Larson Financial Group LLC Has $443,000 Stock Position in Cintas Co. (NASDAQ:CTAS)

Larson Financial Group LLC reduced its holdings in Cintas Co. (NASDAQ:CTAS) by 6.5% in the fourth quarter, HoldingsChannel reports. The firm owned 2,425 shares of the business services provider’s stock after selling 168 shares during the period. Larson Financial Group LLC’s holdings in Cintas were worth $443,000 at the end of the most recent quarter.

Several other institutional investors have also recently added to or reduced their stakes in CTAS. Addison Advisors LLC increased its stake in shares of Cintas by 495.7% in the 3rd quarter. Addison Advisors LLC now owns 137 shares of the business services provider’s stock valued at $28,000 after acquiring an additional 114 shares in the last quarter. Sound Income Strategies LLC acquired a new stake in Cintas in the fourth quarter worth $27,000. Endeavor Private Wealth Inc. bought a new stake in Cintas in the fourth quarter valued at $31,000. Newbridge Financial Services Group Inc. acquired a new position in shares of Cintas during the fourth quarter valued at about $34,000. Finally, HHM Wealth Advisors LLC bought a new position in shares of Cintas during the 4th quarter worth about $39,000. 63.46% of the stock is owned by institutional investors and hedge funds.

Cintas Trading Down 1.2 %

Shares of CTAS stock opened at $200.61 on Tuesday. Cintas Co. has a 52-week low of $154.16 and a 52-week high of $228.12. The company has a 50-day simple moving average of $199.24 and a two-hundred day simple moving average of $209.36. The company has a debt-to-equity ratio of 0.47, a quick ratio of 1.38 and a current ratio of 1.58. The company has a market capitalization of $80.95 billion, a price-to-earnings ratio of 48.37, a PEG ratio of 3.98 and a beta of 1.41.

Cintas (NASDAQ:CTAS) last released its earnings results on Thursday, December 19th. The business services provider reported $1.09 earnings per share (EPS) for the quarter, beating the consensus estimate 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 analyst estimates of $2.56 billion. During the same period in the prior year, the company posted $3.61 earnings per share. Cintas’s quarterly revenue was up 7.8% on a year-over-year basis. Research analysts anticipate that Cintas Co. will post 4.31 EPS for the current fiscal year.

Cintas Dividend Announcement

The business also recently declared a quarterly dividend, which will be paid on Friday, March 14th. Investors of record on Friday, February 14th will be issued a $0.39 dividend. 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 0.78%. Cintas’s dividend payout ratio (DPR) is presently 37.59%.

Analysts Set New Price Targets

A number of brokerages recently commented on CTAS. Morgan Stanley boosted their target price on Cintas from $185.00 to $202.00 and gave the company an “equal weight” rating in a research report on Thursday, December 12th. Wells Fargo & Company decreased their price objective on Cintas from $191.00 to $184.00 and set an “underweight” rating for the company in a report on Friday, December 20th. UBS Group cut their target price on Cintas from $240.00 to $218.00 and set a “buy” rating on the stock in a report on Friday, December 20th. Robert W. Baird reduced their price target on shares of Cintas from $209.00 to $200.00 and set a “neutral” rating for the company in a research report on Friday, December 20th. Finally, Royal Bank of Canada restated a “sector perform” rating and set a $215.00 price objective on shares of Cintas in a report on Friday, December 20th. 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 company presently has a consensus rating of “Hold” and an average target price of $199.79.

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.