Cintas Co. (NASDAQ:CTAS) Shares Purchased by Welch & Forbes LLC


Share on StockTwits

Welch & Forbes LLC grew its stake in shares of Cintas Co. (NASDAQ:CTAS) by 0.7% during the 1st quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor owned 48,252 shares of the business services provider’s stock after acquiring an additional 314 shares during the quarter. Welch & Forbes LLC’s holdings in Cintas were worth $16,469,000 as of its most recent SEC filing.

A number of other large investors have also modified their holdings of CTAS. Catalyst Capital Advisors LLC acquired a new position in Cintas in the 4th quarter worth approximately $26,000. Phoenix Wealth Advisors acquired a new position in Cintas in the 4th quarter worth approximately $28,000. Alpha Paradigm Partners LLC acquired a new position in Cintas in the 4th quarter worth approximately $30,000. Childress Capital Advisors LLC acquired a new position in Cintas in the 4th quarter worth approximately $30,000. Finally, Luken Investment Analytics LLC acquired a new position in Cintas in the 4th quarter worth approximately $35,000. Institutional investors own 64.08% of the company’s stock.

Several research firms have commented on CTAS. Morgan Stanley upped their price objective on Cintas from $324.00 to $333.00 and gave the stock an “equal weight” rating in a research report on Wednesday, March 24th. William Blair upgraded Cintas from a “market perform” rating to an “outperform” rating in a research report on Tuesday, February 16th. Stifel Nicolaus upped their price objective on Cintas from $323.00 to $365.00 and gave the stock a “hold” rating in a research report on Wednesday, December 23rd. Northcoast Research restated a “neutral” rating on shares of Cintas in a research report on Wednesday, December 23rd. Finally, Royal Bank of Canada upped their price objective on Cintas from $360.00 to $405.00 and gave the stock an “outperform” rating in a research report on Wednesday, December 23rd. They noted that the move was a valuation call. One investment analyst has rated the stock with a sell rating, six have issued a hold rating and five have given a buy rating to the company’s stock. The company currently has a consensus rating of “Hold” and an average price target of $329.78.

Shares of NASDAQ:CTAS traded down $0.83 during midday trading on Friday, reaching $351.03. 1,668 shares of the company’s stock traded hands, compared to its average volume of 455,245. The company has a fifty day simple moving average of $343.47 and a two-hundred day simple moving average of $343.28. The company has a debt-to-equity ratio of 0.64, a quick ratio of 1.70 and a current ratio of 2.06. The company has a market cap of $36.87 billion, a P/E ratio of 39.49, a PEG ratio of 3.53 and a beta of 1.49. Cintas Co. has a 1 year low of $186.49 and a 1 year high of $369.20.

Cintas (NASDAQ:CTAS) last announced its quarterly earnings data on Tuesday, March 16th. The business services provider reported $2.37 earnings per share for the quarter, beating analysts’ consensus estimates of $2.22 by $0.15. The company had revenue of $1.78 billion for the quarter, compared to analyst estimates of $1.76 billion. Cintas had a return on equity of 28.02% and a net margin of 13.90%. The firm’s revenue for the quarter was down 1.9% on a year-over-year basis. During the same quarter last year, the firm posted $2.16 EPS. As a group, research analysts forecast that Cintas Co. will post 9.49 EPS for the current fiscal year.

The company also recently disclosed a quarterly dividend, which will be paid on Tuesday, June 15th. Shareholders of record on Saturday, May 15th will be issued a $0.75 dividend. The ex-dividend date is Thursday, May 13th. This represents a $3.00 dividend on an annualized basis and a yield of 0.85%. Cintas’s payout ratio is currently 36.99%.

Cintas Company Profile

Cintas Corp. engages in the provision of corporate identity uniform through rental and sales programs. It operates through the following segments: Uniform Rental and Facility Services, First Aid and Safety Services, All Other, and Corporate. The Uniform Rental and Facility Services segment consists of rental and servicing of uniforms and other garments including flame resistant clothing, mats, mops and shop towels, and other ancillary items.

Further Reading: What is the operating income formula?

Want to see what other hedge funds are holding CTAS? Visit HoldingsChannel.com to get the latest 13F filings and insider trades for Cintas Co. (NASDAQ:CTAS).

Institutional Ownership by Quarter for Cintas (NASDAQ:CTAS)

Receive News & Ratings for Cintas Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Cintas and related companies with MarketBeat.com's FREE daily email newsletter.