Sigma Planning Corp Lowers Stock Holdings in Cintas Co. (NASDAQ:CTAS)

Sigma Planning Corp lowered its position in Cintas Co. (NASDAQ:CTAS) by 42.8% in the fourth quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 399 shares of the business services provider’s stock after selling 299 shares during the period. Sigma Planning Corp’s holdings in Cintas were worth $240,000 as of its most recent filing with the Securities & Exchange Commission.

A number of other hedge funds have also recently added to or reduced their stakes in CTAS. Janiczek Wealth Management LLC lifted its position in Cintas by 113.0% in the fourth quarter. Janiczek Wealth Management LLC now owns 49 shares of the business services provider’s stock valued at $30,000 after purchasing an additional 26 shares during the period. Catalyst Capital Advisors LLC lifted its position in Cintas by 33.9% in the third quarter. Catalyst Capital Advisors LLC now owns 75 shares of the business services provider’s stock valued at $36,000 after purchasing an additional 19 shares during the period. Raleigh Capital Management Inc. lifted its position in Cintas by 66.7% in the third quarter. Raleigh Capital Management Inc. now owns 85 shares of the business services provider’s stock valued at $41,000 after purchasing an additional 34 shares during the period. Ancora Advisors LLC lifted its position in shares of Cintas by 2,833.3% during the 3rd quarter. Ancora Advisors LLC now owns 88 shares of the business services provider’s stock valued at $43,000 after acquiring an additional 85 shares during the period. Finally, Operose Advisors LLC lifted its position in shares of Cintas by 944.4% during the 3rd quarter. Operose Advisors LLC now owns 94 shares of the business services provider’s stock valued at $45,000 after acquiring an additional 85 shares during the period. Institutional investors and hedge funds own 63.46% of the company’s stock.

Analyst Ratings Changes

CTAS has been the subject of a number of research reports. Deutsche Bank Aktiengesellschaft lifted their price target on shares of Cintas from $629.00 to $726.00 and gave the company a “hold” rating in a research report on Thursday, March 28th. Royal Bank of Canada raised their price objective on shares of Cintas from $675.00 to $725.00 and gave the stock an “outperform” rating in a research note on Thursday, March 28th. Robert W. Baird raised their price objective on shares of Cintas from $660.00 to $750.00 and gave the stock an “outperform” rating in a research note on Thursday, March 28th. Bank of America raised their price objective on shares of Cintas from $700.00 to $790.00 and gave the stock a “buy” rating in a research note on Thursday, March 28th. Finally, Barclays raised their price objective on shares of Cintas from $630.00 to $700.00 and gave the stock an “overweight” rating in a research note on Thursday, February 29th. Six research analysts have rated the stock with a hold rating and nine have assigned a buy rating to the company. According to MarketBeat, the company has an average rating of “Moderate Buy” and a consensus price target of $661.21.

Cintas Stock Up 0.1 %

CTAS stock opened at $666.23 on Monday. Cintas Co. has a one year low of $440.01 and a one year high of $704.84. The company has a 50 day moving average price of $648.22 and a two-hundred day moving average price of $594.56. The stock has a market capitalization of $67.54 billion, a P/E ratio of 46.01, a PEG ratio of 3.90 and a beta of 1.27. The company has a debt-to-equity ratio of 0.58, a quick ratio of 2.03 and a current ratio of 2.38.

Cintas (NASDAQ:CTAS) last announced its quarterly earnings data on Wednesday, March 27th. The business services provider reported $3.84 earnings per share (EPS) for the quarter, beating the consensus estimate of $3.58 by $0.26. Cintas had a net margin of 15.98% and a return on equity of 37.19%. The company had revenue of $2.41 billion during the quarter, compared to analysts’ expectations of $2.39 billion. During the same period in the previous year, the company earned $3.14 EPS. The business’s quarterly revenue was up 9.9% compared to the same quarter last year. As a group, sell-side analysts expect that Cintas Co. will post 14.95 EPS for the current year.

Cintas Dividend Announcement

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

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.