1,073,110 Shares in Cintas Co. (NASDAQ:CTAS) Acquired by Winslow Capital Management LLC

Winslow Capital Management LLC acquired a new stake in Cintas Co. (NASDAQ:CTAS - Free Report) in the 4th quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The firm acquired 1,073,110 shares of the business services provider's stock, valued at approximately $196,057,000. Winslow Capital Management LLC owned 0.27% of Cintas as of its most recent filing with the Securities and Exchange Commission (SEC).

A number of other hedge funds also recently added to or reduced their stakes in the business. Kovitz Investment Group Partners LLC purchased a new stake in shares of Cintas during the third quarter worth approximately $1,455,000. Orion Portfolio Solutions LLC grew its stake in Cintas by 286.9% during the 3rd quarter. Orion Portfolio Solutions LLC now owns 19,406 shares of the business services provider's stock worth $3,995,000 after buying an additional 14,390 shares during the last quarter. MML Investors Services LLC raised its position in Cintas by 359.1% in the 3rd quarter. MML Investors Services LLC now owns 49,713 shares of the business services provider's stock valued at $10,235,000 after purchasing an additional 38,885 shares during the last quarter. Public Employees Retirement System of Ohio increased its stake in Cintas by 324.1% in the third quarter. Public Employees Retirement System of Ohio now owns 177,032 shares of the business services provider's stock valued at $36,447,000 after purchasing an additional 135,289 shares during the period. Finally, LRI Investments LLC increased its position in Cintas by 300.0% in the 3rd quarter. LRI Investments LLC now owns 728 shares of the business services provider's stock valued at $158,000 after acquiring an additional 546 shares during the period. 63.46% of the stock is currently owned by institutional investors and hedge funds.

Wall Street Analyst Weigh In

A number of research analysts have recently issued reports on CTAS shares. UBS Group boosted their target price on Cintas from $218.00 to $240.00 and gave the company a "buy" rating in a report on Thursday, March 27th. Wells Fargo & Company boosted their price objective on shares of Cintas from $184.00 to $196.00 and gave the company an "underweight" rating in a research note on Thursday, March 27th. Bank of America assumed coverage on shares of Cintas in a report on Thursday. They set a "buy" rating and a $250.00 price target for the company. Morgan Stanley lifted their price objective on Cintas from $195.00 to $213.00 and gave the company an "equal weight" rating in a report on Thursday, March 27th. Finally, The Goldman Sachs Group increased their target price on Cintas from $211.00 to $233.00 and gave the stock a "buy" rating in a research note on Thursday, March 27th. Two equities research analysts have rated the stock with a sell rating, seven have assigned a hold rating and six have issued a buy rating to the company. According to MarketBeat.com, Cintas currently has a consensus rating of "Hold" and an average target price of $213.62.

Cintas Trading Up 1.3 %

Shares of NASDAQ:CTAS traded up $2.65 during midday trading on Monday, hitting $208.69. The company had a trading volume of 715,186 shares, compared to its average volume of 1,689,899. The firm has a fifty day simple moving average of $201.09 and a 200 day simple moving average of $204.23. The stock has a market cap of $84.27 billion, a price-to-earnings ratio of 50.32, a PEG 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 Co. has a 12 month low of $162.16 and a 12 month high of $228.12.

Cintas (NASDAQ:CTAS - Get Free Report) last announced its quarterly earnings results on Wednesday, March 26th. The business services provider reported $1.13 earnings per share for the quarter, beating analysts' consensus estimates of $1.05 by $0.08. Cintas had a net margin of 17.23% and a return on equity of 40.62%. The business had revenue of $2.61 billion for the quarter, compared to the consensus estimate of $2.60 billion. During the same period last year, the company posted $3.84 EPS. Cintas's revenue for the quarter was up 8.4% on a year-over-year basis. On average, analysts predict that Cintas Co. will post 4.31 EPS for the current 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 issued a dividend of $0.39 per share. The ex-dividend date is Thursday, May 15th. This represents a $1.56 annualized dividend and a yield of 0.75%. Cintas's payout ratio is presently 36.11%.

Insider Activity at Cintas

In other Cintas news, COO Jim Rozakis sold 2,000 shares of the company's stock in a transaction on Monday, April 7th. The shares were sold at an average price of $190.37, for a total transaction of $380,740.00. Following the sale, the chief operating officer now directly owns 256,528 shares of the company's stock, valued at approximately $48,835,235.36. This represents a 0.77 % decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which is available through this hyperlink. Insiders own 15.00% of the company's stock.

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.