Cintas Corporation $CTAS Shares Bought by Diversified Enterprises LLC

Diversified Enterprises LLC lifted its holdings in shares of Cintas Corporation (NASDAQ:CTAS) by 371.6% in the 4th quarter, Holdings Channel.com reports. The institutional investor owned 5,923 shares of the business services provider’s stock after buying an additional 4,667 shares during the quarter. Diversified Enterprises LLC’s holdings in Cintas were worth $1,114,000 as of its most recent filing with the SEC.

Several other institutional investors have also recently added to or reduced their stakes in CTAS. Triumph Capital Management acquired a new stake in Cintas during the 3rd quarter worth approximately $29,000. Key Capital Management INC purchased a new stake in shares of Cintas during the fourth quarter worth approximately $28,000. Alpine Bank Wealth Management lifted its holdings in shares of Cintas by 1,092.9% during the third quarter. Alpine Bank Wealth Management now owns 167 shares of the business services provider’s stock worth $34,000 after purchasing an additional 153 shares during the period. WPG Advisers LLC grew its position in Cintas by 90.0% in the 3rd quarter. WPG Advisers LLC now owns 171 shares of the business services provider’s stock valued at $35,000 after buying an additional 81 shares during the last quarter. Finally, Aventura Private Wealth LLC acquired a new position in Cintas in the 4th quarter valued at $34,000. Institutional investors and hedge funds own 63.46% of the company’s stock.

Cintas Price Performance

CTAS stock opened at $177.62 on Friday. The firm has a 50 day moving average of $185.66 and a 200-day moving average of $187.94. The company has a market cap of $71.06 billion, a price-to-earnings ratio of 50.18, a PEG ratio of 3.07 and a beta of 1.01. The company has a current ratio of 1.98, a quick ratio of 1.74 and a debt-to-equity ratio of 0.51. Cintas Corporation has a 12-month low of $165.60 and a 12-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 return on equity of 41.47% and a net margin of 17.57%.Cintas’s revenue was up 8.9% compared to the same quarter last year. During the same quarter in the prior year, the company earned $1.13 earnings per share. As a group, equities analysts expect that Cintas Corporation will post 4.89 EPS for the current fiscal year.

Cintas Announces Dividend

The firm also recently declared a quarterly dividend, which will be paid on Monday, June 15th. Shareholders of record on Friday, May 15th will be issued a $0.45 dividend. This represents a $1.80 annualized dividend and a dividend yield of 1.0%. The ex-dividend date of this dividend is Friday, May 15th. Cintas’s dividend payout ratio is 50.85%.

Wall Street Analysts Forecast Growth

A number of equities analysts have commented on CTAS shares. UBS Group restated a “buy” rating on shares of Cintas in a research report on Thursday, March 12th. Citigroup lowered their target price on shares of Cintas from $181.00 to $160.00 and set a “sell” rating on the stock in a report on Tuesday, March 31st. Argus raised shares of Cintas to a “strong-buy” rating in a report on Wednesday, January 21st. Bank of America assumed coverage on Cintas in a report on Tuesday, February 17th. They issued a “neutral” rating and a $215.00 price objective on the stock. Finally, Weiss Ratings downgraded Cintas from a “buy (b-)” rating to a “hold (c+)” rating in a research note on Wednesday, April 1st. One investment analyst has rated the stock with a Strong Buy rating, five have given a Buy rating, seven have assigned a Hold rating and one has given a Sell rating to the company. Based on data from MarketBeat, Cintas currently has a consensus rating of “Hold” and a consensus price target of $215.17.

Insider Activity

In other news, Director Ronald W. Tysoe sold 4,666 shares of the stock in a transaction that occurred on Monday, April 20th. The shares were sold at an average price of $178.87, for a total value of $834,607.42. Following the sale, the director directly owned 22,448 shares in the company, valued at $4,015,273.76. This represents a 17.21% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through the SEC website. 14.90% of the stock is owned by company insiders.

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.