Cintas Co. (NASDAQ:CTAS) Shares Purchased by Penobscot Investment Management Company Inc.

Penobscot Investment Management Company Inc. grew its holdings in shares of Cintas Co. (NASDAQ:CTAS) by 7.5% in the 4th quarter, HoldingsChannel.com reports. The firm owned 10,343 shares of the business services provider’s stock after purchasing an additional 725 shares during the period. Penobscot Investment Management Company Inc.’s holdings in Cintas were worth $6,233,000 at the end of the most recent reporting period.

Several other hedge funds also recently made changes to their positions in CTAS. Janiczek Wealth Management LLC lifted its position in shares of Cintas by 113.0% during the 4th quarter. Janiczek Wealth Management LLC now owns 49 shares of the business services provider’s stock valued at $30,000 after acquiring an additional 26 shares during the last quarter. Catalyst Capital Advisors LLC boosted its position in shares of 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 purchasing an additional 19 shares during the period. Raleigh Capital Management Inc. raised its holdings in Cintas by 66.7% during the 3rd quarter. Raleigh Capital Management Inc. now owns 85 shares of the business services provider’s stock worth $41,000 after buying an additional 34 shares during the period. Ancora Advisors LLC lifted its stake 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 buying an additional 85 shares in the last quarter. Finally, Operose Advisors LLC boosted its holdings in shares of Cintas by 944.4% in the third quarter. Operose Advisors LLC now owns 94 shares of the business services provider’s stock worth $45,000 after buying an additional 85 shares during the period. Institutional investors and hedge funds own 63.46% of the company’s stock.

Analyst Upgrades and Downgrades

A number of equities research analysts have recently issued reports on CTAS shares. UBS Group boosted their price target on shares of Cintas from $680.00 to $790.00 and gave the company a “buy” rating in a report on Thursday, March 28th. 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. Oppenheimer reiterated a “market perform” rating on shares of Cintas in a report on Monday, April 1st. Robert W. Baird upped their price target on Cintas from $660.00 to $750.00 and gave the company an “outperform” rating in a research report on Thursday, March 28th. Finally, The Goldman Sachs Group raised their price objective on Cintas from $673.00 to $765.00 and gave the stock a “buy” rating in a research report on Thursday, March 28th. Six research analysts have rated the stock with a hold rating and nine have given a buy rating to the company. According to MarketBeat.com, the company presently has an average rating of “Moderate Buy” and a consensus price target of $661.21.

Cintas Stock Down 0.5 %

Shares of CTAS stock traded down $3.59 on Tuesday, hitting $662.24. The company’s stock had a trading volume of 84,403 shares, compared to its average volume of 345,991. The stock has a market capitalization of $67.13 billion, a price-to-earnings ratio of 45.98, a P/E/G ratio of 3.90 and a beta of 1.27. Cintas Co. has a fifty-two week low of $454.70 and a fifty-two week high of $704.84. The firm’s fifty day moving average price is $649.24 and its 200-day moving average price is $595.62. 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 earnings results on Wednesday, March 27th. The business services provider reported $3.84 earnings per share (EPS) for the quarter, topping 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 during the quarter, compared to analysts’ expectations of $2.39 billion. During the same quarter in the prior year, the business earned $3.14 earnings per share. The company’s revenue was up 9.9% on a year-over-year basis. Research 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. Investors of record on Wednesday, May 15th will be paid a $1.35 dividend. The ex-dividend date is Tuesday, May 14th. This represents a $5.40 dividend on an annualized basis and a yield of 0.82%. Cintas’s payout ratio is presently 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.