Catalyst Funds Management Pty Ltd Purchases 6,300 Shares of Cintas Co. (NASDAQ:CTAS)

Catalyst Funds Management Pty Ltd increased its position in shares of Cintas Co. (NASDAQ:CTAS) by 131.3% during the 4th quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm owned 11,100 shares of the business services provider’s stock after purchasing an additional 6,300 shares during the period. Catalyst Funds Management Pty Ltd’s holdings in Cintas were worth $2,028,000 at the end of the most recent reporting period.

A number of other large investors also recently modified their holdings of CTAS. LBP AM SA purchased a new position in shares of Cintas in the fourth quarter valued at about $2,419,000. Thompson Siegel & Walmsley LLC raised its stake in Cintas by 7.1% during the 4th quarter. Thompson Siegel & Walmsley LLC now owns 6,120 shares of the business services provider’s stock valued at $1,118,000 after purchasing an additional 408 shares during the period. Impact Capital Partners LLC purchased a new position in Cintas in the 4th quarter worth approximately $292,000. Commonwealth Equity Services LLC boosted its stake in Cintas by 19.3% in the 4th quarter. Commonwealth Equity Services LLC now owns 95,633 shares of the business services provider’s stock worth $17,472,000 after purchasing an additional 15,439 shares during the period. Finally, VanWeelden Wealth Management LLC purchased a new stake in Cintas during the 4th quarter valued at approximately $219,000. Hedge funds and other institutional investors own 63.46% of the company’s stock.

Analysts Set New Price Targets

A number of brokerages recently weighed in on CTAS. Wells Fargo & Company dropped their target price on shares of Cintas from $191.00 to $184.00 and set an “underweight” rating for the company in a research report on Friday, December 20th. The Goldman Sachs Group dropped 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 cut their price objective 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 began coverage on Cintas in a research report on Monday, February 24th. They issued a “sell” rating and a $161.00 target price on the stock. Finally, Royal Bank of Canada restated a “sector perform” rating and set a $215.00 price target on shares of Cintas in a report on Friday, December 20th. Two equities research 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’s stock. Based on data from MarketBeat.com, the stock currently has an average rating of “Hold” and a consensus price target of $199.79.

Cintas Trading Up 1.2 %

CTAS stock opened at $192.84 on Friday. The firm’s fifty day simple moving average is $200.02 and its two-hundred day simple moving average is $209.07. The stock has a market capitalization of $77.82 billion, a price-to-earnings ratio of 46.50, a price-to-earnings-growth ratio of 3.98 and a beta of 1.41. The company has a quick ratio of 1.38, a current ratio of 1.58 and a debt-to-equity ratio of 0.47. Cintas Co. has a twelve month low of $155.85 and a twelve month high of $228.12.

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

Cintas Announces Dividend

The firm also recently announced a quarterly dividend, which was paid on Friday, March 14th. Shareholders 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 yield of 0.81%. Cintas’s payout ratio is 37.59%.

Cintas Company 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.