Twin Capital Management Inc. Purchases 558 Shares of Cintas Co. (NASDAQ:CTAS)

Twin Capital Management Inc. raised its stake in shares of Cintas Co. (NASDAQ:CTAS) by 2.7% during the 4th quarter, according to its most recent filing with the Securities and Exchange Commission. The institutional investor owned 21,124 shares of the business services provider’s stock after acquiring an additional 558 shares during the quarter. Twin Capital Management Inc.’s holdings in Cintas were worth $3,859,000 at the end of the most recent reporting period.

A number of other institutional investors also recently added to or reduced their stakes in CTAS. Sound Income Strategies LLC acquired a new stake in Cintas in the fourth quarter worth about $27,000. Cyrus J. Lawrence LLC acquired a new stake in Cintas during the 4th quarter valued at approximately $29,000. Endeavor Private Wealth Inc. purchased a new stake in Cintas in the fourth quarter valued at $31,000. IAG Wealth Partners LLC grew its holdings 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 period. Finally, Newbridge Financial Services Group Inc. purchased a new position in shares of Cintas during the 4th quarter valued at approximately $34,000. Institutional investors own 63.46% of the company’s stock.

Cintas Price Performance

Cintas stock opened at $190.33 on Monday. The business has a fifty day moving average of $201.48 and a two-hundred day moving average of $204.57. 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 company has a market cap of $76.81 billion, a P/E ratio of 45.89, a price-to-earnings-growth ratio of 3.98 and a beta of 1.20. Cintas Co. has a one year low of $162.16 and a one year high of $228.12.

Cintas (NASDAQ:CTAS) last announced its quarterly earnings results on Wednesday, March 26th. The business services provider reported $1.13 EPS for the quarter, topping the consensus estimate of $1.05 by $0.08. Cintas had a return on equity of 40.62% and a net margin of 17.23%. The business had revenue of $2.61 billion for the quarter, compared to analyst estimates of $2.60 billion. During the same quarter in the previous year, the company earned $3.84 EPS. The company’s quarterly revenue was up 8.4% on a year-over-year basis. As a group, analysts predict that Cintas Co. will post 4.31 earnings per share for the current fiscal 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 paid a dividend of $0.39 per share. This represents a $1.56 annualized dividend and a dividend yield of 0.82%. The ex-dividend date of this dividend was Friday, February 14th. Cintas’s dividend payout ratio (DPR) is presently 36.11%.

Analyst Upgrades and Downgrades

CTAS has been the topic of a number of recent analyst reports. Wells Fargo & Company increased their target price on Cintas from $184.00 to $196.00 and gave the company an “underweight” rating in a research report on Thursday, March 27th. Robert W. Baird upped their price objective on shares of Cintas from $200.00 to $227.00 and gave the company a “neutral” rating in a research note on Thursday, March 27th. Citigroup assumed coverage on Cintas in a research note on Monday, February 24th. They set a “sell” rating and a $161.00 price objective on the stock. Royal Bank of Canada reaffirmed a “sector perform” rating and set a $215.00 target price on shares of Cintas in a research note on Thursday, March 27th. Finally, Morgan Stanley increased their price objective on Cintas from $195.00 to $213.00 and gave the stock an “equal weight” rating in a research report on Thursday, March 27th. Two research analysts have rated the stock with a sell rating, seven have assigned a hold rating and five have issued a buy rating to the company’s stock. Based on data from MarketBeat, Cintas presently has a consensus rating of “Hold” and an average target price of $210.58.

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.