Cintas Co. (NASDAQ:CTAS) Holdings Increased by Harvest Fund Management Co. Ltd

Harvest Fund Management Co. Ltd grew its stake in shares of Cintas Co. (NASDAQ:CTAS) by 18.5% during the fourth quarter, according to its most recent filing with the Securities and Exchange Commission. The institutional investor owned 1,714 shares of the business services provider’s stock after buying an additional 268 shares during the quarter. Harvest Fund Management Co. Ltd’s holdings in Cintas were worth $1,033,000 as of its most recent filing with the Securities and Exchange Commission.

Other hedge funds and other institutional investors also recently made changes to their positions in the company. Janiczek Wealth Management LLC raised its holdings in shares of Cintas by 113.0% in the 4th quarter. Janiczek Wealth Management LLC now owns 49 shares of the business services provider’s stock worth $30,000 after purchasing an additional 26 shares in the last quarter. Catalyst Capital Advisors LLC raised its holdings in shares of Cintas by 33.9% in the 3rd quarter. Catalyst Capital Advisors LLC now owns 75 shares of the business services provider’s stock worth $36,000 after purchasing an additional 19 shares in the last quarter. Impact Partnership Wealth LLC raised its holdings in shares of Cintas by 2,050.0% in the 3rd quarter. Impact Partnership Wealth LLC now owns 86 shares of the business services provider’s stock worth $41,000 after purchasing an additional 82 shares in the last quarter. Raleigh Capital Management Inc. raised its holdings in shares of Cintas by 66.7% in the 3rd quarter. Raleigh Capital Management Inc. now owns 85 shares of the business services provider’s stock worth $41,000 after purchasing an additional 34 shares in the last quarter. Finally, Ancora Advisors LLC raised its holdings in shares of Cintas by 2,833.3% in the 3rd quarter. Ancora Advisors LLC now owns 88 shares of the business services provider’s stock worth $43,000 after purchasing an additional 85 shares in the last quarter. 63.46% of the stock is currently owned by institutional investors.

Analyst Ratings Changes

A number of equities research analysts have recently issued reports on the stock. Royal Bank of Canada boosted their price target on shares of Cintas from $675.00 to $725.00 and gave the company an “outperform” rating in a report on Thursday, March 28th. UBS Group boosted their price target on shares of Cintas from $680.00 to $790.00 and gave the company a “buy” rating in a report on Thursday, March 28th. Robert W. Baird boosted their price target on shares of Cintas from $660.00 to $750.00 and gave the company an “outperform” rating in a report on Thursday, March 28th. Deutsche Bank Aktiengesellschaft boosted their price target on shares of Cintas from $629.00 to $726.00 and gave the company a “hold” rating in a report on Thursday, March 28th. Finally, Oppenheimer restated a “market perform” rating on shares of Cintas in a report on Monday, April 1st. Six analysts have rated the stock with a hold rating and nine have issued a buy rating to the stock. Based on data from MarketBeat.com, the stock has an average rating of “Moderate Buy” and a consensus target price of $661.21.

Cintas Stock Performance

NASDAQ:CTAS traded up $1.33 during midday trading on Tuesday, reaching $666.33. The stock had a trading volume of 542,825 shares, compared to its average volume of 346,891. Cintas Co. has a 1-year low of $438.59 and a 1-year high of $704.84. The firm’s fifty day simple moving average is $645.27 and its 200-day simple moving average is $591.22. The company has a debt-to-equity ratio of 0.58, a current ratio of 2.38 and a quick ratio of 2.03. The stock has a market capitalization of $67.55 billion, a P/E ratio of 46.02, a PEG ratio of 3.87 and a beta of 1.27.

Cintas (NASDAQ:CTAS) last issued its quarterly earnings results on Wednesday, March 27th. The business services provider reported $3.84 earnings per share for the quarter, beating analysts’ consensus estimates of $3.58 by $0.26. Cintas had a net margin of 15.98% and a return on equity of 37.19%. The firm had revenue of $2.41 billion during the quarter, compared to the consensus estimate of $2.39 billion. During the same period in the prior year, the firm earned $3.14 EPS. The business’s revenue was up 9.9% on a year-over-year basis. On average, equities research analysts forecast that Cintas Co. will post 14.95 EPS for the current fiscal year.

Cintas Announces Dividend

The firm also recently disclosed a quarterly dividend, which will be paid on Friday, June 14th. Stockholders of record on Wednesday, May 15th will be issued a dividend of $1.35 per share. This represents a $5.40 dividend on an annualized basis and a dividend yield of 0.81%. The ex-dividend date of this dividend is Tuesday, May 14th. Cintas’s payout ratio is 37.29%.

Cintas Company Profile

Cintas Corporation provides 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.