Diversified Trust Co Has $3.31 Million Holdings in Cintas Co. (NASDAQ:CTAS)

Diversified Trust Co grew its stake in Cintas Co. (NASDAQ:CTASFree Report) by 10.7% during the 4th quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund owned 18,092 shares of the business services provider’s stock after purchasing an additional 1,756 shares during the period. Diversified Trust Co’s holdings in Cintas were worth $3,305,000 as of its most recent SEC filing.

Several other institutional investors and hedge funds also recently made changes to their positions in the stock. Axxcess Wealth Management LLC boosted its stake in Cintas by 0.5% during the second quarter. Axxcess Wealth Management LLC now owns 2,905 shares of the business services provider’s stock worth $2,034,000 after buying an additional 14 shares in the last quarter. D Orazio & Associates Inc. boosted its position in shares of Cintas by 3.5% during the 2nd quarter. D Orazio & Associates Inc. now owns 556 shares of the business services provider’s stock valued at $389,000 after acquiring an additional 19 shares in the last quarter. Alpha Financial Partners LLC increased its stake in Cintas by 5.1% in the second quarter. Alpha Financial Partners LLC now owns 389 shares of the business services provider’s stock valued at $272,000 after acquiring an additional 19 shares during the period. E Fund Management Co. Ltd. raised its position in Cintas by 1.9% in the second quarter. E Fund Management Co. Ltd. now owns 997 shares of the business services provider’s stock worth $698,000 after purchasing an additional 19 shares in the last quarter. Finally, Abbrea Capital LLC boosted its holdings in Cintas by 8.4% during the second quarter. Abbrea Capital LLC now owns 402 shares of the business services provider’s stock valued at $282,000 after purchasing an additional 31 shares in the last quarter. Institutional investors own 63.46% of the company’s stock.

Cintas Stock Up 2.0 %

NASDAQ CTAS 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. Cintas Co. has a 52 week low of $143.98 and a 52 week high of $228.12. The stock has a market capitalization of $76.11 billion, a P/E ratio of 47.66, a price-to-earnings-growth ratio of 4.15 and a beta of 1.37. The stock has a fifty day moving average of $208.18 and a 200-day moving average of $204.37.

Cintas (NASDAQ:CTASGet Free Report) last announced its quarterly earnings data on Thursday, December 19th. The business services provider reported $1.09 earnings per share for the quarter, topping the consensus estimate of $1.01 by $0.08. The firm had revenue of $2.56 billion during the quarter, compared to analysts’ expectations of $2.56 billion. Cintas had a return on equity of 39.56% and a net margin of 16.80%. The company’s quarterly revenue was up 7.8% compared to the same quarter last year. During the same period in the previous year, the business posted $3.61 EPS. On average, equities research analysts forecast that Cintas Co. will post 4.23 EPS for the current year.

Cintas Announces Dividend

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

Wall Street Analyst Weigh In

A number of equities analysts have recently issued reports on the company. Robert W. Baird dropped their target price on Cintas from $209.00 to $200.00 and set a “neutral” rating for the company in a report on Friday, December 20th. The Goldman Sachs Group cut their price objective on Cintas from $236.00 to $211.00 and set a “buy” rating for the company in a report on Friday, December 20th. Royal Bank of Canada reaffirmed a “sector perform” rating and issued a $215.00 target price on shares of Cintas in a report on Friday, December 20th. UBS Group cut their price target on shares of Cintas from $240.00 to $218.00 and set a “buy” rating for the company in a report on Friday, December 20th. Finally, Morgan Stanley upped their price objective on shares of Cintas from $185.00 to $202.00 and gave the stock an “equal weight” rating in a research note on Thursday, December 12th. Two investment analysts have rated the stock with a sell rating, nine have given a hold rating and six have assigned a buy rating to the company. Based on data from MarketBeat, the stock has an average rating of “Hold” and an average price target of $198.46.

View Our Latest Research Report on CTAS

About Cintas

(Free Report)

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.

See Also

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Institutional Ownership by Quarter for Cintas (NASDAQ:CTAS)

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