Perigon Wealth Management LLC Has $496,000 Holdings in Cintas Co. (NASDAQ:CTAS)

Perigon Wealth Management LLC lifted its holdings in Cintas Co. (NASDAQ:CTAS) by 3.5% during the 4th quarter, Holdings Channel reports. The fund owned 823 shares of the business services provider’s stock after acquiring an additional 28 shares during the quarter. Perigon Wealth Management LLC’s holdings in Cintas were worth $496,000 at the end of the most recent reporting period.

A number of other large investors have also bought and sold shares of the business. Raymond James Trust N.A. increased its position in Cintas by 10.6% in the 1st quarter. Raymond James Trust N.A. now owns 740 shares of the business services provider’s stock valued at $314,000 after acquiring an additional 71 shares in the last quarter. Baird Financial Group Inc. boosted its stake in shares of Cintas by 16.8% in the 1st quarter. Baird Financial Group Inc. now owns 17,643 shares of the business services provider’s stock valued at $7,505,000 after purchasing an additional 2,541 shares during the last quarter. Covestor Ltd raised its stake in shares of Cintas by 84.7% during the first quarter. Covestor Ltd now owns 327 shares of the business services provider’s stock worth $139,000 after buying an additional 150 shares during the last quarter. Mackenzie Financial Corp boosted its stake in Cintas by 9.3% in the first quarter. Mackenzie Financial Corp now owns 7,073 shares of the business services provider’s stock valued at $3,009,000 after acquiring an additional 604 shares during the last quarter. Finally, Fuller & Thaler Asset Management Inc. raised its position in shares of Cintas by 19.8% during the 1st quarter. Fuller & Thaler Asset Management Inc. now owns 24,472 shares of the business services provider’s stock valued at $10,410,000 after acquiring an additional 4,037 shares during the last quarter. 63.46% of the stock is currently owned by institutional investors.

Cintas Stock Performance

Shares of NASDAQ CTAS opened at $664.72 on Tuesday. The company has a current ratio of 2.38, a quick ratio of 2.03 and a debt-to-equity ratio of 0.58. The stock has a 50 day moving average of $639.36 and a 200-day moving average of $583.58. Cintas Co. has a 12 month low of $438.59 and a 12 month high of $704.84. The company has a market capitalization of $67.38 billion, a P/E ratio of 45.91, a P/E/G ratio of 3.91 and a beta of 1.27.

Cintas (NASDAQ:CTAS) last announced its earnings results on Wednesday, March 27th. The business services provider reported $3.84 EPS for the quarter, topping the consensus estimate of $3.58 by $0.26. The business had revenue of $2.41 billion during the quarter, compared to the consensus estimate of $2.39 billion. Cintas had a net margin of 15.98% and a return on equity of 37.19%. Cintas’s revenue was up 9.9% compared to the same quarter last year. During the same quarter in the previous year, the firm posted $3.14 EPS. As a group, equities research analysts predict that Cintas Co. will post 14.96 EPS for the current year.

Cintas Dividend Announcement

The firm also recently announced a quarterly dividend, which will be paid on Friday, June 14th. Shareholders of record on Wednesday, May 15th will be given a dividend of $1.35 per share. The ex-dividend date of this dividend is Tuesday, May 14th. This represents a $5.40 dividend on an annualized basis and a dividend yield of 0.81%. Cintas’s payout ratio is presently 37.29%.

Analyst Upgrades and Downgrades

A number of analysts have recently commented on CTAS shares. The Goldman Sachs Group upped their price target on Cintas from $673.00 to $765.00 and gave the company a “buy” rating in a research note on Thursday, March 28th. Oppenheimer reaffirmed a “market perform” rating on shares of Cintas in a research note on Monday, April 1st. Robert W. Baird boosted their target price on Cintas from $660.00 to $750.00 and gave the company an “outperform” rating in a research note on Thursday, March 28th. StockNews.com raised Cintas from a “hold” rating to a “buy” rating in a research report on Monday, March 25th. Finally, Royal Bank of Canada boosted their price objective on Cintas from $675.00 to $725.00 and gave the company an “outperform” rating in a research report on Thursday, March 28th. Six research analysts have rated the stock with a hold rating and nine have issued a buy rating to the company. Based on data from MarketBeat.com, the company presently has an average rating of “Moderate Buy” and an average price target of $661.21.

Cintas Profile

Cintas Corporation provides 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.