PDT Partners LLC Has $4.41 Million Stock Holdings in Cintas Co. (NASDAQ:CTAS)

PDT Partners LLC lifted its stake in Cintas Co. (NASDAQ:CTAS) by 175.5% in the third quarter, according to its most recent filing with the Securities & Exchange Commission. The firm 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 as of its most recent filing with the Securities & Exchange Commission.

A number of other institutional investors have also recently bought and sold shares of the stock. Janus Henderson Group PLC raised its stake in Cintas by 36.8% during the 1st quarter. Janus Henderson Group PLC now owns 16,137 shares of the business services provider’s stock valued at $11,081,000 after purchasing an additional 4,340 shares during the period. Atria Investments Inc grew its holdings in shares of Cintas by 5.7% during the first quarter. Atria Investments Inc now owns 5,680 shares of the business services provider’s stock valued at $3,903,000 after buying an additional 306 shares in the last quarter. Cetera Investment Advisers raised its position in Cintas by 141.3% during the first quarter. Cetera Investment Advisers now owns 25,498 shares of the business services provider’s stock valued at $17,518,000 after buying an additional 14,930 shares during the period. Cetera Advisors LLC lifted its stake in Cintas by 185.1% in the 1st quarter. Cetera Advisors LLC now owns 8,980 shares of the business services provider’s stock worth $6,170,000 after acquiring an additional 5,830 shares in the last quarter. Finally, Pathway Financial Advisers LLC acquired a new stake in Cintas during the 1st quarter worth about $29,000. Hedge funds and other institutional investors own 63.46% of the company’s stock.

Wall Street Analysts Forecast Growth

A number of brokerages have recently weighed in on CTAS. Robert W. Baird upped their target price on Cintas from $194.00 to $209.00 and gave the company a “neutral” rating in a report on Thursday, September 26th. Barclays upped their price objective on shares of Cintas from $210.00 to $245.00 and gave the company an “overweight” rating in a research note on Friday, September 27th. Jefferies Financial Group decreased their target price on shares of Cintas from $730.00 to $200.00 and set a “hold” rating for the company in a research note on Thursday, September 26th. UBS Group upped 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. Finally, The Goldman Sachs Group lifted their price objective on Cintas from $212.00 to $236.00 and gave the company a “buy” rating in a research report on Thursday, September 26th. Two research analysts have rated the stock with a sell rating, nine have issued a hold rating and seven have issued a buy rating to the company. According to data from MarketBeat, the stock has a consensus rating of “Hold” and an average target price of $199.63.

Cintas Stock Up 0.8 %

Shares of Cintas stock opened at $225.79 on Friday. Cintas Co. has a 12-month low of $136.87 and a 12-month high of $228.12. The stock has a market capitalization of $91.06 billion, a P/E ratio of 57.02, a PEG ratio of 4.41 and a beta of 1.32. The company has a quick ratio of 1.33, a current ratio of 1.53 and a debt-to-equity ratio of 0.50. The stock has a 50 day moving average price of $212.76 and a two-hundred day moving average price of $198.87.

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

Cintas Dividend Announcement

The firm also recently disclosed a quarterly dividend, which will be paid on Friday, December 13th. Stockholders of record on Friday, November 15th will be paid a $0.39 dividend. The ex-dividend date of this dividend is Friday, November 15th. This represents a $1.56 dividend on an annualized basis and a dividend yield of 0.69%. Cintas’s payout ratio is presently 39.39%.

About Cintas

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.