Clarius Group LLC Acquires 126 Shares of Cintas Co. (NASDAQ:CTAS)

Clarius Group LLC boosted its holdings in shares of Cintas Co. (NASDAQ:CTAS) by 6.0% during the 4th quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 2,209 shares of the business services provider’s stock after buying an additional 126 shares during the quarter. Clarius Group LLC’s holdings in Cintas were worth $404,000 as of its most recent SEC filing.

A number of other large investors also recently bought and sold shares of CTAS. Mercer Global Advisors Inc. ADV lifted its stake in shares of Cintas by 1.0% during the 2nd quarter. Mercer Global Advisors Inc. ADV now owns 6,664 shares of the business services provider’s stock worth $5,053,000 after purchasing an additional 65 shares during the last quarter. Seven Eight Capital LP raised its holdings in Cintas by 28.2% in the second quarter. Seven Eight Capital LP now owns 486 shares of the business services provider’s stock worth $340,000 after purchasing an additional 107 shares in the last quarter. AE Wealth Management LLC lifted its position in shares of Cintas by 32.0% during the second quarter. AE Wealth Management LLC now owns 3,223 shares of the business services provider’s stock valued at $2,257,000 after buying an additional 781 shares during the last quarter. Sei Investments Co. boosted its holdings in shares of Cintas by 57.4% in the 2nd quarter. Sei Investments Co. now owns 38,848 shares of the business services provider’s stock valued at $27,202,000 after buying an additional 14,170 shares in the last quarter. Finally, Ensign Peak Advisors Inc grew its position in shares of Cintas by 4.6% in the 2nd quarter. Ensign Peak Advisors Inc now owns 61,158 shares of the business services provider’s stock worth $42,827,000 after buying an additional 2,703 shares during the last quarter. Institutional investors own 63.46% of the company’s stock.

Analyst Upgrades and Downgrades

A number of equities research analysts recently commented on CTAS shares. Jefferies Financial Group decreased their target price on shares of Cintas from $730.00 to $200.00 and set a “hold” rating for the company in a research report on Thursday, September 26th. The Goldman Sachs Group lowered their price objective on Cintas from $236.00 to $211.00 and set a “buy” rating for the company in a research report on Friday, December 20th. Wells Fargo & Company reduced their target price on Cintas from $191.00 to $184.00 and set an “underweight” rating on the stock in a research report on Friday, December 20th. UBS Group lowered their price target on Cintas from $240.00 to $218.00 and set a “buy” rating for the company in a report on Friday, December 20th. Finally, Barclays upped their price objective on shares of Cintas from $210.00 to $245.00 and gave the company an “overweight” rating in a report on Friday, September 27th. Two research analysts have rated the stock with a sell rating, nine have given a hold rating and six have issued a buy rating to the company. According to data from MarketBeat, Cintas has a consensus rating of “Hold” and a consensus target price of $198.46.

Cintas Stock Performance

NASDAQ CTAS opened at $198.31 on Monday. Cintas Co. has a fifty-two week low of $146.63 and a fifty-two week high of $228.12. 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 has a market capitalization of $80.03 billion, a P/E ratio of 47.81, a PEG ratio of 3.65 and a beta of 1.37. The stock has a 50-day simple moving average of $205.21 and a two-hundred day simple moving average of $205.14.

Cintas (NASDAQ:CTAS) last announced its quarterly earnings results on Thursday, December 19th. The business services provider reported $1.09 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $1.01 by $0.08. The company had revenue of $2.56 billion during the quarter, compared to the consensus estimate of $2.56 billion. Cintas had a return on equity of 40.62% and a net margin of 17.23%. Cintas’s revenue for the quarter was up 7.8% on a year-over-year basis. During the same period in the previous year, the company posted $3.61 earnings per share. On average, equities analysts forecast that Cintas Co. will post 4.31 earnings per share for the current year.

Cintas Dividend Announcement

The company also recently announced 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. This represents a $1.56 annualized dividend and a dividend yield of 0.79%. The ex-dividend date of this dividend is Friday, February 14th. Cintas’s payout ratio is currently 37.59%.

Cintas 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.