Cintas Co. (NASDAQ:CTAS) Shares Bought by First Foundation Advisors

First Foundation Advisors boosted its holdings in shares of Cintas Co. (NASDAQ:CTAS) by 12.0% in the fourth quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The fund owned 30,356 shares of the business services provider’s stock after acquiring an additional 3,246 shares during the period. First Foundation Advisors’ holdings in Cintas were worth $5,546,000 at the end of the most recent reporting period.

Other hedge funds and other institutional investors also recently added to or reduced their stakes in the company. Sound Income Strategies LLC acquired a new position in Cintas during the fourth quarter worth about $27,000. Cyrus J. Lawrence LLC acquired a new position in Cintas during the fourth quarter worth about $29,000. Endeavor Private Wealth Inc. acquired a new position in Cintas during the fourth quarter worth about $31,000. IAG Wealth Partners LLC raised its position in Cintas by 136.8% during the fourth quarter. IAG Wealth Partners LLC now owns 180 shares of the business services provider’s stock worth $33,000 after acquiring an additional 104 shares during the last quarter. Finally, Newbridge Financial Services Group Inc. acquired a new position in Cintas during the fourth quarter worth about $34,000. Institutional investors and hedge funds own 63.46% of the company’s stock.

Analyst Upgrades and Downgrades

A number of research firms have recently weighed in on CTAS. Citigroup began coverage on shares of Cintas in a research report on Monday, February 24th. They issued a “sell” rating and a $161.00 price objective for the company. Morgan Stanley boosted their target price on shares of Cintas from $195.00 to $213.00 and gave the company an “equal weight” rating in a report on Thursday, March 27th. UBS Group boosted their price objective on shares of Cintas from $218.00 to $240.00 and gave the stock a “buy” rating in a research note on Thursday, March 27th. Bank of America began coverage on shares of Cintas in a research note on Thursday. They issued a “buy” rating and a $250.00 target price for the company. Finally, Truist Financial upped their target price on shares of Cintas from $215.00 to $230.00 and gave the company a “buy” rating in a research note on Thursday, March 27th. Two research analysts have rated the stock with a sell rating, seven have given a hold rating and six have assigned a buy rating to the stock. According to data from MarketBeat.com, the company has an average rating of “Hold” and an average price target of $213.62.

Cintas Trading Down 0.4 %

Cintas stock opened at $203.24 on Thursday. The firm’s 50-day moving average is $200.97 and its 200-day moving average is $204.27. The company has a debt-to-equity ratio of 0.47, a quick ratio of 1.38 and a current ratio of 1.58. Cintas Co. has a 1 year low of $162.16 and a 1 year high of $228.12. The company has a market cap of $82.02 billion, a P/E ratio of 49.00, a PEG ratio of 3.98 and a beta of 1.20.

Cintas (NASDAQ:CTAS) last posted its quarterly earnings results on Wednesday, March 26th. The business services provider reported $1.13 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $1.05 by $0.08. Cintas had a net margin of 17.23% and a return on equity of 40.62%. The company had revenue of $2.61 billion for the quarter, compared to the consensus estimate of $2.60 billion. During the same period last year, the firm posted $3.84 EPS. The company’s revenue for the quarter was up 8.4% on a year-over-year basis. On average, equities analysts expect that Cintas Co. will post 4.31 earnings per share for the current year.

Cintas Dividend Announcement

The firm also recently disclosed a quarterly dividend, which will be paid on Friday, June 13th. Stockholders of record on Thursday, May 15th will be paid a $0.39 dividend. This represents a $1.56 annualized dividend and a dividend yield of 0.77%. Cintas’s dividend payout ratio is currently 36.11%.

Insider Transactions at Cintas

In other news, COO Jim Rozakis sold 2,000 shares of Cintas stock in a transaction that occurred 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 transaction, the chief operating officer now directly owns 256,528 shares of the company’s stock, valued at $48,835,235.36. This trade represents a 0.77 % decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which is available at this link. 15.00% of the stock is currently owned by insiders.

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.