Aviva PLC Grows Holdings in Cintas Co. (CTAS)

Aviva PLC boosted its holdings in shares of Cintas Co. (NASDAQ:CTAS) by 52.8% during the 3rd quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The fund owned 66,855 shares of the business services provider’s stock after buying an additional 23,091 shares during the period. Aviva PLC owned approximately 0.06% of Cintas worth $13,225,000 as of its most recent SEC filing.

A number of other institutional investors and hedge funds have also added to or reduced their stakes in the business. Fort L.P. bought a new stake in shares of Cintas in the 2nd quarter worth $118,000. Polaris Greystone Financial Group LLC bought a new stake in shares of Cintas in the 3rd quarter worth $154,000. Harvest Fund Management Co. Ltd bought a new stake in shares of Cintas in the 3rd quarter worth $184,000. Piedmont Investment Advisors LLC bought a new stake in shares of Cintas in the 2nd quarter worth $181,000. Finally, Ropes Wealth Advisors LLC bought a new stake in shares of Cintas in the 2nd quarter worth $185,000. Hedge funds and other institutional investors own 65.94% of the company’s stock.

CTAS opened at $187.38 on Friday. The stock has a market cap of $20.10 billion, a P/E ratio of 31.55, a P/E/G ratio of 2.16 and a beta of 1.03. The company has a debt-to-equity ratio of 0.76, a current ratio of 3.10 and a quick ratio of 2.65. Cintas Co. has a fifty-two week low of $147.38 and a fifty-two week high of $217.34.

Cintas (NASDAQ:CTAS) last posted its quarterly earnings results on Tuesday, September 25th. The business services provider reported $1.93 earnings per share for the quarter, beating the Thomson Reuters’ consensus estimate of $1.80 by $0.13. The company had revenue of $1.70 billion during the quarter, compared to analyst estimates of $1.68 billion. Cintas had a net margin of 12.72% and a return on equity of 24.13%. The firm’s revenue for the quarter was up 5.4% on a year-over-year basis. During the same quarter in the prior year, the business earned $1.45 earnings per share. Analysts predict that Cintas Co. will post 7.24 earnings per share for the current year.

The firm also recently announced an annual dividend, which will be paid on Friday, December 7th. Shareholders of record on Friday, November 9th will be given a dividend of $2.05 per share. This represents a yield of 1.13%. The ex-dividend date of this dividend is Thursday, November 8th. This is a positive change from Cintas’s previous annual dividend of $1.62. Cintas’s dividend payout ratio (DPR) is currently 34.51%.

Several analysts have recently issued reports on the stock. Morgan Stanley upped their target price on shares of Cintas from $178.00 to $183.00 and gave the stock a “sell” rating in a research note on Wednesday, September 26th. Barclays increased their price target on shares of Cintas from $210.00 to $235.00 and gave the company an “overweight” rating in a research report on Wednesday, September 26th. Robert W. Baird set a $235.00 price target on shares of Cintas and gave the company a “buy” rating in a research report on Wednesday, September 26th. Zacks Investment Research lowered shares of Cintas from a “hold” rating to a “sell” rating in a research report on Monday, September 24th. Finally, Credit Suisse Group began coverage on shares of Cintas in a research report on Friday, August 10th. They set a “neutral” rating and a $205.00 price target for the company. One analyst has rated the stock with a sell rating, six have issued a hold rating, seven have assigned a buy rating and two have given a strong buy rating to the company. The company presently has an average rating of “Buy” and an average price target of $202.17.

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Cintas Profile

Cintas Corporation provides corporate identity uniforms and related business services primarily in North America, Latin America, Europe, and Asia. It operates through Uniform Rental and Facility Services and First Aid and Safety Services 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, and carpet and tile cleaning services, as well as sells uniforms directly.

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Institutional Ownership by Quarter for Cintas (NASDAQ:CTAS)

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