Aptus Capital Advisors LLC Purchases 3,379 Shares of Cintas Corporation $CTAS

Aptus Capital Advisors LLC raised its position in Cintas Corporation (NASDAQ:CTAS) by 3.1% during the 4th quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The firm owned 112,745 shares of the business services provider’s stock after buying an additional 3,379 shares during the quarter. Aptus Capital Advisors LLC’s holdings in Cintas were worth $21,204,000 at the end of the most recent quarter.

Other hedge funds have also recently bought and sold shares of the company. Nemes Rush Group LLC bought a new position in Cintas in the 4th quarter valued at about $25,000. Swiss RE Ltd. acquired a new stake in shares of Cintas in the 4th quarter valued at approximately $25,000. Triumph Capital Management acquired a new stake in shares of Cintas in the 3rd quarter valued at approximately $29,000. Camelot Portfolios LLC acquired a new stake in shares of Cintas in the 4th quarter valued at approximately $26,000. Finally, Key Capital Management INC acquired a new stake in shares of Cintas in the 4th quarter valued at approximately $28,000. 63.46% of the stock is owned by institutional investors.

Analysts Set New Price Targets

A number of equities research analysts have recently weighed in on CTAS shares. Robert W. Baird upgraded shares of Cintas from a “neutral” rating to an “outperform” rating and set a $250.00 price target on the stock in a research note on Wednesday, March 11th. UBS Group restated a “buy” rating on shares of Cintas in a research note on Thursday, March 12th. Stifel Nicolaus reduced their price target on shares of Cintas from $222.00 to $190.00 and set a “hold” rating on the stock in a research note on Thursday, March 26th. Bank of America started coverage on shares of Cintas in a research note on Tuesday, February 17th. They issued a “neutral” rating and a $215.00 price target on the stock. Finally, Weiss Ratings downgraded shares of Cintas from a “buy (b-)” rating to a “hold (c+)” rating in a research note on Wednesday, April 1st. One equities research analyst has rated the stock with a Strong Buy rating, five have given a Buy rating, seven have issued a Hold rating and one has issued a Sell rating to the company. According to data from MarketBeat, the stock presently has a consensus rating of “Hold” and a consensus target price of $215.17.

Insider Activity

In other news, Director Ronald W. Tysoe sold 4,666 shares of the business’s stock in a transaction that occurred on Monday, April 20th. The shares were sold at an average price of $178.87, for a total value of $834,607.42. Following the transaction, the director owned 22,448 shares in the company, valued at approximately $4,015,273.76. The trade was a 17.21% decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. Company insiders own 14.90% of the company’s stock.

Cintas Stock Down 3.1%

Shares of NASDAQ CTAS opened at $176.28 on Friday. The company has a market capitalization of $70.53 billion, a P/E ratio of 49.80, a price-to-earnings-growth ratio of 2.80 and a beta of 0.94. Cintas Corporation has a 52-week low of $161.16 and a 52-week high of $226.75. The company has a debt-to-equity ratio of 0.51, a quick ratio of 1.74 and a current ratio of 1.98. The company’s 50 day moving average price is $173.55 and its 200-day moving average price is $184.29.

Cintas (NASDAQ:CTAS) last issued its quarterly earnings results on Wednesday, March 25th. The business services provider reported $1.24 earnings per share (EPS) for the quarter, hitting analysts’ consensus estimates of $1.24. The firm had revenue of $2.84 billion for the quarter, compared to the consensus estimate of $2.82 billion. Cintas had a net margin of 17.57% and a return on equity of 41.47%. The company’s revenue for the quarter was up 8.9% on a year-over-year basis. During the same quarter in the previous year, the company earned $1.13 EPS. Equities analysts forecast that Cintas Corporation will post 4.89 earnings per share for the current year.

Cintas Announces Dividend

The company also recently declared a quarterly dividend, which will be paid on Monday, June 15th. Stockholders of record on Friday, May 15th will be given a $0.45 dividend. The ex-dividend date is Friday, May 15th. This represents a $1.80 dividend on an annualized basis and a dividend yield of 1.0%. Cintas’s payout ratio is 50.85%.

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.