Cintas Co. (NASDAQ:CTAS) Shares Acquired by Greenleaf Trust

Greenleaf Trust increased its position in Cintas Co. (NASDAQ:CTAS) by 2.3% in the fourth quarter, according to its most recent disclosure with the SEC. The institutional investor owned 1,943 shares of the business services provider’s stock after purchasing an additional 44 shares during the period. Greenleaf Trust’s holdings in Cintas were worth $1,171,000 at the end of the most recent reporting period.

Other hedge funds and other institutional investors have also recently bought and sold shares of the company. Quarry LP raised its holdings in shares of Cintas by 221.1% during the first quarter. Quarry LP now owns 61 shares of the business services provider’s stock worth $28,000 after purchasing an additional 42 shares during the period. Janiczek Wealth Management LLC grew its position in shares of Cintas by 113.0% during the 4th quarter. Janiczek Wealth Management LLC now owns 49 shares of the business services provider’s stock valued at $30,000 after buying an additional 26 shares during the last quarter. Catalyst Capital Advisors LLC raised its stake in Cintas by 33.9% during the third quarter. Catalyst Capital Advisors LLC now owns 75 shares of the business services provider’s stock worth $36,000 after acquiring an additional 19 shares during the period. Sunbelt Securities Inc. bought a new position in Cintas in the first quarter worth about $36,000. Finally, Clearstead Advisors LLC acquired a new position in Cintas in the third quarter valued at approximately $39,000. 63.46% of the stock is owned by institutional investors.

Cintas Price Performance

NASDAQ CTAS opened at $661.29 on Monday. Cintas Co. has a 12 month low of $438.59 and a 12 month high of $704.84. The firm has a market capitalization of $67.03 billion, a PE ratio of 45.67, a P/E/G ratio of 3.87 and a beta of 1.27. The company’s 50 day simple moving average is $643.04 and its 200 day simple moving average is $588.71. The company has a debt-to-equity ratio of 0.58, a current ratio of 2.38 and a quick ratio of 2.03.

Cintas (NASDAQ:CTAS) last issued its quarterly earnings results on Wednesday, March 27th. The business services provider reported $3.84 earnings per share (EPS) for the quarter, beating the consensus estimate of $3.58 by $0.26. Cintas had a return on equity of 37.19% and a net margin of 15.98%. The company had revenue of $2.41 billion for the quarter, compared to analysts’ expectations of $2.39 billion. During the same period last year, the firm earned $3.14 EPS. The firm’s revenue for the quarter was up 9.9% on a year-over-year basis. As a group, equities research analysts forecast that Cintas Co. will post 14.95 EPS for the current fiscal year.

Cintas Dividend Announcement

The firm also recently declared a quarterly dividend, which will be paid on Friday, June 14th. Shareholders of record on Wednesday, May 15th will be given a $1.35 dividend. This represents a $5.40 annualized dividend and a yield of 0.82%. The ex-dividend date of this dividend is Tuesday, May 14th. Cintas’s dividend payout ratio (DPR) is presently 37.29%.

Analysts Set New Price Targets

CTAS has been the topic of a number of research reports. StockNews.com upgraded Cintas from a “hold” rating to a “buy” rating in a research report on Monday, March 25th. Oppenheimer reaffirmed a “market perform” rating on shares of Cintas in a research report on Monday, April 1st. Bank of America boosted their price target on shares of Cintas from $700.00 to $790.00 and gave the company a “buy” rating in a report on Thursday, March 28th. Deutsche Bank Aktiengesellschaft increased their price objective on shares of Cintas from $629.00 to $726.00 and gave the stock a “hold” rating in a report on Thursday, March 28th. Finally, The Goldman Sachs Group boosted their target price on shares of Cintas from $673.00 to $765.00 and gave the company a “buy” rating in a research note on Thursday, March 28th. Six research analysts have rated the stock with a hold rating and nine have issued a buy rating to the stock. Based on data from MarketBeat, Cintas has an average rating of “Moderate Buy” and a consensus target price of $661.21.

Cintas Company Profile

Cintas Corporation provides 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.