Cintas Corporation (NASDAQ:CTAS) Shares Bought by Wealth Enhancement Advisory Services LLC

Wealth Enhancement Advisory Services LLC grew its holdings in shares of Cintas Corporation (NASDAQ:CTAS) by 75.7% during the first quarter, according to its most recent Form 13F filing with the SEC. The firm owned 221,026 shares of the business services provider’s stock after purchasing an additional 95,244 shares during the period. Wealth Enhancement Advisory Services LLC owned 0.05% of Cintas worth $45,428,000 as of its most recent SEC filing.

Several other institutional investors and hedge funds have also recently bought and sold shares of CTAS. Cyrus J. Lawrence LLC acquired a new stake in Cintas in the fourth quarter worth $29,000. IAG Wealth Partners LLC increased its holdings in shares of Cintas by 136.8% in the 4th quarter. IAG Wealth Partners LLC now owns 180 shares of the business services provider’s stock worth $33,000 after acquiring an additional 104 shares during the period. Meeder Asset Management Inc. increased its holdings in shares of Cintas by 239.3% in the 4th quarter. Meeder Asset Management Inc. now owns 190 shares of the business services provider’s stock worth $35,000 after acquiring an additional 134 shares during the period. OFI Invest Asset Management acquired a new stake in shares of Cintas in the 4th quarter worth about $37,000. Finally, VSM Wealth Advisory LLC acquired a new stake in shares of Cintas in the fourth quarter valued at approximately $40,000. Institutional investors and hedge funds own 63.46% of the company’s stock.

Cintas Stock Performance

Shares of CTAS opened at $218.65 on Friday. The company has a debt-to-equity ratio of 0.44, a current ratio of 1.72 and a quick ratio of 1.50. The stock has a market capitalization of $88.29 billion, a P/E ratio of 50.64, a P/E/G ratio of 3.44 and a beta of 1.07. Cintas Corporation has a 12-month low of $172.20 and a 12-month high of $229.24. The firm’s 50 day moving average is $217.23 and its 200-day moving average is $205.56.

Cintas (NASDAQ:CTAS) last issued its earnings results on Wednesday, March 26th. The business services provider reported $1.13 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $1.05 by $0.08. The business had revenue of $2.61 billion for the quarter, compared to analysts’ expectations of $2.60 billion. Cintas had a return on equity of 41.30% and a net margin of 17.53%. The company’s quarterly revenue was up 8.4% on a year-over-year basis. During the same period in the previous year, the firm posted $3.84 EPS. Equities research analysts anticipate that Cintas Corporation will post 4.31 EPS for the current fiscal year.

Cintas Dividend Announcement

The business also recently declared a quarterly dividend, which was paid on Friday, June 13th. Investors of record on Thursday, May 15th were paid a $0.39 dividend. The ex-dividend date of this dividend was Thursday, May 15th. This represents a $1.56 dividend on an annualized basis and a yield of 0.71%. Cintas’s dividend payout ratio is currently 36.11%.

Insider Transactions at Cintas

In other Cintas news, COO Jim Rozakis sold 2,000 shares of Cintas stock in a transaction that occurred 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 transaction, the chief operating officer now directly owns 256,528 shares in the company, valued at approximately $48,835,235.36. The trade was a 0.77% decrease in their position. The transaction was disclosed in a document filed with the SEC, which is accessible through this hyperlink. Also, Director Ronald W. Tysoe sold 8,521 shares of Cintas stock in a transaction on Monday, April 14th. The shares were sold at an average price of $208.96, for a total value of $1,780,548.16. Following the transaction, the director now owns 27,029 shares in the company, valued at $5,647,979.84. This represents a 23.97% decrease in their position. The disclosure for this sale can be found here. 15.00% of the stock is currently owned by insiders.

Analyst Upgrades and Downgrades

CTAS has been the topic of several analyst reports. Morgan Stanley raised their price target on shares of Cintas from $195.00 to $213.00 and gave the company an “equal weight” rating in a research note on Thursday, March 27th. Redburn Atlantic cut Cintas from a “neutral” rating to a “sell” rating and set a $171.00 target price on the stock. in a research report on Thursday, May 1st. The Goldman Sachs Group raised their price target on Cintas from $211.00 to $233.00 and gave the company a “buy” rating in a report on Thursday, March 27th. Royal Bank Of Canada reissued a “sector perform” rating and set a $240.00 price target (up from $215.00) on shares of Cintas in a report on Monday, June 9th. Finally, Wells Fargo & Company raised their price target on Cintas from $184.00 to $196.00 and gave the company an “underweight” rating in a report on Thursday, March 27th. Three equities research analysts have rated the stock with a sell rating, six have given a hold rating, five have assigned a buy rating and one has assigned a strong buy rating to the company’s stock. Based on data from MarketBeat, the company has a consensus rating of “Hold” and a consensus price target of $215.81.

About Cintas

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.