Northstar Advisory Group LLC Takes Position in Cintas Co. (NASDAQ:CTAS)

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

Other hedge funds and other institutional investors have also recently modified their holdings of the company. Smith Anglin Financial LLC purchased a new stake in Cintas in the fourth quarter worth about $204,000. Centennial Wealth Advisory LLC increased its position in Cintas by 18.4% in the fourth quarter. Centennial Wealth Advisory LLC now owns 612 shares of the business services provider’s stock worth $369,000 after buying an additional 95 shares in the last quarter. Alecta Tjanstepension Omsesidigt increased its position in Cintas by 22.6% in the fourth quarter. Alecta Tjanstepension Omsesidigt now owns 407,500 shares of the business services provider’s stock worth $245,584,000 after buying an additional 75,000 shares in the last quarter. Pacer Advisors Inc. increased its position in Cintas by 60.2% in the fourth quarter. Pacer Advisors Inc. now owns 17,744 shares of the business services provider’s stock worth $10,694,000 after buying an additional 6,666 shares in the last quarter. Finally, Raymond James Financial Services Advisors Inc. increased its position in Cintas by 1.0% in the fourth quarter. Raymond James Financial Services Advisors Inc. now owns 17,690 shares of the business services provider’s stock worth $10,661,000 after buying an additional 173 shares in the last quarter. 63.46% of the stock is owned by institutional investors.

Cintas Trading Up 0.3 %

Shares of NASDAQ:CTAS opened at $687.50 on Thursday. Cintas Co. has a 12-month low of $438.59 and a 12-month high of $704.84. The business’s fifty day simple moving average is $619.05 and its 200-day simple moving average is $566.70. The company has a current ratio of 2.24, a quick ratio of 1.89 and a debt-to-equity ratio of 0.62. The company has a market capitalization of $69.69 billion, a PE ratio of 49.76, a P/E/G ratio of 3.67 and a beta of 1.27.

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

Cintas Dividend Announcement

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

Analysts Set New Price Targets

CTAS has been the subject of several research analyst reports. Royal Bank of Canada increased their target price on Cintas from $525.00 to $645.00 and gave the stock an “outperform” rating in a research report on Friday, December 22nd. JPMorgan Chase & Co. increased their price target on Cintas from $540.00 to $640.00 and gave the company an “overweight” rating in a research note on Friday, December 22nd. Barclays increased their price target on Cintas from $630.00 to $700.00 and gave the company an “overweight” rating in a research note on Thursday, February 29th. Bank of America increased their price target on Cintas from $700.00 to $790.00 and gave the company a “buy” rating in a research note on Thursday. Finally, StockNews.com raised Cintas from a “hold” rating to a “buy” rating in a research note on Monday. Six research analysts have rated the stock with a hold rating and nine have assigned a buy rating to the stock. Based on data from MarketBeat, the company currently has a consensus rating of “Moderate Buy” and an average price target of $613.20.

Cintas 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.