Prime Capital Investment Advisors LLC boosted its stake in Cintas Co. (NASDAQ:CTAS - Free Report) by 204.4% during the 4th quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The firm owned 5,592 shares of the business services provider's stock after buying an additional 3,755 shares during the period. Prime Capital Investment Advisors LLC's holdings in Cintas were worth $3,370,000 as of its most recent SEC filing.
Several other large investors have also recently added to or reduced their stakes in the stock. Norges Bank acquired a new position in shares of Cintas during the fourth quarter valued at $379,291,000. Select Equity Group L.P. increased its holdings in shares of Cintas by 1,344.1% during the fourth quarter. Select Equity Group L.P. now owns 473,448 shares of the business services provider's stock valued at $213,819,000 after purchasing an additional 440,662 shares during the period. Goldman Sachs Group Inc. increased its holdings in shares of Cintas by 52.5% during the second quarter. Goldman Sachs Group Inc. now owns 850,617 shares of the business services provider's stock valued at $422,825,000 after purchasing an additional 292,701 shares during the period. Arrowstreet Capital Limited Partnership increased its holdings in shares of Cintas by 8,140.0% during the first quarter. Arrowstreet Capital Limited Partnership now owns 173,039 shares of the business services provider's stock valued at $73,609,000 after purchasing an additional 170,939 shares during the period. Finally, Invesco Ltd. increased its holdings in shares of Cintas by 17.4% during the third quarter. Invesco Ltd. now owns 1,025,615 shares of the business services provider's stock valued at $493,331,000 after purchasing an additional 151,783 shares during the period. 63.46% of the stock is owned by institutional investors and hedge funds.
Cintas Stock Up 0.6 %
NASDAQ:CTAS traded up $3.73 on Monday, hitting $677.42. 361,475 shares of the company's stock traded hands, compared to its average volume of 346,694. The company has a market cap of $68.67 billion, a PE ratio of 46.78, a price-to-earnings-growth ratio of 3.94 and a beta of 1.27. The firm has a 50-day moving average price of $633.62 and a 200-day moving average price of $577.25. Cintas Co. has a 1 year low of $438.59 and a 1 year high of $704.84. The company has a current ratio of 2.38, a quick ratio of 2.03 and a debt-to-equity ratio of 0.58.
Cintas (NASDAQ:CTAS - Get Free Report) last announced its quarterly earnings results on Wednesday, March 27th. The business services provider reported $3.84 EPS for the quarter, beating the consensus estimate of $3.58 by $0.26. The business had revenue of $2.41 billion during the quarter, compared to analysts' expectations of $2.39 billion. Cintas had a return on equity of 37.19% and a net margin of 15.98%. The firm's quarterly revenue was up 9.9% compared to the same quarter last year. During the same quarter in the previous year, the business posted $3.14 EPS. Equities analysts anticipate that Cintas Co. will post 14.96 EPS for the current fiscal year.
Cintas Dividend Announcement
The company also recently declared a quarterly dividend, which was paid on Friday, March 15th. Investors of record on Thursday, February 15th were paid a $1.35 dividend. The ex-dividend date was Wednesday, February 14th. This represents a $5.40 annualized dividend and a dividend yield of 0.80%. Cintas's payout ratio is 37.29%.
Analyst Ratings Changes
A number of research analysts recently issued reports on the company. Deutsche Bank Aktiengesellschaft lifted their target price on Cintas from $629.00 to $726.00 and gave the stock a "hold" rating in a report on Thursday, March 28th. Royal Bank of Canada lifted their target price on Cintas from $675.00 to $725.00 and gave the stock an "outperform" rating in a report on Thursday, March 28th. Stifel Nicolaus lifted their target price on Cintas from $526.00 to $585.00 and gave the stock a "hold" rating in a report on Friday, December 22nd. The Goldman Sachs Group lifted their target price on Cintas from $673.00 to $765.00 and gave the stock a "buy" rating in a report on Thursday, March 28th. Finally, StockNews.com raised Cintas from a "hold" rating to a "buy" rating in a research note on Monday, March 25th. Six equities research analysts have rated the stock with a hold rating and nine have issued a buy rating to the company's stock. Based on data from MarketBeat.com, the company presently has an average rating of "Moderate Buy" and a consensus price target of $661.21.
Check Out Our Latest Report on Cintas
Cintas Company Profile
(
Free Report)
Cintas Corporation provides 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.
Featured Articles
Before you consider Cintas, you'll want to hear this.
MarketBeat keeps track of Wall Street's top-rated and best performing research analysts and the stocks they recommend to their clients on a daily basis. MarketBeat has identified the five stocks that top analysts are quietly whispering to their clients to buy now before the broader market catches on... and Cintas wasn't on the list.
While Cintas currently has a "Moderate Buy" rating among analysts, top-rated analysts believe these five stocks are better buys.
View The Five Stocks Here
Looking to avoid the hassle of mudslinging, volatility, and uncertainty? You'd need to be out of the market, which isn’t viable. So where should investors put their money? Find out with this report.
Get This Free Report
