2,553 Shares in Cintas Co. (NASDAQ:CTAS) Bought by Investment Management Corp VA ADV

Investment Management Corp VA ADV bought a new stake in Cintas Co. (NASDAQ:CTAS - Free Report) in the fourth quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The fund bought 2,553 shares of the business services provider's stock, valued at approximately $466,000.

Several other institutional investors and hedge funds have also bought and sold shares of the company. GTS Securities LLC bought a new stake in Cintas during the fourth quarter worth about $239,000. Alpine Global Management LLC bought a new stake in Cintas during the fourth quarter worth about $284,000. Vise Technologies Inc. lifted its position in Cintas by 149.6% during the fourth quarter. Vise Technologies Inc. now owns 5,888 shares of the business services provider's stock worth $1,076,000 after purchasing an additional 3,529 shares during the period. Connecticut Wealth Management LLC lifted its position in Cintas by 0.3% during the fourth quarter. Connecticut Wealth Management LLC now owns 16,992 shares of the business services provider's stock worth $3,104,000 after purchasing an additional 56 shares during the period. Finally, Novem Group bought a new position in shares of Cintas in the fourth quarter worth about $894,000. Institutional investors own 63.46% of the company's stock.

Insiders Place Their Bets

In other Cintas news, Director Ronald W. Tysoe sold 8,521 shares of the stock in a transaction that occurred on Monday, April 14th. The stock was sold at an average price of $208.96, for a total transaction of $1,780,548.16. Following the transaction, the director now directly owns 27,029 shares in the company, valued at approximately $5,647,979.84. This represents a 23.97% decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this link. Also, COO Jim Rozakis sold 2,000 shares of the stock in a transaction that occurred on Monday, April 7th. The stock was sold at an average price of $190.37, for a total value of $380,740.00. Following the transaction, the chief operating officer now owns 256,528 shares in the company, valued at $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.

Cintas Trading Up 1.6%

NASDAQ:CTAS traded up $3.59 on Tuesday, reaching $225.88. 1,603,274 shares of the stock traded hands, compared to its average volume of 1,823,032. The firm has a market capitalization of $91.21 billion, a price-to-earnings ratio of 54.46, a price-to-earnings-growth ratio of 3.98 and a beta of 1.09. The company's 50 day moving average is $207.97 and its 200-day moving average is $205.04. The company has a current ratio of 1.58, a quick ratio of 1.38 and a debt-to-equity ratio of 0.47. Cintas Co. has a 1-year low of $164.93 and a 1-year high of $228.12.

Cintas (NASDAQ:CTAS - Get Free Report) last released 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. The business had revenue of $2.61 billion during 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 posted $3.84 EPS. Equities research analysts anticipate that Cintas Co. will post 4.31 EPS for the current fiscal year.

Cintas Announces Dividend

The firm also recently declared a quarterly dividend, which will be paid on Friday, June 13th. Shareholders of record on Thursday, May 15th will be issued 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 payout ratio is 36.11%.

Analyst Ratings Changes

A number of research analysts have recently commented on the stock. UBS Group increased their target price on shares of Cintas from $218.00 to $240.00 and gave the stock a "buy" rating in a report on Thursday, March 27th. Argus raised shares of Cintas to a "strong-buy" rating in a report on Wednesday, April 16th. Robert W. Baird increased 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. Bank of America assumed coverage on shares of Cintas in a report on Thursday, April 10th. They issued a "buy" rating and a $250.00 target price for the company. Finally, The Goldman Sachs Group increased their target price on shares of Cintas from $211.00 to $233.00 and gave the stock a "buy" 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 given a buy rating and one has assigned a strong buy rating to the stock. According to MarketBeat, the company currently has an average rating of "Hold" and a consensus price target of $213.88.

About Cintas

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.