Raiffeisen Bank International AG Buys New Shares in Cintas Co. (NASDAQ:CTAS)

Raiffeisen Bank International AG acquired a new stake in Cintas Co. (NASDAQ:CTAS - Free Report) in the fourth quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm acquired 22,793 shares of the business services provider's stock, valued at approximately $4,187,000.

A number of other hedge funds have also recently added to or reduced their stakes in the company. ProShare Advisors LLC lifted its position in Cintas by 3.5% in the fourth quarter. ProShare Advisors LLC now owns 1,405,927 shares of the business services provider's stock valued at $256,863,000 after purchasing an additional 46,996 shares during the period. Quantinno Capital Management LP lifted its position in Cintas by 13.7% in the fourth quarter. Quantinno Capital Management LP now owns 75,629 shares of the business services provider's stock valued at $13,817,000 after purchasing an additional 9,104 shares during the period. Mufg Securities Americas Inc. acquired a new stake in Cintas in the fourth quarter valued at about $925,000. Man Group plc lifted its position in Cintas by 18.3% in the fourth quarter. Man Group plc now owns 292,606 shares of the business services provider's stock valued at $53,459,000 after purchasing an additional 45,189 shares during the period. Finally, Nomura Holdings Inc. increased its holdings in shares of Cintas by 52.2% in the 4th quarter. Nomura Holdings Inc. now owns 42,508 shares of the business services provider's stock valued at $7,766,000 after purchasing an additional 14,586 shares in the last quarter. Institutional investors and hedge funds own 63.46% of the company's stock.

Insider Transactions at Cintas

In related news, Director Ronald W. Tysoe sold 8,521 shares of the business's stock in a transaction that occurred on Monday, April 14th. The shares were 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 directly owns 27,029 shares in the company, valued at approximately $5,647,979.84. The trade was a 23.97% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, COO Jim Rozakis sold 2,000 shares of the business's stock in a transaction that occurred on 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 sale, the chief operating officer now owns 256,528 shares of the company's stock, valued at approximately $48,835,235.36. The trade was a 0.77% decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders own 15.00% of the company's stock.

Wall Street Analysts Forecast Growth

CTAS has been the subject of a number of research analyst reports. Robert W. Baird increased their price target on shares of Cintas from $200.00 to $227.00 and gave the company a "neutral" rating in a report on Thursday, March 27th. UBS Group increased their price target on shares of Cintas from $218.00 to $240.00 and gave the company a "buy" rating in a report on Thursday, March 27th. Wells Fargo & Company increased their price target on shares of Cintas from $184.00 to $196.00 and gave the company an "underweight" rating in a report on Thursday, March 27th. Redburn Atlantic downgraded shares of Cintas from a "neutral" rating to a "sell" rating and set a $171.00 price target for the company. in a report on Thursday, May 1st. Finally, Royal Bank of Canada reiterated a "sector perform" rating and issued a $215.00 price target on shares of Cintas in a report on Thursday, March 27th. Three equities research analysts have rated the stock with a sell rating, six have given a hold rating, six have assigned a buy rating and one has issued a strong buy rating to the stock. According to data from MarketBeat, the stock currently has a consensus rating of "Hold" and an average target price of $213.88.

Cintas Price Performance

NASDAQ:CTAS traded up $2.18 during mid-day trading on Monday, hitting $223.03. 1,137,063 shares of the company's stock traded hands, compared to its average volume of 1,705,302. The company has a market cap of $90.06 billion, a PE ratio of 53.77, a price-to-earnings-growth ratio of 3.98 and a beta of 1.09. Cintas Co. has a 1 year low of $164.93 and a 1 year high of $228.12. The company has a debt-to-equity ratio of 0.47, a quick ratio of 1.38 and a current ratio of 1.58. The firm's 50 day simple moving average is $204.52 and its 200 day simple moving average is $204.70.

Cintas (NASDAQ:CTAS - Get Free Report) last issued its quarterly earnings results on Wednesday, March 26th. The business services provider reported $1.13 EPS for the quarter, topping analysts' consensus estimates of $1.05 by $0.08. The business 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 quarterly revenue was up 8.4% compared to the same quarter last year. During the same period in the previous year, the firm posted $3.84 earnings per share. Sell-side analysts expect that Cintas Co. will post 4.31 EPS 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 issued a dividend of $0.39 per share. The ex-dividend date of this dividend is Thursday, May 15th. This represents a $1.56 dividend on an annualized basis and a dividend yield of 0.70%. 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.