Wealth Dimensions Group Ltd. Invests $401,000 in Cintas Corporation (NASDAQ:CTAS)

Wealth Dimensions Group Ltd. purchased a new position in Cintas Corporation (NASDAQ:CTAS - Free Report) during the 1st quarter, according to the company in its most recent filing with the SEC. The institutional investor purchased 1,951 shares of the business services provider's stock, valued at approximately $401,000.

Several other hedge funds and other institutional investors also recently bought and sold shares of the business. Brighton Jones LLC increased its stake in Cintas by 9.3% during the fourth quarter. Brighton Jones LLC now owns 1,268 shares of the business services provider's stock worth $232,000 after purchasing an additional 108 shares during the period. Bank Pictet & Cie Europe AG increased its position in Cintas by 0.7% during the 4th quarter. Bank Pictet & Cie Europe AG now owns 514,336 shares of the business services provider's stock worth $93,969,000 after purchasing an additional 3,504 shares in the last quarter. Proficio Capital Partners LLC acquired a new position in shares of Cintas in the 4th quarter valued at about $295,000. Harbour Investments Inc. raised its holdings in shares of Cintas by 17.1% during the 4th quarter. Harbour Investments Inc. now owns 492 shares of the business services provider's stock valued at $90,000 after buying an additional 72 shares during the period. Finally, Whittier Trust Co. increased its holdings in Cintas by 15.2% during the 4th quarter. Whittier Trust Co. now owns 3,840 shares of the business services provider's stock worth $702,000 after purchasing an additional 508 shares during the last quarter. Institutional investors and hedge funds own 63.46% of the company's stock.

Cintas Stock Performance

NASDAQ CTAS traded down $0.62 on Monday, hitting $221.32. 1,523,615 shares of the company traded hands, compared to its average volume of 1,665,343. Cintas Corporation has a 52-week low of $180.78 and a 52-week high of $229.24. The company has a current ratio of 2.09, a quick ratio of 1.82 and a debt-to-equity ratio of 0.52. The business's 50 day moving average price is $220.99 and its 200-day moving average price is $208.40. The company has a market capitalization of $89.37 billion, a price-to-earnings ratio of 50.19, a P/E/G ratio of 3.50 and a beta of 1.05.

Cintas (NASDAQ:CTAS - Get Free Report) last posted its quarterly earnings data on Thursday, July 17th. The business services provider reported $1.09 earnings per share (EPS) for the quarter, topping the consensus estimate of $1.07 by $0.02. Cintas had a return on equity of 41.21% and a net margin of 17.53%. The company had revenue of $2.67 billion for the quarter, compared to analysts' expectations of $2.63 billion. During the same period in the previous year, the firm posted $3.99 EPS. Cintas's revenue was up 8.0% compared to the same quarter last year. Equities analysts expect that Cintas Corporation will post 4.31 earnings per share for the current year.

Analysts Set New Price Targets

A number of brokerages have recently commented on CTAS. Robert W. Baird increased their price objective on Cintas from $227.00 to $230.00 and gave the company a "neutral" rating in a report on Friday. Royal Bank Of Canada restated a "sector perform" rating and issued a $240.00 price target (up from $215.00) on shares of Cintas in a report on Monday, June 9th. Bank of America initiated coverage on Cintas in a research report on Thursday, April 10th. They issued a "buy" rating and a $250.00 target price on the stock. Wells Fargo & Company upgraded Cintas from an "underweight" rating to an "equal weight" rating and increased their price target for the company from $196.00 to $221.00 in a research note on Tuesday, July 1st. Finally, UBS Group lifted their price target on Cintas from $240.00 to $255.00 and gave the company a "buy" rating in a research note on Friday. Two analysts have rated the stock with a sell rating, five have issued a hold rating, six have assigned a buy rating and one has issued a strong buy rating to the company. Based on data from MarketBeat, Cintas presently has an average rating of "Hold" and an average price target of $224.54.

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.