RIA Advisory Group LLC Purchases Shares of 750 Cintas Co. (NASDAQ:CTAS)

RIA Advisory Group LLC purchased a new stake in Cintas Co. (NASDAQ:CTAS) in the fourth quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor purchased 750 shares of the business services provider’s stock, valued at approximately $452,000.

A number of other hedge funds have also recently bought and sold shares of CTAS. Columbus Macro LLC lifted its holdings in shares of Cintas by 1.2% during the 4th quarter. Columbus Macro LLC now owns 1,453 shares of the business services provider’s stock worth $871,000 after acquiring an additional 17 shares during the period. Quent Capital LLC increased its position in Cintas by 22.8% in the 4th quarter. Quent Capital LLC now owns 97 shares of the business services provider’s stock valued at $59,000 after acquiring an additional 18 shares in the last quarter. Greenleaf Trust increased its position in Cintas by 1.0% in the 3rd quarter. Greenleaf Trust now owns 1,899 shares of the business services provider’s stock valued at $913,000 after acquiring an additional 19 shares in the last quarter. Catalyst Capital Advisors LLC increased its position in Cintas by 33.9% in the 3rd quarter. Catalyst Capital Advisors LLC now owns 75 shares of the business services provider’s stock valued at $36,000 after acquiring an additional 19 shares in the last quarter. Finally, KMG Fiduciary Partners LLC increased its position in Cintas by 1.6% in the 3rd quarter. KMG Fiduciary Partners LLC now owns 1,338 shares of the business services provider’s stock valued at $644,000 after acquiring an additional 21 shares in the last quarter. 63.46% of the stock is owned by institutional investors.

Wall Street Analyst Weigh In

Several equities research analysts have recently commented on CTAS shares. Royal Bank of Canada lifted their price target on shares of Cintas from $675.00 to $725.00 and gave the stock an “outperform” rating in a research report on Thursday, March 28th. JPMorgan Chase & Co. lifted their price target on shares of Cintas from $540.00 to $640.00 and gave the stock an “overweight” rating in a research report on Friday, December 22nd. UBS Group lifted their price target on shares of Cintas from $680.00 to $790.00 and gave the stock a “buy” rating in a research report on Thursday, March 28th. Bank of America lifted their price target on shares of Cintas from $700.00 to $790.00 and gave the stock a “buy” rating in a research report on Thursday, March 28th. Finally, StockNews.com upgraded shares of Cintas from a “hold” rating to a “buy” rating in a report on Monday, March 25th. Six investment analysts have rated the stock with a hold rating and nine have issued a buy rating to the company. According to data from MarketBeat, Cintas presently has a consensus rating of “Moderate Buy” and an average price target of $661.21.

Cintas Stock Down 0.2 %

Shares of CTAS stock traded down $1.15 during trading on Friday, reaching $661.29. The company’s stock had a trading volume of 387,628 shares, compared to its average volume of 343,567. The business has a fifty day moving average price of $642.18 and a 200-day moving average price of $586.01. The company has a quick ratio of 2.03, a current ratio of 2.38 and a debt-to-equity ratio of 0.58. The company has a market cap of $67.04 billion, a price-to-earnings ratio of 45.63, a price-to-earnings-growth ratio of 3.91 and a beta of 1.27. Cintas Co. has a one year low of $438.59 and a one year high of $704.84.

Cintas (NASDAQ:CTAS) last announced its quarterly earnings data on Wednesday, March 27th. The business services provider reported $3.84 EPS for the quarter, topping analysts’ consensus estimates of $3.58 by $0.26. The business had revenue of $2.41 billion for the quarter, compared to analyst estimates of $2.39 billion. Cintas had a net margin of 15.98% and a return on equity of 37.19%. The firm’s revenue for the quarter was up 9.9% on a year-over-year basis. During the same quarter in the previous year, the firm posted $3.14 earnings per share. Analysts anticipate that Cintas Co. will post 14.96 earnings per share for the current year.

Cintas Dividend Announcement

The company also recently announced a quarterly dividend, which will be paid on Friday, June 14th. Investors of record on Wednesday, May 15th will be issued a dividend of $1.35 per share. The ex-dividend date of this dividend is Tuesday, May 14th. This represents a $5.40 dividend on an annualized basis and a yield of 0.82%. Cintas’s payout ratio is 37.29%.

About Cintas

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.