Gradient Investments LLC Purchases 107,908 Shares of Cintas Corporation $CTAS

Gradient Investments LLC boosted its position in Cintas Corporation (NASDAQ:CTAS) by 9,549.4% in the 4th quarter, HoldingsChannel reports. The firm owned 109,038 shares of the business services provider’s stock after acquiring an additional 107,908 shares during the period. Gradient Investments LLC’s holdings in Cintas were worth $20,507,000 as of its most recent filing with the SEC.

A number of other institutional investors have also recently bought and sold shares of the business. Triumph Capital Management bought a new position in shares of Cintas during the 3rd quarter worth approximately $29,000. Alpine Bank Wealth Management increased its holdings in shares of Cintas by 1,092.9% during the 3rd quarter. Alpine Bank Wealth Management now owns 167 shares of the business services provider’s stock worth $34,000 after acquiring an additional 153 shares during the last quarter. WPG Advisers LLC increased its holdings in shares of Cintas by 90.0% during the 3rd quarter. WPG Advisers LLC now owns 171 shares of the business services provider’s stock worth $35,000 after acquiring an additional 81 shares during the last quarter. Aventura Private Wealth LLC bought a new stake in Cintas in the 4th quarter valued at $34,000. Finally, Salomon & Ludwin LLC raised its stake in Cintas by 84.0% in the 3rd quarter. Salomon & Ludwin LLC now owns 184 shares of the business services provider’s stock valued at $37,000 after acquiring an additional 84 shares during the period. Institutional investors and hedge funds own 63.46% of the company’s stock.

Wall Street Analyst Weigh In

A number of equities analysts have commented on CTAS shares. Wells Fargo & Company raised shares of Cintas from a “cautious” rating to an “overweight” rating and lifted their price objective for the stock from $205.00 to $245.00 in a research report on Wednesday, January 14th. Morgan Stanley cut their target price on shares of Cintas from $220.00 to $210.00 and set an “equal weight” rating for the company in a research note on Wednesday, December 17th. Bank of America initiated coverage on shares of Cintas in a report on Tuesday, February 17th. They set a “neutral” rating and a $215.00 target price for the company. UBS Group reiterated a “buy” rating on shares of Cintas in a research note on Thursday, March 12th. Finally, Robert W. Baird raised shares of Cintas from a “neutral” rating to an “outperform” rating and set a $250.00 price target on the stock in a report on Wednesday, March 11th. One equities research analyst has rated the stock with a Strong Buy rating, seven have issued a Buy rating, five have given a Hold rating and one has issued a Sell rating to the company. According to MarketBeat.com, the company presently has a consensus rating of “Moderate Buy” and a consensus price target of $220.25.

Cintas Stock Down 1.4%

CTAS stock opened at $179.34 on Monday. The company has a debt-to-equity ratio of 0.54, a current ratio of 1.71 and a quick ratio of 1.49. The stock has a market capitalization of $71.72 billion, a price-to-earnings ratio of 52.29, a PEG ratio of 3.23 and a beta of 0.95. The business’s fifty day moving average price is $194.95 and its two-hundred day moving average price is $192.45. Cintas Corporation has a fifty-two week low of $177.94 and a fifty-two week high of $229.24.

Cintas (NASDAQ:CTAS) last announced its earnings results on Thursday, December 18th. The business services provider reported $1.21 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $1.20 by $0.01. Cintas had a net margin of 17.58% and a return on equity of 41.07%. The company had revenue of $2.80 billion during the quarter, compared to analysts’ expectations of $2.77 billion. During the same quarter in the previous year, the business posted $1.09 earnings per share. Cintas’s quarterly revenue was up 9.3% on a year-over-year basis. On average, equities analysts anticipate that Cintas Corporation will post 4.31 earnings per share for the current year.

Cintas Announces Dividend

The firm also recently disclosed a quarterly dividend, which was paid on Friday, March 13th. Shareholders of record on Friday, February 13th were paid a $0.45 dividend. The ex-dividend date was Friday, February 13th. This represents a $1.80 annualized dividend and a yield of 1.0%. Cintas’s payout ratio is 52.48%.

Cintas Company Profile

Cintas Corporation (NASDAQ: CTAS) is a provider of business services and products focused on workplace appearance, safety and facility maintenance. The company is best known for its uniform rental and corporate apparel programs, which include rental, leasing and direct-purchase options, laundering and garment repair. Cintas markets its services to a wide range of end-users, including manufacturing, food service, healthcare, hospitality, retail and government customers.

Beyond uniforms, Cintas offers a suite of facility services and products designed to help organizations maintain clean, safe and compliant workplaces.