Cintas Co. (NASDAQ:CTAS) Shares Bought by Scalar Gauge Management LLC

Scalar Gauge Management LLC lifted its stake in shares of Cintas Co. (NASDAQ:CTAS) by 440.0% during the third quarter, Holdings Channel.com reports. The fund owned 27,000 shares of the business services provider’s stock after purchasing an additional 22,000 shares during the period. Cintas accounts for about 3.0% of Scalar Gauge Management LLC’s holdings, making the stock its 10th biggest holding. Scalar Gauge Management LLC’s holdings in Cintas were worth $5,559,000 at the end of the most recent reporting period.

Other institutional investors have also recently added to or reduced their stakes in the company. LGT Financial Advisors LLC boosted its position in shares of Cintas by 311.1% during the 2nd quarter. LGT Financial Advisors LLC now owns 37 shares of the business services provider’s stock valued at $26,000 after purchasing an additional 28 shares in the last quarter. Financial Management Professionals Inc. boosted its holdings in Cintas by 341.4% during the third quarter. Financial Management Professionals Inc. now owns 128 shares of the business services provider’s stock worth $26,000 after buying an additional 99 shares in the last quarter. Hollencrest Capital Management grew its position in Cintas by 433.3% in the third quarter. Hollencrest Capital Management now owns 128 shares of the business services provider’s stock worth $26,000 after buying an additional 104 shares during the last quarter. Atwood & Palmer Inc. bought a new stake in shares of Cintas during the 2nd quarter worth $27,000. Finally, Addison Advisors LLC boosted its stake in shares of Cintas by 495.7% during the 3rd quarter. Addison Advisors LLC now owns 137 shares of the business services provider’s stock worth $28,000 after acquiring an additional 114 shares in the last quarter. 63.46% of the stock is currently owned by institutional investors and hedge funds.

Wall Street Analyst Weigh In

CTAS has been the topic of a number of analyst reports. UBS Group lifted their price target on Cintas from $219.00 to $240.00 and gave the stock a “buy” rating in a research note on Thursday, September 26th. Morgan Stanley boosted their price target on shares of Cintas from $170.00 to $185.00 and gave the company an “equal weight” rating in a report on Thursday, September 26th. Jefferies Financial Group decreased their price objective on shares of Cintas from $730.00 to $200.00 and set a “hold” rating for the company in a research note on Thursday, September 26th. The Goldman Sachs Group increased their target price on Cintas from $212.00 to $236.00 and gave the company a “buy” rating in a report on Thursday, September 26th. Finally, Royal Bank of Canada lifted their price target on Cintas from $181.00 to $215.00 and gave the company a “sector perform” rating in a report on Thursday, September 26th. Two equities research analysts have rated the stock with a sell rating, nine have assigned a hold rating and seven have issued a buy rating to the company. According to MarketBeat, the company currently has an average rating of “Hold” and a consensus target price of $199.63.

Cintas Stock Up 0.8 %

Cintas stock opened at $225.79 on Friday. The company has a current ratio of 1.53, a quick ratio of 1.33 and a debt-to-equity ratio of 0.50. The company has a market capitalization of $91.06 billion, a P/E ratio of 57.02, a P/E/G ratio of 4.41 and a beta of 1.32. Cintas Co. has a 1-year low of $136.87 and a 1-year high of $228.12. The firm’s fifty day simple moving average is $212.76 and its 200-day simple moving average is $198.87.

Cintas (NASDAQ:CTAS) last issued its quarterly earnings data on Wednesday, September 25th. The business services provider reported $1.10 EPS for the quarter, beating analysts’ consensus estimates of $1.00 by $0.10. Cintas had a return on equity of 39.56% and a net margin of 16.80%. The business had revenue of $2.50 billion for the quarter, compared to analyst estimates of $2.49 billion. During the same quarter in the prior year, the firm posted $3.70 EPS. The firm’s revenue for the quarter was up 6.8% on a year-over-year basis. Sell-side analysts forecast that Cintas Co. will post 4.23 earnings per share for the current fiscal year.

Cintas Announces Dividend

The company also recently disclosed a quarterly dividend, which will be paid on Friday, December 13th. Stockholders of record on Friday, November 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 Friday, November 15th. Cintas’s payout ratio is 39.39%.

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.