Los Angeles Capital Management LLC Has $168.69 Million Stock Holdings in Cintas Co. (NASDAQ:CTAS)

Los Angeles Capital Management LLC cut its holdings in Cintas Co. (NASDAQ:CTAS) by 19.0% in the fourth quarter, HoldingsChannel.com reports. The institutional investor owned 923,330 shares of the business services provider’s stock after selling 217,265 shares during the quarter. Cintas comprises approximately 0.7% of Los Angeles Capital Management LLC’s portfolio, making the stock its 27th largest holding. Los Angeles Capital Management LLC’s holdings in Cintas were worth $168,692,000 as of its most recent SEC filing.

Other hedge funds and other institutional investors also recently made changes to their positions in the company. China Universal Asset Management Co. Ltd. boosted its holdings in Cintas by 28.4% in the fourth quarter. China Universal Asset Management Co. Ltd. now owns 6,563 shares of the business services provider’s stock valued at $1,199,000 after acquiring an additional 1,450 shares during the last quarter. KMG Fiduciary Partners LLC boosted its holdings in Cintas by 121.8% during the fourth quarter. KMG Fiduciary Partners LLC now owns 11,545 shares of the business services provider’s stock worth $2,109,000 after buying an additional 6,341 shares during the last quarter. Wellington Management Group LLP boosted its holdings in Cintas by 211.7% during the third quarter. Wellington Management Group LLP now owns 778,884 shares of the business services provider’s stock worth $160,357,000 after buying an additional 529,005 shares during the last quarter. JPMorgan Chase & Co. boosted its holdings in Cintas by 137.5% during the third quarter. JPMorgan Chase & Co. now owns 2,222,527 shares of the business services provider’s stock worth $457,574,000 after buying an additional 1,286,668 shares during the last quarter. Finally, Annex Advisory Services LLC boosted its holdings in Cintas by 1.6% during the fourth quarter. Annex Advisory Services LLC now owns 127,441 shares of the business services provider’s stock worth $23,283,000 after buying an additional 1,988 shares during the last quarter. 63.46% of the stock is currently owned by institutional investors and hedge funds.

Cintas Stock Performance

NASDAQ:CTAS opened at $203.35 on Tuesday. The stock has a fifty day moving average price of $196.36 and a 200-day moving average price of $208.51. The company has a market cap of $82.06 billion, a price-to-earnings ratio of 49.03, a PEG ratio of 3.98 and a beta of 1.38. The company has a debt-to-equity ratio of 0.47, a quick ratio of 1.38 and a current ratio of 1.58. Cintas Co. has a fifty-two week low of $154.15 and a fifty-two week high of $228.12.

Cintas (NASDAQ:CTAS) last posted its quarterly earnings results on Thursday, December 19th. The business services provider reported $1.09 EPS for the quarter, topping analysts’ consensus estimates of $1.01 by $0.08. Cintas had a return on equity of 40.62% and a net margin of 17.23%. The company had revenue of $2.56 billion during the quarter, compared to analysts’ expectations of $2.56 billion. During the same quarter in the previous year, the firm earned $3.61 EPS. Cintas’s revenue was up 7.8% on a year-over-year basis. As a group, equities analysts anticipate that Cintas Co. will post 4.31 EPS for the current fiscal year.

Cintas Announces Dividend

The firm also recently declared a quarterly dividend, which will be paid on Friday, March 14th. Stockholders of record on Friday, February 14th will be issued a dividend of $0.39 per share. The ex-dividend date of this dividend is Friday, February 14th. This represents a $1.56 dividend on an annualized basis and a dividend yield of 0.77%. Cintas’s dividend payout ratio (DPR) is currently 37.59%.

Analyst Upgrades and Downgrades

Several equities analysts have recently weighed in on CTAS shares. The Goldman Sachs Group cut their price objective on Cintas from $236.00 to $211.00 and set a “buy” rating on the stock in a report on Friday, December 20th. Royal Bank of Canada reissued a “sector perform” rating and issued a $215.00 target price on shares of Cintas in a research report on Friday, December 20th. UBS Group dropped their target price on Cintas from $240.00 to $218.00 and set a “buy” rating on the stock in a research report on Friday, December 20th. Citigroup began coverage on Cintas in a research report on Monday. They set a “sell” rating and a $161.00 price target on the stock. Finally, Morgan Stanley boosted their price target on Cintas from $185.00 to $202.00 and gave the stock an “equal weight” rating in a research report on Thursday, December 12th. Two analysts have rated the stock with a sell rating, nine have issued a hold rating and six have assigned a buy rating to the stock. According to data from MarketBeat.com, the stock currently has an average rating of “Hold” and an average price target of $199.79.

About Cintas

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.