Stanley Laman Group Ltd. Invests $215,000 in Cintas Co. (NASDAQ:CTAS)

Stanley Laman Group Ltd. acquired a new position in Cintas Co. (NASDAQ:CTAS) during the fourth quarter, Holdings Channel.com reports. The firm acquired 356 shares of the business services provider’s stock, valued at approximately $215,000.

A number of other hedge funds and other institutional investors have also recently made changes to their positions in CTAS. Columbus Macro LLC grew its position in Cintas by 1.2% during the fourth quarter. Columbus Macro LLC now owns 1,453 shares of the business services provider’s stock valued at $871,000 after buying an additional 17 shares during the period. Quent Capital LLC grew its position in Cintas by 22.8% during the fourth quarter. Quent Capital LLC now owns 97 shares of the business services provider’s stock valued at $59,000 after buying an additional 18 shares during the period. Greenleaf Trust grew its position in Cintas by 1.0% during the third quarter. Greenleaf Trust now owns 1,899 shares of the business services provider’s stock valued at $913,000 after buying an additional 19 shares during the period. Catalyst Capital Advisors LLC grew its position in Cintas by 33.9% during the third quarter. Catalyst Capital Advisors LLC now owns 75 shares of the business services provider’s stock valued at $36,000 after buying an additional 19 shares during the period. Finally, KMG Fiduciary Partners LLC grew its position in shares of Cintas by 1.6% in the third quarter. KMG Fiduciary Partners LLC now owns 1,338 shares of the business services provider’s stock valued at $644,000 after purchasing an additional 21 shares during the period. Institutional investors and hedge funds own 63.46% of the company’s stock.

Cintas Trading Up 0.1 %

Shares of CTAS traded up $0.98 during trading on Friday, reaching $666.23. 274,164 shares of the company traded hands, compared to its average volume of 350,293. Cintas Co. has a twelve month low of $440.01 and a twelve month high of $704.84. The stock has a market cap of $67.54 billion, a PE ratio of 46.01, a price-to-earnings-growth ratio of 3.89 and a beta of 1.27. The stock has a 50-day simple moving average of $648.22 and a 200-day simple moving average of $593.38. 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 (NASDAQ:CTAS) last announced its quarterly earnings data on Wednesday, March 27th. The business services provider reported $3.84 earnings per share for the quarter, beating analysts’ consensus estimates of $3.58 by $0.26. Cintas had a net margin of 15.98% and a return on equity of 37.19%. The firm had revenue of $2.41 billion during the quarter, compared to analysts’ expectations of $2.39 billion. During the same quarter in the previous year, the business posted $3.14 earnings per share. The business’s quarterly revenue was up 9.9% compared to the same quarter last year. On average, analysts anticipate that Cintas Co. will post 14.95 earnings per share for the current year.

Cintas Announces Dividend

The company also recently declared a quarterly dividend, which will be paid on Friday, June 14th. Shareholders of record on Wednesday, May 15th will be issued a dividend of $1.35 per share. This represents a $5.40 annualized dividend and a yield of 0.81%. The ex-dividend date of this dividend is Tuesday, May 14th. Cintas’s dividend payout ratio (DPR) is presently 37.29%.

Analyst Ratings Changes

Several analysts have recently issued reports on the stock. Robert W. Baird lifted their target price on shares of Cintas from $660.00 to $750.00 and gave the company an “outperform” rating in a research report on Thursday, March 28th. UBS Group raised their price target on shares of Cintas from $680.00 to $790.00 and gave the stock a “buy” rating in a research note on Thursday, March 28th. The Goldman Sachs Group raised their price target on shares of Cintas from $673.00 to $765.00 and gave the stock a “buy” rating in a research note on Thursday, March 28th. StockNews.com raised shares of Cintas from a “hold” rating to a “buy” rating in a research note on Monday, March 25th. Finally, Royal Bank of Canada raised their price target on shares of Cintas from $675.00 to $725.00 and gave the stock an “outperform” rating in a research note on Thursday, March 28th. Six 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, Cintas currently has a consensus rating of “Moderate Buy” and an average target price of $661.21.

Cintas Profile

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.