Cintas Corporation $CTAS Shares Acquired by Mn Services Vermogensbeheer B.V.

Mn Services Vermogensbeheer B.V. increased its stake in shares of Cintas Corporation (NASDAQ:CTAS) by 2.6% in the 4th quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund owned 140,929 shares of the business services provider’s stock after purchasing an additional 3,529 shares during the period. Mn Services Vermogensbeheer B.V.’s holdings in Cintas were worth $26,505,000 as of its most recent SEC filing.

A number of other institutional investors and hedge funds have also recently bought and sold shares of the stock. Triumph Capital Management acquired a new stake in Cintas during the 3rd quarter valued at $29,000. Alpine Bank Wealth Management raised its holdings in shares of Cintas by 1,092.9% in the third quarter. Alpine Bank Wealth Management now owns 167 shares of the business services provider’s stock worth $34,000 after acquiring an additional 153 shares during the last quarter. Aventura Private Wealth LLC acquired a new position in shares of Cintas in the fourth quarter worth $34,000. WPG Advisers LLC lifted its position in shares of Cintas by 90.0% in the third quarter. WPG Advisers LLC now owns 171 shares of the business services provider’s stock valued at $35,000 after acquiring an additional 81 shares in the last quarter. Finally, Central Pacific Bank Trust Division lifted its position in shares of Cintas by 61.5% in the fourth quarter. Central Pacific Bank Trust Division now owns 189 shares of the business services provider’s stock valued at $36,000 after acquiring an additional 72 shares in the last quarter. Hedge funds and other institutional investors own 63.46% of the company’s stock.

Cintas Price Performance

CTAS stock opened at $169.14 on Wednesday. The stock has a market capitalization of $67.64 billion, a price-to-earnings ratio of 47.78, a price-to-earnings-growth ratio of 3.02 and a beta of 0.95. The company has a quick ratio of 1.74, a current ratio of 1.98 and a debt-to-equity ratio of 0.51. Cintas Corporation has a 52-week low of $165.60 and a 52-week high of $229.24. The stock’s fifty day simple moving average is $191.92 and its 200-day simple moving average is $190.93.

Cintas (NASDAQ:CTAS) last released its earnings results on Wednesday, March 25th. The business services provider reported $1.24 EPS for the quarter, meeting the consensus estimate of $1.24. Cintas had a return on equity of 41.47% and a net margin of 17.57%.The firm had revenue of $2.84 billion during the quarter, compared to analyst estimates of $2.82 billion. During the same period in the prior year, the firm posted $1.13 earnings per share. The business’s quarterly revenue was up 8.9% compared to the same quarter last year. Equities research analysts expect that Cintas Corporation will post 4.31 EPS for the current year.

Cintas Announces Dividend

The business also recently disclosed a quarterly dividend, which was paid on Friday, March 13th. Stockholders of record on Friday, February 13th were paid a dividend of $0.45 per share. The ex-dividend date of this dividend was Friday, February 13th. This represents a $1.80 dividend on an annualized basis and a dividend yield of 1.1%. Cintas’s dividend payout ratio is currently 50.85%.

Analyst Upgrades and Downgrades

CTAS has been the subject of a number of recent research reports. Weiss Ratings upgraded Cintas from a “hold (c+)” rating to a “buy (b-)” rating in a research report on Tuesday, March 17th. Royal Bank Of Canada restated a “sector perform” rating and issued a $206.00 target price on shares of Cintas in a report on Friday, December 19th. Bank of America assumed coverage on shares of Cintas in a research note on Tuesday, February 17th. They set a “neutral” rating and a $215.00 price target on the stock. UBS Group reiterated a “buy” rating on shares of Cintas in a report on Thursday, March 12th. Finally, Robert W. Baird raised shares of Cintas from a “neutral” rating to an “outperform” rating and set a $250.00 price objective for the company in a research report on Wednesday, March 11th. One analyst has rated the stock with a Strong Buy rating, six have given a Buy rating, six have issued a Hold rating and one has given a Sell rating to the company’s stock. According to data from MarketBeat.com, Cintas presently has a consensus rating of “Moderate Buy” and an average price target of $215.17.

Cintas Company Profile

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.