Moody National Bank Trust Division Invests $317,000 in Cintas Co. (NASDAQ:CTAS)

Moody National Bank Trust Division acquired a new stake in Cintas Co. (NASDAQ:CTASGet Rating) in the second quarter, Holdings Channel.com reports. The fund acquired 848 shares of the business services provider’s stock, valued at approximately $317,000.

Other hedge funds and other institutional investors have also recently bought and sold shares of the company. Brookstone Capital Management increased its holdings in shares of Cintas by 25.4% during the 1st quarter. Brookstone Capital Management now owns 917 shares of the business services provider’s stock worth $383,000 after buying an additional 186 shares during the last quarter. Amalgamated Bank grew its position in Cintas by 3.8% in the first quarter. Amalgamated Bank now owns 23,180 shares of the business services provider’s stock worth $9,861,000 after acquiring an additional 859 shares during the period. Atria Investments LLC increased its stake in Cintas by 1.3% during the first quarter. Atria Investments LLC now owns 13,125 shares of the business services provider’s stock worth $5,583,000 after acquiring an additional 171 shares during the last quarter. Xponance Inc. raised its position in Cintas by 0.4% in the first quarter. Xponance Inc. now owns 21,474 shares of the business services provider’s stock valued at $9,135,000 after purchasing an additional 81 shares during the period. Finally, Kentucky Retirement Systems lifted its stake 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 valued at $2,391,000 after purchasing an additional 296 shares during the last quarter. 76.66% of the stock is currently owned by institutional investors and hedge funds.

Cintas Stock Performance

Shares of CTAS opened at $407.84 on Tuesday. The stock has a market capitalization of $41.62 billion, a P/E ratio of 35.01, a P/E/G ratio of 3.50 and a beta of 1.44. The company has a debt-to-equity ratio of 0.75, a quick ratio of 1.51 and a current ratio of 1.84. Cintas Co. has a 1 year low of $343.86 and a 1 year high of $461.44. The company’s fifty day moving average is $414.31 and its two-hundred day moving average is $398.62.

Cintas (NASDAQ:CTASGet Rating) last posted its quarterly earnings results on Thursday, July 14th. The business services provider reported $2.81 earnings per share (EPS) for the quarter, topping the consensus estimate of $2.68 by $0.13. Cintas had a net margin of 15.73% and a return on equity of 35.81%. The firm had revenue of $2.07 billion during the quarter, compared to analysts’ expectations of $2 billion. During the same period in the prior year, the company posted $2.47 earnings per share. The firm’s revenue for the quarter was up 13.0% on a year-over-year basis. On average, sell-side analysts predict that Cintas Co. will post 12.14 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 issued a $1.15 dividend. The ex-dividend date was Friday, August 12th. This represents a $4.60 dividend on an annualized basis and a yield of 1.13%. This is an increase from Cintas’s previous quarterly dividend of $0.95. Cintas’s dividend payout ratio (DPR) is 39.49%.

Wall Street Analyst Weigh In

CTAS has been the subject of a number of recent analyst reports. Royal Bank of Canada cut their price objective on Cintas from $475.00 to $450.00 in a research report on Friday, July 15th. Robert W. Baird lifted their price target on shares of Cintas from $440.00 to $475.00 and gave the company an “outperform” rating in a research report on Wednesday, August 17th. Wells Fargo & Company initiated coverage on shares of Cintas in a report on Tuesday, July 12th. They issued an “equal weight” rating and a $393.00 price objective on the stock. Barclays lowered their price objective on shares of Cintas from $500.00 to $435.00 in a research report on Friday, July 15th. Finally, Deutsche Bank Aktiengesellschaft cut their target price on Cintas from $517.00 to $465.00 and set a “buy” rating on the stock in a research report on Tuesday, July 5th. Three equities research analysts have rated the stock with a hold rating and six have assigned a buy rating to the stock. According to MarketBeat, the stock currently has an average rating of “Moderate Buy” and an average target price of $435.89.

Cintas Company Profile

(Get Rating)

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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