Bristol Gate Capital Partners Inc. Sells 4,108 Shares of Cintas Co. (NASDAQ:CTAS)

Bristol Gate Capital Partners Inc. reduced its position in Cintas Co. (NASDAQ:CTAS) by 0.8% in the fourth quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The fund owned 512,451 shares of the business services provider’s stock after selling 4,108 shares during the period. Cintas comprises approximately 4.6% of Bristol Gate Capital Partners Inc.’s holdings, making the stock its 11th largest position. Bristol Gate Capital Partners Inc. owned approximately 0.13% of Cintas worth $93,625,000 at the end of the most recent quarter.

A number of other hedge funds have also bought and sold shares of the business. Sound Income Strategies LLC purchased a new position in shares of Cintas during the fourth quarter valued at approximately $27,000. Cyrus J. Lawrence LLC bought a new position in Cintas in the fourth quarter valued at about $29,000. Endeavor Private Wealth Inc. purchased a new position in shares of Cintas in the fourth quarter worth approximately $31,000. IAG Wealth Partners LLC boosted its stake in shares of Cintas by 136.8% during the 4th quarter. IAG Wealth Partners LLC now owns 180 shares of the business services provider’s stock worth $33,000 after acquiring an additional 104 shares during the last quarter. Finally, Newbridge Financial Services Group Inc. bought a new position in Cintas in the 4th quarter worth $34,000. Hedge funds and other institutional investors own 63.46% of the company’s stock.

Wall Street Analysts Forecast Growth

Several research firms have recently commented on CTAS. The Goldman Sachs Group raised their price objective on Cintas from $211.00 to $233.00 and gave the stock a “buy” rating in a research note on Thursday, March 27th. UBS Group increased their price objective on shares of Cintas from $218.00 to $240.00 and gave the stock a “buy” rating in a research note on Thursday, March 27th. Morgan Stanley lifted their target price on shares of Cintas from $195.00 to $213.00 and gave the company an “equal weight” rating in a research note on Thursday, March 27th. Royal Bank of Canada reissued a “sector perform” rating and set a $215.00 target price on shares of Cintas in a research note on Thursday, March 27th. Finally, Wells Fargo & Company lifted their price objective on shares of Cintas from $184.00 to $196.00 and gave the company an “underweight” rating in a research report on Thursday, March 27th. Two equities research analysts have rated the stock with a sell rating, seven have issued a hold rating and five have assigned a buy rating to the company. According to MarketBeat, Cintas presently has an average rating of “Hold” and an average target price of $210.58.

Cintas Stock Down 7.1 %

Cintas stock opened at $190.33 on Monday. The firm has a market cap of $76.81 billion, a P/E ratio of 45.89, a P/E/G ratio of 3.98 and a beta of 1.20. 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 Co. has a twelve month low of $162.16 and a twelve month high of $228.12. The business has a fifty day moving average of $201.48 and a two-hundred day moving average of $204.57.

Cintas (NASDAQ:CTAS) last posted its quarterly earnings results on Wednesday, March 26th. The business services provider reported $1.13 earnings per share for the quarter, beating the consensus estimate of $1.05 by $0.08. The business had revenue of $2.61 billion for the quarter, compared to the consensus estimate of $2.60 billion. Cintas had a return on equity of 40.62% and a net margin of 17.23%. The company’s quarterly revenue was up 8.4% compared to the same quarter last year. During the same quarter in the previous year, the business earned $3.84 EPS. On average, analysts forecast that Cintas Co. will post 4.31 earnings per share for the current fiscal year.

Cintas Dividend Announcement

The firm also recently declared a quarterly dividend, which was paid on Friday, March 14th. Stockholders of record on Friday, February 14th were paid a $0.39 dividend. This represents a $1.56 annualized dividend and a dividend yield of 0.82%. The ex-dividend date was Friday, February 14th. Cintas’s dividend payout ratio is currently 36.11%.

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.