Cintas Co. (NASDAQ:CTAS) Shares Purchased by UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC

UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC boosted its position in Cintas Co. (NASDAQ:CTAS - Free Report) by 11.7% during the 4th quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The institutional investor owned 2,818,147 shares of the business services provider's stock after acquiring an additional 295,226 shares during the quarter. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC owned 0.70% of Cintas worth $514,875,000 at the end of the most recent quarter.

A number of other institutional investors also recently added to or reduced their stakes in the company. Barclays PLC increased its stake in Cintas by 340.1% in the third quarter. Barclays PLC now owns 1,089,535 shares of the business services provider's stock valued at $224,312,000 after purchasing an additional 841,952 shares during the last quarter. JPMorgan Chase & Co. grew its position in shares of Cintas by 137.5% in the 3rd quarter. JPMorgan Chase & Co. now owns 2,222,527 shares of the business services provider's stock valued at $457,574,000 after buying an additional 1,286,668 shares during the last quarter. Merit Financial Group LLC raised its stake in Cintas by 199.7% during the 4th quarter. Merit Financial Group LLC now owns 9,718 shares of the business services provider's stock worth $1,775,000 after acquiring an additional 6,475 shares in the last quarter. HB Wealth Management LLC lifted its position in Cintas by 1.9% in the fourth quarter. HB Wealth Management LLC now owns 6,800 shares of the business services provider's stock valued at $1,242,000 after acquiring an additional 126 shares during the last quarter. Finally, Grove Bank & Trust boosted its stake in Cintas by 52.8% in the fourth quarter. Grove Bank & Trust now owns 220 shares of the business services provider's stock valued at $40,000 after acquiring an additional 76 shares in the last quarter. Hedge funds and other institutional investors own 63.46% of the company's stock.

Cintas Price Performance

Shares of CTAS traded up $0.63 during trading hours on Monday, reaching $222.29. The company had a trading volume of 1,296,286 shares, compared to its average volume of 1,706,273. 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 12-month low of $164.93 and a 12-month high of $228.12. The firm has a 50 day simple moving average of $207.45 and a 200-day simple moving average of $205.07. The company has a market capitalization of $89.76 billion, a price-to-earnings ratio of 53.60, a PEG ratio of 3.98 and a beta of 1.09.

Cintas (NASDAQ:CTAS - Get Free Report) last posted its quarterly earnings results on Wednesday, March 26th. The business services provider reported $1.13 earnings per share (EPS) for the quarter, beating analysts' consensus estimates of $1.05 by $0.08. The company 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% on a year-over-year basis. During the same period last year, the firm earned $3.84 EPS. Research analysts expect that Cintas Co. will post 4.31 earnings per share for the current year.

Cintas Announces Dividend

The company also recently declared a quarterly dividend, which will be paid on Friday, June 13th. Stockholders of record on Thursday, May 15th will be given a $0.39 dividend. This represents a $1.56 dividend on an annualized basis and a dividend yield of 0.70%. The ex-dividend date of this dividend is Thursday, May 15th. Cintas's dividend payout ratio is currently 36.11%.

Analyst Ratings Changes

Several research analysts have commented on the company. Bank of America started coverage on Cintas in a research report on Thursday, April 10th. They set a "buy" rating and a $250.00 price target on the stock. The Goldman Sachs Group lifted their price objective on shares of Cintas from $211.00 to $233.00 and gave the company a "buy" rating in a research note on Thursday, March 27th. Wells Fargo & Company increased their target price on shares of Cintas from $184.00 to $196.00 and gave the stock an "underweight" rating in a research note on Thursday, March 27th. Citigroup initiated coverage on Cintas in a research report on Monday, February 24th. They issued a "sell" rating and a $161.00 price target on the stock. Finally, Robert W. Baird upped their price objective on Cintas from $200.00 to $227.00 and gave the company a "neutral" rating in a research note on Thursday, March 27th. Three 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. According to data from MarketBeat, the stock has a consensus rating of "Hold" and a consensus price target of $213.88.

Insider Activity

In other Cintas news, COO Jim Rozakis sold 2,000 shares of the firm'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 in the company, valued at approximately $48,835,235.36. This trade represents a 0.77% decrease in their position. The transaction was disclosed in a legal filing with the SEC, which can be accessed through this link. Also, Director Ronald W. Tysoe sold 8,521 shares of the stock in a transaction that occurred 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 now owns 27,029 shares in the company, valued at $5,647,979.84. This represents a 23.97% 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 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.