Roman Butler Fullerton & Co. Purchases 242 Shares of Cintas Co. (NASDAQ:CTAS)

Roman Butler Fullerton & Co. grew its stake in shares of Cintas Co. (NASDAQ:CTAS) by 18.1% during the 4th quarter, HoldingsChannel reports. The institutional investor owned 1,579 shares of the business services provider’s stock after purchasing an additional 242 shares during the quarter. Roman Butler Fullerton & Co.’s holdings in Cintas were worth $944,000 at the end of the most recent reporting period.

Several other institutional investors and hedge funds have also recently modified their holdings of CTAS. Quarry LP grew its holdings in shares of Cintas by 221.1% in the first quarter. Quarry LP now owns 61 shares of the business services provider’s stock valued at $28,000 after purchasing an additional 42 shares in the last quarter. Janiczek Wealth Management LLC grew its holdings in shares of 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. Catalyst Capital Advisors LLC grew its holdings in shares of Cintas by 33.9% in the third quarter. Catalyst Capital Advisors LLC now owns 75 shares of the business services provider’s stock valued at $36,000 after purchasing an additional 19 shares in the last quarter. Sunbelt Securities Inc. purchased a new position in shares of Cintas in the first quarter valued at $36,000. Finally, Clearstead Advisors LLC purchased a new position in Cintas during the third quarter worth $39,000. Institutional investors own 63.46% of the company’s stock.

Cintas Stock Down 0.4 %

Cintas stock traded down $2.35 during trading hours on Thursday, reaching $666.16. The stock had a trading volume of 19,329 shares, compared to its average volume of 340,330. The company has a market cap of $67.53 billion, a price-to-earnings ratio of 45.94, a PEG ratio of 3.90 and a beta of 1.27. 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 business’s 50 day moving average price is $641.27 and its 200-day moving average price is $585.47. Cintas Co. has a 52 week low of $438.59 and a 52 week high of $704.84.

Cintas (NASDAQ:CTAS) last posted its quarterly earnings data 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 net margin of 15.98% and a return on equity of 37.19%. The firm had revenue of $2.41 billion for the quarter, compared to the consensus estimate of $2.39 billion. During the same quarter in the prior year, the company posted $3.14 earnings per share. The company’s revenue for the quarter was up 9.9% compared to the same quarter last year. Sell-side analysts anticipate that Cintas Co. will post 14.96 EPS for the current 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 issued a dividend of $1.35 per share. The ex-dividend date of this dividend is Tuesday, May 14th. This represents a $5.40 annualized dividend and a dividend yield of 0.81%. Cintas’s dividend payout ratio (DPR) is currently 37.29%.

Analysts Set New Price Targets

Several research analysts have commented on the stock. Stifel Nicolaus lifted their price objective on shares of Cintas from $526.00 to $585.00 and gave the stock a “hold” rating in a research note on Friday, December 22nd. Deutsche Bank Aktiengesellschaft lifted their price objective on shares of Cintas from $629.00 to $726.00 and gave the stock a “hold” rating in a research note on Thursday, March 28th. StockNews.com raised shares of Cintas from a “hold” rating to a “buy” rating in a research note on Monday, March 25th. JPMorgan Chase & Co. boosted their target price on shares of Cintas from $540.00 to $640.00 and gave the company an “overweight” rating in a research note on Friday, December 22nd. Finally, Barclays boosted their target price 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. Six investment analysts have rated the stock with a hold rating and nine have assigned a buy rating to the company’s stock. According to MarketBeat.com, the stock has an average rating of “Moderate Buy” and an average 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.