Cintas Co. (NASDAQ:CTAS) Shares Purchased by MJP Associates Inc. ADV

MJP Associates Inc. ADV lifted its position in Cintas Co. (NASDAQ:CTAS) by 2.1% during the fourth quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The fund owned 2,412 shares of the business services provider’s stock after acquiring an additional 50 shares during the period. MJP Associates Inc. ADV’s holdings in Cintas were worth $441,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

A number of other institutional investors have also recently made changes to their positions in the company. Sound Income Strategies LLC acquired a new position in Cintas during the fourth quarter worth $27,000. Cyrus J. Lawrence LLC acquired a new position in Cintas during the fourth quarter worth $29,000. Endeavor Private Wealth Inc. acquired a new position in Cintas during the fourth quarter worth $31,000. IAG Wealth Partners LLC boosted its stake in Cintas by 136.8% during the fourth quarter. IAG Wealth Partners LLC now owns 180 shares of the business services provider’s stock worth $33,000 after buying an additional 104 shares during the last quarter. Finally, Newbridge Financial Services Group Inc. acquired a new position in Cintas during the fourth quarter worth $34,000. 63.46% of the stock is owned by institutional investors and hedge funds.

Insiders Place Their Bets

In other news, Director Ronald W. Tysoe sold 8,521 shares of the stock in a transaction dated Monday, April 14th. The stock was sold at an average price of $208.96, for a total value of $1,780,548.16. Following the transaction, the director now owns 27,029 shares in the company, valued at approximately $5,647,979.84. This represents a 23.97% decrease in their position. The transaction was disclosed in a legal filing with the SEC, which can be accessed through this link. Also, COO Jim Rozakis sold 2,000 shares of the stock in a transaction dated Monday, April 7th. The shares were sold at an average price of $190.37, for a total value of $380,740.00. Following the completion of the transaction, the chief operating officer now owns 256,528 shares in the company, valued at approximately $48,835,235.36. The trade was a 0.77% decrease in their position. The disclosure for this sale can be found here. 15.00% of the stock is owned by company insiders.

Analyst Upgrades and Downgrades

A number of equities analysts have weighed in on CTAS shares. Wells Fargo & Company boosted their price objective on Cintas from $184.00 to $196.00 and gave the stock an “underweight” rating in a research note on Thursday, March 27th. Argus raised Cintas to a “strong-buy” rating in a research note on Wednesday, April 16th. Robert W. Baird upped their price target on Cintas from $200.00 to $227.00 and gave the company a “neutral” rating in a research note on Thursday, March 27th. Citigroup assumed coverage on Cintas in a research note on Monday, February 24th. They issued a “sell” rating and a $161.00 price target on the stock. Finally, Bank of America assumed coverage on Cintas in a research note on Thursday, April 10th. They issued a “buy” rating and a $250.00 price target on the stock. Three investment analysts have rated the stock with a sell rating, six have assigned a hold rating, six have given a buy rating and one has given a strong buy rating to the company. According to data from MarketBeat, the company currently has an average rating of “Hold” and a consensus target price of $213.88.

Cintas Price Performance

CTAS opened at $216.99 on Tuesday. The stock’s 50-day moving average price is $203.15 and its 200 day moving average price is $204.44. Cintas Co. has a 12-month low of $164.93 and a 12-month high of $228.12. The company has a current ratio of 1.58, a quick ratio of 1.38 and a debt-to-equity ratio of 0.47. The firm has a market cap of $87.62 billion, a price-to-earnings ratio of 52.32, a PEG ratio of 3.98 and a beta of 1.09.

Cintas (NASDAQ:CTAS) last issued its quarterly earnings results on Wednesday, March 26th. The business services provider reported $1.13 earnings per share for the quarter, topping the consensus estimate of $1.05 by $0.08. Cintas had a return on equity of 40.62% and a net margin of 17.23%. The company had revenue of $2.61 billion for the quarter, compared to the consensus estimate of $2.60 billion. During the same quarter in the prior year, the business earned $3.84 EPS. Cintas’s revenue was up 8.4% on a year-over-year basis. As a group, sell-side analysts expect that Cintas Co. will post 4.31 earnings per share for the current year.

Cintas Announces Dividend

The business also recently declared a quarterly dividend, which will be paid on Friday, June 13th. Shareholders of record on Thursday, May 15th will be issued a dividend of $0.39 per share. The ex-dividend date of this dividend is Thursday, May 15th. This represents a $1.56 annualized dividend and a yield of 0.72%. Cintas’s dividend payout ratio (DPR) is 36.11%.

About Cintas

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.