Harbor Investment Advisory LLC acquires 65 shares of Cintas Co. (NASDAQ:CTAS)


Harbor Investment Advisory LLC boosted its holdings in Cintas Co. (NASDAQ: CTAS – Get Rating ) by 40.1% in the first quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The fund owned 227 shares of the business services provider’s stock after acquiring an additional 65 shares during the quarter. Harbor Investment Advisory LLC’s holdings in Cintas were worth $97,000 at the end of the most recent reporting period.

A number of other hedge funds and other institutional investors have also made changes to their positions in the business. CAPROCK Group Inc. raised its stake in Cintas by 2.2% in the first quarter. CAPROCK Group Inc. now owns 1,153 shares of the business services provider’s stock valued at $491,000 after acquiring an additional 25 shares in the last quarter. Concord Wealth Partners boosted its holdings in shares of Cintas by 25.5% during the first quarter. Concord Wealth Partners now owns 138 shares of the business services provider’s stock valued at $59,000 after buying an additional 28 shares during the last quarter. Pallas Capital Advisors LLC boosted its holdings in shares of Cintas by 1.1% in the 4th quarter. Pallas Capital Advisors LLC now owns 2,711 shares of the business services provider’s stock valued at $1,029,000 after buying an additional 29 shares in the last quarter. Pinnacle Bancorp Inc. raised its holdings in shares of Cintas by 14.8% during the 4th quarter. Pinnacle Bancorp Inc. now owns 233 shares of the business services provider’s stock valued at $103,000 after buying an additional 30 shares in the last quarter. Finally, Ellevest Inc. boosted its holdings in shares of Cintas by 4.3% in the first quarter. Ellevest Inc. now owns 723 shares of the business services provider’s stock valued at $308,000 after purchasing an additional 30 shares during the last quarter. Institutional investors and hedge funds own 65.09% of the company’s shares.

A number of equities analysts recently issued reports on CTAS shares. Deutsche Bank Aktiengesellschaft initiated coverage on Cintas in a report on Tuesday, March 29th. They issued a “buy” rating and a $517.00 target price for the company. StockNews.com raised Cintas from a “hold” rating to a “buy” rating in a report on Monday, March 28th. Goldman Sachs Group upped their target price on Cintas from $460.00 to $493.00 in a report on Wednesday, March 23rd. Argus decreased their price objective on Cintas from $490.00 to $450.00 in a report on Friday, March 25th. Finally, Morgan Stanley decreased their target price on Cintas from $389.00 to $357.00 and set an “equal weight” rating for the company in a research report on Thursday, May 26th. Three research analysts have rated the stock with a hold rating and six have issued a buy rating to the company’s stock. Cintas has an average rating of “Moderate Buy” and an average price target of $447.22, according to MarketBeat.

Shares of CTAS stock opened at $376.71 on Monday. Cintas Co. has a twelve month low of $343.86 and a twelve month high of $461.44. The company has a quick ratio of 0.84, a current ratio of 1.02 and a debt-to-equity ratio of 0.41. The firm has a market cap of $38.55 billion, a PE ratio of 33.31, a price-to-earnings-growth ratio of 2.85 and a beta of 1.45. The business has a 50-day moving average of $379.20 and a 200-day moving average of $393.04.

The firm also recently announced a quarterly dividend, which was paid on Wednesday, June 15th. Shareholders of record on Monday, May 16th were given a $0.95 dividend. This represents an annualized dividend of $3.80 and a dividend yield of 1.01%. The ex-dividend date was Friday, May 13th. Cintas’ payout ratio is 33.60%.

About Cintas (Get Rating)

Cintas Corporation provides corporate identity uniforms and related business services primarily in the United States, Canada and Latin America. It operates through Unified Rental and Equipment Services, First Aid and Safety Services and all other segments. The company rents and services uniforms and other clothing, including fire resistant clothing, doormats, mops and shop towels and other ancillary items; and provides restroom cleaning services and supplies as well as sales of uniforms.

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Institutional Ownership by Quarter for Cintas (NASDAQ:CTAS)



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