Davis Rea LTD. Has $3.43 Million Stock Holdings in Cintas Corporation $CTAS

Key Points

• Davis Rea LTD increased its stake in Cintas by 128% in the fourth quarter, buying an additional 10,239 shares to hold 18,239 shares worth $3.43 million.
• Analyst sentiment is mixed — with one Strong Buy, several Buys and Holds and one Sell — leaving a consensus rating of "Hold" and a consensus target price of $215.17.
• In its most recent quarter Cintas reported $1.24 EPS (in line with estimates) and revenue of $2.84 billion (slightly above estimates); the company has a $71.06 billion market cap, a P/E of 50.18, and declared a $0.45 quarterly dividend (1.0% yield).

Davis Rea LTD. grew its stake in Cintas Corporation (NASDAQ:CTAS - Free Report) by 128.0% in the 4th quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The firm owned 18,239 shares of the business services provider's stock after buying an additional 10,239 shares during the period. Davis Rea LTD.'s holdings in Cintas were worth $3,430,000 as of its most recent filing with the Securities and Exchange Commission.

Several other institutional investors and hedge funds also recently made changes to their positions in the stock. Richardson Financial Services Inc. grew its stake in Cintas by 1.1% during the fourth quarter. Richardson Financial Services Inc. now owns 5,058 shares of the business services provider's stock worth $951,000 after purchasing an additional 54 shares during the period. Woodward Diversified Capital LLC grew its stake in Cintas by 4.7% during the third quarter. Woodward Diversified Capital LLC now owns 1,229 shares of the business services provider's stock worth $252,000 after purchasing an additional 55 shares during the period. Continuum Advisory LLC grew its stake in Cintas by 0.8% during the third quarter. Continuum Advisory LLC now owns 6,894 shares of the business services provider's stock worth $1,415,000 after purchasing an additional 56 shares during the period. Mather Group LLC. grew its stake in Cintas by 1.4% during the fourth quarter. Mather Group LLC. now owns 4,381 shares of the business services provider's stock worth $824,000 after purchasing an additional 59 shares during the period. Finally, Oakworth Capital Inc. grew its stake in Cintas by 4.8% during the third quarter. Oakworth Capital Inc. now owns 1,300 shares of the business services provider's stock worth $267,000 after purchasing an additional 60 shares during the period. Institutional investors and hedge funds own 63.46% of the company's stock.

Wall Street Analyst Weigh In

CTAS has been the subject of several recent analyst reports. UBS Group reaffirmed a "buy" rating on shares of Cintas in a research note on Thursday, March 12th. Wells Fargo & Company raised Cintas from a "cautious" rating to an "overweight" rating and raised their target price for the stock from $205.00 to $245.00 in a research note on Wednesday, January 14th. Citigroup decreased their target price on Cintas from $181.00 to $160.00 and set a "sell" rating for the company in a research note on Tuesday, March 31st. Weiss Ratings cut Cintas from a "buy (b-)" rating to a "hold (c+)" rating in a research note on Wednesday, April 1st. Finally, Argus raised Cintas to a "strong-buy" rating in a research note on Wednesday, January 21st. One analyst has rated the stock with a Strong Buy rating, five have assigned a Buy rating, seven have given a Hold rating and one has assigned a Sell rating to the stock. According to data from MarketBeat.com, the company has an average rating of "Hold" and a consensus target price of $215.17.

Cintas Stock Up 1.7%

Shares of NASDAQ:CTAS opened at $177.62 on Friday. The business's 50 day simple moving average is $185.66 and its two-hundred day simple moving average is $187.94. The firm has a market cap of $71.06 billion, a P/E ratio of 50.18, a PEG ratio of 3.07 and a beta of 1.01. The company has a debt-to-equity ratio of 0.51, a quick ratio of 1.74 and a current ratio of 1.98. Cintas Corporation has a 52-week low of $165.60 and a 52-week high of $229.24.

Cintas (NASDAQ:CTAS - Get Free Report) last announced its quarterly earnings results on Wednesday, March 25th. The business services provider reported $1.24 earnings per share (EPS) for the quarter, hitting the consensus estimate of $1.24. The business had revenue of $2.84 billion for the quarter, compared to analyst estimates of $2.82 billion. Cintas had a return on equity of 41.47% and a net margin of 17.57%.The company's quarterly revenue was up 8.9% on a year-over-year basis. During the same quarter in the prior year, the company earned $1.13 earnings per share. As a group, research analysts forecast that Cintas Corporation will post 4.89 EPS for the current fiscal year.

Cintas Dividend Announcement

The company also recently declared a quarterly dividend, which will be paid on Monday, June 15th. Shareholders of record on Friday, May 15th will be issued a $0.45 dividend. The ex-dividend date is Friday, May 15th. This represents a $1.80 annualized dividend and a yield of 1.0%. Cintas's dividend payout ratio is presently 50.85%.

Insider Transactions at Cintas

In other Cintas news, Director Ronald W. Tysoe sold 4,666 shares of the stock in a transaction that occurred on Monday, April 20th. The stock was sold at an average price of $178.87, for a total value of $834,607.42. Following the transaction, the director owned 22,448 shares in the company, valued at approximately $4,015,273.76. This represents a 17.21% decrease in their ownership of the stock. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Insiders own 14.90% of the company's stock.

About Cintas

Cintas Corporation NASDAQ: CTAS is a provider of business services and products focused on workplace appearance, safety and facility maintenance. The company is best known for its uniform rental and corporate apparel programs, which include rental, leasing and direct-purchase options, laundering and garment repair. Cintas markets its services to a wide range of end-users, including manufacturing, food service, healthcare, hospitality, retail and government customers.

Beyond uniforms, Cintas offers a suite of facility services and products designed to help organizations maintain clean, safe and compliant workplaces.

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