Mixed day for global stocks as market hopes for 'Santa Claus rally'The BGL Automotive Aftermarket Insider – AAPEX/SEMA Show Recap CHICAGO , Dec. 23, 2024 /PRNewswire/ -- Investor interest in automotive aftermarket M&A will remain high in 2025 as favorable tailwinds, including an increasingly aging car parc, more miles traveled, and the proliferation of new technologies, continue to drive the industry forward, according to an industry report released by the Automotive Aftermarket investment banking team at Brown Gibbons Lang & Company (BGL). Download and read the latest BGL Automotive Aftermarket Insider : https://bit.ly/BGLAutomotiveAftermarketInsider Inside the report, BGL shares its annual recap of the 2024 AAPEX and SEMA Shows in Las Vegas . The automotive aftermarket M&A environment and strategies impacting current and future deal activity are discussed, and optimism and interest in the sector remain high. Political discussion pervaded conversations more than ever before among company owners and investors, largely due to the unique timing of the show and our U.S. Presidential Election. Through discussions with owners and other industry leaders, BGL identified key strategies that companies are employing to navigate uncertainty and challenges facing the industry. Key takeaways include: BGL's Automotive & Aftermarket investment banking team maintains coverage of the broad automotive sector, including the automotive supply chain, automotive aftermarket, and the on- and off-highway commercial vehicle sectors. Our team has executed numerous transactions for private, public, or institutionally-backed companies in the automotive industry, including M&A sell-side advisory, financial restructuring advisory, and capital markets advisory. About Brown Gibbons Lang & Company Brown Gibbons Lang & Company (BGL) is a leading independent investment bank and financial advisory firm focused on the global middle market. The firm advises private and public corporations and private equity groups on mergers and acquisitions , capital markets , financial restructurings , business valuations and opinions , and other strategic matters. BGL has investment banking offices in Boston , Chicago , Cleveland , Los Angeles , and New York , and real estate offices in Chicago , Cleveland , and San Antonio . The firm is also a founding member of REACH Cross-Border Mergers & Acquisitions, enabling BGL to service clients in more than 30 countries around the world. Securities transactions are conducted through Brown, Gibbons, Lang & Company Securities, LLC, an affiliate of Brown Gibbons Lang & Company LLC and a registered broker-dealer and member of FINRA and SIPC . For more information, please visit www.bglco.com . View original content to download multimedia: https://www.prnewswire.com/news-releases/automotive-aftermarket-ma-will-continue-to-attract-high-investor-interest-in-2025-302338625.html SOURCE Brown Gibbons Lang & Company
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JPMorgan Chase & Co. boosted its stake in shares of Cintas Co. ( NASDAQ:CTAS – Free Report ) by 137.5% in the third quarter, Holdings Channel reports. The institutional investor owned 2,222,527 shares of the business services provider’s stock after purchasing an additional 1,286,668 shares during the period. JPMorgan Chase & Co.’s holdings in Cintas were worth $457,574,000 as of its most recent SEC filing. Other large investors have also added to or reduced their stakes in the company. LGT Financial Advisors LLC raised its position in Cintas by 311.1% in the 2nd quarter. LGT Financial Advisors LLC now owns 37 shares of the business services provider’s stock worth $26,000 after buying an additional 28 shares during the last quarter. Meeder Asset Management Inc. lifted its holdings in shares of Cintas by 226.7% during the 2nd quarter. Meeder Asset Management Inc. now owns 49 shares of the business services provider’s stock valued at $34,000 after buying an additional 34 shares during the period. Valley Wealth Managers Inc. purchased a new position in shares of Cintas in the 2nd quarter worth $56,000. Quarry LP increased its holdings in Cintas by 500.0% during the second quarter. Quarry LP now owns 108 shares of the business services provider’s stock valued at $76,000 after buying an additional 90 shares during the last quarter. Finally, Financial Management Professionals Inc. increased its holdings in Cintas by 341.4% in the 3rd quarter. Financial Management Professionals Inc. now owns 128 shares of the business services provider’s stock worth $26,000 after acquiring an additional 99 shares in the last quarter. Hedge funds and other institutional investors own 63.46% of the company’s stock. Cintas Price Performance Shares of CTAS stock opened at $183.37 on Friday. The stock has a 50 day moving average price of $211.70 and a 200 day moving average price of $203.75. The firm has a market capitalization of $73.95 billion, a P/E ratio of 46.31, a P/E/G ratio of 4.15 and a beta of 1.33. The company has a debt-to-equity ratio of 0.50, a quick ratio of 1.33 and a current ratio of 1.53. Cintas Co. has a 52-week low of $143.64 and a 52-week high of $228.12. Cintas Announces Dividend The business also recently announced a quarterly dividend, which was paid on Friday, December 13th. Stockholders of record on Friday, November 15th were given a dividend of $0.39 per share. This represents a $1.56 dividend on an annualized basis and a dividend yield of 0.85%. The ex-dividend date of this dividend was Friday, November 15th. Cintas’s dividend payout ratio (DPR) is presently 37.59%. Wall Street Analyst Weigh In A number of equities analysts have recently weighed in on CTAS shares. UBS Group dropped their price objective on Cintas from $240.00 to $218.00 and set a “buy” rating for the company in a research note on Friday, December 20th. Morgan Stanley increased their price target on Cintas from $185.00 to $202.00 and gave the company an “equal weight” rating in a research note on Thursday, December 12th. Royal Bank of Canada reaffirmed a “sector perform” rating and issued a $215.00 price objective on shares of Cintas in a research note on Friday, December 20th. Truist Financial decreased their price objective on Cintas from $225.00 to $215.00 and set a “buy” rating on the stock in a report on Friday, December 20th. Finally, Jefferies Financial Group reduced their price target on shares of Cintas from $730.00 to $200.00 and set a “hold” rating on the stock in a research report on Thursday, September 26th. Two investment analysts have rated the stock with a sell rating, nine have issued a hold rating and six have issued a buy rating to the stock. According to data from MarketBeat.com, Cintas presently has an average rating of “Hold” and a consensus target price of $198.46. View Our Latest Report on CTAS Cintas Profile ( Free Report ) 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. Further Reading Want to see what other hedge funds are holding CTAS? Visit HoldingsChannel.com to get the latest 13F filings and insider trades for Cintas Co. ( NASDAQ:CTAS – Free Report ). 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 .
