Cintas Co. (NASDAQ:CTAS) Shares Sold by CNB Bank

CNB Bank cut its stake in shares of Cintas Co. (NASDAQ:CTAS) by 2.8% in the fourth quarter, according to the company in its most recent disclosure with the SEC. The institutional investor owned 4,069 shares of the business services provider’s stock after selling 119 shares during the quarter. CNB Bank’s holdings in Cintas were worth $743,000 at the end of the most recent reporting period.

A number of other large investors have also recently made changes to their positions in the company. Avanza Fonder AB purchased a new position in Cintas in the fourth quarter valued at $6,767,000. Wealthcare Advisory Partners LLC lifted its position in Cintas by 12.7% in the fourth quarter. Wealthcare Advisory Partners LLC now owns 7,445 shares of the business services provider’s stock valued at $1,360,000 after acquiring an additional 838 shares during the last quarter. KMG Fiduciary Partners LLC boosted its stake in Cintas by 121.8% in the fourth quarter. KMG Fiduciary Partners LLC now owns 11,545 shares of the business services provider’s stock valued at $2,109,000 after acquiring an additional 6,341 shares in the last quarter. Retireful LLC purchased a new position in shares of Cintas during the fourth quarter worth about $607,000. Finally, Ritholtz Wealth Management increased its position in shares of Cintas by 1.0% during the fourth quarter. Ritholtz Wealth Management now owns 27,784 shares of the business services provider’s stock worth $5,076,000 after purchasing an additional 285 shares in the last quarter. 63.46% of the stock is currently owned by hedge funds and other institutional investors.

Analyst Ratings Changes

A number of equities research analysts have weighed in on the company. Jefferies Financial Group reduced their price objective on Cintas from $730.00 to $200.00 and set a “hold” rating for the company in a research note on Thursday, September 26th. UBS Group dropped their target price on Cintas from $240.00 to $218.00 and set a “buy” rating on the stock in a report on Friday, December 20th. The Goldman Sachs Group decreased their price target on Cintas from $236.00 to $211.00 and set a “buy” rating for the company in a report on Friday, December 20th. Robert W. Baird dropped their price objective on shares of Cintas from $209.00 to $200.00 and set a “neutral” rating on the stock in a research note on Friday, December 20th. Finally, Morgan Stanley boosted their price target on shares of Cintas from $185.00 to $202.00 and gave the stock an “equal weight” rating in a research note on Thursday, December 12th. Two analysts have rated the stock with a sell rating, nine have assigned a hold rating and six have given a buy rating to the company. According to data from MarketBeat.com, the stock currently has a consensus rating of “Hold” and a consensus price target of $198.46.

Cintas Stock Performance

Shares of CTAS stock opened at $198.35 on Friday. The company’s fifty day simple moving average is $206.18 and its 200-day simple moving average is $204.81. The company has a current ratio of 1.58, a quick ratio of 1.38 and a debt-to-equity ratio of 0.47. Cintas Co. has a 52 week low of $146.63 and a 52 week high of $228.12. The company has a market cap of $80.04 billion, a PE ratio of 47.87, a P/E/G ratio of 3.65 and a beta of 1.37.

Cintas (NASDAQ:CTAS) last issued its quarterly earnings data 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 for the quarter, compared to analysts’ expectations of $2.56 billion. Cintas had a return on equity of 40.62% and a net margin of 17.23%. The firm’s quarterly revenue was up 7.8% on a year-over-year basis. During the same quarter in the previous year, the firm posted $3.61 earnings per share. As a group, equities research analysts anticipate that Cintas Co. will post 4.31 EPS for the current year.

Cintas Dividend Announcement

The company also recently disclosed a quarterly dividend, which will be paid on Friday, March 14th. Shareholders of record on Friday, February 14th will be issued a $0.39 dividend. The ex-dividend date is Friday, February 14th. This represents a $1.56 dividend on an annualized basis and a yield of 0.79%. Cintas’s dividend payout ratio is currently 37.61%.

About Cintas

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.