Cintas Corporation $CTAS Shares Acquired by Pittenger & Anderson Inc.

Pittenger & Anderson Inc. grew its stake in Cintas Corporation (NASDAQ:CTAS) by 4.8% during the 4th quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The firm owned 166,459 shares of the business services provider’s stock after purchasing an additional 7,607 shares during the quarter. Cintas makes up 1.2% of Pittenger & Anderson Inc.’s holdings, making the stock its 20th biggest position. Pittenger & Anderson Inc.’s holdings in Cintas were worth $31,306,000 as of its most recent filing with the Securities & Exchange Commission.

Several other institutional investors have also modified their holdings of CTAS. Brighton Jones LLC grew its position in shares of Cintas by 9.3% in the fourth quarter. Brighton Jones LLC now owns 1,268 shares of the business services provider’s stock valued at $232,000 after purchasing an additional 108 shares during the period. Sivia Capital Partners LLC grew its position 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 valued at $321,000 after purchasing an additional 428 shares during the period. Gamco Investors INC. ET AL acquired a new stake in shares of Cintas in the second quarter valued at about $625,000. Treasurer of the State of North Carolina grew its position in shares of Cintas by 20.3% in the second quarter. Treasurer of the State of North Carolina now owns 212,192 shares of the business services provider’s stock valued at $47,291,000 after purchasing an additional 35,781 shares during the period. Finally, Ieq Capital LLC grew its position in shares of Cintas by 50.2% in 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 period. Institutional investors and hedge funds own 63.46% of the company’s stock.

Analyst Upgrades and Downgrades

Several analysts have recently issued reports on the stock. Wells Fargo & Company upgraded shares of Cintas from a “cautious” rating to an “overweight” rating and lifted their target price for the company from $205.00 to $245.00 in a research report on Wednesday, January 14th. Citigroup decreased their price target on shares of Cintas from $181.00 to $160.00 and set a “sell” rating on the stock in a research note on Tuesday, March 31st. UBS Group reissued a “buy” rating on shares of Cintas in a research note on Thursday, March 12th. Bank of America initiated coverage on shares of Cintas in a research note on Tuesday, February 17th. They issued a “neutral” rating and a $215.00 price target on the stock. Finally, Argus raised shares of Cintas to a “strong-buy” rating in a research note on Wednesday, January 21st. One analyst has rated the stock with a Strong Buy rating, five have assigned a Buy rating, seven have assigned a Hold rating and one has issued a Sell rating to the company. According to MarketBeat.com, the stock currently has a consensus rating of “Hold” and an average price target of $215.17.

Insider Transactions at Cintas

In other Cintas news, Director Ronald W. Tysoe sold 4,666 shares of the firm’s stock in a transaction on Monday, April 20th. The stock was 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 of the company’s stock, valued at $4,015,273.76. This trade represents a 17.21% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available through the SEC website. 14.90% of the stock is currently owned by company insiders.

Cintas Stock Performance

NASDAQ:CTAS opened at $169.61 on Friday. The company has a current ratio of 1.98, a quick ratio of 1.74 and a debt-to-equity ratio of 0.51. The company has a market cap of $67.86 billion, a P/E ratio of 47.91, a P/E/G ratio of 2.99 and a beta of 0.97. The company’s 50-day moving average price is $183.59 and its 200-day moving average price is $187.22. Cintas Corporation has a twelve month low of $165.60 and a twelve month high of $229.24.

Cintas (NASDAQ:CTAS) last posted its earnings results on Wednesday, March 25th. The business services provider reported $1.24 earnings per share for the quarter, meeting the consensus estimate of $1.24. The company had revenue of $2.84 billion for the quarter, compared to analyst estimates of $2.82 billion. Cintas had a net margin of 17.57% and a return on equity of 41.47%. Cintas’s revenue was up 8.9% on a year-over-year basis. During the same period in the previous year, the business posted $1.13 EPS. On average, sell-side analysts forecast that Cintas Corporation will post 4.89 earnings per share for the current fiscal year.

Cintas Announces Dividend

The firm also recently announced a quarterly dividend, which will be paid on Monday, June 15th. Shareholders of record on Friday, May 15th will be paid a dividend of $0.45 per share. The ex-dividend date of this dividend is Friday, May 15th. This represents a $1.80 annualized dividend and a yield of 1.1%. Cintas’s dividend payout ratio (DPR) is 50.85%.

Cintas 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.