Robeco Institutional Asset Management B.V. Increases Position in Cintas Co. (NASDAQ:CTAS)

Robeco Institutional Asset Management B.V. increased its stake in Cintas Co. (NASDAQ:CTAS – Get Rating) by 2.2% in the third quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The institutional investor owned 27,750 shares of the business services provider’s stock after purchasing an additional 594 shares during the quarter. Robeco Institutional Asset Management B.V.’s holdings in Cintas were worth $10,773,000 at the end of the most recent quarter.

A number of other large investors have also made changes to their positions in CTAS. HWG Holdings LP acquired a new stake in Cintas in the 3rd quarter valued at about $27,000. Quent Capital LLC grew its stake in Cintas by 169.2% in the 3rd quarter. Quent Capital LLC now owns 70 shares of the business services provider’s stock valued at $27,000 after acquiring an additional 44 shares during the last quarter. Asset Dedication LLC acquired a new stake in Cintas in the 3rd quarter valued at about $29,000. Ronald Blue Trust Inc. acquired a new stake in Cintas in the 2nd quarter valued at about $39,000. Finally, Clearstead Advisors LLC acquired a new stake in Cintas in the 3rd quarter valued at about $39,000. Hedge funds and other institutional investors own 61.92% of the company’s stock.

Analysts Set New Price Targets

CTAS has been the topic of a number of research reports. Barclays increased their price objective on shares of Cintas from $435.00 to $500.00 in a research note on Friday, December 2nd. StockNews.com assumed coverage on shares of Cintas in a research note on Thursday. They set a “buy” rating on the stock. Deutsche Bank Aktiengesellschaft raised their price target on shares of Cintas from $490.00 to $507.00 and gave the stock a “buy” rating in a research note on Thursday, December 22nd. Robert W. Baird raised their price target on shares of Cintas from $475.00 to $500.00 in a research note on Thursday, December 22nd. Finally, Morgan Stanley raised their price target on shares of Cintas from $373.00 to $401.00 and gave the stock an “equal weight” rating in a research note on Thursday, December 22nd. Two equities research analysts have rated the stock with a hold rating and five have assigned a buy rating to the company’s stock. According to data from MarketBeat.com, the stock has a consensus rating of “Moderate Buy” and a consensus price target of $476.10.

Insider Activity at Cintas

In related news, CFO J. Michael Hansen sold 1,618 shares of the firm’s stock in a transaction that occurred on Monday, February 6th. The shares were sold at an average price of $441.85, for a total value of $714,913.30. Following the transaction, the chief financial officer now owns 30,132 shares in the company, valued at $13,313,824.20. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this link. In other news, CAO Michael Lawrence Thompson sold 14,795 shares of Cintas stock in a transaction that occurred on Thursday, January 12th. The shares were sold at an average price of $444.98, for a total transaction of $6,583,479.10. Following the sale, the chief accounting officer now owns 23,318 shares in the company, valued at $10,376,043.64. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website. Also, CFO J. Michael Hansen sold 1,618 shares of Cintas stock in a transaction that occurred on Monday, February 6th. The shares were sold at an average price of $441.85, for a total transaction of $714,913.30. Following the sale, the chief financial officer now owns 30,132 shares in the company, valued at approximately $13,313,824.20. The disclosure for this sale can be found here. 15.10% of the stock is currently owned by insiders.

Cintas Trading Down 0.7 %

NASDAQ CTAS opened at $432.73 on Friday. Cintas Co. has a one year low of $343.86 and a one year high of $470.23. The company’s 50 day moving average price is $439.77 and its 200 day moving average price is $431.36. The company has a debt-to-equity ratio of 0.72, a quick ratio of 1.53 and a current ratio of 1.86. The firm has a market capitalization of $43.97 billion, a price-to-earnings ratio of 35.21, a PEG ratio of 3.03 and a beta of 1.34.

Cintas (NASDAQ:CTAS – Get Rating) last posted its quarterly earnings results on Wednesday, December 21st. The business services provider reported $3.12 EPS for the quarter, beating the consensus estimate of $3.03 by $0.09. Cintas had a net margin of 15.35% and a return on equity of 37.89%. The firm had revenue of $2.17 billion for the quarter, compared to analyst estimates of $2.13 billion. During the same quarter last year, the firm posted $2.76 earnings per share. Cintas’s revenue for the quarter was up 13.1% compared to the same quarter last year. On average, sell-side analysts predict that Cintas Co. will post 12.68 EPS for the current year.

Cintas Dividend Announcement

The firm also recently declared a quarterly dividend, which was paid on Wednesday, March 15th. Investors of record on Wednesday, February 15th were issued a $1.15 dividend. The ex-dividend date was Tuesday, February 14th. This represents a $4.60 annualized dividend and a yield of 1.06%. Cintas’s payout ratio is 37.43%.

Cintas Company Profile

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Cintas Corp. engages in the provision of corporate identity uniforms through rental and sales programs. It operates through the following segments: Uniform Rental and Facility Services, First Aid and Safety Services, and All Other. The Uniform Rental and Facility Services segment consists of the rental and servicing of uniforms and other garments including flame resistant clothing, mats, mops and shop towels, and other ancillary items.