3,800 Shares in Cintas Co. (NASDAQ:CTAS) Bought by Texas Bank & Trust Co

Texas Bank & Trust Co bought a new stake in Cintas Co. (NASDAQ:CTAS) in the fourth quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The fund bought 3,800 shares of the business services provider’s stock, valued at approximately $694,000.

Other hedge funds and other institutional investors have also added to or reduced their stakes in the company. Barclays PLC grew its position in Cintas by 340.1% in the 3rd quarter. Barclays PLC now owns 1,089,535 shares of the business services provider’s stock worth $224,312,000 after purchasing an additional 841,952 shares during the last quarter. JPMorgan Chase & Co. raised its holdings in shares of Cintas by 137.5% in the 3rd quarter. JPMorgan Chase & Co. now owns 2,222,527 shares of the business services provider’s stock worth $457,574,000 after purchasing an additional 1,286,668 shares in the last quarter. Brookstone Capital Management increased its holdings in shares of Cintas by 18.2% in the fourth quarter. Brookstone Capital Management now owns 1,278 shares of the business services provider’s stock valued at $233,000 after buying an additional 197 shares in the last quarter. Wealthcare Advisory Partners LLC lifted its holdings in shares of Cintas by 12.7% during the fourth quarter. Wealthcare Advisory Partners LLC now owns 7,445 shares of the business services provider’s stock valued at $1,360,000 after purchasing an additional 838 shares during the last quarter. Finally, Merit Financial Group LLC lifted its stake in Cintas by 199.7% during the fourth quarter. Merit Financial Group LLC now owns 9,718 shares of the business services provider’s stock valued at $1,775,000 after buying an additional 6,475 shares in the last quarter. Institutional investors and hedge funds own 63.46% of the company’s stock.

Cintas Trading Up 1.1%

Shares of CTAS stock opened at $220.85 on Friday. Cintas Co. has a 12 month low of $164.93 and a 12 month high of $228.12. The company has a market cap of $89.18 billion, a PE ratio of 53.25, a price-to-earnings-growth ratio of 3.98 and a beta of 1.09. The company has a quick ratio of 1.38, a current ratio of 1.58 and a debt-to-equity ratio of 0.47. The business’s 50 day moving average is $204.52 and its two-hundred day moving average is $204.71.

Cintas (NASDAQ:CTAS) last posted its earnings results on Wednesday, March 26th. The business services provider reported $1.13 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $1.05 by $0.08. The business had revenue of $2.61 billion for the quarter, compared to analyst estimates of $2.60 billion. Cintas had a net margin of 17.23% and a return on equity of 40.62%. Cintas’s revenue was up 8.4% compared to the same quarter last year. During the same period last year, the business posted $3.84 EPS. Equities analysts predict that Cintas Co. will post 4.31 EPS for the current year.

Cintas Dividend Announcement

The firm also recently disclosed a quarterly dividend, which will be paid on Friday, June 13th. Investors of record on Thursday, May 15th will be given a dividend of $0.39 per share. The ex-dividend date is Thursday, May 15th. This represents a $1.56 annualized dividend and a dividend yield of 0.71%. Cintas’s dividend payout ratio is presently 36.11%.

Wall Street Analysts Forecast Growth

A number of equities research analysts have commented on CTAS shares. The Goldman Sachs Group raised their price objective on Cintas from $211.00 to $233.00 and gave the stock a “buy” rating in a research report on Thursday, March 27th. Citigroup began coverage on Cintas in a report on Monday, February 24th. They set a “sell” rating and a $161.00 price objective for the company. Wells Fargo & Company boosted 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. Royal Bank of Canada reaffirmed a “sector perform” rating and set a $215.00 price target on shares of Cintas in a research note on Thursday, March 27th. Finally, Morgan Stanley lifted their price target on Cintas from $195.00 to $213.00 and gave the company an “equal weight” rating in a report on Thursday, March 27th. Three analysts have rated the stock with a sell rating, six have assigned a hold rating, six have assigned a buy rating and one has given a strong buy rating to the company’s stock. According to data from MarketBeat, Cintas has an average rating of “Hold” and an average price target of $213.88.

Insider Buying and Selling

In other news, COO Jim Rozakis sold 2,000 shares of the firm’s stock in a transaction on Monday, April 7th. The shares were sold at an average price of $190.37, for a total value of $380,740.00. Following the sale, the chief operating officer now owns 256,528 shares in the company, valued at approximately $48,835,235.36. This trade represents a 0.77% decrease in their ownership of the stock. The sale was disclosed in a legal filing with the SEC, which is accessible through this hyperlink. Also, Director Ronald W. Tysoe sold 8,521 shares of the business’s stock in a transaction on Monday, April 14th. The stock was sold at an average price of $208.96, for a total transaction of $1,780,548.16. Following the transaction, the director now directly owns 27,029 shares in the company, valued at $5,647,979.84. This trade represents a 23.97% decrease in their position. The disclosure for this sale can be found here. 15.00% of the stock is owned by insiders.

Cintas 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.