J.Safra Asset Management Corp Invests $47,000 in Cintas Co. (NASDAQ:CTAS)

J.Safra Asset Management Corp purchased a new position in Cintas Co. (NASDAQ:CTAS) in the fourth quarter, HoldingsChannel reports. The firm purchased 256 shares of the business services provider’s stock, valued at approximately $47,000.

A number of other institutional investors also recently made changes to their positions in the stock. Souders Financial Advisors lifted its stake in shares of Cintas by 12.1% in the 4th quarter. Souders Financial Advisors now owns 2,522 shares of the business services provider’s stock worth $461,000 after acquiring an additional 273 shares during the period. Crew Capital Management Ltd. lifted its stake in shares of Cintas by 1.7% in the 4th quarter. Crew Capital Management Ltd. now owns 5,501 shares of the business services provider’s stock worth $1,005,000 after acquiring an additional 92 shares during the period. Keybank National Association OH lifted its stake in shares of Cintas by 0.8% in the 4th quarter. Keybank National Association OH now owns 29,904 shares of the business services provider’s stock worth $5,463,000 after acquiring an additional 243 shares during the period. Commerzbank Aktiengesellschaft FI lifted its stake in Cintas by 49.0% during the fourth quarter. Commerzbank Aktiengesellschaft FI now owns 1,955 shares of the business services provider’s stock valued at $360,000 after purchasing an additional 643 shares during the last quarter. Finally, Bahl & Gaynor Inc. lifted its stake in Cintas by 0.8% during the fourth quarter. Bahl & Gaynor Inc. now owns 845,804 shares of the business services provider’s stock valued at $154,528,000 after purchasing an additional 6,784 shares during the last quarter. 63.46% of the stock is owned by institutional investors and hedge funds.

Wall Street Analyst Weigh In

CTAS has been the subject of several recent research reports. Citigroup initiated coverage on shares of Cintas in a research note on Monday, February 24th. They set a “sell” rating and a $161.00 target price for the company. Royal Bank of Canada reissued a “sector perform” rating and set a $215.00 target price on shares of Cintas in a research note on Friday, December 20th. Wells Fargo & Company cut their target price on shares of Cintas from $191.00 to $184.00 and set an “underweight” rating for the company in a research note on Friday, December 20th. UBS Group cut their target price on shares of Cintas from $240.00 to $218.00 and set a “buy” rating for the company in a research note on Friday, December 20th. Finally, The Goldman Sachs Group cut their target price on shares of Cintas from $236.00 to $211.00 and set a “buy” rating for the company in a research note on Friday, December 20th. Two analysts have rated the stock with a sell rating, nine have issued a hold rating and six have given a buy rating to the company. Based on data from MarketBeat, the company currently has an average rating of “Hold” and an average price target of $199.79.

Cintas Stock Up 0.4 %

Cintas stock opened at $205.29 on Thursday. The firm has a market cap of $82.84 billion, a PE ratio of 49.50, a P/E/G ratio of 3.98 and a beta of 1.38. The company has a debt-to-equity ratio of 0.47, a quick ratio of 1.38 and a current ratio of 1.58. The firm’s 50 day moving average price is $198.20 and its two-hundred day moving average price is $209.12. Cintas Co. has a twelve month low of $154.15 and a twelve month high of $228.12.

Cintas (NASDAQ:CTAS) last released its quarterly earnings data on Thursday, December 19th. The business services provider reported $1.09 earnings per share for the quarter, beating the consensus estimate of $1.01 by $0.08. The firm had revenue of $2.56 billion for the quarter, compared to analyst estimates of $2.56 billion. Cintas had a net margin of 17.23% and a return on equity of 40.62%. The company’s revenue for the quarter was up 7.8% compared to the same quarter last year. During the same quarter in the prior year, the business earned $3.61 EPS. On average, research analysts predict that Cintas Co. will post 4.31 EPS for the current fiscal year.

Cintas Announces Dividend

The firm also recently declared a quarterly dividend, which will be paid on Friday, March 14th. Stockholders of record on Friday, February 14th will be paid a dividend of $0.39 per share. The ex-dividend date of this dividend is Friday, February 14th. This represents a $1.56 annualized dividend and a dividend yield of 0.76%. Cintas’s dividend payout ratio (DPR) is 37.59%.

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.