Cintas Corporation $CTAS Shares Purchased by Mn Services Vermogensbeheer B.V.

Mn Services Vermogensbeheer B.V. boosted its stake in shares of Cintas Corporation (NASDAQ:CTAS) by 2.6% during the fourth quarter, HoldingsChannel.com reports. The firm owned 140,929 shares of the business services provider’s stock after acquiring an additional 3,529 shares during the period. Mn Services Vermogensbeheer B.V.’s holdings in Cintas were worth $26,505,000 at the end of the most recent quarter.

Other hedge funds also recently made changes to their positions in the company. Beacon Investment Advisors LLC grew its stake in shares of Cintas by 3.2% during the 2nd quarter. Beacon Investment Advisors LLC now owns 1,725 shares of the business services provider’s stock valued at $381,000 after buying an additional 53 shares during the period. Woodward Diversified Capital LLC raised its position in shares of Cintas by 4.7% in the 3rd quarter. Woodward Diversified Capital LLC now owns 1,229 shares of the business services provider’s stock worth $252,000 after buying an additional 55 shares during the period. Continuum Advisory LLC boosted its holdings in Cintas by 0.8% in the third quarter. Continuum Advisory LLC now owns 6,894 shares of the business services provider’s stock valued at $1,415,000 after acquiring an additional 56 shares during the last quarter. Mather Group LLC. boosted its holdings in Cintas by 1.4% in the fourth quarter. Mather Group LLC. now owns 4,381 shares of the business services provider’s stock valued at $824,000 after acquiring an additional 59 shares during the last quarter. Finally, Oakworth Capital Inc. grew its position in Cintas by 4.8% during the third quarter. Oakworth Capital Inc. now owns 1,300 shares of the business services provider’s stock valued at $267,000 after acquiring an additional 60 shares during the period. Institutional investors and hedge funds own 63.46% of the company’s stock.

Cintas Stock Up 0.3%

Shares of NASDAQ CTAS opened at $169.14 on Wednesday. The stock has a fifty day moving average price of $191.92 and a 200 day moving average price of $190.93. The company has a current ratio of 1.98, a quick ratio of 1.74 and a debt-to-equity ratio of 0.51. Cintas Corporation has a 12-month low of $165.60 and a 12-month high of $229.24. The company has a market cap of $67.64 billion, a P/E ratio of 47.78, a P/E/G ratio of 3.02 and a beta of 0.95.

Cintas (NASDAQ:CTAS) last issued its quarterly earnings data on Wednesday, March 25th. The business services provider reported $1.24 EPS for the quarter, hitting analysts’ consensus estimates of $1.24. Cintas had a return on equity of 41.47% and a net margin of 17.57%.The company had revenue of $2.84 billion for the quarter, compared to analysts’ expectations of $2.82 billion. During the same quarter in the previous year, the firm posted $1.13 earnings per share. The firm’s quarterly revenue was up 8.9% on a year-over-year basis. Research analysts anticipate that Cintas Corporation will post 4.31 EPS for the current fiscal year.

Cintas Dividend Announcement

The business also recently declared a quarterly dividend, which was paid on Friday, March 13th. Investors of record on Friday, February 13th were given a dividend of $0.45 per share. The ex-dividend date of this dividend was Friday, February 13th. This represents a $1.80 annualized dividend and a yield of 1.1%. Cintas’s payout ratio is 50.85%.

Analyst Ratings Changes

Several equities research analysts have commented on CTAS shares. Bank of America assumed coverage on Cintas in a research note on Tuesday, February 17th. They set a “neutral” rating and a $215.00 price target for the company. Weiss Ratings raised Cintas from a “hold (c+)” rating to a “buy (b-)” rating in a research note on Tuesday, March 17th. Royal Bank Of Canada reiterated a “sector perform” rating and set a $206.00 target price on shares of Cintas in a report on Friday, December 19th. Argus raised shares of Cintas to a “strong-buy” rating in a research report on Wednesday, January 21st. Finally, Wells Fargo & Company upgraded shares of Cintas from a “cautious” rating to an “overweight” rating and raised their price target for the company from $205.00 to $245.00 in a report on Wednesday, January 14th. One investment analyst has rated the stock with a Strong Buy rating, six have given a Buy rating, six have assigned a Hold rating and one has issued a Sell rating to the stock. According to MarketBeat.com, Cintas presently has a consensus rating of “Moderate Buy” and a consensus target price of $215.17.

Cintas Company Profile

Cintas Corporation (NASDAQ: CTAS) is a provider of business services and products focused on workplace appearance, safety and facility maintenance. The company is best known for its uniform rental and corporate apparel programs, which include rental, leasing and direct-purchase options, laundering and garment repair. Cintas markets its services to a wide range of end-users, including manufacturing, food service, healthcare, hospitality, retail and government customers.

Beyond uniforms, Cintas offers a suite of facility services and products designed to help organizations maintain clean, safe and compliant workplaces.