A British woman has become the fifth foreigner to die after a suspected methanol poisoning in Laos, as Australian Holly Bowles fights for life in a Bangkok hospital. or signup to continue reading Simone White, 28, a lawyer from southeast London, has been identified by British media as among the tourists who died after consuming drinks suspected to have been laced with methanol. "We are supporting the family of a British woman who has died in Laos, and we are in contact with the local authorities," Britain's foreign ministry said in a statement. An Australian, two Danes and an American have also died in the apparent mass poisoning in Vang Vieng, a popular tourist town in the landlocked Southeast Asian nation. Melbourne teenager Bianca Jones, 19, was confirmed to have died by her family on Thursday, sparking a wave of emotional tributes from loved ones and political leaders. Her friend Holly Bowles, also 19, continues to fight for her life in a different Bangkok hospital. The pair, from Beaumaris in Melbourne's southeast, had been holidaying in Laos when they became ill along with a dozen other tourists in Vang Vieng last week. They had planned to stay at the Nana Backpacker Hostel in Vang Vieng and drank at the venue before reportedly going to Jaidee Bar on November 11. Ms Jones and Ms Bowles did not leave their dorm room for 24 hours and reported feeling unwell on November 13, before being taken to separate hospitals in Bangkok. Shaun Bowles told reporters outside Bangkok Hospital on Wednesday that his daughter remained in critical condition and on life support. "We just like to thank everyone from back home for all of the support and love that we're receiving," he said. "But we'd also like the people to appreciate right now, we just need privacy so we can spend as much time as we can with Holly." Consular assistance is being provided to the families of the two Australians girls. Hostel manager Duong Duc Toan said the Australian women had joined more than 100 other guests for free shots of Lao vodka offered by the hostel as a gesture of hospitality. Thai authorities confirmed Ms Jones had died by "brain swelling due to high levels of methanol found in her system". The Australian government has updated its travel advice for Laos, telling residents to be alert to the potential risk of spirit-based drinks including cocktails. Foreign Minister Penny Wong said drink-spiking and methanol poisoning were "far too common in many parts of the world". "At this time I would say to parents, to young people, please have a conversation about risks, please inform yourselves, please let's work together to ensure this tragedy does not happen again," she said. Ms White's friend Bethany Clarke also urged tourists in the region to avoid local spirits. "Just avoid them as so not worth it," she wrote in a Laos backpacking Facebook group. "Six of us who drank from the same place are in hospital currently with methanol poisoning." One New Zealand citizen has also fallen ill in Laos and could be a victim of methanol poisoning, New Zealand's Foreign Ministry said. "Travellers are advised to be cautious about consuming alcoholic beverages, particularly cocktails and drinks made with spirits that may have been adulterated with harmful substances," it said. With Reuters and AP Advertisement Sign up for our newsletter to stay up to date. We care about the protection of your data. Read our . Advertisement
Shohei Ohtani wins 3rd AP Male Athlete of the Year award, tying Michael Jordan for 1 shy of recordThe Colorado Buffaloes are engaged in a fierce battle with the Kansas Jayhawks in Week 12, and while the team as a whole isn't playing their best football, the same can't be said for Travis Hunter. The wide receiver/cornerback hybrid has continued to star, and he sent a Heisman-themed message with his latest touchdown celebration. Hunter has been on fire on the offensive side of the ball as of late, as he had scored four touchdowns over Colorado's past three games. And against Kansas, he continued to dominate in the early going, as he hauled in six receptions for 115 yards and two more scores through the first three quarters. Javascript is required for you to be able to read premium content. Thanks for the feedback.None