Capital Asset Advisory Services LLC Acquires 3,284 Shares of Cintas Co. (NASDAQ:CTAS)

Capital Asset Advisory Services LLC grew its holdings in Cintas Co. (NASDAQ:CTAS) by 29.3% during the 1st quarter, according to the company in its most recent filing with the SEC. The fund owned 14,510 shares of the business services provider’s stock after purchasing an additional 3,284 shares during the period. Capital Asset Advisory Services LLC’s holdings in Cintas were worth $3,028,000 as of its most recent SEC filing.

Several other hedge funds and other institutional investors also recently modified their holdings of the business. MJP Associates Inc. ADV increased its stake in shares of Cintas by 2.1% in the 4th quarter. MJP Associates Inc. ADV now owns 2,412 shares of the business services provider’s stock valued at $441,000 after purchasing an additional 50 shares during the last quarter. Guardian Wealth Advisors LLC increased its stake in shares of Cintas by 3.1% in the 4th quarter. Guardian Wealth Advisors LLC now owns 1,741 shares of the business services provider’s stock valued at $318,000 after purchasing an additional 52 shares during the last quarter. MGB Wealth Management LLC increased its stake in shares of Cintas by 0.7% in the 4th quarter. MGB Wealth Management LLC now owns 7,248 shares of the business services provider’s stock valued at $1,328,000 after purchasing an additional 52 shares during the last quarter. TIAA Trust National Association boosted its holdings in shares of Cintas by 1.0% during the 4th quarter. TIAA Trust National Association now owns 5,380 shares of the business services provider’s stock valued at $983,000 after acquiring an additional 52 shares in the last quarter. Finally, Wellspring Financial Advisors LLC boosted its holdings in shares of Cintas by 4.6% during the 4th quarter. Wellspring Financial Advisors LLC now owns 1,171 shares of the business services provider’s stock valued at $214,000 after acquiring an additional 52 shares in the last quarter. Institutional investors own 63.46% of the company’s stock.

Insider Activity

In related news, COO Jim Rozakis sold 2,000 shares of the business’s stock in a transaction dated 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 of the company’s stock, valued at $48,835,235.36. The trade was a 0.77% decrease in their position. The sale was disclosed in a filing with the SEC, which is available at the SEC website. Also, Director Ronald W. Tysoe sold 8,521 shares of the business’s stock in a transaction dated 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 of the company’s stock, valued at $5,647,979.84. The trade was a 23.97% decrease in their ownership of the stock. The disclosure for this sale can be found here. 15.00% of the stock is owned by company insiders.

Analyst Upgrades and Downgrades

CTAS has been the topic of several recent research reports. The Goldman Sachs Group raised their price objective on Cintas from $211.00 to $233.00 and gave the company a “buy” rating in a report on Thursday, March 27th. Citigroup initiated coverage on Cintas in a report on Monday, February 24th. They set a “sell” rating and a $161.00 price objective on the stock. Robert W. Baird raised their price objective on Cintas from $200.00 to $227.00 and gave the company a “neutral” rating in a report on Thursday, March 27th. Argus raised Cintas to a “strong-buy” rating in a report on Wednesday, April 16th. Finally, Royal Bank of Canada reissued a “sector perform” rating and set a $215.00 price objective 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 issued a hold rating, six have assigned a buy rating and one has given a strong buy rating to the stock. Based on data from MarketBeat.com, Cintas presently has an average rating of “Hold” and an average price target of $213.88.

Cintas Stock Up 0.1%

Shares of CTAS opened at $226.69 on Tuesday. The company has a market capitalization of $91.53 billion, a PE ratio of 54.66, a PEG ratio of 3.98 and a beta of 1.09. Cintas Co. has a 12 month low of $167.71 and a 12 month high of $228.12. The stock’s 50-day moving average price is $210.98 and its two-hundred day moving average price is $205.21. The company has a current ratio of 1.58, a quick ratio of 1.38 and a debt-to-equity ratio of 0.47.

Cintas (NASDAQ:CTAS) last announced its quarterly earnings data 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 company had revenue of $2.61 billion for the quarter, compared to the consensus estimate 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% compared to the same quarter last year. During the same period in the previous year, the business earned $3.84 EPS. On average, analysts anticipate that Cintas Co. will post 4.31 EPS for the current year.

Cintas Announces Dividend

The firm also recently disclosed a quarterly dividend, which will be paid on Friday, June 13th. Stockholders of record on Thursday, May 15th will be paid a $0.39 dividend. This represents a $1.56 dividend on an annualized basis and a dividend yield of 0.69%. The ex-dividend date of this dividend is Thursday, May 15th. Cintas’s dividend payout ratio is 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.