1,163 Shares in Cintas Co. (NASDAQ:CTAS) Purchased by RFG Advisory LLC

RFG Advisory LLC purchased a new stake in Cintas Co. (NASDAQ:CTAS - Free Report) in the first quarter, according to its most recent filing with the SEC. The fund purchased 1,163 shares of the business services provider's stock, valued at approximately $239,000.

Other institutional investors have also made changes to their positions in the company. Geode Capital Management LLC grew its stake in Cintas by 2.7% during the 4th quarter. Geode Capital Management LLC now owns 8,468,080 shares of the business services provider's stock worth $1,544,822,000 after buying an additional 219,809 shares during the last quarter. Invesco Ltd. lifted its holdings in shares of Cintas by 6.1% during the fourth quarter. Invesco Ltd. now owns 5,118,479 shares of the business services provider's stock valued at $935,146,000 after purchasing an additional 296,059 shares during the last quarter. Norges Bank purchased a new stake in shares of Cintas during the fourth quarter valued at $877,216,000. Northern Trust Corp lifted its holdings in shares of Cintas by 13.1% during the fourth quarter. Northern Trust Corp now owns 4,067,037 shares of the business services provider's stock valued at $743,048,000 after purchasing an additional 472,069 shares during the last quarter. Finally, Royal Bank of Canada lifted its stake in Cintas by 3.3% in the 4th quarter. Royal Bank of Canada now owns 3,655,835 shares of the business services provider's stock worth $667,919,000 after acquiring an additional 115,268 shares in the last quarter. 63.46% of the stock is currently owned by institutional investors.

Cintas Trading Up 0.3%

Shares of CTAS opened at $227.66 on Monday. The stock has a fifty day moving average price of $212.71 and a two-hundred day moving average price of $205.46. The company has a debt-to-equity ratio of 0.47, a quick ratio of 1.38 and a current ratio of 1.58. Cintas Co. has a 52-week low of $169.46 and a 52-week high of $229.24. The company has a market cap of $91.93 billion, a price-to-earnings ratio of 54.89, a PEG ratio of 3.98 and a beta of 1.07.

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

Cintas Announces Dividend

The business also recently disclosed a quarterly dividend, which will be paid on Friday, June 13th. Investors of record on Thursday, May 15th will be paid a dividend of $0.39 per share. The ex-dividend date of this dividend is Thursday, May 15th. This represents a $1.56 dividend on an annualized basis and a dividend yield of 0.69%. Cintas's dividend payout ratio (DPR) is presently 36.11%.

Analyst Upgrades and Downgrades

Several brokerages recently issued reports on CTAS. Redburn Atlantic downgraded Cintas from a "neutral" rating to a "sell" rating and set a $171.00 price objective for the company. in a research note on Thursday, May 1st. Morgan Stanley raised their target price on Cintas from $195.00 to $213.00 and gave the company an "equal weight" rating in a report on Thursday, March 27th. Citigroup assumed coverage on Cintas in a report on Monday, February 24th. They issued a "sell" rating and a $161.00 target price on the stock. Argus raised Cintas to a "strong-buy" rating in a report on Wednesday, April 16th. Finally, UBS Group lifted their price objective on Cintas from $218.00 to $240.00 and gave the stock a "buy" rating in a report on Thursday, March 27th. Three analysts have rated the stock with a sell rating, six have given a hold rating, six have assigned a buy rating and one has assigned a strong buy rating to the company's stock. Based on data from MarketBeat, the stock presently has an average rating of "Hold" and an average target price of $213.88.

Insider Buying and Selling

In other Cintas news, COO Jim Rozakis sold 2,000 shares of the business's stock in a transaction dated Monday, April 7th. The stock was sold at an average price of $190.37, for a total value of $380,740.00. Following the completion of the transaction, the chief operating officer now directly owns 256,528 shares of the company's stock, valued at approximately $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 accessible through the SEC website. Also, Director Ronald W. Tysoe sold 8,521 shares of the business's stock in a transaction dated Monday, April 14th. The shares were sold at an average price of $208.96, for a total value of $1,780,548.16. Following the completion of the transaction, the director now directly 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 ownership of the stock. The disclosure for this sale can be found here. 15.00% of the stock is owned by insiders.

About Cintas

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.

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