Quantinno Capital Management LP Has $13.82 Million Holdings in Cintas Co. (NASDAQ:CTAS)

Quantinno Capital Management LP increased its position in Cintas Co. (NASDAQ:CTAS) by 13.7% during the 4th quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 75,629 shares of the business services provider’s stock after acquiring an additional 9,104 shares during the quarter. Quantinno Capital Management LP’s holdings in Cintas were worth $13,817,000 at the end of the most recent quarter.

Several other institutional investors have also recently bought and sold shares of the company. Sound Income Strategies LLC bought a new position in shares of Cintas during the 4th quarter worth about $27,000. Cyrus J. Lawrence LLC acquired a new position in shares of Cintas during the fourth quarter worth approximately $29,000. Endeavor Private Wealth Inc. acquired a new position in shares of Cintas during the fourth quarter worth approximately $31,000. IAG Wealth Partners LLC raised its stake in shares of Cintas by 136.8% during the fourth quarter. IAG Wealth Partners LLC now owns 180 shares of the business services provider’s stock worth $33,000 after buying an additional 104 shares during the last quarter. Finally, Newbridge Financial Services Group Inc. bought a new stake in shares of Cintas during the fourth quarter worth approximately $34,000. Institutional investors own 63.46% of the company’s stock.

Insider Activity at Cintas

In other news, COO Jim Rozakis sold 2,000 shares of the stock in a transaction dated Monday, April 7th. The shares were sold at an average price of $190.37, for a total transaction of $380,740.00. Following the sale, the chief operating officer now directly owns 256,528 shares of the company’s stock, valued at $48,835,235.36. This represents a 0.77% decrease in their position. The transaction was disclosed in a legal filing with the SEC, which is available through this link. Also, Director Ronald W. Tysoe sold 8,521 shares of the stock in a transaction dated Monday, April 14th. The stock was sold at an average price of $208.96, for a total transaction of $1,780,548.16. Following the sale, the director now directly owns 27,029 shares in the company, valued at approximately $5,647,979.84. The trade was a 23.97% decrease in their ownership of the stock. The disclosure for this sale can be found here. 15.00% of the stock is currently owned by corporate insiders.

Cintas Stock Down 0.5%

CTAS opened at $214.19 on Thursday. The company has a market capitalization of $86.49 billion, a PE ratio of 51.64, a PEG ratio of 3.98 and a beta of 1.09. Cintas Co. has a 1-year low of $164.93 and a 1-year high of $228.12. The firm’s 50 day simple moving average is $203.67 and its two-hundred day simple moving average is $204.58. The company has a current ratio of 1.58, a quick ratio of 1.38 and a debt-to-equity ratio of 0.47.

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

Cintas Dividend Announcement

The firm also recently disclosed a quarterly dividend, which will be paid on Friday, June 13th. Investors of record on Thursday, May 15th will be issued a dividend of $0.39 per share. This represents a $1.56 annualized dividend and a yield of 0.73%. The ex-dividend date is Thursday, May 15th. Cintas’s payout ratio is 36.11%.

Analyst Upgrades and Downgrades

CTAS has been the subject of several research reports. Bank of America assumed coverage on shares of Cintas in a research report on Thursday, April 10th. They set a “buy” rating and a $250.00 price objective for the company. UBS Group increased their price target on shares of Cintas from $218.00 to $240.00 and gave the company a “buy” rating in a research note on Thursday, March 27th. Morgan Stanley raised their target price on shares of Cintas from $195.00 to $213.00 and gave the stock an “equal weight” rating in a research note on Thursday, March 27th. Wells Fargo & Company lifted their price objective on shares of Cintas from $184.00 to $196.00 and gave the stock an “underweight” rating in a research note on Thursday, March 27th. Finally, Citigroup started coverage on shares of Cintas in a research note on Monday, February 24th. They issued a “sell” rating and a $161.00 price objective for the company. Three research analysts have rated the stock with a sell rating, six have given a hold rating, six have given a buy rating and one has issued a strong buy rating to the company. According to MarketBeat, the stock has an average rating of “Hold” and a consensus target price of $213.88.

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.