3,952 Shares in Cintas Corporation (NASDAQ:CTAS) Bought by Capital Investment Advisory Services LLC

Capital Investment Advisory Services LLC purchased a new stake in shares of Cintas Corporation (NASDAQ:CTAS - Free Report) in the 1st quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The institutional investor purchased 3,952 shares of the business services provider's stock, valued at approximately $812,000.

A number of other large investors have also added to or reduced their stakes in CTAS. Catalyst Capital Advisors LLC increased its holdings in Cintas by 24.0% in the 1st quarter. Catalyst Capital Advisors LLC now owns 837 shares of the business services provider's stock worth $172,000 after acquiring an additional 162 shares during the last quarter. IFM Investors Pty Ltd boosted its position in Cintas by 8.6% during the first quarter. IFM Investors Pty Ltd now owns 72,762 shares of the business services provider's stock worth $14,980,000 after purchasing an additional 5,776 shares during the period. GF Fund Management CO. LTD. increased its stake in shares of Cintas by 1.7% in the first quarter. GF Fund Management CO. LTD. now owns 77,739 shares of the business services provider's stock worth $15,978,000 after purchasing an additional 1,305 shares in the last quarter. OneDigital Investment Advisors LLC lifted its stake in shares of Cintas by 15.2% during the 1st quarter. OneDigital Investment Advisors LLC now owns 7,619 shares of the business services provider's stock valued at $1,566,000 after buying an additional 1,007 shares in the last quarter. Finally, Checchi Capital Advisers LLC boosted its holdings in Cintas by 1.0% in the 1st quarter. Checchi Capital Advisers LLC now owns 6,626 shares of the business services provider's stock worth $1,362,000 after buying an additional 64 shares during the period. Hedge funds and other institutional investors own 63.46% of the company's stock.

Analysts Set New Price Targets

CTAS has been the topic of a number of analyst reports. Argus upgraded Cintas to a "strong-buy" rating in a research note on Wednesday, April 16th. Redburn Atlantic cut shares of Cintas from a "neutral" rating to a "sell" rating and set a $171.00 price target on the stock. in a report on Thursday, May 1st. Bank of America assumed coverage on Cintas in a research note on Thursday, April 10th. They set a "buy" rating and a $250.00 price objective for the company. The Goldman Sachs Group upped their target price on Cintas from $233.00 to $257.00 and gave the stock a "buy" rating in a research note on Wednesday, July 2nd. Finally, Royal Bank Of Canada reiterated a "sector perform" rating and set a $240.00 price target (up previously from $215.00) on shares of Cintas in a research report on Monday, June 9th. Two investment analysts have rated the stock with a sell rating, seven have issued a hold rating, five have assigned a buy rating and one has assigned a strong buy rating to the company's stock. According to data from MarketBeat.com, the company presently has a consensus rating of "Hold" and a consensus target price of $219.58.

Cintas Price Performance

CTAS traded down $1.82 during midday trading on Monday, hitting $217.54. The stock had a trading volume of 1,385,480 shares, compared to its average volume of 1,669,499. The company has a market cap of $87.84 billion, a P/E ratio of 50.39, a price-to-earnings-growth ratio of 3.42 and a beta of 1.05. Cintas Corporation has a 1 year low of $176.60 and a 1 year high of $229.24. The business has a fifty day moving average of $220.01 and a 200 day moving average of $206.16. The company has a debt-to-equity ratio of 0.44, a quick ratio of 1.50 and a current ratio of 1.72.

Cintas Announces Dividend

The business also recently disclosed a quarterly dividend, which was paid on Friday, June 13th. Stockholders of record on Thursday, May 15th were paid 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 was Thursday, May 15th. Cintas's dividend payout ratio (DPR) is presently 36.11%.

Insider Activity

In related news, Director Ronald W. Tysoe sold 8,521 shares of the company's stock in a transaction on 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 represents a 23.97% decrease in their position. The transaction was disclosed in a filing with the SEC, which is available through this link. Corporate insiders own 15.00% of the company's stock.

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.