Cintas Co. (NASDAQ:CTAS) Stock Position Reduced by Signaturefd LLC

Signaturefd LLC trimmed its position in Cintas Co. (NASDAQ:CTAS) by 7.0% in the fourth quarter, Holdings Channel.com reports. The fund owned 1,392 shares of the business services provider’s stock after selling 105 shares during the period. Signaturefd LLC’s holdings in Cintas were worth $839,000 as of its most recent filing with the Securities and Exchange Commission.

Other institutional investors and hedge funds have also made changes to their positions in the company. Dynamic Advisor Solutions LLC lifted its position in shares of Cintas by 7.9% in the 3rd quarter. Dynamic Advisor Solutions LLC now owns 549 shares of the business services provider’s stock worth $264,000 after buying an additional 40 shares during the last quarter. CWM LLC boosted its stake in Cintas by 5.6% in the third quarter. CWM LLC now owns 1,797 shares of the business services provider’s stock valued at $864,000 after acquiring an additional 96 shares during the period. AE Wealth Management LLC raised its position in shares of Cintas by 3.9% during the 3rd quarter. AE Wealth Management LLC now owns 3,758 shares of the business services provider’s stock worth $1,808,000 after purchasing an additional 140 shares during the period. Geneos Wealth Management Inc. lifted its holdings in shares of Cintas by 306.5% in the 3rd quarter. Geneos Wealth Management Inc. now owns 126 shares of the business services provider’s stock worth $61,000 after purchasing an additional 95 shares during the last quarter. Finally, HB Wealth Management LLC boosted its stake in Cintas by 18.7% during the 3rd quarter. HB Wealth Management LLC now owns 1,250 shares of the business services provider’s stock valued at $601,000 after purchasing an additional 197 shares during the period. 63.46% of the stock is owned by institutional investors and hedge funds.

Cintas Price Performance

Cintas stock opened at $665.00 on Tuesday. The company has a market capitalization of $67.41 billion, a price-to-earnings ratio of 45.93, a PEG ratio of 3.87 and a beta of 1.27. The stock’s 50 day moving average is $644.07 and its 200-day moving average is $590.00. The company has a current ratio of 2.38, a quick ratio of 2.03 and a debt-to-equity ratio of 0.58. Cintas Co. has a 12 month low of $438.59 and a 12 month high of $704.84.

Cintas (NASDAQ:CTAS) last posted its earnings results on Wednesday, March 27th. The business services provider reported $3.84 earnings per share for the quarter, topping analysts’ consensus estimates of $3.58 by $0.26. Cintas had a return on equity of 37.19% and a net margin of 15.98%. The company had revenue of $2.41 billion during the quarter, compared to the consensus estimate of $2.39 billion. During the same quarter last year, the firm earned $3.14 earnings per share. The company’s revenue was up 9.9% on a year-over-year basis. Equities research analysts expect that Cintas Co. will post 14.95 EPS for the current year.

Cintas Announces Dividend

The firm also recently declared a quarterly dividend, which will be paid on Friday, June 14th. Stockholders of record on Wednesday, May 15th will be given a $1.35 dividend. The ex-dividend date is Tuesday, May 14th. This represents a $5.40 dividend on an annualized basis and a dividend yield of 0.81%. Cintas’s payout ratio is 37.29%.

Analyst Upgrades and Downgrades

Several research analysts have recently issued reports on the stock. Oppenheimer reiterated a “market perform” rating on shares of Cintas in a report on Monday, April 1st. Truist Financial lifted their target price on Cintas from $660.00 to $775.00 and gave the stock a “buy” rating in a report on Thursday, March 28th. Robert W. Baird raised their price objective on shares of Cintas from $660.00 to $750.00 and gave the company an “outperform” rating in a research report on Thursday, March 28th. Bank of America increased their target price on shares of Cintas from $700.00 to $790.00 and gave the company a “buy” rating in a research note on Thursday, March 28th. Finally, The Goldman Sachs Group raised their price objective on Cintas from $673.00 to $765.00 and gave the stock a “buy” rating in a research note on Thursday, March 28th. Six investment analysts have rated the stock with a hold rating and nine have assigned a buy rating to the stock. According to MarketBeat, the stock presently has an average rating of “Moderate Buy” and an average target price of $661.21.

Cintas Profile

Cintas Corporation provides 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.