Intellus Advisors LLC Takes $822,000 Position in Cintas Co. (NASDAQ:CTAS)

Intellus Advisors LLC purchased a new position in shares of Cintas Co. (NASDAQ:CTAS - Free Report) in the 4th quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The institutional investor purchased 4,500 shares of the business services provider's stock, valued at approximately $822,000.

Several other institutional investors and hedge funds have also recently bought and sold shares of CTAS. State Street Corp increased its holdings in shares of Cintas by 299.3% during the 3rd quarter. State Street Corp now owns 14,555,558 shares of the business services provider's stock worth $2,996,697,000 after buying an additional 10,910,285 shares during the last quarter. FMR LLC increased its stake in Cintas by 297.3% during the third quarter. FMR LLC now owns 8,781,132 shares of the business services provider's stock worth $1,807,860,000 after acquiring an additional 6,571,128 shares during the last quarter. Geode Capital Management LLC raised its holdings in shares of Cintas by 309.7% in the 3rd quarter. Geode Capital Management LLC now owns 8,248,271 shares of the business services provider's stock worth $1,693,654,000 after purchasing an additional 6,235,052 shares during the period. Franklin Resources Inc. increased its position in Cintas by 264.7% during the 3rd quarter. Franklin Resources Inc. now owns 3,279,029 shares of the business services provider's stock worth $693,503,000 after purchasing an additional 2,379,932 shares in the last quarter. Finally, UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC lifted its holdings in shares of Cintas by 308.2% during the 3rd quarter. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC now owns 2,522,921 shares of the business services provider's stock valued at $519,419,000 after acquiring an additional 1,904,926 shares in the last quarter. 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 topic of several research reports. Wells Fargo & Company cut their price objective on Cintas from $191.00 to $184.00 and set an "underweight" rating on the stock in a research report on Friday, December 20th. The Goldman Sachs Group reduced their price target on Cintas from $236.00 to $211.00 and set a "buy" rating on the stock in a research report on Friday, December 20th. Morgan Stanley increased their price objective on shares of Cintas from $185.00 to $202.00 and gave the company an "equal weight" rating in a research report on Thursday, December 12th. Robert W. Baird reduced their target price on shares of Cintas from $209.00 to $200.00 and set a "neutral" rating on the stock in a research report on Friday, December 20th. Finally, Citigroup began coverage on shares of Cintas in a report on Monday, February 24th. They set a "sell" rating and a $161.00 price target for the company. Two research analysts have rated the stock with a sell rating, nine have issued a hold rating and six have assigned a buy rating to the company. Based on data from MarketBeat.com, the stock has an average rating of "Hold" and an average target price of $199.79.

Cintas Stock Performance

Shares of NASDAQ CTAS traded up $11.25 during midday trading on Wednesday, hitting $204.71. The company's stock had a trading volume of 3,687,174 shares, compared to its average volume of 1,540,869. The company has a debt-to-equity ratio of 0.47, a quick ratio of 1.38 and a current ratio of 1.58. Cintas Co. has a 1-year low of $162.16 and a 1-year high of $228.12. The firm's fifty day moving average price is $200.57 and its 200-day moving average price is $208.92. The firm has a market cap of $82.61 billion, a P/E ratio of 49.36, a P/E/G ratio of 3.98 and a beta of 1.41.

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

Cintas Announces Dividend

The business also recently disclosed a quarterly dividend, which was paid on Friday, March 14th. Investors of record on Friday, February 14th were paid a dividend of $0.39 per share. This represents a $1.56 dividend on an annualized basis and a dividend yield of 0.76%. The ex-dividend date was Friday, February 14th. Cintas's dividend payout ratio is currently 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.