Moment Partners LLC Purchases New Stake in Cintas Co. (NASDAQ:CTAS)

Moment Partners LLC acquired a new position in Cintas Co. (NASDAQ:CTAS) during the 4th quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The fund acquired 1,889 shares of the business services provider’s stock, valued at approximately $345,000.

A number of other hedge funds and other institutional investors have also recently added to or reduced their stakes in CTAS. Great Valley Advisor Group Inc. purchased a new stake in Cintas in the third quarter worth $223,000. Kingsview Wealth Management LLC increased its holdings in Cintas by 389.4% in the 3rd quarter. Kingsview Wealth Management LLC now owns 4,874 shares of the business services provider’s stock worth $1,003,000 after acquiring an additional 3,878 shares during the last quarter. Fisher Asset Management LLC raised its stake in Cintas by 178.3% in the 3rd quarter. Fisher Asset Management LLC now owns 2,460 shares of the business services provider’s stock valued at $507,000 after acquiring an additional 1,576 shares during the period. Loomis Sayles & Co. L P lifted its holdings in Cintas by 311.3% during the third quarter. Loomis Sayles & Co. L P now owns 436 shares of the business services provider’s stock valued at $90,000 after purchasing an additional 330 shares during the last quarter. Finally, Truvestments Capital LLC bought a new position in Cintas during the third quarter worth about $59,000. 63.46% of the stock is currently owned by hedge funds and other institutional investors.

Cintas Stock Up 5.8 %

CTAS opened at $204.71 on Thursday. The company has a quick ratio of 1.38, a current ratio of 1.58 and a debt-to-equity ratio of 0.47. The business’s fifty day simple moving average is $200.75 and its 200 day simple moving average is $208.89. Cintas Co. has a 52 week low of $162.16 and a 52 week high of $228.12. The stock has a market cap of $82.61 billion, a PE ratio of 49.36, a P/E/G ratio of 3.98 and a beta of 1.41.

Cintas (NASDAQ:CTAS) last announced its quarterly earnings data on Wednesday, March 26th. The business services provider reported $1.13 earnings per share for the quarter, beating analysts’ consensus estimates of $1.05 by $0.08. The company had revenue of $2.61 billion for the quarter, compared to analysts’ expectations of $2.60 billion. Cintas had a return on equity of 40.62% and a net margin of 17.23%. Cintas’s revenue for the quarter was up 8.4% compared to the same quarter last year. During the same period last year, the firm posted $3.84 EPS. As a group, research analysts expect that Cintas Co. will post 4.31 earnings per share for the current fiscal year.

Cintas Announces Dividend

The firm also recently disclosed a quarterly dividend, which was paid on Friday, March 14th. Stockholders of record on Friday, February 14th were paid a $0.39 dividend. The ex-dividend date of this dividend was Friday, February 14th. This represents a $1.56 dividend on an annualized basis and a dividend yield of 0.76%. Cintas’s dividend payout ratio (DPR) is 37.59%.

Wall Street Analyst Weigh In

CTAS has been the subject of several analyst reports. The Goldman Sachs Group cut their price objective on shares of Cintas from $236.00 to $211.00 and set a “buy” rating for the company in a report on Friday, December 20th. UBS Group reduced their price target on Cintas from $240.00 to $218.00 and set a “buy” rating for the company in a research report on Friday, December 20th. Citigroup initiated coverage on Cintas in a research note on Monday, February 24th. They set a “sell” rating and a $161.00 price objective on the stock. Royal Bank of Canada restated a “sector perform” rating and issued a $215.00 target price on shares of Cintas in a research note on Friday, December 20th. Finally, Robert W. Baird decreased their price target on Cintas from $209.00 to $200.00 and set a “neutral” rating on the stock in a research report on Friday, December 20th. Two analysts have rated the stock with a sell rating, nine have assigned a hold rating and six have assigned a buy rating to the company. According to data from MarketBeat.com, Cintas presently has an average rating of “Hold” and an average target price of $199.79.

Cintas Profile

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.