Capital Asset Advisory Services LLC Has $3.96 Million Stake in Cintas Corporation $CTAS

Capital Asset Advisory Services LLC raised its holdings in Cintas Corporation (NASDAQ:CTAS) by 17.6% in the 1st quarter, according to the company in its most recent 13F filing with the SEC. The fund owned 22,147 shares of the business services provider’s stock after purchasing an additional 3,315 shares during the quarter. Capital Asset Advisory Services LLC’s holdings in Cintas were worth $3,957,000 as of its most recent SEC filing.

Several other large investors also recently made changes to their positions in the business. Brighton Jones LLC increased its position in Cintas by 9.3% in the 4th quarter. Brighton Jones LLC now owns 1,268 shares of the business services provider’s stock valued at $232,000 after acquiring an additional 108 shares in the last quarter. Sivia Capital Partners LLC raised its stake in shares of Cintas by 42.3% in the second quarter. Sivia Capital Partners LLC now owns 1,441 shares of the business services provider’s stock worth $321,000 after acquiring an additional 428 shares during the last quarter. Gamco Investors INC. ET AL acquired a new position in shares of Cintas during the second quarter worth approximately $625,000. Treasurer of the State of North Carolina lifted its position in shares of Cintas by 20.3% during the second quarter. Treasurer of the State of North Carolina now owns 212,192 shares of the business services provider’s stock worth $47,291,000 after purchasing an additional 35,781 shares in the last quarter. Finally, Ieq Capital LLC grew its stake in shares of Cintas by 50.2% during the second quarter. Ieq Capital LLC now owns 92,924 shares of the business services provider’s stock valued at $20,710,000 after purchasing an additional 31,068 shares during the last quarter. Institutional investors own 63.46% of the company’s stock.

Cintas Trading Up 2.4%

CTAS opened at $174.23 on Thursday. The company has a debt-to-equity ratio of 0.51, a current ratio of 1.98 and a quick ratio of 1.74. The company has a market cap of $69.71 billion, a price-to-earnings ratio of 49.22, a price-to-earnings-growth ratio of 2.71 and a beta of 0.94. The firm has a 50 day simple moving average of $172.51 and a 200 day simple moving average of $183.05. Cintas Corporation has a fifty-two week low of $161.16 and a fifty-two week high of $226.75.

Cintas Dividend Announcement

The firm also recently announced a quarterly dividend, which was paid on Monday, June 15th. Shareholders of record on Friday, May 15th were issued a dividend of $0.45 per share. This represents a $1.80 dividend on an annualized basis and a yield of 1.0%. The ex-dividend date of this dividend was Friday, May 15th. Cintas’s payout ratio is currently 50.85%.

Insider Activity at Cintas

In other Cintas news, Director Ronald W. Tysoe sold 4,666 shares of the company’s stock in a transaction on Monday, April 20th. The shares were sold at an average price of $178.87, for a total transaction of $834,607.42. Following the completion of the sale, the director owned 22,448 shares in the company, valued at approximately $4,015,273.76. The trade was a 17.21% decrease in their position. The sale was disclosed in a legal filing with the SEC, which is accessible through this hyperlink. Insiders own 14.90% of the company’s stock.

Analyst Ratings Changes

A number of analysts recently weighed in on the stock. Bank of America lowered their price target on shares of Cintas from $215.00 to $200.00 and set a “neutral” rating for the company in a report on Monday. Weiss Ratings lowered Cintas from a “hold (c+)” rating to a “hold (c)” rating in a research report on Wednesday, June 17th. UBS Group reissued a “buy” rating on shares of Cintas in a research note on Thursday, March 12th. Robert W. Baird upgraded Cintas from a “neutral” rating to an “outperform” rating and set a $250.00 target price for the company in a research report on Wednesday, March 11th. Finally, Stifel Nicolaus cut their price target on Cintas from $222.00 to $190.00 and set a “hold” rating on the stock in a research note on Thursday, March 26th. One analyst has rated the stock with a Strong Buy rating, five have assigned a Buy rating, seven have given a Hold rating and one has issued a Sell rating to the company. Based on data from MarketBeat.com, Cintas has a consensus rating of “Hold” and a consensus target price of $211.25.

About Cintas

Cintas Corporation (NASDAQ: CTAS) is a provider of business services and products focused on workplace appearance, safety and facility maintenance. The company is best known for its uniform rental and corporate apparel programs, which include rental, leasing and direct-purchase options, laundering and garment repair. Cintas markets its services to a wide range of end-users, including manufacturing, food service, healthcare, hospitality, retail and government customers.

Beyond uniforms, Cintas offers a suite of facility services and products designed to help organizations maintain clean, safe and compliant workplaces.