CoreCap Advisors LLC Has $1.89 Million Holdings in Cintas Co. (NASDAQ:CTAS)

CoreCap Advisors LLC boosted its position in shares of Cintas Co. (NASDAQ:CTAS - Free Report) by 515.0% during the 4th quarter, according to the company in its most recent filing with the SEC. The institutional investor owned 10,362 shares of the business services provider's stock after buying an additional 8,677 shares during the quarter. CoreCap Advisors LLC's holdings in Cintas were worth $1,893,000 as of its most recent SEC filing.

Several other hedge funds have also added to or reduced their stakes in the company. Sound Income Strategies LLC bought a new stake in shares of Cintas in the fourth quarter valued at about $27,000. Cyrus J. Lawrence LLC bought a new stake in shares of Cintas during the fourth quarter worth approximately $29,000. Endeavor Private Wealth Inc. acquired a new position in shares of Cintas in the fourth quarter valued at about $31,000. IAG Wealth Partners LLC boosted its stake in shares of Cintas by 136.8% in the fourth quarter. IAG Wealth Partners LLC now owns 180 shares of the business services provider's stock valued at $33,000 after buying an additional 104 shares during the period. Finally, Newbridge Financial Services Group Inc. acquired a new stake in shares of Cintas during the 4th quarter worth $34,000. Institutional investors own 63.46% of the company's stock.

Insider Buying and Selling at Cintas

In other news, COO Jim Rozakis sold 2,000 shares of the company's stock in a transaction on Monday, April 7th. The stock was sold at an average price of $190.37, for a total value of $380,740.00. Following the sale, the chief operating officer now directly owns 256,528 shares in the company, valued at $48,835,235.36. This represents a 0.77 % decrease in their ownership of the stock. The sale 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 stock was sold at an average price of $208.96, for a total transaction of $1,780,548.16. Following the transaction, the director now owns 27,029 shares in the company, valued at approximately $5,647,979.84. The trade was a 23.97 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders own 15.00% of the company's stock.

Wall Street Analysts Forecast Growth

A number of equities analysts recently issued reports on CTAS shares. UBS Group upped their price objective 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. Wells Fargo & Company raised their target price on Cintas from $184.00 to $196.00 and gave the stock an "underweight" rating in a research note on Thursday, March 27th. The Goldman Sachs Group raised their price objective on Cintas from $211.00 to $233.00 and gave the company a "buy" rating in a research note on Thursday, March 27th. Morgan Stanley increased their price objective on Cintas from $195.00 to $213.00 and gave the stock an "equal weight" rating in a research note on Thursday, March 27th. Finally, Robert W. Baird boosted their target price on Cintas from $200.00 to $227.00 and gave the stock a "neutral" rating in a research note on Thursday, March 27th. Three investment analysts have rated the stock with a sell rating, six have assigned a hold rating, six have issued a buy rating and one has given a strong buy rating to the company. Based on data from MarketBeat.com, the stock presently has a consensus rating of "Hold" and a consensus target price of $213.88.

Cintas Stock Down 0.1 %

Shares of Cintas stock traded down $0.17 on Friday, reaching $214.79. The stock had a trading volume of 965,220 shares, compared to its average volume of 1,701,465. The stock has a market capitalization of $86.73 billion, a P/E ratio of 51.79, a P/E/G ratio of 3.98 and a beta of 1.09. Cintas Co. has a 1 year low of $164.93 and a 1 year high of $228.12. The company has a quick ratio of 1.38, a current ratio of 1.58 and a debt-to-equity ratio of 0.47. The company has a 50 day moving average price of $202.92 and a 200 day moving average price of $204.44.

Cintas (NASDAQ:CTAS - Get Free Report) last posted its quarterly earnings results on Wednesday, March 26th. The business services provider reported $1.13 earnings per share (EPS) for the quarter, topping analysts' consensus estimates of $1.05 by $0.08. Cintas had a net margin of 17.23% and a return on equity of 40.62%. The company had revenue of $2.61 billion during the quarter, compared to analyst estimates of $2.60 billion. During the same period last year, the firm posted $3.84 EPS. Cintas's revenue for the quarter was up 8.4% compared to the same quarter last year. As a group, equities research analysts forecast that Cintas Co. will post 4.31 EPS for the current year.

Cintas Dividend Announcement

The firm also recently declared a quarterly dividend, which will be paid on Friday, June 13th. Shareholders of record on Thursday, May 15th will be given a $0.39 dividend. The ex-dividend date of this dividend is Thursday, May 15th. This represents a $1.56 annualized dividend and a yield of 0.73%. Cintas's dividend payout ratio is presently 36.11%.

Cintas 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.