Benjamin Edwards Inc. Acquires New Holdings in Cintas Co. (NASDAQ:CTAS)

Benjamin Edwards Inc. acquired a new stake in shares of Cintas Co. (NASDAQ:CTAS) during the 4th quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The firm acquired 2,355 shares of the business services provider’s stock, valued at approximately $1,419,000.

A number of other institutional investors also recently modified their holdings of CTAS. Columbus Macro LLC lifted its stake in shares of Cintas by 1.2% in the fourth quarter. Columbus Macro LLC now owns 1,453 shares of the business services provider’s stock worth $871,000 after buying an additional 17 shares during the last quarter. Quent Capital LLC lifted its stake in shares of Cintas by 22.8% in the fourth quarter. Quent Capital LLC now owns 97 shares of the business services provider’s stock worth $59,000 after buying an additional 18 shares during the last quarter. Greenleaf Trust lifted its stake in shares of Cintas by 1.0% in the third quarter. Greenleaf Trust now owns 1,899 shares of the business services provider’s stock worth $913,000 after buying an additional 19 shares during the last quarter. Catalyst Capital Advisors LLC increased 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 worth $36,000 after acquiring an additional 19 shares during the period. Finally, KMG Fiduciary Partners LLC increased its position in Cintas by 1.6% during the third quarter. KMG Fiduciary Partners LLC now owns 1,338 shares of the business services provider’s stock worth $644,000 after acquiring an additional 21 shares during the period. Institutional investors own 63.46% of the company’s stock.

Cintas Price Performance

Shares of CTAS traded down $1.72 during trading hours on Thursday, hitting $661.87. The stock had a trading volume of 163,494 shares, compared to its average volume of 347,395. The company’s fifty day moving average is $651.02 and its two-hundred day moving average is $597.11. The company has a debt-to-equity ratio of 0.58, a current ratio of 2.38 and a quick ratio of 2.03. Cintas Co. has a 52 week low of $456.57 and a 52 week high of $704.84. The stock has a market capitalization of $67.09 billion, a price-to-earnings ratio of 45.83, a P/E/G ratio of 3.86 and a beta of 1.27.

Cintas (NASDAQ:CTAS) last posted its earnings results on Wednesday, March 27th. The business services provider reported $3.84 earnings per share for the quarter, topping the consensus estimate of $3.58 by $0.26. Cintas had a net margin of 15.98% and a return on equity of 37.19%. The business had revenue of $2.41 billion for the quarter, compared to analyst estimates of $2.39 billion. During the same quarter in the prior year, the firm earned $3.14 EPS. The firm’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 EPS for the current year.

Cintas Dividend Announcement

The company also recently announced a quarterly dividend, which will be paid on Friday, June 14th. Stockholders of record on Wednesday, May 15th will be issued a $1.35 dividend. This represents a $5.40 annualized dividend and a dividend yield of 0.82%. The ex-dividend date is Tuesday, May 14th. Cintas’s payout ratio is 37.29%.

Wall Street Analyst Weigh In

A number of equities analysts recently issued reports on the stock. Bank of America boosted their target price on shares of Cintas from $700.00 to $790.00 and gave the stock a “buy” rating in a research report on Thursday, March 28th. StockNews.com raised shares of Cintas from a “hold” rating to a “buy” rating in a research report on Monday, March 25th. Royal Bank of Canada boosted their target price on shares of Cintas from $675.00 to $725.00 and gave the stock an “outperform” rating in a research report on Thursday, March 28th. 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. Finally, Robert W. Baird boosted their target price on shares of Cintas from $660.00 to $750.00 and gave the stock an “outperform” rating in a research report on Thursday, March 28th. Six investment analysts have rated the stock with a hold rating and nine have assigned a buy rating to the company. Based on data from MarketBeat.com, the stock has a consensus rating of “Moderate Buy” and a consensus price target 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.