Invesco Ltd. Has $935.15 Million Stock Holdings in Cintas Co. (NASDAQ:CTAS)

Invesco Ltd. boosted its position in shares of Cintas Co. (NASDAQ:CTAS - Free Report) by 6.1% during the 4th quarter, according to the company in its most recent filing with the SEC. The institutional investor owned 5,118,479 shares of the business services provider's stock after buying an additional 296,059 shares during the quarter. Invesco Ltd. owned approximately 1.27% of Cintas worth $935,146,000 as of its most recent SEC filing.

Other hedge funds have also recently bought and sold shares of the company. Guardian Wealth Advisors LLC grew its position in shares of Cintas by 3.1% during the 4th quarter. Guardian Wealth Advisors LLC now owns 1,741 shares of the business services provider's stock worth $318,000 after buying an additional 52 shares during the period. MGB Wealth Management LLC grew its holdings 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 acquiring an additional 52 shares during the period. TIAA Trust National Association raised its position in shares of Cintas by 1.0% during the 4th quarter. TIAA Trust National Association now owns 5,380 shares of the business services provider's stock valued at $983,000 after acquiring an additional 52 shares during the last quarter. Wellspring Financial Advisors LLC lifted its stake in shares of Cintas by 4.6% in the 4th quarter. Wellspring Financial Advisors LLC now owns 1,171 shares of the business services provider's stock valued at $214,000 after purchasing an additional 52 shares during the period. Finally, Aaron Wealth Advisors LLC boosted its position in shares of Cintas by 2.0% in the 4th quarter. Aaron Wealth Advisors LLC now owns 2,803 shares of the business services provider's stock worth $512,000 after purchasing an additional 55 shares during the last quarter. 63.46% of the stock is currently owned by institutional investors.

Analysts Set New Price Targets

A number of equities research analysts recently commented on CTAS shares. The Goldman Sachs Group upped their price objective on Cintas from $211.00 to $233.00 and gave the company a "buy" rating in a report on Thursday, March 27th. UBS Group lifted their price objective on shares of Cintas from $218.00 to $240.00 and gave the stock a "buy" rating in a research note on Thursday, March 27th. Bank of America assumed coverage on shares of Cintas in a report on Thursday. They set a "buy" rating and a $250.00 price objective for the company. Royal Bank of Canada reissued a "sector perform" rating and set a $215.00 price target on shares of Cintas in a research report on Thursday, March 27th. Finally, Wells Fargo & Company upped their price objective on shares of Cintas from $184.00 to $196.00 and gave the company an "underweight" rating in a research report on Thursday, March 27th. Two analysts have rated the stock with a sell rating, seven have issued a hold rating and six have issued a buy rating to the stock. According to data from MarketBeat, the stock presently has an average rating of "Hold" and an average price target of $213.62.

Insiders Place Their Bets

In other news, COO Jim Rozakis sold 2,000 shares of the firm's stock in a transaction that occurred on Monday, April 7th. The stock was sold at an average price of $190.37, for a total value of $380,740.00. Following the completion of the sale, the chief operating officer now directly owns 256,528 shares of the company's stock, valued at $48,835,235.36. This trade represents a 0.77 % decrease in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which is available at this link. Insiders own 15.00% of the company's stock.

Cintas Stock Up 1.6 %

CTAS traded up $3.31 during trading hours on Friday, hitting $206.04. 2,116,050 shares of the company's stock were exchanged, compared to its average volume of 1,691,893. 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 1-year low of $162.16 and a 1-year high of $228.12. The stock's 50-day moving average is $201.09 and its two-hundred day moving average is $204.25. The stock has a market cap of $83.20 billion, a price-to-earnings ratio of 49.68, a PEG ratio of 3.98 and a beta of 1.20.

Cintas (NASDAQ:CTAS - Get Free Report) last announced its quarterly earnings data on Wednesday, March 26th. The business services provider reported $1.13 earnings per share for the quarter, beating the consensus estimate of $1.05 by $0.08. Cintas had a return on equity of 40.62% and a net margin of 17.23%. The company had revenue of $2.61 billion during the quarter, compared to analysts' expectations of $2.60 billion. During the same quarter last year, the company earned $3.84 EPS. Cintas's revenue for the quarter was up 8.4% compared to the same quarter last year. Sell-side analysts predict that Cintas Co. will post 4.31 earnings per share for the current fiscal year.

Cintas Dividend Announcement

The company also recently announced a quarterly dividend, which will be paid on Friday, June 13th. Investors of record on Thursday, May 15th will be issued a dividend of $0.39 per share. The ex-dividend date of this dividend is Thursday, May 15th. This represents a $1.56 dividend on an annualized basis and a yield of 0.76%. Cintas's payout ratio is 36.11%.

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.