Dynamic Technology Lab Private Ltd Has $453,000 Stock Position in Cintas Co. (NASDAQ:CTAS)

Dynamic Technology Lab Private Ltd reduced its position in shares of Cintas Co. (NASDAQ:CTAS - Free Report) by 86.1% during the fourth quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 2,477 shares of the business services provider's stock after selling 15,284 shares during the period. Dynamic Technology Lab Private Ltd's holdings in Cintas were worth $453,000 at the end of the most recent quarter.

A number of other institutional investors and hedge funds also recently bought and sold shares of CTAS. Sound Income Strategies LLC acquired a new stake in shares of Cintas during the 4th quarter valued at $27,000. Cyrus J. Lawrence LLC acquired a new stake in Cintas during the 4th quarter worth about $29,000. Endeavor Private Wealth Inc. acquired a new position in shares of Cintas in the fourth quarter worth about $31,000. IAG Wealth Partners LLC increased its position in shares of Cintas by 136.8% in the fourth quarter. IAG Wealth Partners LLC now owns 180 shares of the business services provider's stock worth $33,000 after acquiring an additional 104 shares in the last quarter. Finally, Newbridge Financial Services Group Inc. purchased a new stake in shares of Cintas in the 4th quarter valued at approximately $34,000. 63.46% of the stock is owned by institutional investors and hedge funds.

Analysts Set New Price Targets

CTAS has been the topic of a number of research analyst reports. The Goldman Sachs Group lifted their price target on Cintas from $211.00 to $233.00 and gave the company a "buy" rating in a report on Thursday, March 27th. Bank of America initiated coverage on Cintas in a report on Thursday. They issued a "buy" rating and a $250.00 target price on the stock. 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 Thursday, March 27th. UBS Group increased their target price on shares of Cintas from $218.00 to $240.00 and gave the stock a "buy" rating in a research report on Thursday, March 27th. Finally, Citigroup began coverage on Cintas in a research report on Monday, February 24th. They issued a "sell" rating and a $161.00 target price on the stock. Two research analysts have rated the stock with a sell rating, seven have given a hold rating and six have assigned a buy rating to the company's stock. Based on data from MarketBeat.com, Cintas currently has a consensus rating of "Hold" and a consensus price target of $213.62.

Insider Buying and Selling at Cintas

In related news, COO Jim Rozakis sold 2,000 shares of the firm's stock in a transaction on Monday, April 7th. The shares were sold at an average price of $190.37, for a total value of $380,740.00. Following the completion of the transaction, the chief operating officer now owns 256,528 shares of the company's stock, valued at approximately $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 Securities & Exchange Commission, which is accessible through this hyperlink. Company insiders own 15.00% of the company's stock.

Cintas Trading Up 1.7 %

Shares of Cintas stock traded up $3.44 on Monday, hitting $209.48. 298,760 shares of the company's stock traded hands, compared to its average volume of 1,688,123. 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 stock has a market capitalization of $84.59 billion, a PE ratio of 50.51, a price-to-earnings-growth ratio of 3.98 and a beta of 1.20. The firm's 50-day moving average price is $201.09 and its two-hundred day moving average price is $204.23.

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

Cintas Announces Dividend

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

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.