Cintas Co. (NASDAQ:CTAS) Shares Acquired by Thurston Springer Miller Herd & Titak Inc.

Thurston Springer Miller Herd & Titak Inc. boosted its position in shares of Cintas Co. (NASDAQ:CTAS - Free Report) by 29.6% in the first quarter, according to its most recent filing with the Securities & Exchange Commission. The fund owned 24,810 shares of the business services provider's stock after buying an additional 5,663 shares during the quarter. Cintas makes up about 0.9% of Thurston Springer Miller Herd & Titak Inc.'s holdings, making the stock its 18th biggest holding. Thurston Springer Miller Herd & Titak Inc.'s holdings in Cintas were worth $5,099,000 at the end of the most recent reporting period.

Several other institutional investors have also added to or reduced their stakes in CTAS. JPMorgan Chase & Co. boosted its position in shares of Cintas by 137.5% during the third quarter. JPMorgan Chase & Co. now owns 2,222,527 shares of the business services provider's stock valued at $457,574,000 after purchasing an additional 1,286,668 shares in the last quarter. Brighton Jones LLC increased its position in shares of Cintas by 9.3% during the 4th quarter. Brighton Jones LLC now owns 1,268 shares of the business services provider's stock valued at $232,000 after purchasing an additional 108 shares during the last quarter. Optas LLC grew its position in shares of Cintas by 6.1% during the 4th quarter. Optas LLC now owns 1,167 shares of the business services provider's stock valued at $213,000 after acquiring an additional 67 shares during the period. Trust Point Inc. increased its position in Cintas by 2.3% in the fourth quarter. Trust Point Inc. now owns 3,167 shares of the business services provider's stock worth $579,000 after buying an additional 72 shares in the last quarter. Finally, Mather Group LLC. boosted its position in shares of Cintas by 5.2% in the fourth quarter. Mather Group LLC. now owns 4,082 shares of the business services provider's stock worth $746,000 after purchasing an additional 203 shares during the period. Hedge funds and other institutional investors own 63.46% of the company's stock.

Cintas Stock Performance

Shares of CTAS stock traded up $0.76 during trading hours on Friday, reaching $227.66. 1,010,259 shares of the company's stock were exchanged, compared to its average volume of 1,690,671. The company's 50 day moving average is $212.32 and its two-hundred day moving average is $205.59. Cintas Co. has a 1 year low of $169.46 and a 1 year high of $229.17. The company has a market cap of $91.93 billion, a P/E ratio of 54.89, a price-to-earnings-growth ratio of 3.98 and a beta of 1.07. The company has a debt-to-equity ratio of 0.47, a current ratio of 1.58 and a quick ratio of 1.38.

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

Cintas Dividend Announcement

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

Insider Transactions at Cintas

In related news, Director Ronald W. Tysoe sold 8,521 shares of Cintas 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 sale, the director now owns 27,029 shares of the company's stock, valued at $5,647,979.84. The trade was a 23.97% decrease in their position. The transaction was disclosed in a filing with the SEC, which is accessible through the SEC website. Also, COO Jim Rozakis sold 2,000 shares of the company's stock in a transaction dated Monday, April 7th. The shares were sold at an average price of $190.37, for a total transaction 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 disclosure for this sale can be found here. Company insiders own 15.00% of the company's stock.

Analysts Set New Price Targets

CTAS has been the subject of several research analyst reports. UBS Group raised their price target on Cintas from $218.00 to $240.00 and gave the company a "buy" rating in a report on Thursday, March 27th. Bank of America started coverage on Cintas in a research note on Thursday, April 10th. They issued a "buy" rating and a $250.00 price objective on the stock. Redburn Atlantic downgraded shares of Cintas from a "neutral" rating to a "sell" rating and set a $171.00 target price on the stock. in a research report on Thursday, May 1st. The Goldman Sachs Group boosted their price target on Cintas from $211.00 to $233.00 and gave the stock a "buy" rating in a research report on Thursday, March 27th. Finally, Robert W. Baird boosted their target price on shares of Cintas from $200.00 to $227.00 and gave the stock a "neutral" rating in a report on Thursday, March 27th. Three equities research analysts have rated the stock with a sell rating, six have issued a hold rating, six have issued a buy rating and one has issued a strong buy rating to the company's stock. Based on data from MarketBeat.com, the company has a consensus rating of "Hold" and an average price target of $213.88.

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.