Signaturefd LLC Buys 627 Shares of Cintas Co. (NASDAQ:CTAS)

Signaturefd LLC grew its stake in shares of Cintas Co. (NASDAQ:CTAS) by 9.3% during the fourth quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The fund owned 7,363 shares of the business services provider’s stock after buying an additional 627 shares during the period. Signaturefd LLC’s holdings in Cintas were worth $1,345,000 as of its most recent filing with the Securities and Exchange Commission.

A number of other hedge funds and other institutional investors have also recently added to or reduced their stakes in the stock. Parallel Advisors LLC boosted its holdings in Cintas by 1.9% during the fourth quarter. Parallel Advisors LLC now owns 6,651 shares of the business services provider’s stock worth $1,215,000 after buying an additional 123 shares during the last quarter. Cibc World Markets Corp raised its position in shares of Cintas by 346.4% during the fourth quarter. Cibc World Markets Corp now owns 252,964 shares of the business services provider’s stock worth $46,217,000 after purchasing an additional 196,300 shares during the period. SlateStone Wealth LLC raised its position in shares of Cintas by 3.2% during the fourth quarter. SlateStone Wealth LLC now owns 6,500 shares of the business services provider’s stock worth $1,188,000 after purchasing an additional 200 shares during the period. Harbour Investments Inc. raised its position in shares of Cintas by 17.1% during the fourth quarter. Harbour Investments Inc. now owns 492 shares of the business services provider’s stock worth $90,000 after purchasing an additional 72 shares during the period. Finally, Envestnet Portfolio Solutions Inc. raised its position in shares of Cintas by 31.9% during the fourth quarter. Envestnet Portfolio Solutions Inc. now owns 23,643 shares of the business services provider’s stock worth $4,320,000 after purchasing an additional 5,724 shares during the period. Institutional investors own 63.46% of the company’s stock.

Cintas Stock Performance

NASDAQ:CTAS opened at $193.41 on Wednesday. The company has a debt-to-equity ratio of 0.47, a quick ratio of 1.38 and a current ratio of 1.58. Cintas Co. has a fifty-two week low of $155.89 and a fifty-two week high of $228.12. The company has a market cap of $78.05 billion, a price-to-earnings ratio of 46.63, a PEG ratio of 3.98 and a beta of 1.41. The stock has a fifty day moving average price of $200.31 and a 200-day moving average price of $209.11.

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

Cintas Announces Dividend

The business also recently disclosed a quarterly dividend, which was paid on Friday, March 14th. Stockholders of record on Friday, February 14th were paid a $0.39 dividend. This represents a $1.56 annualized dividend and a dividend yield of 0.81%. The ex-dividend date was Friday, February 14th. Cintas’s dividend payout ratio (DPR) is presently 37.59%.

Wall Street Analysts Forecast Growth

A number of equities research analysts have recently commented on CTAS shares. Royal Bank of Canada reaffirmed a “sector perform” rating and set a $215.00 price target on shares of Cintas in a research report on Friday, December 20th. Wells Fargo & Company dropped 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. Morgan Stanley lifted their target price on Cintas from $185.00 to $202.00 and gave the company an “equal weight” rating in a research report on Thursday, December 12th. UBS Group dropped their target price on Cintas from $240.00 to $218.00 and set a “buy” rating on the stock in a research report on Friday, December 20th. Finally, Citigroup started coverage on Cintas in a research report on Monday, February 24th. They issued a “sell” rating and a $161.00 target price on the stock. 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 company’s stock. Based on data from MarketBeat.com, the company presently has an average rating of “Hold” and an average 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.