Dakota Wealth Management Buys 1,463 Shares of Cintas Co. (NASDAQ:CTAS)

Dakota Wealth Management increased its stake in shares of Cintas Co. (NASDAQ:CTAS - Free Report) by 1.6% during the fourth quarter, according to the company in its most recent filing with the SEC. The fund owned 92,603 shares of the business services provider's stock after acquiring an additional 1,463 shares during the period. Dakota Wealth Management's holdings in Cintas were worth $16,919,000 as of its most recent filing with the SEC.

A number of other institutional investors have also made changes to their positions in CTAS. Quarry LP increased its holdings in shares of Cintas by 500.0% during the 2nd quarter. Quarry LP now owns 108 shares of the business services provider's stock worth $76,000 after purchasing an additional 90 shares during the period. Financial Management Professionals Inc. raised its holdings in Cintas by 341.4% in the 3rd quarter. Financial Management Professionals Inc. now owns 128 shares of the business services provider's stock valued at $26,000 after acquiring an additional 99 shares in the last quarter. Hollencrest Capital Management lifted its position in shares of Cintas by 433.3% in the 3rd quarter. Hollencrest Capital Management now owns 128 shares of the business services provider's stock worth $26,000 after acquiring an additional 104 shares during the period. Addison Advisors LLC grew its holdings in shares of Cintas by 495.7% during the 3rd quarter. Addison Advisors LLC now owns 137 shares of the business services provider's stock worth $28,000 after purchasing an additional 114 shares in the last quarter. Finally, Grove Bank & Trust raised its stake in shares of Cintas by 1,340.0% in 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 in the last quarter. 63.46% of the stock is owned by institutional investors.

Cintas Trading Down 1.1 %

Shares of NASDAQ:CTAS traded down $2.21 during midday trading on Wednesday, hitting $199.02. The company had a trading volume of 1,577,867 shares, compared to its average volume of 2,083,942. Cintas Co. has a 12 month low of $148.75 and a 12 month high of $228.12. The firm has a fifty day simple moving average of $204.22 and a 200 day simple moving average of $205.67. The company has a current ratio of 1.58, a quick ratio of 1.38 and a debt-to-equity ratio of 0.47. The stock has a market cap of $80.31 billion, a price-to-earnings ratio of 47.99, a PEG ratio of 3.83 and a beta of 1.37.

Cintas (NASDAQ:CTAS - Get Free Report) last issued its earnings results on Thursday, December 19th. The business services provider reported $1.09 EPS for the quarter, beating the consensus estimate of $1.01 by $0.08. Cintas had a net margin of 17.23% and a return on equity of 40.62%. The firm had revenue of $2.56 billion during the quarter, compared to the consensus estimate of $2.56 billion. During the same quarter in the prior year, the firm earned $3.61 earnings per share. The business's quarterly revenue was up 7.8% on a year-over-year basis. On average, analysts predict that Cintas Co. will post 4.31 EPS for the current year.

Cintas Announces Dividend

The company also recently declared a quarterly dividend, which will be paid on Friday, March 14th. Shareholders of record on Friday, February 14th will be paid a $0.39 dividend. This represents a $1.56 annualized dividend and a dividend yield of 0.78%. The ex-dividend date of this dividend is Friday, February 14th. Cintas's dividend payout ratio is 37.61%.

Analyst Ratings Changes

Several equities research analysts have issued reports on the stock. Morgan Stanley boosted their price target on shares of Cintas from $185.00 to $202.00 and gave the company an "equal weight" rating in a report on Thursday, December 12th. Barclays lifted their price objective on Cintas from $210.00 to $245.00 and gave the company an "overweight" rating in a report on Friday, September 27th. Robert W. Baird dropped their target price on Cintas from $209.00 to $200.00 and set a "neutral" rating for the company in a report on Friday, December 20th. The Goldman Sachs Group decreased 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. Finally, Royal Bank of Canada reaffirmed a "sector perform" rating and issued a $215.00 target price on shares of Cintas in a report on Friday, December 20th. Two investment analysts have rated the stock with a sell rating, nine have given a hold rating and six have issued a buy rating to the company. According to MarketBeat, the company has an average 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.