Argentarii LLC Boosts Holdings in Cintas Corporation (NASDAQ:CTAS)

Argentarii LLC grew its holdings in Cintas Corporation (NASDAQ:CTAS - Free Report) by 44.6% during the 1st quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The fund owned 7,327 shares of the business services provider's stock after acquiring an additional 2,259 shares during the period. Argentarii LLC's holdings in Cintas were worth $1,506,000 at the end of the most recent quarter.

Other large investors have also made changes to their positions in the company. MJP Associates Inc. ADV boosted its holdings in Cintas by 2.1% during the fourth quarter. MJP Associates Inc. ADV now owns 2,412 shares of the business services provider's stock worth $441,000 after buying an additional 50 shares in the last quarter. TIAA Trust National Association lifted its holdings in Cintas by 1.0% during the fourth quarter. TIAA Trust National Association now owns 5,380 shares of the business services provider's stock valued at $983,000 after purchasing an additional 52 shares in the last quarter. Wellspring Financial Advisors LLC lifted its holdings in Cintas by 4.6% during the fourth quarter. Wellspring Financial Advisors LLC now owns 1,171 shares of the business services provider's stock valued at $214,000 after purchasing an additional 52 shares in the last quarter. Johnson Financial Group Inc. lifted its holdings in Cintas by 7.7% during the fourth quarter. Johnson Financial Group Inc. now owns 728 shares of the business services provider's stock valued at $146,000 after purchasing an additional 52 shares in the last quarter. Finally, Portside Wealth Group LLC lifted its holdings in Cintas by 4.2% during the first quarter. Portside Wealth Group LLC now owns 1,314 shares of the business services provider's stock valued at $270,000 after purchasing an additional 53 shares in the last quarter. 63.46% of the stock is owned by hedge funds and other institutional investors.

Insider Buying and Selling at Cintas

In other Cintas news, Director Ronald W. Tysoe sold 8,521 shares of Cintas 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 directly owned 27,029 shares in the company, valued at $5,647,979.84. This trade represents a 23.97% decrease in their ownership of the stock. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website. 15.00% of the stock is currently owned by corporate insiders.

Wall Street Analysts Forecast Growth

Several equities analysts have issued reports on CTAS shares. Morgan Stanley increased their price objective on shares of Cintas from $195.00 to $213.00 and gave the company an "equal weight" rating in a report on Thursday, March 27th. Robert W. Baird increased their target price on shares of Cintas from $200.00 to $227.00 and gave the company a "neutral" rating in a research report on Thursday, March 27th. Redburn Atlantic cut shares of Cintas from a "neutral" rating to a "sell" rating and set a $171.00 target price for the company. in a research report on Thursday, May 1st. The Goldman Sachs Group increased their target price on shares of Cintas from $233.00 to $257.00 and gave the company a "buy" rating in a research report on Wednesday, July 2nd. Finally, Royal Bank Of Canada reiterated a "sector perform" rating and issued a $240.00 target price (up from $215.00) on shares of Cintas in a research report on Monday, June 9th. Two research analysts have rated the stock with a sell rating, seven have assigned a hold rating, five have assigned a buy rating and one has issued a strong buy rating to the company. According to MarketBeat.com, Cintas currently has a consensus rating of "Hold" and an average price target of $219.58.

Cintas Trading Down 0.8%

Shares of CTAS traded down $1.82 during trading on Monday, reaching $217.54. 1,385,480 shares of the company traded hands, compared to its average volume of 1,669,499. Cintas Corporation has a twelve month low of $176.60 and a twelve month high of $229.24. The stock has a market cap of $87.84 billion, a PE ratio of 50.39, a price-to-earnings-growth ratio of 3.42 and a beta of 1.05. The stock has a 50-day simple moving average of $220.01 and a 200-day simple moving average of $206.16. The company has a quick ratio of 1.50, a current ratio of 1.72 and a debt-to-equity ratio of 0.44.

Cintas Announces Dividend

The business also recently declared a quarterly dividend, which was paid on Friday, June 13th. Shareholders of record on Thursday, May 15th were given a dividend of $0.39 per share. This represents a $1.56 dividend on an annualized basis and a dividend yield of 0.72%. The ex-dividend date of this dividend was Thursday, May 15th. 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.