Cintas Co. (NASDAQ:CTAS) Shares Purchased by Citizens Financial Group Inc. RI

Citizens Financial Group Inc. RI increased its stake in shares of Cintas Co. (NASDAQ:CTAS) by 13.8% during the 4th quarter, Holdings Channel.com reports. The fund owned 8,190 shares of the business services provider’s stock after purchasing an additional 993 shares during the quarter. Citizens Financial Group Inc. RI’s holdings in Cintas were worth $4,935,000 as of its most recent SEC filing.

Other hedge funds and other institutional investors have also recently bought and sold shares of the company. Bryn Mawr Capital Management LLC increased its stake in Cintas by 317.6% in the fourth quarter. Bryn Mawr Capital Management LLC now owns 2,994 shares of the business services provider’s stock valued at $1,804,000 after purchasing an additional 2,277 shares during the period. Stanley Laman Group Ltd. acquired a new position in Cintas in the fourth quarter valued at $215,000. Motley Fool Asset Management LLC raised its stake in shares of Cintas by 6.7% during the fourth quarter. Motley Fool Asset Management LLC now owns 3,098 shares of the business services provider’s stock worth $1,867,000 after purchasing an additional 195 shares during the last quarter. Bank Julius Baer & Co. Ltd Zurich acquired a new stake in shares of Cintas during the fourth quarter worth $255,000. Finally, Stevens Capital Management LP purchased a new position in Cintas in the 4th quarter valued at $2,470,000. 63.46% of the stock is currently owned by institutional investors and hedge funds.

Cintas Price Performance

Shares of NASDAQ CTAS traded up $0.98 during midday trading on Friday, hitting $666.23. The company had a trading volume of 274,164 shares, compared to its average volume of 368,220. The company has a quick ratio of 2.03, a current ratio of 2.38 and a debt-to-equity ratio of 0.58. Cintas Co. has a twelve month low of $440.01 and a twelve month high of $704.84. The business has a 50-day simple moving average of $648.22 and a two-hundred day simple moving average of $593.38. The firm has a market capitalization of $67.54 billion, a price-to-earnings ratio of 46.01, a price-to-earnings-growth ratio of 3.90 and a beta of 1.27.

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

Cintas Dividend Announcement

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

Wall Street Analyst Weigh In

A number of equities analysts have commented on CTAS shares. Oppenheimer restated a “market perform” rating on shares of Cintas in a research report on Monday, April 1st. Barclays lifted their target price on shares of Cintas from $630.00 to $700.00 and gave the company an “overweight” rating in a report on Thursday, February 29th. StockNews.com raised shares of Cintas from a “hold” rating to a “buy” rating in a report on Monday, March 25th. Deutsche Bank Aktiengesellschaft lifted their target price on shares of Cintas from $629.00 to $726.00 and gave the company a “hold” rating in a report on Thursday, March 28th. Finally, UBS Group lifted their target price on shares of Cintas from $680.00 to $790.00 and gave the company a “buy” rating in a report on Thursday, March 28th. Six equities research analysts have rated the stock with a hold rating and nine have assigned a buy rating to the stock. Based on data from MarketBeat.com, the company currently has a consensus rating of “Moderate Buy” and an average target price of $661.21.

About Cintas

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.