Quantinno Capital Management LP Has $13.82 Million Holdings in Cintas Co. (NASDAQ:CTAS)

Quantinno Capital Management LP increased its stake in Cintas Co. (NASDAQ:CTAS - Free Report) by 13.7% during the fourth quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The institutional investor owned 75,629 shares of the business services provider's stock after purchasing an additional 9,104 shares during the quarter. Quantinno Capital Management LP's holdings in Cintas were worth $13,817,000 as of its most recent filing with the Securities and Exchange Commission.

Other institutional investors have also recently bought and sold shares of the company. Ameriprise Financial Inc. increased its stake in Cintas by 26.7% in the 4th quarter. Ameriprise Financial Inc. now owns 2,228,609 shares of the business services provider's stock worth $407,163,000 after purchasing an additional 468,950 shares in the last quarter. China Universal Asset Management Co. Ltd. increased its stake in Cintas by 28.4% in the 4th quarter. China Universal Asset Management Co. Ltd. now owns 6,563 shares of the business services provider's stock worth $1,199,000 after purchasing an additional 1,450 shares in the last quarter. KMG Fiduciary Partners LLC increased its stake in Cintas by 121.8% in the 4th quarter. KMG Fiduciary Partners LLC now owns 11,545 shares of the business services provider's stock worth $2,109,000 after purchasing an additional 6,341 shares in the last quarter. JPMorgan Chase & Co. grew its stake in Cintas by 137.5% during 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 acquiring an additional 1,286,668 shares in the last quarter. Finally, Annex Advisory Services LLC grew its stake in Cintas by 1.6% during the 4th quarter. Annex Advisory Services LLC now owns 127,441 shares of the business services provider's stock valued at $23,283,000 after acquiring an additional 1,988 shares in the last quarter. Hedge funds and other institutional investors own 63.46% of the company's stock.

Insider Buying and Selling

In related news, COO Jim Rozakis sold 2,000 shares of the business's stock in a transaction that occurred 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 sale, 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 transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through this link. Also, Director Ronald W. Tysoe sold 8,521 shares of the business's stock in a transaction that occurred 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 completion of the sale, the director now owns 27,029 shares of the company's stock, valued at approximately $5,647,979.84. This trade represents a 23.97% decrease in their ownership of the stock. The disclosure for this sale can be found here. Corporate insiders own 15.00% of the company's stock.

Cintas Stock Up 1.1%

Shares of Cintas stock traded up $2.36 during trading on Friday, hitting $220.85. 1,430,885 shares of the stock traded hands, compared to its average volume of 1,707,584. The stock has a market cap of $89.18 billion, a P/E ratio of 53.25, a PEG ratio of 3.98 and a beta of 1.09. The company has a debt-to-equity ratio of 0.47, a quick ratio of 1.38 and a current ratio of 1.58. Cintas Co. has a twelve month low of $164.93 and a twelve month high of $228.12. The company has a fifty day moving average price of $204.52 and a two-hundred day moving average price of $204.71.

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 (EPS) for the quarter, beating the consensus estimate of $1.05 by $0.08. The business had revenue of $2.61 billion during the quarter, compared to analyst estimates of $2.60 billion. Cintas had a return on equity of 40.62% and a net margin of 17.23%. The firm's revenue was up 8.4% on a year-over-year basis. During the same period in the previous year, the company earned $3.84 EPS. Equities research analysts predict 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. Investors of record on Thursday, May 15th will be issued a $0.39 dividend. The ex-dividend date of this dividend is Thursday, May 15th. This represents a $1.56 annualized dividend and a yield of 0.71%. Cintas's dividend payout ratio (DPR) is currently 36.11%.

Wall Street Analyst Weigh In

CTAS has been the topic of several research analyst reports. Argus raised Cintas to a "strong-buy" rating in a research note on Wednesday, April 16th. UBS Group lifted their target price on Cintas from $218.00 to $240.00 and gave the company a "buy" rating in a research note on Thursday, March 27th. Royal Bank of Canada reaffirmed a "sector perform" rating and set a $215.00 target price on shares of Cintas in a research note on Thursday, March 27th. Wells Fargo & Company lifted their target price on Cintas from $184.00 to $196.00 and gave the company an "underweight" rating in a research note on Thursday, March 27th. Finally, Redburn Atlantic cut Cintas from a "neutral" rating to a "sell" rating and set a $171.00 target price on the stock. in a research note on Thursday, May 1st. Three analysts have rated the stock with a sell rating, six have assigned a hold rating, six have given a buy rating and one has assigned a strong buy rating to the company. According to MarketBeat, the company presently has an average rating of "Hold" and a consensus target price of $213.88.

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.