Cintas Co. (NASDAQ:CTAS) Shares Sold by Quad Cities Investment Group LLC

Quad Cities Investment Group LLC lowered its stake in Cintas Co. (NASDAQ:CTAS) by 3.6% during the fourth quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The firm owned 2,703 shares of the business services provider’s stock after selling 100 shares during the period. Quad Cities Investment Group LLC’s holdings in Cintas were worth $494,000 at the end of the most recent reporting period.

Several other large investors have also modified their holdings of CTAS. Ignite Planners LLC increased its stake in Cintas by 18.9% in the 4th quarter. Ignite Planners LLC now owns 1,855 shares of the business services provider’s stock valued at $345,000 after buying an additional 295 shares during the period. Hummer Financial Advisory Services Inc boosted its holdings in shares of Cintas by 300.0% in the fourth quarter. Hummer Financial Advisory Services Inc now owns 5,600 shares of the business services provider’s stock valued at $1,023,000 after acquiring an additional 4,200 shares in the last quarter. Wallace Advisory Group LLC increased its stake in shares of Cintas by 283.6% during the fourth quarter. Wallace Advisory Group LLC now owns 1,657 shares of the business services provider’s stock worth $303,000 after acquiring an additional 1,225 shares during the period. Signal Advisors Wealth LLC raised its holdings in Cintas by 19.3% during the fourth quarter. Signal Advisors Wealth LLC now owns 1,612 shares of the business services provider’s stock worth $294,000 after purchasing an additional 261 shares in the last quarter. Finally, Unique Wealth LLC lifted its position in Cintas by 51.5% in the fourth quarter. Unique Wealth LLC now owns 2,310 shares of the business services provider’s stock valued at $422,000 after purchasing an additional 785 shares during the period. Hedge funds and other institutional investors own 63.46% of the company’s stock.

Cintas Price Performance

Cintas stock opened at $190.60 on Tuesday. Cintas Co. has a 12-month low of $146.29 and a 12-month high of $228.12. The firm’s 50-day moving average is $206.94 and its two-hundred day moving average is $204.75. The stock has a market capitalization of $76.92 billion, a P/E ratio of 48.13, a P/E/G ratio of 4.15 and a beta of 1.37. The company has a debt-to-equity ratio of 0.50, a current ratio of 1.53 and a quick ratio of 1.33.

Cintas (NASDAQ:CTAS) last announced its quarterly earnings data 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 net margin of 16.80% and a return on equity of 39.56%. The company had revenue of $2.56 billion during the quarter, compared to analysts’ expectations of $2.56 billion. During the same period in the previous year, the company earned $3.61 EPS. The business’s quarterly revenue was up 7.8% compared to the same quarter last year. Equities analysts predict that Cintas Co. will post 4.23 earnings per share for the current year.

Cintas Announces Dividend

The company also recently announced a quarterly dividend, which was paid on Friday, December 13th. Stockholders of record on Friday, November 15th were issued a dividend of $0.39 per share. This represents a $1.56 dividend on an annualized basis and a dividend yield of 0.82%. The ex-dividend date of this dividend was Friday, November 15th. Cintas’s payout ratio is currently 37.59%.

Analysts Set New Price Targets

Several equities analysts have issued reports on CTAS shares. Barclays boosted their target price on Cintas from $210.00 to $245.00 and gave the stock an “overweight” rating in a research report on Friday, September 27th. Royal Bank of Canada reaffirmed a “sector perform” rating and set a $215.00 price objective on shares of Cintas in a report on Friday, December 20th. Robert W. Baird reduced their target price on Cintas from $209.00 to $200.00 and set a “neutral” rating for the company in a report on Friday, December 20th. The Goldman Sachs Group lowered their price target on shares of Cintas from $236.00 to $211.00 and set a “buy” rating on the stock in a research note on Friday, December 20th. Finally, Wells Fargo & Company reduced their price objective on shares of Cintas from $191.00 to $184.00 and set an “underweight” rating for the company in a research note on Friday, December 20th. Two research 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. Based on data from MarketBeat.com, Cintas presently has a consensus rating of “Hold” and an average target price of $198.46.

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.