Gradient Investments LLC Has $20.51 Million Stake in Cintas Corporation $CTAS

Gradient Investments LLC boosted its stake in Cintas Corporation (NASDAQ:CTAS) by 9,549.4% during the 4th quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The institutional investor owned 109,038 shares of the business services provider’s stock after acquiring an additional 107,908 shares during the quarter. Gradient Investments LLC’s holdings in Cintas were worth $20,507,000 as of its most recent SEC filing.

A number of other institutional investors and hedge funds have also recently added to or reduced their stakes in CTAS. Triumph Capital Management bought a new stake in shares of Cintas in the third quarter valued at about $29,000. Alpine Bank Wealth Management boosted its position in shares of Cintas by 1,092.9% during the third quarter. Alpine Bank Wealth Management now owns 167 shares of the business services provider’s stock worth $34,000 after buying an additional 153 shares during the period. Aventura Private Wealth LLC bought a new position in shares of Cintas during the fourth quarter worth about $34,000. WPG Advisers LLC raised its position in Cintas by 90.0% in the 3rd quarter. WPG Advisers LLC now owns 171 shares of the business services provider’s stock valued at $35,000 after buying an additional 81 shares during the last quarter. Finally, Central Pacific Bank Trust Division raised its position in Cintas by 61.5% in the 4th quarter. Central Pacific Bank Trust Division now owns 189 shares of the business services provider’s stock valued at $36,000 after buying an additional 72 shares during the last quarter. 63.46% of the stock is owned by institutional investors and hedge funds.

Wall Street Analyst Weigh In

CTAS has been the subject of a number of recent research reports. Robert W. Baird raised Cintas from a “neutral” rating to an “outperform” rating and set a $250.00 price target for the company in a research report on Wednesday, March 11th. Weiss Ratings upgraded shares of Cintas from a “hold (c+)” rating to a “buy (b-)” rating in a report on Tuesday, March 17th. Argus raised shares of Cintas to a “strong-buy” rating in a research report on Wednesday, January 21st. Morgan Stanley reduced their target price on shares of Cintas from $220.00 to $210.00 and set an “equal weight” rating for the company in a report on Wednesday, December 17th. Finally, Bank of America assumed coverage on shares of Cintas in a research report on Tuesday, February 17th. They issued a “neutral” rating and a $215.00 target price for the company. One research analyst has rated the stock with a Strong Buy rating, seven have assigned a Buy rating, five have assigned a Hold rating and one has issued a Sell rating to the company. According to MarketBeat.com, Cintas presently has a consensus rating of “Moderate Buy” and an average price target of $220.25.

Cintas Stock Down 1.4%

CTAS stock opened at $179.34 on Monday. The company has a market cap of $71.72 billion, a price-to-earnings ratio of 52.29, a P/E/G ratio of 3.23 and a beta of 0.95. Cintas Corporation has a twelve month low of $177.94 and a twelve month high of $229.24. The business has a 50 day moving average price of $194.95 and a two-hundred day moving average price of $192.45. The company has a quick ratio of 1.49, a current ratio of 1.71 and a debt-to-equity ratio of 0.54.

Cintas (NASDAQ:CTAS) last announced its quarterly earnings data on Thursday, December 18th. The business services provider reported $1.21 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $1.20 by $0.01. The company had revenue of $2.80 billion for the quarter, compared to analysts’ expectations of $2.77 billion. Cintas had a return on equity of 41.07% and a net margin of 17.58%.The business’s revenue was up 9.3% compared to the same quarter last year. During the same quarter in the prior year, the business posted $1.09 EPS. Analysts anticipate that Cintas Corporation will post 4.31 EPS for the current fiscal year.

Cintas Announces Dividend

The company also recently announced a quarterly dividend, which was paid on Friday, March 13th. Investors of record on Friday, February 13th were issued a dividend of $0.45 per share. This represents a $1.80 dividend on an annualized basis and a yield of 1.0%. The ex-dividend date was Friday, February 13th. Cintas’s payout ratio is presently 52.48%.

Cintas Profile

Cintas Corporation (NASDAQ: CTAS) is a provider of business services and products focused on workplace appearance, safety and facility maintenance. The company is best known for its uniform rental and corporate apparel programs, which include rental, leasing and direct-purchase options, laundering and garment repair. Cintas markets its services to a wide range of end-users, including manufacturing, food service, healthcare, hospitality, retail and government customers.

Beyond uniforms, Cintas offers a suite of facility services and products designed to help organizations maintain clean, safe and compliant workplaces.