Blueshift Asset Management LLC Buys Shares of 3,654 Cintas Co. (NASDAQ:CTAS)

Blueshift Asset Management LLC bought a new position in shares of Cintas Co. (NASDAQ:CTAS - Free Report) during the 4th quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The fund bought 3,654 shares of the business services provider's stock, valued at approximately $668,000.

A number of other hedge funds have also bought and sold shares of CTAS. Guardian Wealth Advisors LLC lifted its holdings in shares of Cintas by 3.1% during the fourth quarter. Guardian Wealth Advisors LLC now owns 1,741 shares of the business services provider's stock worth $318,000 after purchasing an additional 52 shares during the period. MGB Wealth Management LLC raised its position in Cintas by 0.7% during the 4th quarter. MGB Wealth Management LLC now owns 7,248 shares of the business services provider's stock worth $1,328,000 after buying an additional 52 shares during the last quarter. Aaron Wealth Advisors LLC lifted its stake in Cintas by 2.0% during the 4th quarter. Aaron Wealth Advisors LLC now owns 2,803 shares of the business services provider's stock valued at $512,000 after acquiring an additional 55 shares during the period. S.A. Mason LLC boosted its holdings in shares of Cintas by 3.3% in the 4th quarter. S.A. Mason LLC now owns 1,703 shares of the business services provider's stock valued at $311,000 after acquiring an additional 55 shares during the last quarter. Finally, Frank Rimerman Advisors LLC increased its stake in shares of Cintas by 1.0% in the fourth quarter. Frank Rimerman Advisors LLC now owns 6,167 shares of the business services provider's stock worth $1,127,000 after acquiring an additional 59 shares during the period. Institutional investors and hedge funds own 63.46% of the company's stock.

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Wall Street Analysts Forecast Growth

Several equities research analysts have commented on the stock. UBS Group lowered their price target on shares of Cintas from $240.00 to $218.00 and set a "buy" rating on the stock in a report on Friday, December 20th. Robert W. Baird lowered their target price on Cintas from $209.00 to $200.00 and set a "neutral" rating on the stock in a research note on Friday, December 20th. Wells Fargo & Company decreased their price target on Cintas from $191.00 to $184.00 and set an "underweight" rating for the company in a report on Friday, December 20th. The Goldman Sachs Group dropped their price objective on shares of Cintas from $236.00 to $211.00 and set a "buy" rating on the stock in a research note on Friday, December 20th. Finally, Morgan Stanley boosted their target price on shares of Cintas from $185.00 to $202.00 and gave the company an "equal weight" rating in a research note on Thursday, December 12th. Two equities research analysts have rated the stock with a sell rating, nine have assigned a hold rating and six have assigned a buy rating to the stock. According to data from MarketBeat.com, the stock currently has a consensus rating of "Hold" and a consensus price target of $199.79.

Cintas Price Performance

Shares of Cintas stock traded down $1.11 during mid-day trading on Tuesday, reaching $193.46. 2,090,779 shares of the stock traded hands, compared to its average volume of 1,530,549. The company has a quick ratio of 1.38, a current ratio of 1.58 and a debt-to-equity ratio of 0.47. Cintas Co. has a fifty-two week low of $158.10 and a fifty-two week high of $228.12. The stock has a market capitalization of $78.07 billion, a PE ratio of 46.64, a PEG ratio of 3.98 and a beta of 1.41. The business has a 50-day moving average of $200.54 and a 200 day moving average of $208.93.

Cintas Dividend Announcement

The firm also recently announced a quarterly dividend, which was paid on Friday, March 14th. Stockholders of record on Friday, February 14th were issued a dividend of $0.39 per share. This represents a $1.56 dividend on an annualized basis and a dividend yield of 0.81%. The ex-dividend date was Friday, February 14th. Cintas's payout ratio is 37.59%.

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.