Motley Fool Asset Management LLC Purchases 8,946 Shares of Cintas Corporation $CTAS

Motley Fool Asset Management LLC grew its position in Cintas Corporation (NASDAQ:CTAS) by 26.6% in the fourth quarter, according to its most recent filing with the SEC. The fund owned 42,610 shares of the business services provider’s stock after acquiring an additional 8,946 shares during the period. Motley Fool Asset Management LLC’s holdings in Cintas were worth $8,014,000 as of its most recent filing with the SEC.

A number of other large investors also recently modified their holdings of CTAS. Nemes Rush Group LLC bought a new position in shares of Cintas in the 4th quarter valued at $25,000. Camelot Portfolios LLC bought a new position in shares of Cintas in the 4th quarter valued at $26,000. Key Capital Management INC bought a new position in shares of Cintas in the 4th quarter valued at $28,000. Triumph Capital Management bought a new position in shares of Cintas in the 3rd quarter valued at $29,000. Finally, Ares Financial Consulting LLC bought a new position in shares of Cintas in the 4th quarter valued at $32,000. 63.46% of the stock is currently owned by institutional investors.

Insider Transactions at Cintas

In related news, Director Ronald W. Tysoe sold 4,666 shares of the business’s stock in a transaction on Monday, April 20th. The shares were sold at an average price of $178.87, for a total value of $834,607.42. Following the transaction, the director owned 22,448 shares in the company, valued at $4,015,273.76. The trade was a 17.21% decrease in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at this hyperlink. 14.90% of the stock is currently owned by insiders.

Cintas Price Performance

Shares of NASDAQ:CTAS opened at $179.87 on Wednesday. The firm has a market cap of $71.96 billion, a PE ratio of 50.81, a price-to-earnings-growth ratio of 2.76 and a beta of 0.94. The firm’s fifty day moving average is $172.97 and its 200-day moving average is $184.39. The company has a debt-to-equity ratio of 0.51, a quick ratio of 1.74 and a current ratio of 1.98. Cintas Corporation has a 52 week low of $161.16 and a 52 week high of $226.75.

Cintas (NASDAQ:CTAS) last issued its quarterly earnings results on Wednesday, March 25th. The business services provider reported $1.24 EPS for the quarter, hitting analysts’ consensus estimates of $1.24. The company had revenue of $2.84 billion for the quarter, compared to analyst estimates of $2.82 billion. Cintas had a net margin of 17.57% and a return on equity of 41.47%. Cintas’s revenue was up 8.9% compared to the same quarter last year. During the same quarter in the previous year, the business earned $1.13 earnings per share. Sell-side analysts predict that Cintas Corporation will post 4.89 earnings per share for the current year.

Cintas Announces Dividend

The company also recently announced a quarterly dividend, which will be paid on Monday, June 15th. Investors of record on Friday, May 15th will be issued a $0.45 dividend. The ex-dividend date is Friday, May 15th. This represents a $1.80 annualized dividend and a yield of 1.0%. Cintas’s payout ratio is presently 50.85%.

Wall Street Analyst Weigh In

CTAS has been the subject of a number of research reports. Robert W. Baird upgraded Cintas from a “neutral” rating to an “outperform” rating and set a $250.00 price target for the company in a research note on Wednesday, March 11th. Citigroup dropped their price target on Cintas from $181.00 to $160.00 and set a “sell” rating for the company in a research note on Tuesday, March 31st. Stifel Nicolaus cut their price target on shares of Cintas from $222.00 to $190.00 and set a “hold” rating on the stock in a report on Thursday, March 26th. UBS Group reiterated a “buy” rating on shares of Cintas in a report on Thursday, March 12th. Finally, Weiss Ratings lowered shares of Cintas from a “buy (b-)” rating to a “hold (c+)” rating in a report on Wednesday, April 1st. One analyst has rated the stock with a Strong Buy rating, five have given a Buy rating, seven have assigned a Hold rating and one has given a Sell rating to the company’s stock. According to data from MarketBeat.com, Cintas currently has a consensus rating of “Hold” 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.