Northstar Advisory Group LLC Acquires New Holdings in Cintas Co. (NASDAQ:CTAS)

Northstar Advisory Group LLC acquired a new stake in shares of Cintas Co. (NASDAQ:CTAS) in the fourth quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The fund acquired 401 shares of the business services provider’s stock, valued at approximately $242,000.

Several other institutional investors and hedge funds also recently made changes to their positions in the stock. Smith Anglin Financial LLC acquired a new stake in Cintas during the fourth quarter worth about $204,000. Centennial Wealth Advisory LLC boosted its stake in shares of Cintas by 18.4% in the 4th quarter. Centennial Wealth Advisory LLC now owns 612 shares of the business services provider’s stock valued at $369,000 after purchasing an additional 95 shares in the last quarter. Alecta Tjanstepension Omsesidigt grew its holdings in shares of Cintas by 22.6% during the 4th quarter. Alecta Tjanstepension Omsesidigt now owns 407,500 shares of the business services provider’s stock valued at $245,584,000 after purchasing an additional 75,000 shares during the last quarter. Pacer Advisors Inc. grew its holdings in shares of Cintas by 60.2% during the 4th quarter. Pacer Advisors Inc. now owns 17,744 shares of the business services provider’s stock valued at $10,694,000 after purchasing an additional 6,666 shares during the last quarter. Finally, Raymond James Financial Services Advisors Inc. grew its holdings in shares of Cintas by 1.0% during the 4th quarter. Raymond James Financial Services Advisors Inc. now owns 17,690 shares of the business services provider’s stock valued at $10,661,000 after purchasing an additional 173 shares during the last quarter. Institutional investors and hedge funds own 63.46% of the company’s stock.

Wall Street Analysts Forecast Growth

Several brokerages recently issued reports on CTAS. JPMorgan Chase & Co. lifted their price target on shares of Cintas from $540.00 to $640.00 and gave the company an “overweight” rating in a report on Friday, December 22nd. Barclays lifted their target price on shares of Cintas from $630.00 to $700.00 and gave the stock an “overweight” rating in a research report on Thursday, February 29th. Bank of America boosted their price target on shares of Cintas from $700.00 to $790.00 and gave the stock a “buy” rating in a research report on Thursday. StockNews.com upgraded shares of Cintas from a “hold” rating to a “buy” rating in a research report on Monday. Finally, Royal Bank of Canada boosted their price target on shares of Cintas from $525.00 to $645.00 and gave the stock an “outperform” rating in a research report on Friday, December 22nd. Six equities research analysts have rated the stock with a hold rating and nine have issued a buy rating to the company. Based on data from MarketBeat.com, the company presently has a consensus rating of “Moderate Buy” and an average price target of $613.20.

Cintas Stock Performance

NASDAQ CTAS opened at $687.50 on Thursday. The firm has a market cap of $69.69 billion, a price-to-earnings ratio of 49.76, a PEG ratio of 3.67 and a beta of 1.27. The company has a fifty day moving average price of $619.05 and a 200-day moving average price of $566.70. The company has a debt-to-equity ratio of 0.62, a current ratio of 2.24 and a quick ratio of 1.89. Cintas Co. has a 1 year low of $438.59 and a 1 year high of $704.84.

Cintas (NASDAQ:CTAS) last posted its quarterly earnings results on Wednesday, March 27th. The business services provider reported $3.84 earnings per share for the quarter, beating the consensus estimate of $3.58 by $0.26. The company had revenue of $2.41 billion during the quarter, compared to analyst estimates of $2.39 billion. Cintas had a net margin of 15.57% and a return on equity of 36.78%. The firm’s revenue for the quarter was up 9.9% on a year-over-year basis. During the same quarter in the prior year, the business earned $3.14 earnings per share. As a group, equities research analysts predict that Cintas Co. will post 14.57 EPS for the current fiscal year.

Cintas Announces Dividend

The firm also recently declared a quarterly dividend, which was paid on Friday, March 15th. Stockholders of record on Thursday, February 15th were given a $1.35 dividend. This represents a $5.40 annualized dividend and a dividend yield of 0.79%. The ex-dividend date was Wednesday, February 14th. Cintas’s dividend payout ratio (DPR) is currently 39.19%.

Cintas Company Profile

Cintas Corporation provides 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.