MEAG MUNICH ERGO Kapitalanlagegesellschaft mbH Makes New $883,000 Investment in Cintas Corporation (NASDAQ:CTAS)

MEAG MUNICH ERGO Kapitalanlagegesellschaft mbH acquired a new stake in Cintas Corporation (NASDAQ:CTAS - Free Report) during the 1st quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The institutional investor acquired 4,295 shares of the business services provider's stock, valued at approximately $883,000.

A number of other hedge funds also recently made changes to their positions in the business. Cyrus J. Lawrence LLC bought a new position in shares of Cintas during the fourth quarter worth approximately $29,000. IAG Wealth Partners LLC grew its position in Cintas by 136.8% during the fourth quarter. IAG Wealth Partners LLC now owns 180 shares of the business services provider's stock worth $33,000 after buying an additional 104 shares in the last quarter. Meeder Asset Management Inc. increased its stake in Cintas by 239.3% during the 4th quarter. Meeder Asset Management Inc. now owns 190 shares of the business services provider's stock worth $35,000 after acquiring an additional 134 shares during the period. OFI Invest Asset Management acquired a new position in Cintas in the 4th quarter valued at $37,000. Finally, VSM Wealth Advisory LLC bought a new stake in shares of Cintas during the 4th quarter valued at $40,000. 63.46% of the stock is owned by institutional investors and hedge funds.

Insider Buying and Selling

In other news, 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 transaction, the chief operating officer now owns 256,528 shares in the company, valued at approximately $48,835,235.36. This represents a 0.77% decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. Also, Director Ronald W. Tysoe sold 8,521 shares of the stock in a transaction dated 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 $5,647,979.84. This trade represents 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 insiders.

Cintas Trading Down 0.5%

Shares of Cintas stock traded down $1.15 during trading on Tuesday, hitting $221.32. The company's stock had a trading volume of 1,451,114 shares, compared to its average volume of 1,702,822. The stock has a market cap of $89.37 billion, a price-to-earnings ratio of 51.53, a price-to-earnings-growth ratio of 3.47 and a beta of 1.07. The company has a debt-to-equity ratio of 0.44, a current ratio of 1.72 and a quick ratio of 1.50. Cintas Corporation has a 52 week low of $172.20 and a 52 week high of $229.24. The stock has a 50-day moving average price of $215.95 and a two-hundred day moving average price of $205.39.

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

Cintas Announces Dividend

The firm also recently announced a quarterly dividend, which was paid on Friday, June 13th. Investors of record on Thursday, May 15th were given a dividend of $0.39 per share. The ex-dividend date of this dividend was Thursday, May 15th. This represents a $1.56 annualized dividend and a dividend yield of 0.70%. Cintas's payout ratio is 36.11%.

Analyst Upgrades and Downgrades

Several research firms recently issued reports on CTAS. Redburn Atlantic lowered shares of Cintas from a "neutral" rating to a "sell" rating and set a $171.00 price target on the stock. in a research report on Thursday, May 1st. Robert W. Baird boosted their price target on Cintas from $200.00 to $227.00 and gave the stock a "neutral" rating in a report on Thursday, March 27th. The Goldman Sachs Group raised their price objective on Cintas from $211.00 to $233.00 and gave the company a "buy" rating in a research note on Thursday, March 27th. Morgan Stanley increased their target price on shares of Cintas from $195.00 to $213.00 and gave the stock an "equal weight" rating in a report on Thursday, March 27th. Finally, Citigroup initiated coverage on shares of Cintas in a report on Monday, February 24th. They set a "sell" rating and a $161.00 price target on the stock. Three equities research analysts have rated the stock with a sell rating, six have issued a hold rating, five have issued a buy rating and one has assigned a strong buy rating to the stock. Based on data from MarketBeat, the company has an average rating of "Hold" and a consensus price target of $215.81.

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.