Banco Bilbao Vizcaya Argentaria S.A. Has $15.41 Million Stake in Cintas Co. (NASDAQ:CTAS)

Banco Bilbao Vizcaya Argentaria S.A. grew its stake in Cintas Co. (NASDAQ:CTAS - Free Report) by 34.0% during the fourth quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The firm owned 84,349 shares of the business services provider's stock after purchasing an additional 21,381 shares during the period. Banco Bilbao Vizcaya Argentaria S.A.'s holdings in Cintas were worth $15,411,000 at the end of the most recent reporting period.

Other hedge funds have also recently added to or reduced their stakes in the company. Sound Income Strategies LLC purchased a new position in shares of Cintas in the fourth quarter valued at $27,000. Cyrus J. Lawrence LLC acquired a new stake in Cintas in the 4th quarter valued at approximately $29,000. Endeavor Private Wealth Inc. acquired a new stake in Cintas in the fourth quarter worth about $31,000. IAG Wealth Partners LLC grew 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 last quarter. Finally, Newbridge Financial Services Group Inc. purchased a new position in shares of Cintas during the 4th quarter valued at $34,000. Institutional investors and hedge funds own 63.46% of the company's stock.

Analysts Set New Price Targets

Several research firms have issued reports on CTAS. UBS Group raised their price target on shares of Cintas from $218.00 to $240.00 and gave the stock a "buy" rating in a research report on Thursday, March 27th. Citigroup started coverage on Cintas in a report on Monday, February 24th. They issued a "sell" rating and a $161.00 price objective for the company. The Goldman Sachs Group increased their price objective on shares of Cintas from $211.00 to $233.00 and gave the stock a "buy" rating in a research note on Thursday, March 27th. Robert W. Baird increased their price target on shares of Cintas from $200.00 to $227.00 and gave the company a "neutral" rating in a report on Thursday, March 27th. Finally, Bank of America started coverage on shares of Cintas in a research note on Thursday, April 10th. They issued a "buy" rating and a $250.00 price objective for the company. Two investment analysts have rated the stock with a sell rating, seven have given a hold rating, six have issued a buy rating and one has issued a strong buy rating to the company's stock. According to MarketBeat, Cintas presently has a consensus rating of "Hold" and a consensus target price of $213.62.

Insider Activity

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 value of $380,740.00. Following the completion of the sale, the chief operating officer now directly owns 256,528 shares in the company, valued at $48,835,235.36. The trade was a 0.77 % decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available through the SEC website. Also, Director Ronald W. Tysoe sold 8,521 shares of the stock in a transaction dated Monday, April 14th. The shares were sold at an average price of $208.96, for a total transaction of $1,780,548.16. Following the completion of the sale, the director now owns 27,029 shares of the company's stock, valued at approximately $5,647,979.84. The trade was a 23.97 % decrease in their position. The disclosure for this sale can be found here. Insiders own 15.00% of the company's stock.

Cintas Price Performance

Shares of CTAS stock traded down $0.45 during trading hours on Wednesday, hitting $208.81. 277,523 shares of the company's stock were exchanged, compared to its average volume of 1,693,049. The firm has a 50 day moving average of $201.68 and a two-hundred day moving average of $204.36. The firm has a market cap of $84.31 billion, a P/E ratio of 50.35, a P/E/G ratio of 3.98 and a beta of 1.20. The company has a quick ratio of 1.38, a current ratio of 1.58 and a debt-to-equity ratio of 0.47. Cintas Co. has a fifty-two week low of $162.16 and a fifty-two week high of $228.12.

Cintas (NASDAQ:CTAS - Get Free Report) last released its quarterly earnings data on Wednesday, March 26th. The business services provider reported $1.13 earnings per share (EPS) for the quarter, topping the consensus estimate of $1.05 by $0.08. Cintas had a net margin of 17.23% and a return on equity of 40.62%. The business had revenue of $2.61 billion during the quarter, compared to analysts' expectations of $2.60 billion. During the same period in the previous year, the company earned $3.84 EPS. The company's revenue for the quarter was up 8.4% on a year-over-year basis. Sell-side analysts forecast that Cintas Co. will post 4.31 EPS for the current year.

Cintas Dividend Announcement

The business also recently announced a quarterly dividend, which will be paid on Friday, June 13th. Stockholders of record on Thursday, May 15th will be given a $0.39 dividend. This represents a $1.56 annualized dividend and a dividend yield of 0.75%. The ex-dividend date of this dividend is Thursday, May 15th. Cintas's payout ratio is 36.11%.

Cintas Company Profile

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.