Cintas Co. (NASDAQ:CTAS) Shares Sold by Golden State Equity Partners

Golden State Equity Partners trimmed its holdings in Cintas Co. (NASDAQ:CTAS) by 5.5% during the fourth quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 2,813 shares of the business services provider’s stock after selling 163 shares during the quarter. Golden State Equity Partners’ holdings in Cintas were worth $514,000 at the end of the most recent quarter.

Other institutional investors have also modified their holdings of the company. Algert Global LLC purchased a new position in Cintas in the 2nd quarter valued at $328,000. B. Riley Wealth Advisors Inc. grew its position in Cintas by 18.4% in the 2nd quarter. B. Riley Wealth Advisors Inc. now owns 547 shares of the business services provider’s stock valued at $383,000 after buying an additional 85 shares during the last quarter. Czech National Bank grew its position in Cintas by 324.7% in the 3rd quarter. Czech National Bank now owns 69,794 shares of the business services provider’s stock valued at $14,369,000 after buying an additional 53,360 shares during the last quarter. Harbor Investment Advisory LLC grew its position in Cintas by 269.5% in the 3rd quarter. Harbor Investment Advisory LLC now owns 1,212 shares of the business services provider’s stock valued at $250,000 after buying an additional 884 shares during the last quarter. Finally, Quent Capital LLC grew its position in Cintas by 330.6% in the 3rd quarter. Quent Capital LLC now owns 745 shares of the business services provider’s stock valued at $153,000 after buying an additional 572 shares during the last quarter. 63.46% of the stock is owned by institutional investors and hedge funds.

Analysts Set New Price Targets

A number of research firms recently weighed in on CTAS. Wells Fargo & Company lowered their price objective on shares of Cintas from $191.00 to $184.00 and set an “underweight” rating on the stock in a research report on Friday, December 20th. The Goldman Sachs Group lowered their price objective on shares of Cintas from $236.00 to $211.00 and set a “buy” rating on the stock in a research report on Friday, December 20th. UBS Group decreased their target price on shares of Cintas from $240.00 to $218.00 and set a “buy” rating on the stock in a research report on Friday, December 20th. Royal Bank of Canada restated a “sector perform” rating and set a $215.00 target price on shares of Cintas in a research report on Friday, December 20th. Finally, Robert W. Baird decreased their target price on shares of Cintas from $209.00 to $200.00 and set a “neutral” rating on the stock in a research report on Friday, December 20th. Two investment analysts have rated the stock with a sell rating, nine have assigned a hold rating and six have issued a buy rating to the company’s stock. According to data from MarketBeat, the company presently has an average rating of “Hold” and a consensus target price of $198.46.

Cintas Price Performance

Cintas stock opened at $200.57 on Monday. Cintas Co. has a 52 week low of $150.48 and a 52 week high of $228.12. 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 firm’s 50-day simple moving average is $201.15 and its 200 day simple moving average is $206.64. The firm has a market capitalization of $80.94 billion, a PE ratio of 48.36, a P/E/G ratio of 3.83 and a beta of 1.37.

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

Cintas Dividend Announcement

The company also recently announced a quarterly dividend, which will be paid on Friday, March 14th. Investors of record on Friday, February 14th will be paid a $0.39 dividend. This represents a $1.56 annualized dividend and a yield of 0.78%. The ex-dividend date is Friday, February 14th. Cintas’s payout ratio is 37.61%.

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.