Fenimore Asset Management Inc Purchases 1,192 Shares of Cintas Co. (NASDAQ:CTAS)

Fenimore Asset Management Inc increased its holdings in shares of Cintas Co. (NASDAQ:CTAS) by 0.4% during the 1st quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 277,263 shares of the business services provider’s stock after acquiring an additional 1,192 shares during the period. Fenimore Asset Management Inc’s holdings in Cintas were worth $56,986,000 at the end of the most recent reporting period.

Several other hedge funds have also bought and sold shares of the business. MJP Associates Inc. ADV raised its holdings in shares of Cintas by 2.1% during the fourth 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. MGB Wealth Management LLC increased its holdings in Cintas by 0.7% during the fourth quarter. MGB Wealth Management LLC now owns 7,248 shares of the business services provider’s stock valued at $1,328,000 after buying an additional 52 shares during the last quarter. TIAA Trust National Association increased its holdings in Cintas by 1.0% during the fourth quarter. TIAA Trust National Association now owns 5,380 shares of the business services provider’s stock valued at $983,000 after buying an additional 52 shares during the last quarter. Wellspring Financial Advisors LLC increased its holdings in Cintas by 4.6% during the fourth quarter. Wellspring Financial Advisors LLC now owns 1,171 shares of the business services provider’s stock valued at $214,000 after buying an additional 52 shares during the last quarter. Finally, Johnson Financial Group Inc. increased its holdings in Cintas by 7.7% during the fourth quarter. Johnson Financial Group Inc. now owns 728 shares of the business services provider’s stock valued at $146,000 after buying an additional 52 shares during the last quarter. Institutional investors own 63.46% of the company’s stock.

Wall Street Analysts Forecast Growth

A number of analysts have commented on the stock. Redburn Atlantic cut shares of Cintas from a “neutral” rating to a “sell” rating and set a $171.00 target price for the company. in a report on Thursday, May 1st. Morgan Stanley upped their target price on shares of Cintas from $195.00 to $213.00 and gave the company an “equal weight” rating in a report on Thursday, March 27th. Argus raised shares of Cintas to a “strong-buy” rating in a report on Wednesday, April 16th. Citigroup began coverage on shares of Cintas in a report on Monday, February 24th. They set a “sell” rating and a $161.00 target price for the company. Finally, Royal Bank of Canada reiterated a “sector perform” rating and issued a $215.00 price target on shares of Cintas in a research report on Thursday, March 27th. Three analysts have rated the stock with a sell rating, six have given a hold rating, six have given a buy rating and one has issued a strong buy rating to the company’s stock. According to MarketBeat, the company currently has a consensus rating of “Hold” and a consensus target price of $213.88.

Cintas Price Performance

CTAS stock opened at $227.66 on Monday. Cintas Co. has a 52 week low of $169.46 and a 52 week high of $229.24. 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 company has a fifty day simple moving average of $212.71 and a two-hundred day simple moving average of $205.46. The firm has a market capitalization of $91.93 billion, a P/E ratio of 54.89, a price-to-earnings-growth ratio of 3.98 and a beta of 1.07.

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

Cintas Announces Dividend

The company also recently announced a quarterly dividend, which will be paid on Friday, June 13th. Stockholders of record on Thursday, May 15th will be issued a $0.39 dividend. The ex-dividend date is Thursday, May 15th. This represents a $1.56 annualized dividend and a dividend yield of 0.69%. Cintas’s dividend payout ratio (DPR) is presently 36.11%.

Insider Buying and Selling

In other Cintas news, Director Ronald W. Tysoe sold 8,521 shares of the 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 sale, the director now owns 27,029 shares of the company’s stock, valued at approximately $5,647,979.84. This trade represents a 23.97% decrease in their position. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. Also, COO Jim Rozakis sold 2,000 shares of the 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 directly owns 256,528 shares in the company, valued at $48,835,235.36. This trade represents a 0.77% decrease in their position. The disclosure for this sale can be found here. 15.00% of the stock is currently owned by insiders.

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.