Carnegie Investment Counsel Purchases 3,173 Shares of Cintas Corporation $CTAS

Carnegie Investment Counsel increased its position in shares of Cintas Corporation (NASDAQ:CTAS) by 4.1% during the 4th quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The fund owned 81,469 shares of the business services provider’s stock after acquiring an additional 3,173 shares during the quarter. Carnegie Investment Counsel’s holdings in Cintas were worth $15,322,000 as of its most recent SEC filing.

Several other hedge funds and other institutional investors have also bought and sold shares of CTAS. Two Sigma Investments LP boosted its stake in Cintas by 5,641.3% during the 3rd quarter. Two Sigma Investments LP now owns 1,016,671 shares of the business services provider’s stock worth $208,682,000 after acquiring an additional 998,963 shares during the last quarter. SG Americas Securities LLC boosted its stake in Cintas by 2,653.0% during the 4th quarter. SG Americas Securities LLC now owns 1,003,031 shares of the business services provider’s stock worth $188,640,000 after acquiring an additional 966,597 shares during the last quarter. Voloridge Investment Management LLC boosted its stake in Cintas by 275.2% during the 3rd quarter. Voloridge Investment Management LLC now owns 1,123,237 shares of the business services provider’s stock worth $230,556,000 after acquiring an additional 823,885 shares during the last quarter. Freestone Grove Partners LP boosted its stake in Cintas by 5,341.8% during the 3rd quarter. Freestone Grove Partners LP now owns 747,109 shares of the business services provider’s stock worth $153,352,000 after acquiring an additional 733,380 shares during the last quarter. Finally, Alliancebernstein L.P. boosted its stake in Cintas by 125.5% during the 3rd quarter. Alliancebernstein L.P. now owns 1,130,292 shares of the business services provider’s stock worth $232,004,000 after acquiring an additional 629,065 shares during the last quarter. Institutional investors own 63.46% of the company’s stock.

Cintas Stock Performance

Shares of CTAS opened at $174.93 on Friday. The company has a debt-to-equity ratio of 0.51, a quick ratio of 1.74 and a current ratio of 1.98. Cintas Corporation has a twelve month low of $165.60 and a twelve month high of $229.24. The firm’s 50 day moving average price is $188.91 and its two-hundred day moving average price is $189.56. The firm has a market cap of $69.99 billion, a P/E ratio of 49.42, a PEG ratio of 3.12 and a beta of 1.01.

Cintas (NASDAQ:CTAS) last announced its quarterly earnings results on Wednesday, March 25th. The business services provider reported $1.24 earnings per share for the quarter, meeting analysts’ consensus estimates of $1.24. Cintas had a net margin of 17.57% and a return on equity of 41.47%. The firm had revenue of $2.84 billion for the quarter, compared to analyst estimates of $2.82 billion. During the same quarter in the previous year, the firm posted $1.13 earnings per share. The business’s revenue was up 8.9% on a year-over-year basis. On average, analysts forecast that Cintas Corporation will post 4.31 EPS for the current fiscal year.

Cintas Announces Dividend

The firm also recently disclosed a quarterly dividend, which was paid on Friday, March 13th. Stockholders of record on Friday, February 13th were issued a $0.45 dividend. The ex-dividend date was Friday, February 13th. This represents a $1.80 dividend on an annualized basis and a dividend yield of 1.0%. Cintas’s dividend payout ratio (DPR) is 50.85%.

Analyst Ratings Changes

Several research analysts recently weighed in on CTAS shares. Argus raised shares of Cintas to a “strong-buy” rating in a research note on Wednesday, January 21st. Stifel Nicolaus cut their price target on shares of Cintas from $222.00 to $190.00 and set a “hold” rating on the stock in a research note on Thursday, March 26th. Bank of America assumed coverage on shares of Cintas in a research note on Tuesday, February 17th. They issued a “neutral” rating and a $215.00 price target on the stock. UBS Group reaffirmed a “buy” rating on shares of Cintas in a research note on Thursday, March 12th. Finally, Wells Fargo & Company raised shares of Cintas from a “cautious” rating to an “overweight” rating and lifted their price target for the company from $205.00 to $245.00 in a research note on Wednesday, January 14th. One research analyst has rated the stock with a Strong Buy rating, five have given a Buy rating, seven have assigned a Hold rating and one has given a Sell rating to the company’s stock. Based on data from MarketBeat, the company currently has an average rating of “Hold” and a consensus target price of $215.17.

Cintas Company 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.