Natixis Advisors L.P. Acquires 703 Shares of Cintas Co. (NASDAQ:CTAS)

Natixis Advisors L.P. raised its position in shares of Cintas Co. (NASDAQ:CTASGet Rating) by 1.9% in the 4th quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The institutional investor owned 37,566 shares of the business services provider’s stock after buying an additional 703 shares during the period. Natixis Advisors L.P.’s holdings in Cintas were worth $16,648,000 as of its most recent filing with the Securities and Exchange Commission.

Several other hedge funds and other institutional investors have also recently bought and sold shares of CTAS. EP Wealth Advisors LLC increased its holdings in shares of Cintas by 1,574.6% during the third quarter. EP Wealth Advisors LLC now owns 426,147 shares of the business services provider’s stock worth $8,345,000 after buying an additional 400,699 shares in the last quarter. Impax Asset Management Group plc acquired a new stake in shares of Cintas during the third quarter worth approximately $88,494,000. Renaissance Technologies LLC acquired a new stake in shares of Cintas during the third quarter worth approximately $64,966,000. Bank of New York Mellon Corp increased its holdings in shares of Cintas by 17.7% in the third quarter. Bank of New York Mellon Corp now owns 868,955 shares of the business services provider’s stock valued at $330,776,000 after purchasing an additional 130,388 shares in the last quarter. Finally, American Century Companies Inc. increased its holdings in shares of Cintas by 12.5% in the third quarter. American Century Companies Inc. now owns 1,093,951 shares of the business services provider’s stock valued at $416,424,000 after purchasing an additional 121,180 shares in the last quarter. 63.10% of the stock is owned by institutional investors.

In other news, CAO Michael Lawrence Thompson sold 12,500 shares of the business’s stock in a transaction dated Friday, April 1st. The shares were sold at an average price of $423.24, for a total transaction of $5,290,500.00. Following the transaction, the chief accounting officer now directly owns 28,933 shares in the company, valued at approximately $12,245,602.92. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, CFO J. Michael Hansen sold 8,200 shares of the company’s stock in a transaction dated Tuesday, March 29th. The shares were sold at an average price of $424.23, for a total transaction of $3,478,686.00. The disclosure for this sale can be found here. 14.90% of the stock is owned by insiders.

A number of analysts recently weighed in on CTAS shares. The Goldman Sachs Group raised their price target on shares of Cintas from $460.00 to $493.00 in a report on Wednesday, March 23rd. Morgan Stanley lowered their target price on shares of Cintas from $416.00 to $389.00 and set an “equal weight” rating for the company in a report on Thursday, March 24th. Deutsche Bank Aktiengesellschaft began coverage on shares of Cintas in a report on Tuesday, March 29th. They set a “buy” rating and a $517.00 target price for the company. Bank of America began coverage on shares of Cintas in a research report on Friday, March 11th. They set a “neutral” rating on the stock. Finally, Robert W. Baird lifted their price target on shares of Cintas from $430.00 to $458.00 and gave the stock an “outperform” rating in a research report on Friday, March 25th. Three equities research analysts have rated the stock with a hold rating and eight have issued a buy rating to the company’s stock. Based on data from MarketBeat, the company has an average rating of “Buy” and an average price target of $451.40.

CTAS stock traded down $13.44 during midday trading on Friday, hitting $397.26. The company’s stock had a trading volume of 609,838 shares, compared to its average volume of 398,828. The company has a debt-to-equity ratio of 0.41, a current ratio of 1.02 and a quick ratio of 0.84. Cintas Co. has a twelve month low of $338.00 and a twelve month high of $461.44. The company’s fifty day moving average price is $400.90 and its 200 day moving average price is $412.07. The stock has a market capitalization of $40.65 billion, a P/E ratio of 35.12, a PEG ratio of 3.32 and a beta of 1.53.

Cintas (NASDAQ:CTASGet Rating) last issued its quarterly earnings results on Wednesday, March 23rd. The business services provider reported $2.97 earnings per share (EPS) for the quarter, beating the consensus estimate of $2.44 by $0.53. Cintas had a net margin of 15.88% and a return on equity of 34.05%. The firm had revenue of $1.96 billion for the quarter, compared to analyst estimates of $1.91 billion. During the same period in the previous year, the business earned $2.37 EPS. The company’s revenue was up 10.3% compared to the same quarter last year. Equities analysts expect that Cintas Co. will post 11.24 EPS for the current fiscal year.

The firm also recently declared a quarterly dividend, which will be paid on Wednesday, June 15th. Shareholders of record on Monday, May 16th will be paid a $0.95 dividend. The ex-dividend date of this dividend is Friday, May 13th. This represents a $3.80 annualized dividend and a yield of 0.96%. Cintas’s payout ratio is currently 33.60%.

Cintas Company Profile (Get Rating)

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.

See Also

Institutional Ownership by Quarter for Cintas (NASDAQ:CTAS)

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