Inspire Advisors LLC Has $1.23 Million Holdings in Cintas Co. (NASDAQ:CTAS)

Inspire Advisors LLC lifted its holdings in Cintas Co. (NASDAQ:CTAS - Free Report) by 115.2% during the fourth quarter, according to the company in its most recent filing with the SEC. The fund owned 6,724 shares of the business services provider's stock after buying an additional 3,599 shares during the quarter. Inspire Advisors LLC's holdings in Cintas were worth $1,228,000 as of its most recent filing with the SEC.

Several other institutional investors and hedge funds have also recently bought and sold shares of the business. Donaldson Capital Management LLC increased its holdings in shares of Cintas by 4.1% in the 4th quarter. Donaldson Capital Management LLC now owns 24,912 shares of the business services provider's stock worth $4,551,000 after acquiring an additional 983 shares during the period. Citizens Financial Group Inc. RI boosted its position in shares of Cintas by 1.4% during the 4th quarter. Citizens Financial Group Inc. RI now owns 42,293 shares of the business services provider's stock valued at $7,727,000 after purchasing an additional 576 shares in the last quarter. Clare Market Investments LLC acquired a new position in Cintas in the fourth quarter worth approximately $965,000. Independent Advisor Alliance grew its holdings in shares of Cintas by 4.3% in the 4th quarter. Independent Advisor Alliance now owns 80,274 shares of the business services provider's stock worth $14,666,000 after acquiring an additional 3,337 shares during the last quarter. Finally, Paragon Private Wealth Management LLC raised its holdings in Cintas by 17.1% during the 4th quarter. Paragon Private Wealth Management LLC now owns 4,349 shares of the business services provider's stock worth $795,000 after buying an additional 635 shares during the period. Institutional investors and hedge funds own 63.46% of the company's stock.

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Analysts Set New Price Targets

CTAS has been the subject of several recent analyst reports. The Goldman Sachs Group decreased their target price on shares of Cintas from $236.00 to $211.00 and set a "buy" rating for the company in a report on Friday, December 20th. UBS Group decreased their price objective on shares of Cintas from $240.00 to $218.00 and set a "buy" rating for the company in a research note on Friday, December 20th. Morgan Stanley boosted their target price on shares of Cintas from $185.00 to $202.00 and gave the company an "equal weight" rating in a research note on Thursday, December 12th. Citigroup started coverage on Cintas in a research report on Monday, February 24th. They issued a "sell" rating and a $161.00 target price for the company. Finally, Royal Bank of Canada reissued a "sector perform" rating and issued a $215.00 price objective on shares of Cintas in a research note on Friday, December 20th. Two investment analysts have rated the stock with a sell rating, nine have assigned a hold rating and six have issued a buy rating to the company's stock. According to MarketBeat, the company presently has a consensus rating of "Hold" and a consensus target price of $199.79.

Cintas Stock Down 2.0 %

Shares of CTAS stock traded down $3.89 on Wednesday, hitting $192.67. The company's stock had a trading volume of 1,314,882 shares, compared to its average volume of 1,522,561. 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 $77.75 billion, a price-to-earnings ratio of 46.67, a P/E/G ratio of 3.98 and a beta of 1.41. Cintas Co. has a fifty-two week low of $154.83 and a fifty-two week high of $228.12. The firm's fifty day moving average price is $199.52 and its 200-day moving average price is $209.36.

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

Cintas Announces Dividend

The company also recently announced a quarterly dividend, which will be paid on Friday, March 14th. Shareholders of record on Friday, February 14th will be given a dividend of $0.39 per share. This represents a $1.56 dividend on an annualized basis and a yield of 0.81%. The ex-dividend date of this dividend is Friday, February 14th. Cintas's dividend payout ratio is 37.59%.

Cintas Company 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.