New Age Alpha Advisors LLC Acquires 43,086 Shares of Cintas Co. (NASDAQ:CTAS)

New Age Alpha Advisors LLC boosted its holdings in shares of Cintas Co. (NASDAQ:CTAS) by 30,130.1% during the 4th quarter, according to its most recent filing with the Securities and Exchange Commission. The firm owned 43,229 shares of the business services provider’s stock after purchasing an additional 43,086 shares during the quarter. New Age Alpha Advisors LLC’s holdings in Cintas were worth $7,898,000 at the end of the most recent quarter.

A number of other large investors also recently added to or reduced their stakes in the business. China Universal Asset Management Co. Ltd. boosted its position in shares of Cintas by 28.4% during the fourth quarter. China Universal Asset Management Co. Ltd. now owns 6,563 shares of the business services provider’s stock worth $1,199,000 after acquiring an additional 1,450 shares during the last quarter. KMG Fiduciary Partners LLC increased its holdings in shares of Cintas by 121.8% in the fourth quarter. KMG Fiduciary Partners LLC now owns 11,545 shares of the business services provider’s stock worth $2,109,000 after purchasing an additional 6,341 shares during the last quarter. Wellington Management Group LLP lifted its position in shares of Cintas by 211.7% in the third quarter. Wellington Management Group LLP now owns 778,884 shares of the business services provider’s stock worth $160,357,000 after buying an additional 529,005 shares in the last quarter. JPMorgan Chase & Co. grew its holdings in Cintas by 137.5% during the 3rd quarter. JPMorgan Chase & Co. now owns 2,222,527 shares of the business services provider’s stock valued at $457,574,000 after buying an additional 1,286,668 shares in the last quarter. Finally, Annex Advisory Services LLC increased its stake in Cintas by 1.6% in the 4th quarter. Annex Advisory Services LLC now owns 127,441 shares of the business services provider’s stock worth $23,283,000 after acquiring an additional 1,988 shares during the last quarter. 63.46% of the stock is owned by hedge funds and other institutional investors.

Cintas Stock Performance

Shares of CTAS opened at $206.25 on Friday. 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 52-week low of $162.16 and a 52-week high of $228.12. The stock has a 50 day moving average price of $200.91 and a 200 day moving average price of $208.87. The company has a market capitalization of $83.23 billion, a price-to-earnings ratio of 49.73, a price-to-earnings-growth ratio of 3.98 and a beta of 1.41.

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

Cintas Dividend Announcement

The business also recently announced a quarterly dividend, which was paid on Friday, March 14th. Stockholders of record on Friday, February 14th were issued a $0.39 dividend. This represents a $1.56 dividend on an annualized basis and a dividend yield of 0.76%. The ex-dividend date of this dividend was Friday, February 14th. Cintas’s payout ratio is currently 36.11%.

Wall Street Analyst Weigh In

A number of research firms have weighed in on CTAS. Citigroup began coverage on shares of Cintas in a research report on Monday, February 24th. They set a “sell” rating and a $161.00 price objective on the stock. Morgan Stanley lifted their target price on Cintas from $195.00 to $213.00 and gave the company an “equal weight” rating in a research note on Thursday. UBS Group upped their price objective on shares of Cintas from $218.00 to $240.00 and gave the company a “buy” rating in a report on Thursday. The Goldman Sachs Group lifted their target price on Cintas from $211.00 to $233.00 and gave the stock a “buy” rating in a report on Thursday. Finally, Royal Bank of Canada reaffirmed a “sector perform” rating and set a $215.00 target price on shares of Cintas in a report on Thursday. Two analysts have rated the stock with a sell rating, nine have assigned a hold rating and six have issued a buy rating to the company’s stock. According to data from MarketBeat, Cintas presently has an average rating of “Hold” and an average target price of $207.57.

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.