Atria Investments LLC Has $3.18 Million Stock Position in Cintas Co. (NASDAQ:CTAS)

Atria Investments LLC decreased its stake in shares of Cintas Co. (NASDAQ:CTASGet Rating) by 35.2% during the 2nd quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The fund owned 8,504 shares of the business services provider’s stock after selling 4,621 shares during the quarter. Atria Investments LLC’s holdings in Cintas were worth $3,177,000 at the end of the most recent quarter.

Several other institutional investors have also recently made changes to their positions in CTAS. BlackRock Inc. increased its position in shares of Cintas by 14.5% during the 1st quarter. BlackRock Inc. now owns 7,057,910 shares of the business services provider’s stock worth $3,002,364,000 after purchasing an additional 893,231 shares during the last quarter. Arrowstreet Capital Limited Partnership increased its holdings in shares of Cintas by 8,140.0% during the 1st quarter. Arrowstreet Capital Limited Partnership now owns 173,039 shares of the business services provider’s stock worth $73,609,000 after acquiring an additional 170,939 shares during the last quarter. Deutsche Bank AG increased its holdings in shares of Cintas by 64.8% during the 2nd quarter. Deutsche Bank AG now owns 251,169 shares of the business services provider’s stock worth $93,819,000 after acquiring an additional 98,754 shares during the last quarter. Vanguard Group Inc. increased its holdings in shares of Cintas by 0.9% during the 1st quarter. Vanguard Group Inc. now owns 9,983,902 shares of the business services provider’s stock worth $4,247,053,000 after acquiring an additional 92,123 shares during the last quarter. Finally, Goldman Sachs Group Inc. increased its holdings in shares of Cintas by 33.7% during the 1st quarter. Goldman Sachs Group Inc. now owns 309,016 shares of the business services provider’s stock worth $131,452,000 after acquiring an additional 77,895 shares during the last quarter. Institutional investors and hedge funds own 76.66% of the company’s stock.

Cintas Stock Performance

NASDAQ:CTAS opened at $449.37 on Monday. The stock has a fifty day moving average price of $410.08 and a 200-day moving average price of $400.20. The company has a market cap of $45.63 billion, a price-to-earnings ratio of 37.67, a PEG ratio of 3.43 and a beta of 1.38. The company has a debt-to-equity ratio of 0.77, a quick ratio of 1.42 and a current ratio of 1.72. Cintas Co. has a fifty-two week low of $343.86 and a fifty-two week high of $461.44.

Cintas (NASDAQ:CTASGet Rating) last announced its quarterly earnings data on Wednesday, September 28th. The business services provider reported $3.39 earnings per share for the quarter, topping the consensus estimate of $3.13 by $0.26. Cintas had a return on equity of 36.63% and a net margin of 15.46%. The business had revenue of $2.17 billion during the quarter, compared to the consensus estimate of $2.08 billion. During the same period in the prior year, the company earned $3.11 EPS. Cintas’s revenue for the quarter was up 14.2% on a year-over-year basis. As a group, equities analysts anticipate that Cintas Co. will post 12.52 EPS for the current fiscal year.

Cintas Dividend Announcement

The firm also recently disclosed a quarterly dividend, which will be paid on Thursday, December 15th. Investors of record on Tuesday, November 15th will be given a dividend of $1.15 per share. The ex-dividend date is Monday, November 14th. This represents a $4.60 annualized dividend and a dividend yield of 1.02%. Cintas’s dividend payout ratio is currently 38.56%.

Wall Street Analysts Forecast Growth

A number of research analysts recently weighed in on CTAS shares. Stifel Nicolaus boosted their target price on Cintas from $415.00 to $435.00 in a report on Wednesday, September 28th. Morgan Stanley boosted their target price on Cintas from $352.00 to $373.00 in a report on Thursday, September 29th. Robert W. Baird decreased their price objective on Cintas from $475.00 to $450.00 and set an “outperform” rating on the stock in a report on Thursday, September 29th. Jefferies Financial Group reaffirmed a “buy” rating and issued a $463.00 price objective on shares of Cintas in a report on Tuesday, October 25th. Finally, StockNews.com assumed coverage on Cintas in a report on Wednesday, October 12th. They issued a “buy” rating on the stock. Three investment analysts have rated the stock with a hold rating and seven have issued a buy rating to the stock. Based on data from MarketBeat.com, the company has a consensus rating of “Moderate Buy” and an average price target of $440.70.

Insider Buying and Selling

In other Cintas news, Director Melanie W. Barstad sold 2,116 shares of the stock in a transaction dated Thursday, October 27th. The stock was sold at an average price of $415.43, for a total value of $879,049.88. Following the completion of the transaction, the director now directly owns 6,250 shares in the company, valued at $2,596,437.50. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through the SEC website. 15.10% of the stock is owned by corporate insiders.

About Cintas

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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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