Bank of Montreal Can Has $105.14 Million Stock Holdings in Cintas Co. (NASDAQ:CTAS)

Bank of Montreal Can boosted its holdings in shares of Cintas Co. (NASDAQ:CTAS - Free Report) by 5.7% in the 4th quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The institutional investor owned 575,491 shares of the business services provider's stock after acquiring an additional 30,811 shares during the period. Bank of Montreal Can owned 0.14% of Cintas worth $105,142,000 at the end of the most recent reporting period.

Other hedge funds also recently bought and sold shares of the company. China Universal Asset Management Co. Ltd. lifted its position in Cintas by 28.4% during the fourth quarter. China Universal Asset Management Co. Ltd. now owns 6,563 shares of the business services provider's stock worth $1,199,000 after buying an additional 1,450 shares in the last quarter. KMG Fiduciary Partners LLC grew its holdings in shares of Cintas by 121.8% in the fourth quarter. KMG Fiduciary Partners LLC now owns 11,545 shares of the business services provider's stock valued at $2,109,000 after purchasing an additional 6,341 shares during the period. JPMorgan Chase & Co. increased its position in Cintas by 137.5% during the third quarter. JPMorgan Chase & Co. now owns 2,222,527 shares of the business services provider's stock worth $457,574,000 after purchasing an additional 1,286,668 shares during the last quarter. Annex Advisory Services LLC increased its holdings in shares of Cintas by 1.6% during the 4th quarter. Annex Advisory Services LLC now owns 127,441 shares of the business services provider's stock worth $23,283,000 after buying an additional 1,988 shares during the last quarter. Finally, LVM Capital Management Ltd. MI grew its position in Cintas by 292.7% in the fourth quarter. LVM Capital Management Ltd. MI now owns 5,482 shares of the business services provider's stock worth $1,002,000 after acquiring an additional 4,086 shares during the period. Institutional investors and hedge funds own 63.46% of the company's stock.

Insider Buying and Selling at Cintas

In other news, COO Jim Rozakis sold 2,000 shares of the firm's stock in a transaction dated Monday, April 7th. The stock was sold at an average price of $190.37, for a total transaction of $380,740.00. Following the sale, the chief operating officer now 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 document filed with the SEC, which is available through this hyperlink. Insiders own 15.00% of the company's stock.

Cintas Stock Up 1.8 %

NASDAQ:CTAS traded up $3.65 during trading hours on Monday, reaching $209.69. The company's stock had a trading volume of 545,485 shares, compared to its average volume of 1,689,148. Cintas Co. has a one year low of $162.16 and a one year 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. The business's 50-day moving average is $201.09 and its 200-day moving average is $204.23. The company has a market cap of $84.67 billion, a price-to-earnings ratio of 50.56, a price-to-earnings-growth ratio of 3.98 and a beta of 1.20.

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

Cintas Dividend Announcement

The company also recently disclosed a quarterly dividend, which will be paid on Friday, June 13th. Investors of record on Thursday, May 15th will be paid a dividend of $0.39 per share. This represents a $1.56 annualized dividend and a yield of 0.74%. The ex-dividend date of this dividend is Thursday, May 15th. Cintas's payout ratio is 36.11%.

Analyst Upgrades and Downgrades

A number of research firms have commented on CTAS. The Goldman Sachs Group upped their target price on shares of Cintas from $211.00 to $233.00 and gave the company a "buy" rating in a research report on Thursday, March 27th. Truist Financial lifted their target price on shares of Cintas from $215.00 to $230.00 and gave the company a "buy" rating in a report on Thursday, March 27th. Citigroup initiated coverage on Cintas in a research note on Monday, February 24th. They set a "sell" rating and a $161.00 price target on the stock. Morgan Stanley lifted their price objective on Cintas from $195.00 to $213.00 and gave the company an "equal weight" rating in a research note on Thursday, March 27th. Finally, Bank of America began coverage on shares of Cintas in a report on Thursday. They issued a "buy" rating and a $250.00 price objective for the company. Two equities research analysts have rated the stock with a sell rating, seven have issued a hold rating and six have given a buy rating to the company. According to data from MarketBeat.com, Cintas has an average rating of "Hold" and a consensus target price of $213.62.

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.