Headlands Technologies LLC Has $1.22 Million Stock Position in Cintas Co. (NASDAQ:CTAS)

Headlands Technologies LLC lifted its position in Cintas Co. (NASDAQ:CTAS) by 91.1% in the 4th quarter, Holdings Channel.com reports. The institutional investor owned 6,672 shares of the business services provider’s stock after acquiring an additional 3,180 shares during the period. Headlands Technologies LLC’s holdings in Cintas were worth $1,219,000 as of its most recent SEC filing.

Other institutional investors and hedge funds have also recently added to or reduced their stakes in the company. Sound Income Strategies LLC bought a new stake in shares of Cintas in the 4th quarter valued at about $27,000. Cyrus J. Lawrence LLC acquired a new position in Cintas during the fourth quarter worth approximately $29,000. Endeavor Private Wealth Inc. bought a new stake in Cintas in the fourth quarter valued at approximately $31,000. IAG Wealth Partners LLC lifted its position in shares of Cintas by 136.8% in the fourth quarter. IAG Wealth Partners LLC now owns 180 shares of the business services provider’s stock valued at $33,000 after buying an additional 104 shares during the last quarter. Finally, Newbridge Financial Services Group Inc. bought a new position in shares of Cintas during the 4th quarter worth approximately $34,000. 63.46% of the stock is owned by institutional investors.

Analysts Set New Price Targets

CTAS has been the topic of a number of research analyst reports. Wells Fargo & Company increased their price target on Cintas from $184.00 to $196.00 and gave the company an “underweight” rating in a research note on Thursday, March 27th. UBS Group raised their target price on shares of Cintas from $218.00 to $240.00 and gave the stock a “buy” rating in a research note on Thursday, March 27th. The Goldman Sachs Group lifted their target price on shares of Cintas from $211.00 to $233.00 and gave the stock a “buy” rating in a report on Thursday, March 27th. Citigroup initiated coverage on shares of Cintas in a report on Monday, February 24th. They issued a “sell” rating and a $161.00 price target on the stock. Finally, Morgan Stanley boosted their price objective on Cintas from $195.00 to $213.00 and gave the stock an “equal weight” rating in a report on Thursday, March 27th. Two research analysts have rated the stock with a sell rating, seven have assigned a hold rating and five have given a buy rating to the company. According to MarketBeat.com, the company has a consensus rating of “Hold” and a consensus price target of $210.58.

Cintas Stock Performance

NASDAQ CTAS opened at $207.87 on Wednesday. The firm’s 50 day simple moving average is $201.29 and its 200 day simple moving average is $204.61. The firm has a market capitalization of $83.88 billion, a price-to-earnings ratio of 50.12, a P/E/G ratio of 3.98 and a beta of 1.41. 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 Co. has a 1 year low of $162.16 and a 1 year high of $228.12.

Cintas (NASDAQ:CTAS) last issued its earnings results 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. Cintas had a return on equity of 40.62% and a net margin of 17.23%. The firm had revenue of $2.61 billion for the quarter, compared to the consensus estimate of $2.60 billion. During the same quarter last year, the business posted $3.84 EPS. The company’s revenue was up 8.4% compared to the same quarter last year. 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 business also recently declared 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 was Friday, February 14th. This represents a $1.56 dividend on an annualized basis and a dividend yield of 0.75%. Cintas’s payout ratio is currently 36.11%.

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.