rating of “Hold” and an average target price of $157.09.
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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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