Foster Dykema Cabot & Partners LLC Has $26.92 Million Stock Holdings in Cintas Co. (NASDAQ:CTAS)

Foster Dykema Cabot & Partners LLC lifted its stake in shares of Cintas Co. (NASDAQ:CTAS - Free Report) by 4.2% in the fourth quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor owned 147,364 shares of the business services provider's stock after buying an additional 5,995 shares during the quarter. Cintas makes up about 2.1% of Foster Dykema Cabot & Partners LLC's investment portfolio, making the stock its 15th largest holding. Foster Dykema Cabot & Partners LLC's holdings in Cintas were worth $26,923,000 as of its most recent filing with the Securities and Exchange Commission.

Other hedge funds and other institutional investors have also made changes to their positions in the company. Sound Income Strategies LLC bought a new position in Cintas during the fourth quarter worth $27,000. Cyrus J. Lawrence LLC acquired a new position in shares of Cintas in the 4th quarter valued at about $29,000. Endeavor Private Wealth Inc. acquired a new stake in Cintas during the fourth quarter worth about $31,000. IAG Wealth Partners LLC lifted its holdings in 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 during the last quarter. Finally, Newbridge Financial Services Group Inc. bought a new position in shares of Cintas during the fourth quarter valued at approximately $34,000. Institutional investors own 63.46% of the company's stock.

Insiders Place Their Bets

In related news, COO Jim Rozakis sold 2,000 shares of the firm's stock in a transaction that occurred on Monday, April 7th. The stock was sold at an average price of $190.37, for a total value of $380,740.00. Following the transaction, the chief operating officer now directly 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 position. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this link. Also, Director Ronald W. Tysoe sold 8,521 shares of the company's stock in a transaction on 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 sale, the director now directly owns 27,029 shares of the company's stock, valued at approximately $5,647,979.84. This represents a 23.97 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders own 15.00% of the company's stock.

Analyst Ratings Changes

Several brokerages recently issued reports on CTAS. Morgan Stanley raised their price target on Cintas from $195.00 to $213.00 and gave the stock an "equal weight" rating in a report on Thursday, March 27th. The Goldman Sachs Group boosted their price target on shares of Cintas from $211.00 to $233.00 and gave the company a "buy" rating in a report on Thursday, March 27th. Citigroup initiated coverage on shares of Cintas in a research report on Monday, February 24th. They issued a "sell" rating and a $161.00 price objective on the stock. Wells Fargo & Company upped their target price on shares of Cintas from $184.00 to $196.00 and gave the stock an "underweight" rating in a research report on Thursday, March 27th. Finally, Royal Bank of Canada reiterated a "sector perform" rating and set a $215.00 price objective on shares of Cintas in a research report on Thursday, March 27th. Two research analysts have rated the stock with a sell rating, seven have assigned a hold rating, six have assigned a buy rating and one has assigned a strong buy rating to the company. Based on data from MarketBeat.com, the company currently has an average rating of "Hold" and a consensus target price of $213.62.

Cintas Trading Up 2.5 %

CTAS stock traded up $5.09 during mid-day trading on Tuesday, reaching $205.50. 444,152 shares of the stock traded hands, compared to its average volume of 1,938,856. Cintas Co. has a 52-week low of $162.16 and a 52-week high of $228.12. The stock's fifty day moving average is $201.34 and its 200-day moving average is $204.29. The company has a market cap of $82.98 billion, a P/E ratio of 49.57, a P/E/G ratio of 3.98 and a beta of 1.20. The company has a current ratio of 1.58, a quick ratio of 1.38 and a debt-to-equity ratio of 0.47.

Cintas (NASDAQ:CTAS - Get Free Report) last announced its earnings results on Wednesday, March 26th. The business services provider reported $1.13 earnings per share (EPS) for the quarter, beating the consensus estimate of $1.05 by $0.08. Cintas had a net margin of 17.23% and a return on equity of 40.62%. The company had revenue of $2.61 billion for the quarter, compared to the consensus estimate of $2.60 billion. During the same period in the previous year, the business earned $3.84 EPS. The company's revenue was up 8.4% on a year-over-year basis. As a group, sell-side analysts expect that Cintas Co. will post 4.31 earnings per share for the current year.

Cintas Announces Dividend

The business also recently declared a quarterly dividend, which will be paid on Friday, June 13th. Stockholders 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 dividend yield of 0.76%. The ex-dividend date is Thursday, May 15th. Cintas's dividend payout ratio (DPR) is presently 36.11%.

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.