Dana Investment Advisors Inc. bought a new position in shares of Cintas Co. (NASDAQ:CTAS) during the 4th quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The institutional investor bought 1,561 shares of the business services provider’s stock, valued at approximately $262,000.

Several other hedge funds have also made changes to their positions in the company. Flagship Harbor Advisors LLC lifted its stake in Cintas by 5.8% in the fourth quarter. Flagship Harbor Advisors LLC now owns 1,226 shares of the business services provider’s stock valued at $206,000 after buying an additional 67 shares during the period. Rehmann Capital Advisory Group lifted its stake in Cintas by 9.6% in the third quarter. Rehmann Capital Advisory Group now owns 1,078 shares of the business services provider’s stock valued at $213,000 after buying an additional 94 shares during the period. D.B. Root & Company LLC lifted its stake in Cintas by 8.4% in the fourth quarter. D.B. Root & Company LLC now owns 1,274 shares of the business services provider’s stock valued at $214,000 after buying an additional 99 shares during the period. ETF Managers Group LLC lifted its stake in Cintas by 18.2% in the fourth quarter. ETF Managers Group LLC now owns 778 shares of the business services provider’s stock valued at $131,000 after buying an additional 120 shares during the period. Finally, Welch & Forbes LLC raised its position in shares of Cintas by 0.3% during the fourth quarter. Welch & Forbes LLC now owns 41,495 shares of the business services provider’s stock worth $6,970,000 after purchasing an additional 140 shares during the period. Institutional investors own 66.33% of the company’s stock.

NASDAQ:CTAS opened at $205.55 on Monday. The company has a quick ratio of 1.70, a current ratio of 1.99 and a debt-to-equity ratio of 0.84. The stock has a market cap of $21.49 billion, a P/E ratio of 34.60, a PEG ratio of 2.27 and a beta of 1.09. Cintas Co. has a 52-week low of $155.98 and a 52-week high of $217.34.

Cintas (NASDAQ:CTAS) last posted its quarterly earnings data on Thursday, December 20th. The business services provider reported $1.76 earnings per share (EPS) for the quarter, topping the Zacks’ consensus estimate of $1.72 by $0.04. The business had revenue of $1.72 billion during the quarter, compared to the consensus estimate of $1.69 billion. Cintas had a return on equity of 24.87% and a net margin of 14.10%. Cintas’s quarterly revenue was up 7.0% on a year-over-year basis. During the same period last year, the company earned $1.31 earnings per share. On average, research analysts predict that Cintas Co. will post 7.35 earnings per share for the current year.

A number of equities research analysts have recently commented on the company. BidaskClub raised Cintas from a “buy” rating to a “strong-buy” rating in a research report on Thursday, January 24th. Robert W. Baird dropped their price target on Cintas from $235.00 to $201.00 and set an “outperform” rating on the stock in a research report on Friday, December 21st. Northcoast Research reaffirmed a “neutral” rating on shares of Cintas in a research report on Friday, December 21st. Credit Suisse Group dropped their price target on Cintas from $205.00 to $160.00 and set a “neutral” rating on the stock in a research report on Friday, December 21st. Finally, Morgan Stanley set a $167.00 price target on Cintas and gave the stock a “sell” rating in a research report on Friday, December 21st. Two equities research analysts have rated the stock with a sell rating, four have assigned a hold rating, seven have issued a buy rating and one has given a strong buy rating to the stock. The stock presently has an average rating of “Buy” and a consensus price target of $190.77.

In related news, VP Thomas E. Frooman sold 1,740 shares of the stock in a transaction dated Thursday, February 14th. The stock was sold at an average price of $201.79, for a total transaction of $351,114.60. Following the completion of the transaction, the vice president now directly owns 124,666 shares in the company, valued at $25,156,352.14. The transaction was disclosed in a filing with the SEC, which can be accessed through this link. Also, Director Ronald W. Tysoe sold 3,000 shares of the stock in a transaction dated Wednesday, February 13th. The stock was sold at an average price of $201.64, for a total value of $604,920.00. Following the transaction, the director now owns 5,667 shares of the company’s stock, valued at $1,142,693.88. The disclosure for this sale can be found here. Over the last quarter, insiders have sold 5,740 shares of company stock valued at $1,156,635. 19.10% of the stock is owned by corporate insiders.

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Cintas Company Profile

Cintas Corporation provides corporate identity uniforms and related business services primarily in North America, Latin America, Europe, and Asia. It operates through Uniform Rental and Facility Services and First Aid and Safety Services 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, and carpet and tile cleaning services, as well as sells uniforms directly.

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Institutional Ownership by Quarter for Cintas (NASDAQ:CTAS)

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