Amalgamated Bank Has $9.86 Million Stock Holdings in Cintas Co. (NASDAQ:CTAS)

Amalgamated Bank grew its holdings in Cintas Co. (NASDAQ:CTASGet Rating) by 3.8% in the first quarter, according to the company in its most recent 13F filing with the SEC. The institutional investor owned 23,180 shares of the business services provider’s stock after buying an additional 859 shares during the quarter. Amalgamated Bank’s holdings in Cintas were worth $9,861,000 as of its most recent filing with the SEC.

Other hedge funds also recently made changes to their positions in the company. Brookstone Capital Management grew its holdings in shares of Cintas by 25.4% in the 1st quarter. Brookstone Capital Management now owns 917 shares of the business services provider’s stock worth $383,000 after purchasing an additional 186 shares during the last quarter. Atria Investments LLC grew its holdings in shares of Cintas by 1.3% in the 1st quarter. Atria Investments LLC now owns 13,125 shares of the business services provider’s stock worth $5,583,000 after purchasing an additional 171 shares during the last quarter. Xponance Inc. grew its holdings in shares of Cintas by 0.4% in the 1st quarter. Xponance Inc. now owns 21,474 shares of the business services provider’s stock worth $9,135,000 after purchasing an additional 81 shares during the last quarter. Kentucky Retirement Systems grew its holdings in shares of Cintas by 5.6% in the 1st quarter. Kentucky Retirement Systems now owns 5,620 shares of the business services provider’s stock worth $2,391,000 after purchasing an additional 296 shares during the last quarter. Finally, Logan Capital Management Inc. grew its holdings in shares of Cintas by 0.6% in the 1st quarter. Logan Capital Management Inc. now owns 44,506 shares of the business services provider’s stock worth $18,932,000 after purchasing an additional 267 shares during the last quarter. Institutional investors and hedge funds own 76.66% of the company’s stock.

Cintas Stock Performance

Cintas stock opened at $404.33 on Friday. The company has a current ratio of 1.84, a quick ratio of 1.51 and a debt-to-equity ratio of 0.75. Cintas Co. has a 1 year low of $343.86 and a 1 year high of $461.44. The company has a market cap of $41.26 billion, a PE ratio of 34.71, a PEG ratio of 3.49 and a beta of 1.44. The company’s 50-day moving average is $413.85 and its two-hundred day moving average is $398.13.

Cintas (NASDAQ:CTASGet Rating) last released its earnings results on Thursday, July 14th. The business services provider reported $2.81 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $2.68 by $0.13. Cintas had a net margin of 15.73% and a return on equity of 35.81%. The company had revenue of $2.07 billion for the quarter, compared to the consensus estimate of $2 billion. During the same period in the prior year, the company posted $2.47 EPS. The company’s revenue was up 13.0% compared to the same quarter last year. Equities analysts anticipate that Cintas Co. will post 12.15 earnings per share for the current year.

Cintas Increases Dividend

The firm also recently announced a quarterly dividend, which was paid on Thursday, September 15th. Shareholders of record on Monday, August 15th were given a dividend of $1.15 per share. The ex-dividend date of this dividend was Friday, August 12th. This is an increase from Cintas’s previous quarterly dividend of $0.95. This represents a $4.60 dividend on an annualized basis and a yield of 1.14%. Cintas’s dividend payout ratio is presently 39.49%.

Analysts Set New Price Targets

Several equities research analysts have recently weighed in on CTAS shares. Wells Fargo & Company started coverage on shares of Cintas in a report on Tuesday, July 12th. They issued an “equal weight” rating and a $393.00 target price on the stock. Royal Bank of Canada lowered their target price on shares of Cintas from $475.00 to $450.00 in a report on Friday, July 15th. Deutsche Bank Aktiengesellschaft decreased their price objective on shares of Cintas from $517.00 to $465.00 and set a “buy” rating on the stock in a report on Tuesday, July 5th. Barclays decreased their price objective on shares of Cintas from $500.00 to $435.00 in a report on Friday, July 15th. Finally, StockNews.com raised shares of Cintas from a “hold” rating to a “buy” rating in a report on Saturday, July 23rd. Three analysts have rated the stock with a hold rating and six have given a buy rating to the company. According to data from MarketBeat, Cintas presently has an average rating of “Moderate Buy” and an average price target of $435.89.

Cintas Profile

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Cintas Corporation provides 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.

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Institutional Ownership by Quarter for Cintas (NASDAQ:CTAS)

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