Capital Asset Advisory Services LLC Acquires 2,822 Shares of Cintas Corporation $CTAS

Capital Asset Advisory Services LLC grew its holdings in Cintas Corporation (NASDAQ:CTAS) by 17.6% during the fourth quarter, according to the company in its most recent Form 13F filing with the SEC. The institutional investor owned 18,832 shares of the business services provider’s stock after purchasing an additional 2,822 shares during the quarter. Capital Asset Advisory Services LLC’s holdings in Cintas were worth $3,529,000 as of its most recent filing with the SEC.

A number of other hedge funds and other institutional investors also recently made changes to their positions in CTAS. Triumph Capital Management bought a new position in shares of Cintas in the third quarter valued at about $29,000. Alpine Bank Wealth Management grew its holdings in 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. Aventura Private Wealth LLC acquired a new stake in Cintas in the 4th quarter valued at about $34,000. WPG Advisers LLC increased its position in Cintas by 90.0% in the 3rd quarter. WPG Advisers LLC now owns 171 shares of the business services provider’s stock valued at $35,000 after acquiring an additional 81 shares in the last quarter. Finally, Central Pacific Bank Trust Division raised its stake in shares of Cintas by 61.5% in the fourth quarter. Central Pacific Bank Trust Division now owns 189 shares of the business services provider’s stock worth $36,000 after acquiring an additional 72 shares during the last quarter. 63.46% of the stock is currently owned by institutional investors and hedge funds.

Wall Street Analyst Weigh In

Several analysts have recently commented on CTAS shares. UBS Group reissued a “buy” rating on shares of Cintas in a research note on Thursday, March 12th. Morgan Stanley dropped their price objective on shares of Cintas from $220.00 to $210.00 and set an “equal weight” rating for the company in a research report on Wednesday, December 17th. Bank of America started coverage on Cintas in a report on Tuesday, February 17th. They set a “neutral” rating and a $215.00 price objective on the stock. Argus upgraded Cintas to a “strong-buy” rating in a research report on Wednesday, January 21st. Finally, Royal Bank Of Canada restated a “sector perform” rating and set a $206.00 target price on shares of Cintas in a research report on Friday, December 19th. One analyst has rated the stock with a Strong Buy rating, seven have given a Buy rating, five have given a Hold rating and one has assigned a Sell rating to the stock. According to data from MarketBeat.com, Cintas currently has an average rating of “Moderate Buy” and an average price target of $220.25.

Cintas Trading Up 1.0%

NASDAQ CTAS opened at $181.21 on Tuesday. Cintas Corporation has a 12 month low of $177.94 and a 12 month high of $229.24. The stock has a 50-day simple moving average of $194.71 and a 200 day simple moving average of $192.27. The company has a current ratio of 1.71, a quick ratio of 1.49 and a debt-to-equity ratio of 0.54. The company has a market capitalization of $72.46 billion, a PE ratio of 52.83, a P/E/G ratio of 3.23 and a beta of 0.95.

Cintas Announces Dividend

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

Cintas 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.