Diversified Trust Co Buys 1,756 Shares of Cintas Co. (NASDAQ:CTAS)

Diversified Trust Co increased its position in shares of Cintas Co. (NASDAQ:CTAS) by 10.7% during the 4th quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The fund owned 18,092 shares of the business services provider’s stock after acquiring an additional 1,756 shares during the quarter. Diversified Trust Co’s holdings in Cintas were worth $3,305,000 as of its most recent SEC filing.

A number of other institutional investors have also recently bought and sold shares of CTAS. Bank of New Hampshire grew its holdings in shares of Cintas by 2.8% in the 4th quarter. Bank of New Hampshire now owns 2,904 shares of the business services provider’s stock valued at $531,000 after buying an additional 80 shares during the period. CWA Asset Management Group LLC lifted its holdings in Cintas by 11.3% during the fourth quarter. CWA Asset Management Group LLC now owns 15,465 shares of the business services provider’s stock worth $2,825,000 after acquiring an additional 1,572 shares in the last quarter. Pensionfund Sabic grew its stake in Cintas by 28.6% in the fourth quarter. Pensionfund Sabic now owns 9,000 shares of the business services provider’s stock valued at $1,644,000 after acquiring an additional 2,000 shares during the period. Everence Capital Management Inc. increased its holdings in shares of Cintas by 12.7% in the fourth quarter. Everence Capital Management Inc. now owns 7,980 shares of the business services provider’s stock worth $1,458,000 after acquiring an additional 900 shares in the last quarter. Finally, GAMMA Investing LLC raised its position in shares of Cintas by 83.2% during the fourth quarter. GAMMA Investing LLC now owns 11,462 shares of the business services provider’s stock worth $2,094,000 after purchasing an additional 5,206 shares during the period. Institutional investors and hedge funds own 63.46% of the company’s stock.

Wall Street Analysts Forecast Growth

A number of research firms recently issued reports on CTAS. Wells Fargo & Company lowered their target price on Cintas from $191.00 to $184.00 and set an “underweight” rating for the company in a research note on Friday, December 20th. Jefferies Financial Group dropped their price objective on shares of Cintas from $730.00 to $200.00 and set a “hold” rating on the stock in a report on Thursday, September 26th. Barclays upped their target price on shares of Cintas from $210.00 to $245.00 and gave the stock an “overweight” rating in a research note on Friday, September 27th. UBS Group dropped their price target on Cintas from $240.00 to $218.00 and set a “buy” rating on the stock in a research note on Friday, December 20th. Finally, Morgan Stanley upped their price objective on Cintas from $185.00 to $202.00 and gave the stock an “equal weight” rating in a research report on Thursday, December 12th. Two equities research analysts have rated the stock with a sell rating, nine have assigned a hold rating and six have given a buy rating to the company’s stock. According to MarketBeat.com, the company presently has an average rating of “Hold” and a consensus price target of $198.46.

Cintas Trading Up 2.0 %

Cintas stock opened at $188.72 on Wednesday. The company has a debt-to-equity ratio of 0.50, a quick ratio of 1.33 and a current ratio of 1.53. The stock has a 50-day simple moving average of $208.18 and a 200 day simple moving average of $204.37. The stock has a market capitalization of $76.11 billion, a P/E ratio of 47.66, a PEG ratio of 4.15 and a beta of 1.37. Cintas Co. has a 52 week low of $143.98 and a 52 week high of $228.12.

Cintas (NASDAQ:CTAS) last posted its earnings results on Thursday, December 19th. The business services provider reported $1.09 earnings per share for the quarter, topping analysts’ consensus estimates of $1.01 by $0.08. Cintas had a return on equity of 39.56% and a net margin of 16.80%. The business had revenue of $2.56 billion for the quarter, compared to analyst estimates of $2.56 billion. During the same period in the previous year, the firm earned $3.61 EPS. The firm’s revenue was up 7.8% compared to the same quarter last year. Analysts expect that Cintas Co. will post 4.23 earnings per share for the current year.

Cintas Dividend Announcement

The business also recently announced a quarterly dividend, which was paid on Friday, December 13th. Investors of record on Friday, November 15th were issued a dividend of $0.39 per share. This represents a $1.56 annualized dividend and a dividend yield of 0.83%. The ex-dividend date was Friday, November 15th. Cintas’s payout ratio is 37.59%.

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.