Cambridge Investment Research Advisors Inc. Trims Stock Position in Cintas Co. (NASDAQ:CTAS)

Cambridge Investment Research Advisors Inc. cut its stake in Cintas Co. (NASDAQ:CTAS – Get Rating) by 10.4% in the 4th quarter, according to its most recent filing with the Securities and Exchange Commission. The institutional investor owned 4,569 shares of the business services provider’s stock after selling 531 shares during the quarter. Cambridge Investment Research Advisors Inc.’s holdings in Cintas were worth $2,063,000 at the end of the most recent quarter.

Several other institutional investors also recently bought and sold shares of CTAS. HWG Holdings LP acquired a new position in shares of Cintas during the 3rd quarter worth approximately $27,000. Quent Capital LLC lifted its position in Cintas by 169.2% during the third quarter. Quent Capital LLC now owns 70 shares of the business services provider’s stock worth $27,000 after buying an additional 44 shares during the period. Fiduciary Alliance LLC acquired a new stake in Cintas during the fourth quarter worth about $27,000. Exchange Traded Concepts LLC grew its stake in Cintas by 680.0% during the 4th quarter. Exchange Traded Concepts LLC now owns 78 shares of the business services provider’s stock valued at $35,000 after purchasing an additional 68 shares in the last quarter. Finally, Mitsubishi UFJ Morgan Stanley Securities Co. Ltd. bought a new stake in shares of Cintas in the 4th quarter worth approximately $36,000. 61.92% of the stock is owned by hedge funds and other institutional investors.

Cintas Stock Down 1.1 %

Shares of NASDAQ CTAS opened at $469.06 on Tuesday. The company has a market cap of $47.70 billion, a price-to-earnings ratio of 37.65, a PEG ratio of 3.17 and a beta of 1.34. The firm’s fifty day moving average is $451.74 and its 200 day moving average is $446.73. Cintas Co. has a 52 week low of $343.86 and a 52 week high of $478.39. The company has a quick ratio of 1.71, a current ratio of 2.10 and a debt-to-equity ratio of 0.68.

Cintas (NASDAQ:CTAS – Get Rating) last posted its quarterly earnings results on Wednesday, March 29th. The business services provider reported $3.14 earnings per share for the quarter, topping the consensus estimate of $3.01 by $0.13. Cintas had a return on equity of 38.12% and a net margin of 15.06%. The business had revenue of $2.19 billion during the quarter, compared to the consensus estimate of $2.15 billion. During the same period in the prior year, the company posted $2.69 EPS. The firm’s revenue for the quarter was up 11.7% compared to the same quarter last year. On average, equities research analysts expect that Cintas Co. will post 12.83 earnings per share for the current year.

Cintas Dividend Announcement

The business also recently disclosed a quarterly dividend, which will be paid on Thursday, June 15th. Shareholders of record on Monday, May 15th will be paid a dividend of $1.15 per share. This represents a $4.60 dividend on an annualized basis and a yield of 0.98%. The ex-dividend date is Friday, May 12th. Cintas’s dividend payout ratio (DPR) is currently 36.92%.

Analyst Ratings Changes

A number of brokerages have weighed in on CTAS. Morgan Stanley boosted their price target on Cintas from $401.00 to $419.00 and gave the stock an “equal weight” rating in a research report on Thursday, March 30th. StockNews.com initiated coverage on shares of Cintas in a research note on Thursday, March 16th. They issued a “buy” rating on the stock. Robert W. Baird raised their price target on shares of Cintas from $500.00 to $512.00 and gave the stock an “outperform” rating in a research note on Thursday, March 30th. Bank of America lifted their target price on shares of Cintas from $513.00 to $523.00 and gave the company a “neutral” rating in a research note on Thursday, March 30th. Finally, Royal Bank of Canada reiterated an “outperform” rating and set a $525.00 price objective on shares of Cintas in a research report on Thursday, March 30th. Four equities research analysts have rated the stock with a hold rating and five have given a buy rating to the stock. According to MarketBeat.com, the company currently has a consensus rating of “Moderate Buy” and a consensus target price of $501.25.

About Cintas

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Cintas Corp. engages in the provision of corporate identity uniforms through rental and sales programs. It operates through the following segments: Uniform Rental and Facility Services, First Aid and Safety Services, and All Other. The Uniform Rental and Facility Services segment consists of the rental and servicing of uniforms and other garments including flame resistant clothing, mats, mops and shop towels, and other ancillary items.