Crew Capital Management Ltd. Acquires 92 Shares of Cintas Co. (NASDAQ:CTAS)

Crew Capital Management Ltd. lifted its holdings in shares of Cintas Co. (NASDAQ:CTAS) by 1.7% during the 4th quarter, Holdings Channel.com reports. The firm owned 5,501 shares of the business services provider’s stock after purchasing an additional 92 shares during the period. Crew Capital Management Ltd.’s holdings in Cintas were worth $1,005,000 at the end of the most recent reporting period.

Several other large investors have also made changes to their positions in CTAS. Hollencrest Capital Management lifted its stake in shares of Cintas by 433.3% during the third quarter. Hollencrest Capital Management now owns 128 shares of the business services provider’s stock valued at $26,000 after acquiring an additional 104 shares during the period. Sound Income Strategies LLC acquired a new position in shares of Cintas during the fourth quarter valued at $27,000. Addison Advisors LLC lifted its stake in shares of Cintas by 495.7% during the third quarter. Addison Advisors LLC now owns 137 shares of the business services provider’s stock valued at $28,000 after acquiring an additional 114 shares during the period. Endeavor Private Wealth Inc. acquired a new position in shares of Cintas during the fourth quarter valued at $31,000. Finally, Quintet Private Bank Europe S.A. lifted its stake in shares of Cintas by 357.1% during the third quarter. Quintet Private Bank Europe S.A. now owns 160 shares of the business services provider’s stock valued at $33,000 after acquiring an additional 125 shares during the period. Institutional investors and hedge funds own 63.46% of the company’s stock.

Cintas Trading Down 1.4 %

NASDAQ CTAS opened at $204.56 on Wednesday. The firm has a market cap of $82.55 billion, a P/E ratio of 49.32, a P/E/G ratio of 3.98 and a beta of 1.38. The company has a debt-to-equity ratio of 0.47, a current ratio of 1.58 and a quick ratio of 1.38. The stock’s 50-day moving average is $197.86 and its 200-day moving average is $209.14. Cintas Co. has a one year low of $154.15 and a one year high of $228.12.

Cintas (NASDAQ:CTAS) last released its quarterly earnings results on Thursday, December 19th. The business services provider reported $1.09 EPS for the quarter, topping analysts’ consensus estimates of $1.01 by $0.08. The company had revenue of $2.56 billion for the quarter, compared to analyst estimates of $2.56 billion. Cintas had a return on equity of 40.62% and a net margin of 17.23%. Cintas’s revenue was up 7.8% compared to the same quarter last year. During the same quarter last year, the firm posted $3.61 earnings per share. Sell-side analysts anticipate that Cintas Co. will post 4.31 earnings per share for the current fiscal year.

Cintas Announces Dividend

The company also recently disclosed a quarterly dividend, which will be paid on Friday, March 14th. Investors of record on Friday, February 14th will be issued a dividend of $0.39 per share. The ex-dividend date of this dividend is Friday, February 14th. This represents a $1.56 dividend on an annualized basis and a dividend yield of 0.76%. Cintas’s payout ratio is presently 37.59%.

Analyst Upgrades and Downgrades

CTAS has been the topic of several research reports. Citigroup initiated coverage on Cintas in a research note on Monday, February 24th. They set a “sell” rating and a $161.00 price target on the stock. The Goldman Sachs Group cut their price target on Cintas from $236.00 to $211.00 and set a “buy” rating on the stock in a research note on Friday, December 20th. Robert W. Baird cut their target price on Cintas from $209.00 to $200.00 and set a “neutral” rating on the stock in a research note on Friday, December 20th. Royal Bank of Canada reissued a “sector perform” rating and issued a $215.00 target price on shares of Cintas in a research note on Friday, December 20th. Finally, Morgan Stanley increased their target price on Cintas from $185.00 to $202.00 and gave the company an “equal weight” rating in a research note on Thursday, December 12th. Two equities research analysts have rated the stock with a sell rating, nine have issued a hold rating and six have assigned a buy rating to the stock. Based on data from MarketBeat.com, the stock currently has an average rating of “Hold” and a consensus price target of $199.79.

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.