Hummer Financial Advisory Services Inc Purchases 4,200 Shares of Cintas Co. (NASDAQ:CTAS)

Hummer Financial Advisory Services Inc boosted its position in Cintas Co. (NASDAQ:CTAS - Free Report) by 300.0% during the 4th quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 5,600 shares of the business services provider's stock after purchasing an additional 4,200 shares during the quarter. Cintas comprises 0.8% of Hummer Financial Advisory Services Inc's investment portfolio, making the stock its 23rd biggest position. Hummer Financial Advisory Services Inc's holdings in Cintas were worth $1,023,000 at the end of the most recent reporting period.

Several other hedge funds and other institutional investors have also added to or reduced their stakes in CTAS. Meeder Asset Management Inc. raised its stake in Cintas by 226.7% during the second quarter. Meeder Asset Management Inc. now owns 49 shares of the business services provider's stock valued at $34,000 after buying an additional 34 shares during the last quarter. Quarry LP grew its position in Cintas by 500.0% during the second quarter. Quarry LP now owns 108 shares of the business services provider's stock valued at $76,000 after buying an additional 90 shares during the period. Financial Management Professionals Inc. increased its stake in shares of Cintas by 341.4% in the 3rd quarter. Financial Management Professionals Inc. now owns 128 shares of the business services provider's stock worth $26,000 after purchasing an additional 99 shares in the last quarter. Hollencrest Capital Management increased its position in Cintas by 433.3% in the third quarter. Hollencrest Capital Management now owns 128 shares of the business services provider's stock worth $26,000 after buying an additional 104 shares in the last quarter. Finally, Addison Advisors LLC raised its stake in 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 acquiring an additional 114 shares during the period. 63.46% of the stock is currently owned by hedge funds and other institutional investors.

Cintas Stock Up 0.9 %

Shares of CTAS stock traded up $1.68 during trading on Tuesday, hitting $192.28. 1,585,250 shares of the company were exchanged, compared to its average volume of 2,347,279. The business's 50-day simple moving average is $206.61 and its 200 day simple moving average is $204.87. The company has a debt-to-equity ratio of 0.50, a quick ratio of 1.33 and a current ratio of 1.53. Cintas Co. has a twelve month low of $146.29 and a twelve month high of $228.12. The firm has a market capitalization of $77.55 billion, a price-to-earnings ratio of 48.56, a P/E/G ratio of 4.16 and a beta of 1.33.

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 (EPS) for the quarter, beating analysts' consensus estimates of $1.01 by $0.08. The firm had revenue of $2.56 billion for the quarter, compared to analyst estimates of $2.56 billion. Cintas had a return on equity of 39.56% and a net margin of 16.80%. The company's revenue was up 7.8% on a year-over-year basis. During the same quarter last year, the firm posted $3.61 EPS. As a group, analysts forecast that Cintas Co. will post 4.23 EPS for the current fiscal year.

Cintas Dividend Announcement

The business also recently declared a quarterly dividend, which will be paid on Friday, March 14th. Stockholders of record on Friday, February 14th will be given a $0.39 dividend. 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

A number of research analysts have recently weighed in on CTAS shares. Royal Bank of Canada restated a "sector perform" rating and set a $215.00 price objective on shares of Cintas in a research report on Friday, December 20th. Robert W. Baird dropped their price objective on Cintas from $209.00 to $200.00 and set a "neutral" rating for the company in a report on Friday, December 20th. Wells Fargo & Company lowered their price target on Cintas from $191.00 to $184.00 and set an "underweight" rating for the company in a report on Friday, December 20th. Barclays boosted their price objective on shares of Cintas from $210.00 to $245.00 and gave the stock an "overweight" rating in a research note on Friday, September 27th. Finally, Jefferies Financial Group lowered their price target on shares of Cintas from $730.00 to $200.00 and set a "hold" rating on the stock in a report on Thursday, September 26th. Two research analysts have rated the stock with a sell rating, nine have given a hold rating and six have issued a buy rating to the stock. According to data from MarketBeat, Cintas 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.