Cintas Co. (NASDAQ:CTAS) Position Trimmed by GLOBALT Investments LLC GA

GLOBALT Investments LLC GA lessened its holdings in shares of Cintas Co. (NASDAQ:CTAS) by 1.8% during the 4th quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 33,531 shares of the business services provider’s stock after selling 623 shares during the quarter. GLOBALT Investments LLC GA’s holdings in Cintas were worth $6,126,000 at the end of the most recent quarter.

Several other institutional investors and hedge funds also recently bought and sold shares of the business. SlateStone Wealth LLC grew its stake in shares of Cintas by 3.2% in the 4th quarter. SlateStone Wealth LLC now owns 6,500 shares of the business services provider’s stock valued at $1,188,000 after buying an additional 200 shares in the last quarter. Harbour Investments Inc. grew its stake in shares of Cintas by 17.1% in the 4th quarter. Harbour Investments Inc. now owns 492 shares of the business services provider’s stock valued at $90,000 after buying an additional 72 shares in the last quarter. Envestnet Portfolio Solutions Inc. grew its stake in shares of Cintas by 31.9% in the 4th quarter. Envestnet Portfolio Solutions Inc. now owns 23,643 shares of the business services provider’s stock valued at $4,320,000 after buying an additional 5,724 shares in the last quarter. Choate Investment Advisors grew its stake in shares of Cintas by 18.8% in the 4th quarter. Choate Investment Advisors now owns 1,440 shares of the business services provider’s stock valued at $263,000 after buying an additional 228 shares in the last quarter. Finally, Frank Rimerman Advisors LLC grew its stake in shares of Cintas by 1.0% in the 4th quarter. Frank Rimerman Advisors LLC now owns 6,167 shares of the business services provider’s stock valued at $1,127,000 after buying an additional 59 shares in the last quarter. Hedge funds and other institutional investors own 63.46% of the company’s stock.

Cintas Stock Up 1.2 %

Shares of CTAS stock opened at $192.84 on Monday. Cintas Co. has a 12 month low of $155.89 and a 12 month high of $228.12. The firm has a market cap of $77.82 billion, a PE ratio of 46.50, a price-to-earnings-growth ratio of 3.98 and a beta of 1.41. The stock has a 50 day moving average of $200.02 and a 200-day moving average of $209.20. The company has a quick ratio of 1.38, a current ratio of 1.58 and a debt-to-equity ratio of 0.47.

Cintas (NASDAQ:CTAS) last issued its quarterly earnings results on Thursday, December 19th. The business services provider reported $1.09 EPS for the quarter, topping analysts’ consensus estimates of $1.01 by $0.08. The company had revenue of $2.56 billion during the quarter, compared to analyst estimates of $2.56 billion. Cintas had a return on equity of 40.62% and a net margin of 17.23%. The company’s quarterly revenue was up 7.8% compared to the same quarter last year. During the same period in the previous year, the company earned $3.61 earnings per share. On average, equities analysts predict that Cintas Co. will post 4.31 EPS for the current 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 was Friday, February 14th. This represents a $1.56 dividend on an annualized basis and a dividend yield of 0.81%. Cintas’s payout ratio is 37.59%.

Analyst Ratings Changes

Several equities research analysts recently commented on CTAS shares. Morgan Stanley boosted their price target on Cintas from $185.00 to $202.00 and gave the company an “equal weight” rating in a research note on Thursday, December 12th. Wells Fargo & Company reduced their target price 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 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. Citigroup assumed coverage on Cintas in a report on Monday, February 24th. They issued a “sell” rating and a $161.00 target price for the company. Finally, 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. Two investment analysts have rated the stock with a sell rating, nine have given a hold rating and six have given a buy rating to the stock. According to data from MarketBeat.com, the stock has an average rating of “Hold” and an average price target of $199.79.

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.