2,694 Shares in Cintas Co. (NASDAQ:CTAS) Bought by Freestone Grove Partners LP

Freestone Grove Partners LP bought a new stake in Cintas Co. (NASDAQ:CTAS - Free Report) during the 4th quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor bought 2,694 shares of the business services provider's stock, valued at approximately $492,000.

A number of other institutional investors and hedge funds also recently added to or reduced their stakes in the company. Barclays PLC raised its position in Cintas by 340.1% during the 3rd quarter. Barclays PLC now owns 1,089,535 shares of the business services provider's stock worth $224,312,000 after buying an additional 841,952 shares during the last quarter. World Investment Advisors LLC boosted its stake in shares of Cintas by 339.4% in the third quarter. World Investment Advisors LLC now owns 8,771 shares of the business services provider's stock worth $1,806,000 after buying an additional 6,775 shares during the last quarter. Wilmington Savings Fund Society FSB purchased a new stake in shares of Cintas during the third quarter worth about $1,424,000. Peapack Gladstone Financial Corp raised its position in shares of Cintas by 297.2% during the 3rd quarter. Peapack Gladstone Financial Corp now owns 3,932 shares of the business services provider's stock worth $810,000 after purchasing an additional 2,942 shares during the last quarter. Finally, Franklin Resources Inc. boosted its holdings in Cintas by 264.7% in the 3rd quarter. Franklin Resources Inc. now owns 3,279,029 shares of the business services provider's stock worth $693,503,000 after buying an additional 2,379,932 shares during the last quarter. Institutional investors and hedge funds own 63.46% of the company's stock.

Analysts Set New Price Targets

CTAS has been the topic of several research reports. Robert W. Baird raised their price target on shares of Cintas from $200.00 to $227.00 and gave the stock a "neutral" rating in a research note on Thursday, March 27th. Morgan Stanley upped their price objective on Cintas from $195.00 to $213.00 and gave the company an "equal weight" rating in a report on Thursday, March 27th. Royal Bank of Canada restated a "sector perform" rating and issued a $215.00 target price on shares of Cintas in a research report on Thursday, March 27th. Citigroup began coverage on shares of Cintas in a report on Monday, February 24th. They issued a "sell" rating and a $161.00 price objective on the stock. Finally, Redburn Atlantic downgraded shares of Cintas from a "neutral" rating to a "sell" rating and set a $171.00 price target on the stock. in a research note on Thursday, May 1st. Three analysts have rated the stock with a sell rating, six have given a hold rating, six have issued a buy rating and one has given a strong buy rating to the company's stock. Based on data from MarketBeat.com, Cintas has a consensus rating of "Hold" and a consensus target price of $213.88.

Insider Transactions at Cintas

In other Cintas news, COO Jim Rozakis sold 2,000 shares of the business's stock in a transaction 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 completion of the transaction, the chief operating officer now directly owns 256,528 shares in the company, valued at approximately $48,835,235.36. The trade was a 0.77 % decrease in their position. The sale was disclosed in a legal filing with the SEC, which is accessible through this link. Also, Director Ronald W. Tysoe sold 8,521 shares of the firm's stock in a transaction on Monday, April 14th. The stock was sold at an average price of $208.96, for a total value of $1,780,548.16. Following the sale, the director now 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. Insiders own 15.00% of the company's stock.

Cintas Stock Performance

Shares of Cintas stock traded down $0.15 during trading hours on Thursday, hitting $214.96. 1,285,766 shares of the company were exchanged, compared to its average volume of 1,695,880. The business has a 50-day moving average of $202.57 and a 200-day moving average of $204.40. The stock has a market capitalization of $86.80 billion, a price-to-earnings ratio of 51.83, a P/E/G ratio of 3.98 and a beta of 1.09. 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 announced its quarterly 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. Cintas had a return on equity of 40.62% and a net margin of 17.23%. The business had revenue of $2.61 billion during the quarter, compared to analysts' expectations of $2.60 billion. During the same quarter last year, the business posted $3.84 earnings per share. The business's revenue for the quarter was up 8.4% on a year-over-year basis. As a group, analysts expect that Cintas Co. will post 4.31 EPS for the current fiscal year.

Cintas Announces Dividend

The business also recently announced 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 yield of 0.73%. The ex-dividend date is Thursday, May 15th. Cintas's dividend payout ratio (DPR) is presently 36.11%.

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.