Cambridge Investment Research Advisors Inc. Raises Stock Holdings in Cintas Corporation (NASDAQ:CTAS)

Cambridge Investment Research Advisors Inc. boosted its stake in shares of Cintas Corporation (NASDAQ:CTAS - Free Report) by 18.4% in the 1st quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The firm owned 38,483 shares of the business services provider's stock after buying an additional 5,989 shares during the quarter. Cambridge Investment Research Advisors Inc.'s holdings in Cintas were worth $7,910,000 as of its most recent SEC filing.

Other institutional investors have also made changes to their positions in the company. Brighton Jones LLC increased its stake in shares of Cintas by 9.3% during the fourth quarter. Brighton Jones LLC now owns 1,268 shares of the business services provider's stock worth $232,000 after buying an additional 108 shares during the period. Bank Pictet & Cie Europe AG grew its holdings in Cintas by 0.7% during the 4th quarter. Bank Pictet & Cie Europe AG now owns 514,336 shares of the business services provider's stock worth $93,969,000 after acquiring an additional 3,504 shares in the last quarter. Sigma Planning Corp grew its holdings in Cintas by 48.1% during the 4th quarter. Sigma Planning Corp now owns 4,338 shares of the business services provider's stock worth $793,000 after acquiring an additional 1,409 shares in the last quarter. First Horizon Advisors Inc. increased its position in shares of Cintas by 12.9% in the 4th quarter. First Horizon Advisors Inc. now owns 1,183 shares of the business services provider's stock valued at $216,000 after purchasing an additional 135 shares during the last quarter. Finally, Wealthspire Advisors LLC raised its holdings in shares of Cintas by 3.2% in the 4th quarter. Wealthspire Advisors LLC now owns 4,081 shares of the business services provider's stock valued at $746,000 after purchasing an additional 125 shares in the last quarter. 63.46% of the stock is currently owned by institutional investors and hedge funds.

Wall Street Analyst Weigh In

Several equities research analysts recently commented on CTAS shares. Robert W. Baird lifted their price target on shares of Cintas from $200.00 to $227.00 and gave the stock a "neutral" rating in a research note on Thursday, March 27th. Argus raised Cintas to a "strong-buy" rating in a report on Wednesday, April 16th. Wells Fargo & Company raised their price target on Cintas from $184.00 to $196.00 and gave the stock an "underweight" rating in a research note on Thursday, March 27th. Morgan Stanley lifted their price target on Cintas from $195.00 to $213.00 and gave the stock an "equal weight" rating in a research report on Thursday, March 27th. Finally, Royal Bank Of Canada reissued a "sector perform" rating and issued a $240.00 price objective (up from $215.00) on shares of Cintas in a report on Monday, June 9th. Three analysts have rated the stock with a sell rating, six have assigned a hold rating, five have given a buy rating and one has issued a strong buy rating to the company. According to data from MarketBeat, the company has a consensus rating of "Hold" and an average price target of $215.81.

Insider Activity at Cintas

In other Cintas news, COO Jim Rozakis sold 2,000 shares of Cintas 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 sale, the chief operating officer now owns 256,528 shares of the company's stock, valued at $48,835,235.36. This trade represents a 0.77% decrease in their position. The transaction was disclosed in a document filed with the SEC, which is available through the SEC website. Also, Director Ronald W. Tysoe sold 8,521 shares of the business's stock in a transaction that occurred on 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 sale, the director now owns 27,029 shares in the company, valued at $5,647,979.84. The trade was a 23.97% decrease in their position. The disclosure for this sale can be found here. 15.00% of the stock is currently owned by company insiders.

Cintas Trading Down 1.8%

Cintas stock opened at $219.24 on Thursday. The business has a 50 day moving average price of $218.05 and a two-hundred day moving average price of $205.51. 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 Corporation has a 12 month low of $172.20 and a 12 month high of $229.24. The stock has a market cap of $88.53 billion, a price-to-earnings ratio of 50.78, a price-to-earnings-growth ratio of 3.48 and a beta of 1.07.

Cintas (NASDAQ:CTAS - Get Free Report) last posted its earnings results on Wednesday, March 26th. The business services provider reported $1.13 earnings per share for the quarter, beating analysts' consensus estimates of $1.05 by $0.08. Cintas had a net margin of 17.53% and a return on equity of 41.30%. The business had revenue of $2.61 billion for the quarter, compared to analysts' expectations of $2.60 billion. During the same quarter in the previous year, the firm posted $3.84 earnings per share. The firm's revenue for the quarter was up 8.4% on a year-over-year basis. As a group, equities analysts forecast that Cintas Corporation will post 4.31 EPS for the current year.

Cintas Announces Dividend

The firm also recently announced a quarterly dividend, which was paid on Friday, June 13th. Stockholders of record on Thursday, May 15th were paid a $0.39 dividend. The ex-dividend date was Thursday, May 15th. This represents a $1.56 dividend on an annualized basis and a dividend yield of 0.71%. Cintas's dividend payout ratio (DPR) is presently 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.

Want to see what other hedge funds are holding CTAS? Visit HoldingsChannel.com to get the latest 13F filings and insider trades for Cintas Corporation (NASDAQ:CTAS - Free Report).

This instant news alert was generated by narrative science technology and financial data from MarketBeat in order to provide readers with the fastest and most accurate reporting. This story was reviewed by MarketBeat's editorial team prior to publication. Please send any questions or comments about this story to contact@marketbeat.com.