Cyrus J. Lawrence LLC Takes $29,000 Position in Cintas Co. (NASDAQ:CTAS)

Cyrus J. Lawrence LLC bought a new stake in shares of Cintas Co. (NASDAQ:CTAS) in the 4th quarter, according to its most recent disclosure with the Securities and Exchange Commission. The fund bought 160 shares of the business services provider’s stock, valued at approximately $29,000.

Several other institutional investors have also recently made changes to their positions in CTAS. Thrivent Financial for Lutherans increased its holdings in shares of Cintas by 331.2% during the 3rd quarter. Thrivent Financial for Lutherans now owns 20,970 shares of the business services provider’s stock valued at $4,317,000 after purchasing an additional 16,107 shares in the last quarter. Banque Cantonale Vaudoise increased its holdings in shares of Cintas by 352.2% during the 3rd quarter. Banque Cantonale Vaudoise now owns 2,808 shares of the business services provider’s stock valued at $578,000 after purchasing an additional 2,187 shares in the last quarter. Avior Wealth Management LLC increased its holdings in shares of Cintas by 304.1% during the 3rd quarter. Avior Wealth Management LLC now owns 299 shares of the business services provider’s stock valued at $62,000 after purchasing an additional 225 shares in the last quarter. Advisors Asset Management Inc. increased its holdings in shares of Cintas by 372.4% during the 3rd quarter. Advisors Asset Management Inc. now owns 23,392 shares of the business services provider’s stock valued at $4,816,000 after purchasing an additional 18,440 shares in the last quarter. Finally, First Horizon Advisors Inc. increased its holdings in shares of Cintas by 346.0% during the 3rd quarter. First Horizon Advisors Inc. now owns 1,048 shares of the business services provider’s stock valued at $216,000 after purchasing an additional 813 shares in the last quarter. 63.46% of the stock is owned by hedge funds and other institutional investors.

Cintas Trading Down 1.7 %

Shares of CTAS stock opened at $191.17 on Friday. The company’s 50-day moving average price is $200.46 and its 200-day moving average price is $208.85. The company has a current ratio of 1.58, a quick ratio of 1.38 and a debt-to-equity ratio of 0.47. The stock has a market cap of $77.15 billion, a price-to-earnings ratio of 46.09, a PEG ratio of 3.98 and a beta of 1.41. Cintas Co. has a twelve month low of $158.10 and a twelve month high of $228.12.

Cintas (NASDAQ:CTAS) last announced its quarterly earnings results 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 analysts’ expectations of $2.56 billion. Cintas had a net margin of 17.23% and a return on equity of 40.62%. The company’s revenue was up 7.8% compared to the same quarter last year. During the same quarter in the previous year, the company posted $3.61 EPS. As a group, equities analysts predict that Cintas Co. will post 4.31 earnings per share for the current year.

Cintas Dividend Announcement

The company also recently declared a quarterly dividend, which was paid on Friday, March 14th. Stockholders of record on Friday, February 14th were given a dividend of $0.39 per share. The ex-dividend date was Friday, February 14th. This represents a $1.56 annualized dividend and a dividend yield of 0.82%. Cintas’s payout ratio is 37.59%.

Analysts Set New Price Targets

CTAS has been the topic of a number of research analyst reports. Morgan Stanley lifted their price target on shares of Cintas from $185.00 to $202.00 and gave the company an “equal weight” rating in a research note on Thursday, December 12th. Wells Fargo & Company dropped their price target on shares of Cintas from $191.00 to $184.00 and set an “underweight” rating on the stock in a research note on Friday, December 20th. UBS Group dropped their price target on shares of Cintas from $240.00 to $218.00 and set a “buy” rating on the stock in a research note on Friday, December 20th. The Goldman Sachs Group dropped their price target on shares of Cintas from $236.00 to $211.00 and set a “buy” rating on the stock in a research note on Friday, December 20th. Finally, Robert W. Baird dropped their price target on shares of Cintas from $209.00 to $200.00 and set a “neutral” rating on the stock in a research note on Friday, December 20th. Two investment analysts have rated the stock with a sell rating, nine have given a hold rating and six have issued a buy rating to the stock. According to data from MarketBeat, Cintas has an average rating of “Hold” and a consensus target price of $199.79.

About Cintas

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.