Faithward Advisors LLC Sells 22,699 Shares of Cintas Corporation $CTAS

Faithward Advisors LLC trimmed its stake in Cintas Corporation (NASDAQ:CTAS) by 90.0% in the third quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The firm owned 2,518 shares of the business services provider’s stock after selling 22,699 shares during the quarter. Faithward Advisors LLC’s holdings in Cintas were worth $517,000 as of its most recent SEC filing.

Other hedge funds and other institutional investors have also recently bought and sold shares of the company. Sunbelt Securities Inc. raised its holdings in shares of Cintas by 186.1% during the third quarter. Sunbelt Securities Inc. now owns 309 shares of the business services provider’s stock valued at $63,000 after purchasing an additional 201 shares during the period. Coldstream Capital Management Inc. grew its stake in shares of Cintas by 33.7% in the 3rd quarter. Coldstream Capital Management Inc. now owns 7,978 shares of the business services provider’s stock valued at $1,638,000 after buying an additional 2,013 shares during the period. Danske Bank A S acquired a new stake in shares of Cintas in the 3rd quarter valued at about $40,675,000. Caitong International Asset Management Co. Ltd increased its position in Cintas by 113.5% in the 3rd quarter. Caitong International Asset Management Co. Ltd now owns 269 shares of the business services provider’s stock valued at $55,000 after buying an additional 143 shares in the last quarter. Finally, GM Advisory Group LLC raised its stake in Cintas by 6.7% during the 3rd quarter. GM Advisory Group LLC now owns 2,624 shares of the business services provider’s stock worth $539,000 after buying an additional 165 shares during the period. 63.46% of the stock is owned by institutional investors.

Cintas Stock Down 3.8%

CTAS stock opened at $185.44 on Thursday. The firm has a market capitalization of $74.16 billion, a PE ratio of 54.06, a P/E/G ratio of 3.48 and a beta of 0.95. The company has a quick ratio of 1.49, a current ratio of 1.71 and a debt-to-equity ratio of 0.54. Cintas Corporation has a twelve month low of $180.39 and a twelve month high of $229.24. The stock’s 50 day moving average is $195.39 and its 200-day moving average is $192.92.

Cintas (NASDAQ:CTAS) last announced its quarterly earnings results on Thursday, December 18th. The business services provider reported $1.21 earnings per share (EPS) for the quarter, topping the consensus estimate of $1.20 by $0.01. The business had revenue of $2.80 billion during the quarter, compared to the consensus estimate of $2.77 billion. Cintas had a return on equity of 41.07% and a net margin of 17.58%.Cintas’s revenue was up 9.3% compared to the same quarter last year. During the same quarter in the prior year, the company posted $1.09 earnings per share. Sell-side analysts expect that Cintas Corporation will post 4.31 EPS for the current fiscal year.

Cintas Announces Dividend

The company also recently announced a quarterly dividend, which was paid on Friday, March 13th. Stockholders of record on Friday, February 13th were paid a $0.45 dividend. The ex-dividend date was Friday, February 13th. This represents a $1.80 annualized dividend and a dividend yield of 1.0%. Cintas’s dividend payout ratio is presently 52.48%.

Analyst Ratings Changes

Several brokerages have issued reports on CTAS. Morgan Stanley cut their price target on Cintas from $220.00 to $210.00 and set an “equal weight” rating on the stock in a report on Wednesday, December 17th. Argus upgraded Cintas to a “strong-buy” rating in a report on Wednesday, January 21st. UBS Group reaffirmed a “buy” rating on shares of Cintas in a research report on Thursday, March 12th. Royal Bank Of Canada reissued a “sector perform” rating and issued a $206.00 price target on shares of Cintas in a research report on Friday, December 19th. Finally, Bank of America started coverage on shares of Cintas in a research note on Tuesday, February 17th. They set a “neutral” rating and a $215.00 price target for the company. One equities research analyst has rated the stock with a Strong Buy rating, seven have given a Buy rating, five have assigned a Hold rating and one has assigned a Sell rating to the company. Based on data from MarketBeat.com, Cintas currently has a consensus rating of “Moderate Buy” and an average target price of $220.25.

About Cintas

Cintas Corporation (NASDAQ: CTAS) is a provider of business services and products focused on workplace appearance, safety and facility maintenance. The company is best known for its uniform rental and corporate apparel programs, which include rental, leasing and direct-purchase options, laundering and garment repair. Cintas markets its services to a wide range of end-users, including manufacturing, food service, healthcare, hospitality, retail and government customers.

Beyond uniforms, Cintas offers a suite of facility services and products designed to help organizations maintain clean, safe and compliant workplaces.