Mercer Global Advisors Inc. ADV Purchases 86 Shares of Cintas Co. (NASDAQ:CTAS)

Mercer Global Advisors Inc. ADV lifted its position in Cintas Co. (NASDAQ:CTAS – Get Rating) by 3.3% in the 4th quarter, according to the company in its most recent 13F filing with the SEC. The institutional investor owned 2,672 shares of the business services provider’s stock after buying an additional 86 shares during the quarter. Mercer Global Advisors Inc. ADV’s holdings in Cintas were worth $1,207,000 as of its most recent filing with the SEC.

Several other large investors have also made changes to their positions in CTAS. BlackRock Inc. boosted its position in Cintas by 5.2% during the third quarter. BlackRock Inc. now owns 7,579,704 shares of the business services provider’s stock worth $2,942,364,000 after purchasing an additional 375,669 shares during the period. Arrowstreet Capital Limited Partnership lifted its holdings in shares of Cintas by 8,140.0% during the first quarter. Arrowstreet Capital Limited Partnership now owns 173,039 shares of the business services provider’s stock worth $73,609,000 after buying an additional 170,939 shares during the last quarter. Goldman Sachs Group Inc. lifted its holdings in shares of Cintas by 51.6% during the second quarter. Goldman Sachs Group Inc. now owns 468,412 shares of the business services provider’s stock worth $174,967,000 after buying an additional 159,396 shares during the last quarter. Pictet Asset Management SA lifted its holdings in shares of Cintas by 17.5% during the third quarter. Pictet Asset Management SA now owns 620,717 shares of the business services provider’s stock worth $240,018,000 after buying an additional 92,226 shares during the last quarter. Finally, Los Angeles Capital Management LLC lifted its holdings in shares of Cintas by 112.4% during the fourth quarter. Los Angeles Capital Management LLC now owns 166,555 shares of the business services provider’s stock worth $75,220,000 after buying an additional 88,148 shares during the last quarter. Institutional investors own 61.92% of the company’s stock.

Cintas Stock Performance

Cintas stock opened at $472.20 on Friday. The company has a debt-to-equity ratio of 0.68, a current ratio of 2.10 and a quick ratio of 1.71. The stock has a fifty day moving average price of $453.62 and a two-hundred day moving average price of $447.30. Cintas Co. has a 52-week low of $343.86 and a 52-week high of $478.39. The firm has a market capitalization of $48.02 billion, a P/E ratio of 37.90, a P/E/G ratio of 3.16 and a beta of 1.34.

Cintas (NASDAQ:CTAS – Get Rating) last released its quarterly earnings data on Wednesday, March 29th. The business services provider reported $3.14 earnings per share (EPS) for the quarter, topping the consensus estimate of $3.01 by $0.13. The firm had revenue of $2.19 billion during the quarter, compared to analyst estimates of $2.15 billion. Cintas had a return on equity of 38.12% and a net margin of 15.06%. The business’s revenue for the quarter was up 11.7% compared to the same quarter last year. During the same period in the prior year, the company posted $2.69 earnings per share. As a group, analysts anticipate that Cintas Co. will post 12.83 EPS for the current fiscal year.

Cintas Announces Dividend

The firm also recently announced a quarterly dividend, which will be paid on Thursday, June 15th. Stockholders of record on Monday, May 15th will be issued a dividend of $1.15 per share. This represents a $4.60 annualized dividend and a dividend yield of 0.97%. The ex-dividend date of this dividend is Friday, May 12th. Cintas’s payout ratio is presently 36.92%.

Analyst Ratings Changes

A number of research analysts have recently commented on the company. Robert W. Baird upped their price target on Cintas from $500.00 to $512.00 and gave the stock an “outperform” rating in a report on Thursday, March 30th. Bank of America upped their price target on Cintas from $513.00 to $523.00 and gave the stock a “neutral” rating in a report on Thursday, March 30th. Stifel Nicolaus upped their target price on Cintas from $503.00 to $512.00 in a research note on Thursday, March 30th. Royal Bank of Canada restated an “outperform” rating and issued a $525.00 target price on shares of Cintas in a research note on Thursday, March 30th. Finally, StockNews.com began coverage on Cintas in a research note on Thursday. They issued a “buy” rating for the company. Four analysts have rated the stock with a hold rating and five have issued a buy rating to the company’s stock. According to MarketBeat, Cintas has an average rating of “Moderate Buy” and an average price target of $501.25.

Cintas Company Profile

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Cintas Corp. engages in the provision of corporate identity uniforms through rental and sales programs. It operates through the following segments: Uniform Rental and Facility Services, First Aid and Safety Services, and All Other. The Uniform Rental and Facility Services segment consists of the rental and servicing of uniforms and other garments including flame resistant clothing, mats, mops and shop towels, and other ancillary items.