Capital Asset Advisory Services LLC Purchases 2,822 Shares of Cintas Corporation $CTAS

Capital Asset Advisory Services LLC raised its position in shares of Cintas Corporation (NASDAQ:CTAS) by 17.6% in the fourth quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The firm owned 18,832 shares of the business services provider’s stock after acquiring an additional 2,822 shares during the period. Capital Asset Advisory Services LLC’s holdings in Cintas were worth $3,529,000 as of its most recent SEC filing.

Other hedge funds and other institutional investors have also modified their holdings of the company. Brighton Jones LLC grew its position in Cintas by 9.3% in the 4th quarter. Brighton Jones LLC now owns 1,268 shares of the business services provider’s stock worth $232,000 after purchasing an additional 108 shares during the last quarter. Sivia Capital Partners LLC lifted its position in shares of Cintas by 42.3% in the 2nd quarter. Sivia Capital Partners LLC now owns 1,441 shares of the business services provider’s stock worth $321,000 after acquiring an additional 428 shares during the period. Journey Strategic Wealth LLC grew its holdings in shares of Cintas by 37.5% during the 2nd quarter. Journey Strategic Wealth LLC now owns 1,452 shares of the business services provider’s stock worth $324,000 after purchasing an additional 396 shares in the last quarter. AlphaCore Capital LLC bought a new stake in shares of Cintas during the second quarter valued at approximately $130,000. Finally, American Century Companies Inc. increased its position in shares of Cintas by 0.4% during the second quarter. American Century Companies Inc. now owns 990,154 shares of the business services provider’s stock valued at $220,676,000 after purchasing an additional 3,847 shares during the period. Institutional investors and hedge funds own 63.46% of the company’s stock.

Wall Street Analysts Forecast Growth

CTAS has been the topic of a number of recent research reports. Citigroup reiterated a “sell” rating and set a $181.00 price target (up from $176.00) on shares of Cintas in a research note on Monday, December 22nd. UBS Group restated a “buy” rating on shares of Cintas in a research note on Thursday, March 12th. Bank of America began coverage on shares of Cintas in a report on Tuesday, February 17th. They set a “neutral” rating and a $215.00 price objective for the company. Royal Bank Of Canada reissued a “sector perform” rating and issued a $206.00 target price on shares of Cintas in a research note on Friday, December 19th. Finally, Argus raised shares of Cintas to a “strong-buy” rating in a research report on Wednesday, January 21st. One equities research analyst has rated the stock with a Strong Buy rating, seven have given a Buy rating, five have assigned a Hold rating and one has given a Sell rating to the company’s stock. According to MarketBeat.com, Cintas currently has a consensus rating of “Moderate Buy” and a consensus target price of $220.25.

Cintas Price Performance

NASDAQ:CTAS opened at $181.21 on Tuesday. The company has a quick ratio of 1.49, a current ratio of 1.71 and a debt-to-equity ratio of 0.54. The firm has a market cap of $72.46 billion, a PE ratio of 52.83, a price-to-earnings-growth ratio of 3.23 and a beta of 0.95. Cintas Corporation has a 12 month low of $177.94 and a 12 month high of $229.24. The company’s 50-day moving average price is $194.71 and its two-hundred day moving average price is $192.27.

Cintas Announces Dividend

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

About Cintas

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.