5,100 Shares in Cintas Co. (NASDAQ:CTAS) Acquired by Board of the Pension Protection Fund

Board of the Pension Protection Fund bought a new position in Cintas Co. (NASDAQ:CTAS - Free Report) during the 4th quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The firm bought 5,100 shares of the business services provider's stock, valued at approximately $932,000.

Other hedge funds have also added to or reduced their stakes in the company. Financial Management Professionals Inc. boosted its position in shares of Cintas by 341.4% in the third 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 during the period. Hollencrest Capital Management grew its position in Cintas by 433.3% in the third quarter. Hollencrest Capital Management now owns 128 shares of the business services provider's stock worth $26,000 after acquiring an additional 104 shares in the last quarter. Addison Advisors LLC increased its stake in Cintas by 495.7% during the third quarter. Addison Advisors LLC now owns 137 shares of the business services provider's stock worth $28,000 after acquiring an additional 114 shares during the last quarter. Grove Bank & Trust raised its position in Cintas by 1,340.0% during the third quarter. Grove Bank & Trust now owns 144 shares of the business services provider's stock valued at $30,000 after purchasing an additional 134 shares during the period. Finally, Capital Advisors Ltd. LLC lifted its stake in shares of Cintas by 321.1% in the 3rd quarter. Capital Advisors Ltd. LLC now owns 160 shares of the business services provider's stock valued at $33,000 after purchasing an additional 122 shares during the last quarter. 63.46% of the stock is currently owned by hedge funds and other institutional investors.

Cintas Stock Up 1.8 %

Shares of CTAS traded up $3.42 during mid-day trading on Wednesday, hitting $195.70. The company's stock had a trading volume of 1,466,784 shares, compared to its average volume of 2,249,454. The company has a current ratio of 1.53, a quick ratio of 1.33 and a debt-to-equity ratio of 0.50. The company's 50-day moving average is $206.61 and its 200-day moving average is $204.87. Cintas Co. has a 52-week low of $146.29 and a 52-week high of $228.12. The firm has a market capitalization of $78.97 billion, a price-to-earnings ratio of 49.42, a PEG ratio of 4.16 and a beta of 1.37.

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 for the quarter, topping analysts' consensus estimates of $1.01 by $0.08. The company had revenue of $2.56 billion during the quarter, compared to analyst estimates of $2.56 billion. Cintas had a return on equity of 39.56% and a net margin of 16.80%. Cintas's revenue was up 7.8% on a year-over-year basis. During the same quarter in the prior year, the business earned $3.61 earnings per share. On average, equities research analysts forecast that Cintas Co. will post 4.23 EPS for the current fiscal year.

Cintas Dividend Announcement

The company also recently announced a quarterly dividend, which will be paid on Friday, March 14th. Shareholders of record on Friday, February 14th will be issued 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 yield of 0.80%. Cintas's dividend payout ratio is presently 37.59%.

Analyst Ratings Changes

Several research firms recently weighed in on CTAS. Morgan Stanley increased their price target on Cintas from $185.00 to $202.00 and gave the company an "equal weight" rating in a report on Thursday, December 12th. Jefferies Financial Group cut their price target on shares of Cintas from $730.00 to $200.00 and set a "hold" rating on the stock in a report on Thursday, September 26th. UBS Group decreased their price objective on shares of Cintas from $240.00 to $218.00 and set a "buy" rating for the company in a research note on Friday, December 20th. Royal Bank of Canada reiterated a "sector perform" rating and issued a $215.00 price target on shares of Cintas in a report on Friday, December 20th. Finally, Robert W. Baird decreased their target price on Cintas from $209.00 to $200.00 and set a "neutral" rating for the company in a research report on Friday, December 20th. Two equities research analysts have rated the stock with a sell rating, nine have given a hold rating and six have given a buy rating to the stock. According to MarketBeat, Cintas currently has a consensus rating of "Hold" and an average price target of $198.46.

Cintas 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.