Crew Capital Management Ltd. Has $1.20 Million Holdings in Cintas Corporation (NASDAQ:CTAS)

Crew Capital Management Ltd. lifted its holdings in Cintas Corporation (NASDAQ:CTAS) by 5.8% during the 1st quarter, Holdings Channel reports. The fund owned 5,822 shares of the business services provider’s stock after acquiring an additional 321 shares during the quarter. Cintas makes up approximately 1.0% of Crew Capital Management Ltd.’s portfolio, making the stock its 25th biggest position. Crew Capital Management Ltd.’s holdings in Cintas were worth $1,197,000 as of its most recent SEC filing.

Several other institutional investors and hedge funds have also modified their holdings of the business. MJP Associates Inc. ADV boosted its holdings in shares of Cintas by 2.1% in the 4th quarter. MJP Associates Inc. ADV now owns 2,412 shares of the business services provider’s stock worth $441,000 after acquiring an additional 50 shares in the last quarter. TIAA Trust National Association lifted its holdings in Cintas by 1.0% during the 4th quarter. TIAA Trust National Association now owns 5,380 shares of the business services provider’s stock worth $983,000 after buying an additional 52 shares in the last quarter. Wellspring Financial Advisors LLC lifted its holdings in Cintas by 4.6% during the 4th quarter. Wellspring Financial Advisors LLC now owns 1,171 shares of the business services provider’s stock worth $214,000 after buying an additional 52 shares in the last quarter. Johnson Financial Group Inc. lifted its holdings in Cintas by 7.7% during the 4th quarter. Johnson Financial Group Inc. now owns 728 shares of the business services provider’s stock worth $146,000 after buying an additional 52 shares in the last quarter. Finally, Portside Wealth Group LLC lifted its holdings in Cintas by 4.2% during the 1st quarter. Portside Wealth Group LLC now owns 1,314 shares of the business services provider’s stock worth $270,000 after buying an additional 53 shares in the last quarter. 63.46% of the stock is owned by institutional investors and hedge funds.

Cintas Stock Performance

Shares of Cintas stock opened at $218.83 on Friday. The firm has a fifty day moving average of $220.01 and a two-hundred day moving average of $206.00. The stock has a market capitalization of $88.36 billion, a price-to-earnings ratio of 50.68, a PEG ratio of 3.42 and a beta of 1.05. Cintas Corporation has a 52 week low of $176.60 and a 52 week high of $229.24. The company has a debt-to-equity ratio of 0.44, a quick ratio of 1.50 and a current ratio of 1.72.

Cintas Announces Dividend

The firm also recently announced a quarterly dividend, which was paid on Friday, June 13th. Shareholders of record on Thursday, May 15th were given a dividend of $0.39 per share. This represents a $1.56 annualized dividend and a dividend yield of 0.71%. The ex-dividend date of this dividend was Thursday, May 15th. Cintas’s payout ratio is 36.11%.

Insider Buying and Selling at Cintas

In related news, COO Jim Rozakis sold 2,000 shares of the company’s stock in a transaction on Monday, April 7th. The shares were sold at an average price of $190.37, for a total value of $380,740.00. Following the completion of the sale, the chief operating officer owned 256,528 shares in the company, valued at $48,835,235.36. This represents a 0.77% decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at this link. Also, Director Ronald W. Tysoe sold 8,521 shares of the company’s stock in a transaction on Monday, April 14th. The shares were sold at an average price of $208.96, for a total transaction of $1,780,548.16. Following the completion of the sale, the director owned 27,029 shares of the company’s stock, valued at approximately $5,647,979.84. This represents a 23.97% decrease in their position. The disclosure for this sale can be found here. Insiders own 15.00% of the company’s stock.

Wall Street Analysts Forecast Growth

Several research firms have issued reports on CTAS. Robert W. Baird upped their price objective on Cintas from $200.00 to $227.00 and gave the stock a “neutral” rating in a report on Thursday, March 27th. Redburn Atlantic downgraded Cintas from a “neutral” rating to a “sell” rating and set a $171.00 price objective on the stock. in a report on Thursday, May 1st. Argus raised Cintas to a “strong-buy” rating in a report on Wednesday, April 16th. The Goldman Sachs Group upped their price objective on Cintas from $233.00 to $257.00 and gave the stock a “buy” rating in a report on Wednesday. Finally, Morgan Stanley upped their price objective on Cintas from $195.00 to $213.00 and gave the stock an “equal weight” rating in a report on Thursday, March 27th. Two investment analysts have rated the stock with a sell rating, seven have assigned a hold rating, five have given a buy rating and one has issued a strong buy rating to the company’s stock. According to MarketBeat.com, Cintas has an average rating of “Hold” and a consensus price target of $219.58.

Cintas Company Profile

Cintas Corporation engages in the provision of 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.