Marshall Financial Group LLC Sells 4,460 Shares of Cintas Corporation $CTAS

Marshall Financial Group LLC lessened its holdings in Cintas Corporation (NASDAQ:CTAS) by 67.2% in the 4th quarter, according to its most recent disclosure with the Securities & Exchange Commission. The institutional investor owned 2,175 shares of the business services provider’s stock after selling 4,460 shares during the period. Marshall Financial Group LLC’s holdings in Cintas were worth $409,000 at the end of the most recent quarter.

A number of other hedge funds and other institutional investors have also recently added to or reduced their stakes in the business. Fjarde AP Fonden Fourth Swedish National Pension Fund raised its stake in Cintas by 2.7% during the third quarter. Fjarde AP Fonden Fourth Swedish National Pension Fund now owns 99,876 shares of the business services provider’s stock worth $20,501,000 after acquiring an additional 2,628 shares in the last quarter. First Trust Advisors LP boosted its stake in shares of Cintas by 2.5% in the 3rd quarter. First Trust Advisors LP now owns 413,665 shares of the business services provider’s stock valued at $84,909,000 after purchasing an additional 10,249 shares in the last quarter. Vanguard Group Inc. grew its holdings in shares of Cintas by 1.5% in the 3rd quarter. Vanguard Group Inc. now owns 38,948,620 shares of the business services provider’s stock worth $7,994,594,000 after purchasing an additional 564,487 shares during the last quarter. HBK Sorce Advisory LLC grew its holdings in shares of Cintas by 197.4% in the 3rd quarter. HBK Sorce Advisory LLC now owns 9,344 shares of the business services provider’s stock worth $1,858,000 after purchasing an additional 6,202 shares during the last quarter. Finally, Johnson Investment Counsel Inc. increased its position in shares of Cintas by 2.3% during the 3rd quarter. Johnson Investment Counsel Inc. now owns 150,809 shares of the business services provider’s stock worth $30,955,000 after purchasing an additional 3,397 shares in the last quarter. Institutional investors own 63.46% of the company’s stock.

Cintas Stock Performance

Cintas stock opened at $181.21 on Tuesday. The stock has a 50-day simple moving average of $194.71 and a 200 day simple moving average of $192.27. The stock has a market capitalization of $72.46 billion, a price-to-earnings ratio of 52.83, a P/E/G ratio of 3.23 and a beta of 0.95. The company has a quick ratio of 1.49, a current ratio of 1.71 and a debt-to-equity ratio of 0.54. Cintas Corporation has a 12-month low of $177.94 and a 12-month high of $229.24.

Cintas Dividend Announcement

The business also recently announced a quarterly dividend, which was paid on Friday, March 13th. Shareholders of record on Friday, February 13th were paid a $0.45 dividend. The ex-dividend date of this dividend was Friday, February 13th. This represents a $1.80 dividend on an annualized basis and a dividend yield of 1.0%. Cintas’s payout ratio is currently 52.48%.

Wall Street Analysts Forecast Growth

Several brokerages recently issued reports on CTAS. Weiss Ratings raised shares of Cintas from a “hold (c+)” rating to a “buy (b-)” rating in a report on Tuesday, March 17th. Wells Fargo & Company raised shares of Cintas from a “cautious” rating to an “overweight” rating and upped their price objective for the stock from $205.00 to $245.00 in a research note on Wednesday, January 14th. Royal Bank Of Canada reaffirmed a “sector perform” rating and set a $206.00 price objective on shares of Cintas in a report on Friday, December 19th. Robert W. Baird raised Cintas from a “neutral” rating to an “outperform” rating and set a $250.00 target price on the stock in a report on Wednesday, March 11th. Finally, Bank of America began coverage on Cintas in a research report on Tuesday, February 17th. They set a “neutral” rating and a $215.00 price target on the stock. One equities research analyst has rated the stock with a Strong Buy rating, seven have assigned a Buy rating, five have issued a Hold rating and one has assigned a Sell rating to the stock. According to MarketBeat.com, the stock presently has an average rating of “Moderate Buy” and a consensus price target of $220.25.

Cintas Profile

Cintas Corporation (NASDAQ: CTAS) is a provider of business services and products focused on workplace appearance, safety and facility maintenance. The company is best known for its uniform rental and corporate apparel programs, which include rental, leasing and direct-purchase options, laundering and garment repair. Cintas markets its services to a wide range of end-users, including manufacturing, food service, healthcare, hospitality, retail and government customers.

Beyond uniforms, Cintas offers a suite of facility services and products designed to help organizations maintain clean, safe and compliant workplaces.