Syon Capital LLC Boosts Stock Position in Cintas Co. (NASDAQ:CTAS)

Syon Capital LLC increased its holdings in shares of Cintas Co. (NASDAQ:CTAS) by 16.1% during the fourth quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor owned 685 shares of the business services provider’s stock after buying an additional 95 shares during the period. Syon Capital LLC’s holdings in Cintas were worth $413,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

A number of other institutional investors have also recently added to or reduced their stakes in the stock. Invesco Ltd. raised its position in shares of Cintas by 17.4% in the third quarter. Invesco Ltd. now owns 1,025,615 shares of the business services provider’s stock valued at $493,331,000 after buying an additional 151,783 shares during the last quarter. American Century Companies Inc. grew its stake in shares of Cintas by 40.7% in the 3rd quarter. American Century Companies Inc. now owns 488,574 shares of the business services provider’s stock valued at $235,009,000 after buying an additional 141,375 shares during the period. FMR LLC increased its holdings in shares of Cintas by 5.5% during the 3rd quarter. FMR LLC now owns 2,352,581 shares of the business services provider’s stock worth $1,131,615,000 after buying an additional 123,468 shares during the last quarter. Acadian Asset Management LLC increased its holdings in shares of Cintas by 257.8% during the 3rd quarter. Acadian Asset Management LLC now owns 145,520 shares of the business services provider’s stock worth $69,978,000 after buying an additional 104,854 shares during the last quarter. Finally, Nordea Investment Management AB raised its position in shares of Cintas by 16.6% during the 4th quarter. Nordea Investment Management AB now owns 600,311 shares of the business services provider’s stock valued at $360,637,000 after buying an additional 85,662 shares during the period. Institutional investors and hedge funds own 63.46% of the company’s stock.

Cintas Stock Up 0.1 %

Shares of NASDAQ:CTAS opened at $666.23 on Friday. The firm has a 50 day simple moving average of $648.22 and a 200-day simple moving average of $593.38. Cintas Co. has a twelve month low of $440.01 and a twelve month high of $704.84. The company has a current ratio of 2.38, a quick ratio of 2.03 and a debt-to-equity ratio of 0.58. The company has a market capitalization of $67.54 billion, a PE ratio of 46.01, a P/E/G ratio of 3.90 and a beta of 1.27.

Cintas (NASDAQ:CTAS) last issued its quarterly earnings data on Wednesday, March 27th. The business services provider reported $3.84 earnings per share (EPS) for the quarter, topping the consensus estimate of $3.58 by $0.26. Cintas had a return on equity of 37.19% and a net margin of 15.98%. The company had revenue of $2.41 billion for the quarter, compared to analyst estimates of $2.39 billion. During the same quarter last year, the company posted $3.14 earnings per share. The business’s quarterly revenue was up 9.9% compared to the same quarter last year. On average, equities analysts predict that Cintas Co. will post 14.95 EPS for the current fiscal year.

Cintas Announces Dividend

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

Analyst Ratings Changes

Several equities analysts have recently commented on CTAS shares. StockNews.com raised Cintas from a “hold” rating to a “buy” rating in a research note on Monday, March 25th. UBS Group upped their price objective on Cintas from $680.00 to $790.00 and gave the stock a “buy” rating in a research report on Thursday, March 28th. Barclays lifted their target price on Cintas from $630.00 to $700.00 and gave the company an “overweight” rating in a report on Thursday, February 29th. The Goldman Sachs Group upped their price target on Cintas from $673.00 to $765.00 and gave the stock a “buy” rating in a report on Thursday, March 28th. Finally, Bank of America lifted their price objective on Cintas from $700.00 to $790.00 and gave the company a “buy” rating in a research note on Thursday, March 28th. Six equities research analysts have rated the stock with a hold rating and nine have assigned a buy rating to the company. According to MarketBeat, the company has an average rating of “Moderate Buy” and a consensus target price of $661.21.

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.