Waldron Private Wealth LLC Makes New $222,000 Investment in Cintas Co. (NASDAQ:CTAS)

Waldron Private Wealth LLC purchased a new stake in Cintas Co. (NASDAQ:CTAS) in the fourth quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The firm purchased 369 shares of the business services provider’s stock, valued at approximately $222,000.

Other hedge funds and other institutional investors also recently modified their holdings of the company. Simplicity Solutions LLC lifted its stake in Cintas by 117.7% in the 4th quarter. Simplicity Solutions LLC now owns 3,224 shares of the business services provider’s stock valued at $1,943,000 after purchasing an additional 1,743 shares during the last quarter. Louisiana State Employees Retirement System acquired a new stake in shares of Cintas in the fourth quarter valued at approximately $8,015,000. Comerica Bank acquired a new stake in shares of Cintas in the third quarter valued at approximately $10,866,000. Nordea Investment Management AB boosted its stake in shares of Cintas by 16.6% during the 4th quarter. Nordea Investment Management AB now owns 600,311 shares of the business services provider’s stock worth $360,637,000 after acquiring an additional 85,662 shares during the period. Finally, Zions Bancorporation N.A. increased its holdings in shares of Cintas by 8.6% during the 3rd quarter. Zions Bancorporation N.A. now owns 3,461 shares of the business services provider’s stock worth $1,665,000 after acquiring an additional 273 shares during the last quarter. Institutional investors own 63.46% of the company’s stock.

Cintas Trading Up 0.3 %

CTAS opened at $666.56 on Wednesday. The company has a market cap of $67.57 billion, a P/E ratio of 46.03, a PEG ratio of 3.91 and a beta of 1.27. The company has a current ratio of 2.38, a quick ratio of 2.03 and a debt-to-equity ratio of 0.58. The company’s 50 day moving average is $640.34 and its 200-day moving average is $584.89. Cintas Co. has a 1-year low of $438.59 and a 1-year high of $704.84.

Cintas (NASDAQ:CTAS) last issued 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 business 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 firm earned $3.14 EPS. The business’s revenue for the quarter was up 9.9% compared to the same quarter last year. Equities research analysts predict that Cintas Co. will post 14.96 earnings per share for the current fiscal year.

Cintas Dividend Announcement

The business also recently announced a quarterly dividend, which will be paid on Friday, June 14th. Investors of record on Wednesday, May 15th will be issued a $1.35 dividend. This represents a $5.40 annualized dividend and a yield of 0.81%. The ex-dividend date of this dividend is Tuesday, May 14th. Cintas’s payout ratio is presently 37.29%.

Wall Street Analyst Weigh In

A number of equities analysts have commented on CTAS shares. UBS Group lifted their price objective on shares of Cintas from $680.00 to $790.00 and gave the stock 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 note on Monday, March 25th. Deutsche Bank Aktiengesellschaft increased their price target on shares of Cintas from $629.00 to $726.00 and gave the company a “hold” rating in a report on Thursday, March 28th. Oppenheimer restated a “market perform” rating on shares of Cintas in a report on Monday, April 1st. Finally, Barclays increased their target price on Cintas from $630.00 to $700.00 and gave the stock an “overweight” rating in a research note on Thursday, February 29th. Six equities research analysts have rated the stock with a hold rating and nine have issued a buy rating to the company’s stock. According to MarketBeat.com, the stock currently has a consensus rating of “Moderate Buy” and an average price target 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.