Cintas Co. (NASDAQ:CTAS) Shares Sold by Hennion & Walsh Asset Management Inc.

Hennion & Walsh Asset Management Inc. lowered its stake in shares of Cintas Co. (NASDAQ:CTAS) by 16.1% in the fourth quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The fund owned 32,988 shares of the business services provider’s stock after selling 6,324 shares during the quarter. Hennion & Walsh Asset Management Inc.’s holdings in Cintas were worth $6,027,000 at the end of the most recent quarter.

Several other large investors have also modified their holdings of CTAS. Axxcess Wealth Management LLC raised its stake in Cintas by 0.5% during the second quarter. Axxcess Wealth Management LLC now owns 2,905 shares of the business services provider’s stock worth $2,034,000 after purchasing an additional 14 shares during the period. E Fund Management Co. Ltd. increased its holdings in shares of Cintas by 1.9% during the 2nd quarter. E Fund Management Co. Ltd. now owns 997 shares of the business services provider’s stock worth $698,000 after buying an additional 19 shares during the last quarter. Evergreen Capital Management LLC raised its position in shares of Cintas by 4.8% in the 2nd quarter. Evergreen Capital Management LLC now owns 827 shares of the business services provider’s stock worth $579,000 after buying an additional 38 shares during the period. Moors & Cabot Inc. boosted its holdings in Cintas by 6.9% in the second quarter. Moors & Cabot Inc. now owns 757 shares of the business services provider’s stock valued at $530,000 after acquiring an additional 49 shares during the last quarter. Finally, Mercer Global Advisors Inc. ADV grew its position in Cintas by 1.0% during the second quarter. Mercer Global Advisors Inc. ADV now owns 6,664 shares of the business services provider’s stock valued at $5,053,000 after acquiring an additional 65 shares during the period. 63.46% of the stock is currently owned by hedge funds and other institutional investors.

Wall Street Analysts Forecast Growth

A number of equities analysts have recently commented on CTAS shares. Royal Bank of Canada restated a “sector perform” rating and issued a $215.00 price objective on shares of Cintas in a report on Friday, December 20th. Jefferies Financial Group reduced their price target on shares of Cintas from $730.00 to $200.00 and set a “hold” rating on the stock in a research report on Thursday, September 26th. UBS Group decreased their price target on shares of Cintas from $240.00 to $218.00 and set a “buy” rating for the company in a research report on Friday, December 20th. Morgan Stanley upped their target price on Cintas from $185.00 to $202.00 and gave the stock an “equal weight” rating in a research report on Thursday, December 12th. Finally, Wells Fargo & Company lowered their target price on 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. According to MarketBeat, the company presently has a consensus rating of “Hold” and an average price target of $198.46.

Cintas Stock Performance

CTAS stock opened at $196.67 on Thursday. The company has a market capitalization of $79.36 billion, a P/E ratio of 47.42, a PEG ratio of 3.65 and a beta of 1.37. The company has a quick ratio of 1.38, a current ratio of 1.58 and a debt-to-equity ratio of 0.47. The company has a 50-day simple moving average of $206.61 and a 200 day simple moving average of $204.87. Cintas Co. has a fifty-two week low of $146.29 and a fifty-two week high of $228.12.

Cintas (NASDAQ:CTAS) last issued its quarterly 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 for the quarter, compared to analysts’ expectations of $2.56 billion. During the same period last year, the firm earned $3.61 EPS. The firm’s revenue for the quarter was up 7.8% on a year-over-year basis. Sell-side analysts predict that Cintas Co. will post 4.31 earnings per share for the current fiscal year.

Cintas Announces Dividend

The business also recently disclosed a quarterly dividend, which will be paid on Friday, March 14th. Stockholders of record on Friday, February 14th will be given a dividend of $0.39 per share. The ex-dividend date is Friday, February 14th. This represents a $1.56 dividend on an annualized basis and a dividend yield of 0.79%. Cintas’s dividend payout ratio (DPR) is presently 37.61%.

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.