Cintas Corporation $CTAS Shares Acquired by Logan Capital Management Inc.

Logan Capital Management Inc. increased its holdings in shares of Cintas Corporation (NASDAQ:CTAS) by 4.4% during the fourth quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor owned 133,515 shares of the business services provider’s stock after buying an additional 5,667 shares during the period. Cintas comprises approximately 1.1% of Logan Capital Management Inc.’s investment portfolio, making the stock its 19th largest holding. Logan Capital Management Inc.’s holdings in Cintas were worth $25,110,000 as of its most recent SEC filing.

Several other institutional investors and hedge funds also recently added to or reduced their stakes in CTAS. Nemes Rush Group LLC purchased a new stake in shares of Cintas during the fourth quarter worth about $25,000. Triumph Capital Management purchased a new position in shares of Cintas in the third quarter valued at approximately $29,000. Camelot Portfolios LLC acquired a new stake in shares of Cintas in the fourth quarter worth approximately $26,000. Key Capital Management INC purchased a new stake in shares of Cintas during the fourth quarter worth approximately $28,000. Finally, Meeder Asset Management Inc. raised its stake in Cintas by 226.7% in the 4th quarter. Meeder Asset Management Inc. now owns 147 shares of the business services provider’s stock valued at $28,000 after purchasing an additional 102 shares during the last quarter. Hedge funds and other institutional investors own 63.46% of the company’s stock.

Analysts Set New Price Targets

A number of equities research analysts have recently issued reports on the stock. Bank of America initiated coverage on shares of Cintas in a report on Tuesday, February 17th. They set a “neutral” rating and a $215.00 target price for the company. Robert W. Baird upgraded shares of Cintas from a “neutral” rating to an “outperform” rating and set a $250.00 price objective for the company in a report on Wednesday, March 11th. Citigroup lowered their target price on Cintas from $181.00 to $160.00 and set a “sell” rating on the stock in a report on Tuesday, March 31st. UBS Group reaffirmed a “buy” rating on shares of Cintas in a report on Thursday, March 12th. Finally, Stifel Nicolaus reduced their price objective on Cintas from $222.00 to $190.00 and set a “hold” rating on the stock in a research report on Thursday, March 26th. One investment analyst has rated the stock with a Strong Buy rating, five have assigned a Buy rating, seven have issued a Hold rating and one has issued a Sell rating to the stock. Based on data from MarketBeat.com, Cintas currently has a consensus rating of “Hold” and a consensus target price of $215.17.

Cintas Stock Up 0.8%

CTAS stock opened at $181.88 on Friday. Cintas Corporation has a one year low of $161.16 and a one year high of $226.75. The firm has a market cap of $72.77 billion, a PE ratio of 51.38, a PEG ratio of 2.87 and a beta of 0.94. The firm’s 50 day moving average price is $173.46 and its 200-day moving average price is $184.35. The company has a debt-to-equity ratio of 0.51, a quick ratio of 1.74 and a current ratio of 1.98.

Cintas (NASDAQ:CTAS) last posted its earnings results on Wednesday, March 25th. The business services provider reported $1.24 earnings per share (EPS) for the quarter, hitting the consensus estimate of $1.24. Cintas had a return on equity of 41.47% and a net margin of 17.57%.The company had revenue of $2.84 billion during the quarter, compared to analysts’ expectations of $2.82 billion. During the same quarter last year, the firm earned $1.13 earnings per share. The firm’s quarterly revenue was up 8.9% compared to the same quarter last year. On average, equities research analysts anticipate that Cintas Corporation will post 4.89 EPS for the current year.

Cintas Announces Dividend

The business also recently declared a quarterly dividend, which will be paid on Monday, June 15th. Shareholders of record on Friday, May 15th will be given a dividend of $0.45 per share. The ex-dividend date is Friday, May 15th. This represents a $1.80 dividend on an annualized basis and a dividend yield of 1.0%. Cintas’s dividend payout ratio (DPR) is currently 50.85%.

Insider Buying and Selling at Cintas

In other news, Director Ronald W. Tysoe sold 4,666 shares of the business’s 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 of the company’s stock, valued at approximately $4,015,273.76. The trade was a 17.21% decrease in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this hyperlink. 14.90% of the stock is currently owned by corporate insiders.

About Cintas

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.