Norden Group LLC Invests $225,000 in Cintas Co. (NASDAQ:CTAS)

Norden Group LLC purchased a new position in shares of Cintas Co. (NASDAQ:CTAS) during the 4th quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The fund purchased 373 shares of the business services provider’s stock, valued at approximately $225,000.

A number of other institutional investors and hedge funds have also recently bought and sold shares of CTAS. Janiczek Wealth Management LLC grew its holdings in 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 purchasing an additional 26 shares in the last quarter. Catalyst Capital Advisors LLC boosted its holdings in 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 during the last quarter. Raleigh Capital Management Inc. grew its stake in Cintas by 66.7% during the 3rd quarter. Raleigh Capital Management Inc. now owns 85 shares of the business services provider’s stock valued at $41,000 after purchasing an additional 34 shares in the last quarter. Ancora Advisors LLC raised its position in shares of Cintas by 2,833.3% in the 3rd quarter. Ancora Advisors LLC now owns 88 shares of the business services provider’s stock valued at $43,000 after purchasing an additional 85 shares in the last quarter. Finally, Operose Advisors LLC grew its position in shares of Cintas by 944.4% during 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 in the last quarter. Hedge funds and other institutional investors own 63.46% of the company’s stock.

Analyst Ratings Changes

A number of research analysts have commented on the stock. Royal Bank of Canada increased their price objective on shares of Cintas from $675.00 to $725.00 and gave the company an “outperform” rating in a research note on Thursday, March 28th. Oppenheimer restated a “market perform” rating on shares of Cintas in a research note on Monday, April 1st. The Goldman Sachs Group boosted their price target on Cintas from $673.00 to $765.00 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. Finally, UBS Group lifted 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. Six equities research analysts have rated the stock with a hold rating and nine have issued a buy rating to the stock. Based on data from MarketBeat, Cintas has a consensus rating of “Moderate Buy” and an average target price of $661.21.

Cintas Stock Up 0.8 %

Shares of CTAS stock opened at $663.59 on Thursday. The company has a debt-to-equity ratio of 0.58, a quick ratio of 2.03 and a current ratio of 2.38. The stock has a market cap of $67.27 billion, a PE ratio of 45.83, a price-to-earnings-growth ratio of 3.86 and a beta of 1.27. The business’s fifty day moving average is $651.02 and its 200-day moving average is $597.11. Cintas Co. has a 1 year low of $454.70 and a 1 year high of $704.84.

Cintas (NASDAQ:CTAS) last issued its quarterly earnings results on Wednesday, March 27th. The business services provider reported $3.84 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 business had revenue of $2.41 billion during the quarter, compared to the consensus estimate of $2.39 billion. During the same quarter in the prior year, the firm earned $3.14 EPS. The firm’s quarterly revenue was up 9.9% on a year-over-year basis. Equities analysts expect that Cintas Co. will post 14.95 earnings per share for the current fiscal year.

Cintas Announces Dividend

The firm also recently announced a quarterly dividend, which will be paid on Friday, June 14th. Shareholders of record on Wednesday, May 15th will be paid 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 yield of 0.81%. Cintas’s dividend payout ratio (DPR) is presently 37.29%.

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.