ProShare Advisors LLC Has $284.73 Million Stock Holdings in Cintas Corporation $CTAS

ProShare Advisors LLC grew its position in Cintas Corporation (NASDAQ:CTAS) by 20.5% during the 4th quarter, Holdings Channel reports. The firm owned 1,513,945 shares of the business services provider’s stock after purchasing an additional 257,762 shares during the quarter. ProShare Advisors LLC’s holdings in Cintas were worth $284,728,000 at the end of the most recent reporting period.

Several other institutional investors and hedge funds also recently made changes to their positions in the company. Richardson Financial Services Inc. boosted its stake in shares of Cintas by 1.1% in the 4th quarter. Richardson Financial Services Inc. now owns 5,058 shares of the business services provider’s stock valued at $951,000 after purchasing an additional 54 shares in the last quarter. Woodward Diversified Capital LLC boosted its stake in shares of Cintas by 4.8% in the 4th quarter. Woodward Diversified Capital LLC now owns 1,288 shares of the business services provider’s stock valued at $242,000 after purchasing an additional 59 shares in the last quarter. Mather Group LLC. boosted its stake in shares of Cintas by 1.4% in the 4th quarter. Mather Group LLC. now owns 4,381 shares of the business services provider’s stock valued at $824,000 after purchasing an additional 59 shares in the last quarter. Oakworth Capital Inc. boosted its stake in shares of Cintas by 4.8% in the 3rd quarter. Oakworth Capital Inc. now owns 1,300 shares of the business services provider’s stock valued at $267,000 after purchasing an additional 60 shares in the last quarter. Finally, Atlas Legacy Advisors LLC boosted its stake in shares of Cintas by 4.1% in the 3rd quarter. Atlas Legacy Advisors LLC now owns 1,560 shares of the business services provider’s stock valued at $320,000 after purchasing an additional 62 shares in the last quarter. Institutional investors and hedge funds own 63.46% of the company’s stock.

Wall Street Analysts Forecast Growth

Several equities research analysts have recently commented on CTAS shares. Bank of America started coverage on shares of Cintas in a research note on Tuesday, February 17th. They issued a “neutral” rating and a $215.00 target price on the stock. Stifel Nicolaus reduced their target price on shares of Cintas from $222.00 to $190.00 and set a “hold” rating on the stock in a research note on Thursday, March 26th. UBS Group restated a “buy” rating on shares of Cintas in a research note on Thursday, March 12th. Robert W. Baird upgraded shares of Cintas from a “neutral” rating to an “outperform” rating and set a $250.00 target price on the stock in a research note on Wednesday, March 11th. Finally, Argus upgraded shares of Cintas to a “strong-buy” rating in a research report on Wednesday, January 21st. One equities research 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 given a Sell rating to the stock. According to MarketBeat.com, Cintas currently has an average rating of “Hold” and an average price target of $215.17.

Insider Transactions at Cintas

In related news, Director Ronald W. Tysoe sold 4,666 shares of the company’s stock in a transaction dated Monday, April 20th. The shares were sold at an average price of $178.87, for a total transaction of $834,607.42. Following the transaction, the director owned 22,448 shares in the company, valued at $4,015,273.76. This represents a 17.21% decrease in their position. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available at the SEC website. 14.90% of the stock is currently owned by company insiders.

Cintas Stock Up 3.7%

Shares of NASDAQ CTAS opened at $174.51 on Tuesday. The firm’s 50-day simple moving average is $177.14 and its 200 day simple moving average is $185.62. The company has a market cap of $69.82 billion, a price-to-earnings ratio of 49.30, a price-to-earnings-growth ratio of 2.96 and a beta of 0.96. The company has a quick ratio of 1.74, a current ratio of 1.98 and a debt-to-equity ratio of 0.51. Cintas Corporation has a 12-month low of $161.16 and a 12-month high of $229.24.

Cintas (NASDAQ:CTAS) last issued its quarterly 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. The business had revenue of $2.84 billion for the quarter, compared to the consensus estimate of $2.82 billion. Cintas had a net margin of 17.57% and a return on equity of 41.47%. The firm’s quarterly revenue was up 8.9% on a year-over-year basis. During the same quarter in the prior year, the company earned $1.13 EPS. On average, research analysts expect that Cintas Corporation will post 4.89 earnings per share for the current fiscal year.

Cintas Dividend Announcement

The business also recently declared a quarterly dividend, which will be paid on Monday, June 15th. Investors 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 annualized dividend and a yield of 1.0%. Cintas’s dividend payout ratio is 50.85%.

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.