First American Trust FSB Has $385,000 Holdings in Cintas Co. (NASDAQ:CTAS)

First American Trust FSB grew its holdings in shares of Cintas Co. (NASDAQ:CTAS) by 25.8% during the 4th quarter, HoldingsChannel reports. The institutional investor owned 639 shares of the business services provider’s stock after purchasing an additional 131 shares during the period. First American Trust FSB’s holdings in Cintas were worth $385,000 as of its most recent SEC filing.

A number of other institutional investors and hedge funds also recently modified their holdings of the company. Columbus Macro LLC raised its holdings in shares of Cintas by 1.2% in the 4th quarter. Columbus Macro LLC now owns 1,453 shares of the business services provider’s stock valued at $871,000 after purchasing an additional 17 shares during the period. Quent Capital LLC raised its holdings in Cintas by 22.8% in the 4th quarter. Quent Capital LLC now owns 97 shares of the business services provider’s stock valued at $59,000 after acquiring an additional 18 shares during the period. Greenleaf Trust raised its holdings in Cintas by 1.0% in the 3rd quarter. Greenleaf Trust now owns 1,899 shares of the business services provider’s stock valued at $913,000 after acquiring an additional 19 shares during the period. Catalyst Capital Advisors LLC raised its holdings in Cintas by 33.9% in the 3rd 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. Finally, KMG Fiduciary Partners LLC raised its holdings in Cintas by 1.6% in the 3rd quarter. KMG Fiduciary Partners LLC now owns 1,338 shares of the business services provider’s stock valued at $644,000 after acquiring an additional 21 shares during the period. 63.46% of the stock is owned by institutional investors.

Wall Street Analysts Forecast Growth

A number of research analysts have issued reports on CTAS shares. StockNews.com upgraded shares of Cintas from a “hold” rating to a “buy” rating in a research report on Monday, March 25th. Barclays raised their price target on shares of Cintas from $630.00 to $700.00 and gave the company an “overweight” rating in a research note on Thursday, February 29th. Oppenheimer reiterated a “market perform” rating on shares of Cintas in a report on Monday, April 1st. Stifel Nicolaus upped their price objective on shares of Cintas from $526.00 to $585.00 and gave the stock a “hold” rating in a research report on Friday, December 22nd. Finally, JPMorgan Chase & Co. increased their target price on shares of Cintas from $540.00 to $640.00 and gave the stock an “overweight” rating in a research note on Friday, December 22nd. Six investment analysts have rated the stock with a hold rating and nine have issued a buy rating to the company. Based on data from MarketBeat.com, the stock has a consensus rating of “Moderate Buy” and an average price target of $661.21.

Cintas Trading Up 0.3 %

Cintas stock traded up $1.70 during trading hours on Tuesday, reaching $666.42. The stock had a trading volume of 38,985 shares, compared to its average volume of 341,146. The company has a fifty day simple moving average of $639.36 and a 200-day simple moving average of $583.58. Cintas Co. has a 52 week low of $438.59 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. The stock has a market cap of $67.55 billion, a PE ratio of 45.91, a PEG ratio of 3.91 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 EPS 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 firm had revenue of $2.41 billion during the quarter, compared to analysts’ expectations of $2.39 billion. During the same period last year, the company posted $3.14 EPS. The company’s quarterly revenue was up 9.9% compared to the same quarter last year. Analysts forecast that Cintas Co. will post 14.96 EPS for the current fiscal year.

Cintas Announces Dividend

The business also recently announced a quarterly dividend, which will be paid on Friday, June 14th. Stockholders 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 dividend yield of 0.81%. Cintas’s dividend payout ratio is 37.29%.

About Cintas

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.