Cintas Co. (NASDAQ:CTAS) Stock Holdings Increased by Commonwealth Equity Services LLC

Commonwealth Equity Services LLC boosted its holdings in shares of Cintas Co. (NASDAQ:CTAS) by 19.3% in the 4th quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The fund owned 95,633 shares of the business services provider’s stock after purchasing an additional 15,439 shares during the period. Commonwealth Equity Services LLC’s holdings in Cintas were worth $17,472,000 at the end of the most recent quarter.

A number of other large investors have also recently added to or reduced their stakes in the business. VanWeelden Wealth Management LLC acquired a new stake in Cintas during the 4th quarter worth about $219,000. IAG Wealth Partners LLC raised its holdings in shares of Cintas by 136.8% during the fourth quarter. IAG Wealth Partners LLC now owns 180 shares of the business services provider’s stock valued at $33,000 after acquiring an additional 104 shares during the period. HBK Sorce Advisory LLC lifted its position in shares of Cintas by 3.2% in the 4th quarter. HBK Sorce Advisory LLC now owns 3,225 shares of the business services provider’s stock valued at $589,000 after acquiring an additional 101 shares in the last quarter. Skandinaviska Enskilda Banken AB publ boosted its stake in Cintas by 2.9% in the 4th quarter. Skandinaviska Enskilda Banken AB publ now owns 206,711 shares of the business services provider’s stock worth $37,983,000 after purchasing an additional 5,881 shares during the period. Finally, Vestcor Inc grew its position in Cintas by 171.3% during the 4th quarter. Vestcor Inc now owns 27,469 shares of the business services provider’s stock worth $5,019,000 after purchasing an additional 17,345 shares in the last quarter. 63.46% of the stock is currently owned by institutional investors.

Wall Street Analyst Weigh In

A number of analysts have recently issued reports on CTAS shares. UBS Group reduced their target price on Cintas from $240.00 to $218.00 and set a “buy” rating for the company in a report on Friday, December 20th. Morgan Stanley increased their price objective on Cintas from $185.00 to $202.00 and gave the stock an “equal weight” rating in a research note on Thursday, December 12th. The Goldman Sachs Group lowered their target price on Cintas from $236.00 to $211.00 and set a “buy” rating on the stock in a research note on Friday, December 20th. Wells Fargo & Company dropped their target price on Cintas from $191.00 to $184.00 and set an “underweight” rating on the stock in a report on Friday, December 20th. Finally, Citigroup started coverage on shares of Cintas in a report on Monday, February 24th. They set a “sell” rating and a $161.00 price target for the company. Two equities research analysts have rated the stock with a sell rating, nine have issued a hold rating and six have issued a buy rating to the company’s stock. According to MarketBeat.com, Cintas presently has a consensus rating of “Hold” and an average target price of $199.79.

Cintas Trading Up 1.2 %

Cintas stock opened at $195.17 on Tuesday. Cintas Co. has a one year low of $155.89 and a one year high of $228.12. The company’s fifty day moving average price is $200.22 and its two-hundred day moving average price is $209.17. The company has a debt-to-equity ratio of 0.47, a current ratio of 1.58 and a quick ratio of 1.38. The company has a market capitalization of $78.76 billion, a price-to-earnings ratio of 47.06, a PEG ratio of 3.98 and a beta of 1.41.

Cintas (NASDAQ:CTAS) last issued its quarterly earnings data on Thursday, December 19th. The business services provider reported $1.09 earnings per share for the quarter, beating analysts’ consensus estimates of $1.01 by $0.08. The business had revenue of $2.56 billion for the quarter, compared to the consensus estimate of $2.56 billion. Cintas had a return on equity of 40.62% and a net margin of 17.23%. The firm’s revenue was up 7.8% compared to the same quarter last year. During the same period last year, the business earned $3.61 EPS. On average, analysts forecast that Cintas Co. will post 4.31 earnings per share for the current fiscal year.

Cintas Dividend Announcement

The company also recently announced a quarterly dividend, which was paid on Friday, March 14th. Investors of record on Friday, February 14th were paid a $0.39 dividend. The ex-dividend date of this dividend was Friday, February 14th. This represents a $1.56 dividend on an annualized basis and a yield of 0.80%. Cintas’s payout ratio is presently 37.59%.

Cintas Company 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.