37,039 Shares in Cintas Co. (NASDAQ:CTAS) Purchased by Avanza Fonder AB

Avanza Fonder AB purchased a new position in Cintas Co. (NASDAQ:CTAS - Free Report) during the 4th quarter, according to its most recent disclosure with the SEC. The fund purchased 37,039 shares of the business services provider's stock, valued at approximately $6,767,000.

Several other institutional investors also recently added to or reduced their stakes in CTAS. Financial Management Professionals Inc. grew its holdings in shares of Cintas by 341.4% during the 3rd quarter. Financial Management Professionals Inc. now owns 128 shares of the business services provider's stock worth $26,000 after purchasing an additional 99 shares in the last quarter. Hollencrest Capital Management grew its holdings in shares of Cintas by 433.3% during the 3rd quarter. Hollencrest Capital Management now owns 128 shares of the business services provider's stock worth $26,000 after purchasing an additional 104 shares in the last quarter. Addison Advisors LLC grew its holdings in shares of Cintas by 495.7% during the 3rd quarter. Addison Advisors LLC now owns 137 shares of the business services provider's stock worth $28,000 after purchasing an additional 114 shares in the last quarter. Grove Bank & Trust grew its holdings in shares of Cintas by 1,340.0% during the 3rd quarter. Grove Bank & Trust now owns 144 shares of the business services provider's stock worth $30,000 after purchasing an additional 134 shares in the last quarter. Finally, Capital Advisors Ltd. LLC grew its holdings in shares of Cintas by 321.1% during the 3rd quarter. Capital Advisors Ltd. LLC now owns 160 shares of the business services provider's stock worth $33,000 after purchasing an additional 122 shares in the last quarter. 63.46% of the stock is owned by institutional investors.

Cintas Stock Performance

Shares of NASDAQ:CTAS traded up $0.26 during trading on Friday, hitting $198.31. 1,673,318 shares of the company were exchanged, compared to its average volume of 2,374,499. The company has a market cap of $80.03 billion, a PE ratio of 47.81, a P/E/G ratio of 3.65 and a beta of 1.37. The stock has a 50 day moving average of $205.21 and a 200 day moving average of $204.93. Cintas Co. has a 52-week low of $146.63 and a 52-week high of $228.12. The company has a debt-to-equity ratio of 0.47, a current ratio of 1.58 and a quick ratio of 1.38.

Cintas (NASDAQ:CTAS - Get Free Report) last posted its earnings results on Thursday, December 19th. The business services provider reported $1.09 earnings per share (EPS) for the quarter, topping the consensus estimate of $1.01 by $0.08. The firm had revenue of $2.56 billion for the quarter, compared to the consensus estimate of $2.56 billion. Cintas had a return on equity of 40.62% and a net margin of 17.23%. The business's quarterly revenue was up 7.8% on a year-over-year basis. During the same quarter in the prior year, the business posted $3.61 earnings per share. As a group, equities research analysts predict that Cintas Co. will post 4.31 EPS for the current year.

Cintas Announces Dividend

The firm also recently disclosed a quarterly dividend, which will be paid on Friday, March 14th. Investors of record on Friday, February 14th will be given a $0.39 dividend. The ex-dividend date of this dividend is Friday, February 14th. This represents a $1.56 dividend on an annualized basis and a dividend yield of 0.79%. Cintas's dividend payout ratio (DPR) is presently 37.61%.

Wall Street Analysts Forecast Growth

Several analysts recently commented on the company. Royal Bank of Canada reaffirmed a "sector perform" rating and issued a $215.00 price target on shares of Cintas in a research note on Friday, December 20th. Barclays boosted their target price on Cintas from $210.00 to $245.00 and gave the stock an "overweight" rating in a research report on Friday, September 27th. Wells Fargo & Company dropped their target price on Cintas from $191.00 to $184.00 and set an "underweight" rating for the company in a research report on Friday, December 20th. Morgan Stanley upped their price objective on Cintas from $185.00 to $202.00 and gave the company an "equal weight" rating in a report on Thursday, December 12th. Finally, UBS Group decreased their target price on Cintas from $240.00 to $218.00 and set a "buy" rating for the company in a research note on Friday, December 20th. Two analysts have rated the stock with a sell rating, nine have assigned a hold rating and six have given a buy rating to the company's stock. According to data from MarketBeat.com, the company has an average rating of "Hold" and a consensus target price of $198.46.

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.