Cintas Co. (NASDAQ:CTAS) Stock Holdings Raised by Benjamin F. Edwards & Company Inc.

Benjamin F. Edwards & Company Inc. raised its stake in Cintas Co. (NASDAQ:CTAS) by 1,931.4% in the 4th quarter, according to its most recent filing with the SEC. The fund owned 42,538 shares of the business services provider’s stock after purchasing an additional 40,444 shares during the period. Benjamin F. Edwards & Company Inc.’s holdings in Cintas were worth $25,636,000 as of its most recent SEC filing.

Several other hedge funds and other institutional investors also recently modified their holdings of CTAS. Janiczek Wealth Management LLC raised its holdings in shares of Cintas by 113.0% in the 4th quarter. Janiczek Wealth Management LLC now owns 49 shares of the business services provider’s stock worth $30,000 after purchasing an additional 26 shares in the last quarter. Catalyst Capital Advisors LLC raised its holdings in shares of 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 acquiring an additional 19 shares during the period. Raleigh Capital Management Inc. raised its holdings in shares of Cintas by 66.7% during the third quarter. Raleigh Capital Management Inc. now owns 85 shares of the business services provider’s stock valued at $41,000 after acquiring an additional 34 shares during the period. Ancora Advisors LLC grew its position in Cintas by 2,833.3% during the third quarter. Ancora Advisors LLC now owns 88 shares of the business services provider’s stock valued at $43,000 after purchasing an additional 85 shares in the last quarter. Finally, Operose Advisors LLC grew its position in Cintas by 944.4% during the third quarter. Operose Advisors LLC now owns 94 shares of the business services provider’s stock valued at $45,000 after purchasing an additional 85 shares in the last quarter. Institutional investors own 63.46% of the company’s stock.

Cintas Stock Down 0.2 %

CTAS stock traded down $1.30 during midday trading on Thursday, hitting $662.29. The stock had a trading volume of 389,208 shares, compared to its average volume of 350,112. The firm has a market cap of $67.14 billion, a price-to-earnings ratio of 45.83, a price-to-earnings-growth ratio of 3.86 and a beta of 1.27. The business has a 50-day moving average of $651.02 and a two-hundred day moving average of $597.11. Cintas Co. has a 52-week low of $456.57 and a 52-week high of $704.84. 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 (NASDAQ:CTAS) last announced its quarterly earnings results on Wednesday, March 27th. The business services provider reported $3.84 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates 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 the consensus estimate of $2.39 billion. During the same period in the prior year, the company posted $3.14 earnings per share. The company’s quarterly revenue was up 9.9% on a year-over-year basis. As a group, equities research analysts forecast that Cintas Co. will post 14.95 earnings per share for the current fiscal year.

Cintas Announces Dividend

The business also recently disclosed a quarterly dividend, which will be paid on Friday, June 14th. Stockholders of record on Wednesday, May 15th will be paid 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%.

Analyst Upgrades and Downgrades

Several analysts recently issued reports on the stock. The Goldman Sachs Group upped their price objective on shares of Cintas from $673.00 to $765.00 and gave the stock a “buy” rating in a report on Thursday, March 28th. Bank of America raised their price objective on shares of Cintas from $700.00 to $790.00 and gave the company a “buy” rating in a research report on Thursday, March 28th. StockNews.com upgraded shares of Cintas from a “hold” rating to a “buy” rating in a research report on Monday, March 25th. Barclays lifted their price objective on shares of Cintas from $630.00 to $700.00 and gave the stock an “overweight” rating in a research note on Thursday, February 29th. Finally, Royal Bank of Canada lifted their price target on shares of Cintas from $675.00 to $725.00 and gave the company 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. According to data from MarketBeat, Cintas currently has an average rating of “Moderate Buy” and a consensus target price of $661.21.

Cintas Company 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.