Czech National Bank Raises Holdings in Cintas Co. (NASDAQ:CTAS)

Czech National Bank lifted its position in Cintas Co. (NASDAQ:CTAS - Free Report) by 6.5% in the 4th quarter, according to its most recent 13F filing with the SEC. The institutional investor owned 74,327 shares of the business services provider's stock after acquiring an additional 4,533 shares during the period. Czech National Bank's holdings in Cintas were worth $13,580,000 as of its most recent SEC filing.

Other institutional investors and hedge funds also recently made changes to their positions in the company. Sugarloaf Wealth Management LLC boosted its stake in Cintas by 7.4% during the fourth quarter. Sugarloaf Wealth Management LLC now owns 1,165 shares of the business services provider's stock worth $213,000 after acquiring an additional 80 shares in the last quarter. LVM Capital Management Ltd. MI lifted its stake in shares of 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 buying an additional 4,086 shares in the last quarter. Franklin Street Advisors Inc. NC grew its holdings in shares of Cintas by 17.9% during the fourth quarter. Franklin Street Advisors Inc. NC now owns 105,032 shares of the business services provider's stock valued at $19,189,000 after buying an additional 15,925 shares during the last quarter. First Hawaiian Bank increased its position in shares of Cintas by 0.4% during the fourth quarter. First Hawaiian Bank now owns 17,105 shares of the business services provider's stock valued at $3,125,000 after acquiring an additional 73 shares in the last quarter. Finally, Diversified Trust Co raised its stake in shares of Cintas by 10.7% in the fourth quarter. Diversified Trust Co now owns 18,092 shares of the business services provider's stock worth $3,305,000 after purchasing an additional 1,756 shares during the last quarter. Hedge funds and other institutional investors own 63.46% of the company's stock.

Cintas Stock Performance

NASDAQ CTAS traded up $1.09 on Tuesday, reaching $191.69. 789,751 shares of the stock were exchanged, compared to its average volume of 2,239,601. The firm has a market capitalization of $77.31 billion, a PE ratio of 48.41, a PEG ratio of 4.16 and a beta of 1.33. Cintas Co. has a one year low of $146.29 and a one year high of $228.12. The company's 50-day simple moving average is $206.94 and its two-hundred day simple moving average is $204.75. The company has a current ratio of 1.53, a quick ratio of 1.33 and a debt-to-equity ratio of 0.50.

Cintas (NASDAQ:CTAS - Get Free Report) last released its earnings results on Thursday, December 19th. The business services provider reported $1.09 earnings per share for the quarter, beating analysts' consensus estimates of $1.01 by $0.08. The company had revenue of $2.56 billion for the quarter, compared to analysts' expectations of $2.56 billion. Cintas had a net margin of 16.80% and a return on equity of 39.56%. Cintas's revenue for the quarter was up 7.8% on a year-over-year basis. During the same quarter in the previous year, the company earned $3.61 EPS. Analysts expect that Cintas Co. will post 4.23 EPS for the current fiscal year.

Cintas Dividend Announcement

The firm also recently announced a quarterly dividend, which will be paid on Friday, March 14th. Investors of record on Friday, February 14th will be given a dividend of $0.39 per share. This represents a $1.56 annualized dividend and a dividend yield of 0.81%. Cintas's dividend payout ratio is currently 39.39%.

Analyst Ratings Changes

Several research firms recently commented on CTAS. Royal Bank of Canada reaffirmed a "sector perform" rating and set a $215.00 price objective on shares of Cintas in a research report on Friday, December 20th. Barclays boosted their price objective on shares of Cintas from $210.00 to $245.00 and gave the company an "overweight" rating in a report on Friday, September 27th. Wells Fargo & Company dropped their target price on shares of Cintas from $191.00 to $184.00 and set an "underweight" rating on the stock in a report on Friday, December 20th. UBS Group decreased their target price 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. Finally, The Goldman Sachs Group dropped their price target on Cintas from $236.00 to $211.00 and set a "buy" rating on the stock in a research note on Friday, December 20th. Two research analysts have rated the stock with a sell rating, nine have given a hold rating and six have assigned a buy rating to the company's stock. According to MarketBeat.com, the stock has a consensus rating of "Hold" and a consensus target price of $198.46.

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.