Cintas Co. (NASDAQ:CTAS) Shares Bought by Dimensional Fund Advisors LP

Dimensional Fund Advisors LP grew its stake in shares of Cintas Co. (NASDAQ:CTAS - Free Report) by 1.7% in the 4th quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The fund owned 1,624,396 shares of the business services provider's stock after acquiring an additional 27,320 shares during the period. Dimensional Fund Advisors LP owned 0.40% of Cintas worth $296,791,000 at the end of the most recent quarter.

Several other institutional investors and hedge funds also recently made changes to their positions in the company. Sound Income Strategies LLC acquired a new position in Cintas in the fourth quarter valued at about $27,000. Cyrus J. Lawrence LLC acquired a new position in Cintas during the fourth quarter valued at approximately $29,000. Endeavor Private Wealth Inc. bought a new position in shares of Cintas in the 4th quarter valued at $31,000. IAG Wealth Partners LLC lifted its position in shares of Cintas by 136.8% during the 4th quarter. IAG Wealth Partners LLC now owns 180 shares of the business services provider's stock worth $33,000 after buying an additional 104 shares during the last quarter. Finally, Newbridge Financial Services Group Inc. bought a new position in Cintas in the fourth quarter valued at about $34,000. Institutional investors and hedge funds own 63.46% of the company's stock.

Wall Street Analyst Weigh In

Several equities research analysts have recently weighed in on the company. Morgan Stanley increased their price target on Cintas from $195.00 to $213.00 and gave the company an "equal weight" rating in a research note on Thursday, March 27th. Citigroup assumed coverage on Cintas in a research note on Monday, February 24th. They set a "sell" rating and a $161.00 price target for the company. Robert W. Baird upped their target price on Cintas from $200.00 to $227.00 and gave the company a "neutral" rating in a report on Thursday, March 27th. Bank of America assumed coverage on shares of Cintas in a report on Thursday, April 10th. They issued a "buy" rating and a $250.00 price target on the stock. Finally, The Goldman Sachs Group boosted their target price on shares of Cintas from $211.00 to $233.00 and gave the company a "buy" rating in a research note on Thursday, March 27th. Two research analysts have rated the stock with a sell rating, seven have issued a hold rating, six have assigned a buy rating and one has issued a strong buy rating to the company's stock. According to MarketBeat, Cintas presently has a consensus rating of "Hold" and an average price target of $213.62.

Cintas Stock Down 0.6 %

Shares of CTAS traded down $1.35 during mid-day trading on Friday, hitting $208.40. 1,172,367 shares of the company traded hands, compared to its average volume of 1,692,835. Cintas Co. has a 1-year low of $162.16 and a 1-year high of $228.12. The business has a 50 day moving average of $201.51 and a 200 day moving average of $204.36. The company has a quick ratio of 1.38, a current ratio of 1.58 and a debt-to-equity ratio of 0.47. The company has a market capitalization of $84.15 billion, a PE ratio of 50.25, a price-to-earnings-growth ratio of 3.98 and a beta of 1.20.

Cintas (NASDAQ:CTAS - Get Free Report) last posted its earnings results 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. 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 business's quarterly revenue was up 8.4% on a year-over-year basis. During the same period in the previous year, the firm earned $3.84 EPS. Equities research analysts anticipate that Cintas Co. will post 4.31 EPS for the current year.

Cintas Dividend Announcement

The business also recently disclosed a quarterly dividend, which will be paid on Friday, June 13th. Investors of record on Thursday, May 15th will be given a dividend of $0.39 per share. The ex-dividend date is Thursday, May 15th. This represents a $1.56 dividend on an annualized basis and a yield of 0.75%. Cintas's payout ratio is 36.11%.

Insiders Place Their Bets

In related news, COO Jim Rozakis sold 2,000 shares of the business's stock in a transaction dated Monday, April 7th. The shares were sold at an average price of $190.37, for a total value of $380,740.00. Following the sale, the chief operating officer now directly owns 256,528 shares in the company, valued at approximately $48,835,235.36. The trade was a 0.77 % decrease in their position. The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this link. Also, Director Ronald W. Tysoe sold 8,521 shares of the stock in a transaction dated Monday, April 14th. The stock was sold at an average price of $208.96, for a total transaction of $1,780,548.16. Following the transaction, the director now directly owns 27,029 shares of the company's stock, valued at approximately $5,647,979.84. This trade represents a 23.97 % decrease in their position. The disclosure for this sale can be found here. Corporate insiders own 15.00% of the company's stock.

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.