Cintas Co. (NASDAQ:CTAS) Shares Bought by Alaska Permanent Fund Corp

Alaska Permanent Fund Corp grew its position in Cintas Co. (NASDAQ:CTAS) by 15.7% in the fourth quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor owned 22,278 shares of the business services provider’s stock after buying an additional 3,015 shares during the quarter. Alaska Permanent Fund Corp’s holdings in Cintas were worth $13,426,000 as of its most recent filing with the Securities and Exchange Commission.

Other institutional investors have also modified their holdings of the company. Janiczek Wealth Management LLC grew its stake in shares of Cintas by 113.0% in the fourth quarter. Janiczek Wealth Management LLC now owns 49 shares of the business services provider’s stock valued at $30,000 after buying an additional 26 shares in the last quarter. Catalyst Capital Advisors LLC lifted its holdings in Cintas by 33.9% during the 3rd quarter. Catalyst Capital Advisors LLC now owns 75 shares of the business services provider’s stock worth $36,000 after buying an additional 19 shares during the last quarter. Turtle Creek Wealth Advisors LLC purchased a new stake in Cintas during the 4th quarter worth about $46,000. Oakworth Capital Inc. purchased a new stake in Cintas during the 4th quarter worth about $48,000. Finally, Raleigh Capital Management Inc. lifted its holdings in shares of Cintas by 66.7% in the 3rd quarter. Raleigh Capital Management Inc. now owns 85 shares of the business services provider’s stock valued at $41,000 after purchasing an additional 34 shares during the last quarter. 63.46% of the stock is owned by institutional investors and hedge funds.

Cintas Price Performance

CTAS stock traded down $0.79 on Thursday, reaching $663.34. The company had a trading volume of 11,044 shares, compared to its average volume of 347,766. Cintas Co. has a 1 year low of $438.59 and a 1 year high of $704.84. The company has a debt-to-equity ratio of 0.58, a quick ratio of 2.03 and a current ratio of 2.38. The company’s fifty day moving average is $646.30 and its 200 day moving average is $591.73. The company has a market cap of $67.24 billion, a P/E ratio of 45.87, a PEG ratio of 3.90 and a beta of 1.27.

Cintas (NASDAQ:CTAS) last posted its earnings results on Wednesday, March 27th. The business services provider reported $3.84 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $3.58 by $0.26. Cintas had a return on equity of 37.19% and a net margin of 15.98%. The firm had revenue of $2.41 billion for the quarter, compared to analyst estimates of $2.39 billion. During the same quarter in the prior year, the company earned $3.14 EPS. Cintas’s revenue was up 9.9% on a year-over-year basis. On average, research analysts forecast that Cintas Co. will post 14.95 earnings per share for the current year.

Cintas Announces Dividend

The firm also recently declared a quarterly dividend, which will be paid on Friday, June 14th. Shareholders of record on Wednesday, May 15th will be paid a dividend of $1.35 per share. This represents a $5.40 dividend on an annualized basis and a dividend yield of 0.81%. The ex-dividend date of this dividend is Tuesday, May 14th. Cintas’s dividend payout ratio is presently 37.29%.

Analyst Upgrades and Downgrades

Several analysts have commented on the company. Robert W. Baird upped their price objective on Cintas from $660.00 to $750.00 and gave the company an “outperform” rating in a research note on Thursday, March 28th. Oppenheimer reaffirmed a “market perform” rating on shares of Cintas in a research note on Monday, April 1st. Deutsche Bank Aktiengesellschaft boosted their target price on Cintas from $629.00 to $726.00 and gave the stock a “hold” rating in a research report on Thursday, March 28th. StockNews.com upgraded Cintas from a “hold” rating to a “buy” rating in a research report on Monday, March 25th. Finally, The Goldman Sachs Group boosted their target price on Cintas from $673.00 to $765.00 and gave the stock a “buy” rating in a research report on Thursday, March 28th. Six equities research analysts have rated the stock with a hold rating and nine have given a buy rating to the company’s stock. Based on data from MarketBeat.com, the company presently has a consensus rating of “Moderate Buy” and a consensus price target of $661.21.

Cintas Profile

Cintas Corporation provides 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.