Cintas Co. (NASDAQ:CTAS) Stake Increased by Outlook Wealth Advisors LLC

Outlook Wealth Advisors LLC increased its holdings in Cintas Co. (NASDAQ:CTAS) by 21.5% in the 1st quarter, Holdings Channel reports. The fund owned 536 shares of the business services provider’s stock after purchasing an additional 95 shares during the period. Outlook Wealth Advisors LLC’s holdings in Cintas were worth $368,000 as of its most recent SEC filing.

Other institutional investors and hedge funds also recently bought and sold shares of the company. Rise Advisors LLC purchased a new stake in Cintas in the 1st quarter worth approximately $30,000. Janiczek Wealth Management LLC grew its stake in Cintas by 113.0% in the fourth quarter. Janiczek Wealth Management LLC now owns 49 shares of the business services provider’s stock valued at $30,000 after purchasing an additional 26 shares in the last quarter. Webster Bank N. A. acquired a new position in Cintas in the 1st quarter worth about $38,000. DSM Capital Partners LLC purchased a new stake in shares of Cintas during the 4th quarter worth about $40,000. Finally, ZRC Wealth Management LLC acquired a new stake in shares of Cintas during the 1st quarter valued at about $45,000. Hedge funds and other institutional investors own 63.46% of the company’s stock.

Cintas Stock Performance

Shares of NASDAQ:CTAS traded up $0.98 on Friday, hitting $666.23. 274,164 shares of the company were exchanged, compared to its average volume of 368,220. The company’s 50 day moving average price is $648.22 and its two-hundred day moving average price is $593.38. The firm has a market capitalization of $67.54 billion, a price-to-earnings ratio of 46.01, a PEG ratio of 3.90 and a beta of 1.27. The company has a debt-to-equity ratio of 0.58, a quick ratio of 2.03 and a current ratio of 2.38. Cintas Co. has a one year low of $440.01 and a one year high of $704.84.

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

Cintas Announces Dividend

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

Wall Street Analysts Forecast Growth

CTAS has been the subject of several recent research reports. UBS Group boosted their target price on shares of Cintas from $680.00 to $790.00 and gave the stock a “buy” rating in a research report on Thursday, March 28th. Deutsche Bank Aktiengesellschaft raised their target price on Cintas from $629.00 to $726.00 and gave the company a “hold” rating in a report on Thursday, March 28th. Bank of America upped their price target on Cintas from $700.00 to $790.00 and gave the stock a “buy” rating in a research note on Thursday, March 28th. StockNews.com raised Cintas from a “hold” rating to a “buy” rating in a research note on Monday, March 25th. Finally, Royal Bank of Canada increased their price target on Cintas from $675.00 to $725.00 and gave the company an “outperform” rating in a report on Thursday, March 28th. Six analysts have rated the stock with a hold rating and nine have given a buy rating to the stock. According to MarketBeat, the stock presently has an average 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.