Cintas Corporation $CTAS Shares Purchased by RIA Advisory Group LLC

RIA Advisory Group LLC lifted its stake in Cintas Corporation (NASDAQ:CTAS) by 453.4% in the 4th quarter, according to the company in its most recent Form 13F filing with the SEC. The fund owned 5,451 shares of the business services provider’s stock after purchasing an additional 4,466 shares during the quarter. RIA Advisory Group LLC’s holdings in Cintas were worth $1,025,000 at the end of the most recent reporting period.

Other hedge funds and other institutional investors have also recently made changes to their positions in the company. Camelot Portfolios LLC acquired a new stake in shares of Cintas in the fourth quarter valued at approximately $26,000. Key Capital Management INC acquired a new stake in shares of Cintas in the fourth quarter valued at approximately $28,000. Triumph Capital Management acquired a new stake in shares of Cintas in the third quarter valued at approximately $29,000. Ares Financial Consulting LLC acquired a new stake in shares of Cintas in the fourth quarter valued at approximately $32,000. Finally, Alpine Bank Wealth Management increased 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 valued at $34,000 after purchasing an additional 153 shares during the last quarter. Institutional investors and hedge funds own 63.46% of the company’s stock.

Insider Activity at Cintas

In other 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 transaction, the director directly owned 22,448 shares in the company, 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 filing with the SEC, which is available at the SEC website. 14.90% of the stock is currently owned by corporate insiders.

Analysts Set New Price Targets

Several equities research analysts recently commented on the company. Argus raised Cintas to a “strong-buy” rating in a report on Wednesday, January 21st. Wells Fargo & Company upgraded Cintas from a “cautious” rating to an “overweight” rating and increased their price objective for the stock from $205.00 to $245.00 in a research report on Wednesday, January 14th. Citigroup lowered their price objective on Cintas from $181.00 to $160.00 and set a “sell” rating for the company in a research report on Tuesday, March 31st. Robert W. Baird upgraded 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. Finally, Stifel Nicolaus lowered their price objective on Cintas from $222.00 to $190.00 and set a “hold” rating for the company in a research report on Thursday, March 26th. One equities research 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’s stock. According to MarketBeat, the stock presently has a consensus rating of “Hold” and a consensus target price of $215.17.

Cintas Trading Down 2.9%

Shares of Cintas stock opened at $169.61 on Friday. The firm has a market capitalization of $67.86 billion, a price-to-earnings ratio of 47.91, a PEG ratio of 2.99 and a beta of 0.97. Cintas Corporation has a fifty-two week low of $165.60 and a fifty-two week high of $229.24. The company has a debt-to-equity ratio of 0.51, a quick ratio of 1.74 and a current ratio of 1.98. The stock has a 50 day moving average of $183.59 and a 200 day moving average of $187.22.

Cintas (NASDAQ:CTAS) last issued its quarterly earnings data on Wednesday, March 25th. The business services provider reported $1.24 earnings per share for the quarter, hitting the consensus estimate of $1.24. The company had revenue of $2.84 billion during the quarter, compared to analyst estimates of $2.82 billion. Cintas had a return on equity of 41.47% and a net margin of 17.57%.The firm’s revenue for the quarter was up 8.9% compared to the same quarter last year. During the same period in the prior year, the business posted $1.13 earnings per share. As a group, research analysts predict that Cintas Corporation will post 4.89 earnings per share for the current year.

Cintas Dividend Announcement

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

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.