Franklin Street Advisors Inc. NC Has $20.59 Million Stock Position in Cintas Corporation $CTAS

Franklin Street Advisors Inc. NC lowered its position in shares of Cintas Corporation (NASDAQ:CTAS) by 8.5% in the fourth quarter, according to its most recent disclosure with the SEC. The institutional investor owned 109,460 shares of the business services provider’s stock after selling 10,201 shares during the quarter. Cintas comprises 1.2% of Franklin Street Advisors Inc. NC’s holdings, making the stock its 28th biggest position. Franklin Street Advisors Inc. NC’s holdings in Cintas were worth $20,586,000 at the end of the most recent quarter.

A number of other hedge funds and other institutional investors also recently modified their holdings of the company. Prime Capital Investment Advisors LLC lifted its holdings in shares of Cintas by 1.7% during the fourth quarter. Prime Capital Investment Advisors LLC now owns 11,103 shares of the business services provider’s stock worth $2,088,000 after buying an additional 184 shares in the last quarter. Oak Thistle LLC acquired a new stake in shares of Cintas during the fourth quarter worth $3,309,000. Azzad Asset Management Inc. ADV lifted its holdings in shares of Cintas by 16.4% during the fourth quarter. Azzad Asset Management Inc. ADV now owns 29,226 shares of the business services provider’s stock worth $5,497,000 after buying an additional 4,117 shares in the last quarter. Rydar Equities Inc. raised its stake in Cintas by 18.4% in the fourth quarter. Rydar Equities Inc. now owns 3,164 shares of the business services provider’s stock valued at $595,000 after purchasing an additional 492 shares in the last quarter. Finally, Portside Wealth Group LLC raised its stake in Cintas by 17.1% in the fourth quarter. Portside Wealth Group LLC now owns 1,763 shares of the business services provider’s stock valued at $332,000 after purchasing an additional 257 shares in the last quarter. Institutional investors and hedge funds own 63.46% of the company’s stock.

Cintas Stock Up 2.5%

CTAS stock opened at $174.59 on Thursday. The company has a market cap of $69.82 billion, a PE ratio of 49.32, a price-to-earnings-growth ratio of 3.12 and a beta of 1.01. The business has a 50-day simple moving average of $189.55 and a 200 day simple moving average of $189.86. Cintas Corporation has a 52 week low of $165.60 and a 52 week high of $229.24. The company has a quick ratio of 1.74, a current ratio of 1.98 and a debt-to-equity ratio of 0.51.

Cintas (NASDAQ:CTAS) last issued its earnings results on Wednesday, March 25th. The business services provider reported $1.24 EPS for the quarter, hitting the consensus estimate of $1.24. The firm had revenue of $2.84 billion during the quarter, compared to the consensus estimate of $2.82 billion. Cintas had a return on equity of 41.47% and a net margin of 17.57%.The business’s quarterly revenue was up 8.9% on a year-over-year basis. During the same quarter in the previous year, the firm earned $1.13 earnings per share. Sell-side analysts anticipate that Cintas Corporation will post 4.31 EPS for the current fiscal year.

Cintas Announces Dividend

The firm also recently announced a quarterly dividend, which was paid on Friday, March 13th. Shareholders of record on Friday, February 13th were paid a dividend of $0.45 per share. The ex-dividend date of this dividend was Friday, February 13th. This represents a $1.80 annualized dividend and a yield of 1.0%. Cintas’s payout ratio is presently 50.85%.

Analyst Ratings Changes

A number of research analysts recently commented on the company. UBS Group reaffirmed a “buy” rating on shares of Cintas in a research note on Thursday, March 12th. Morgan Stanley dropped their price target on Cintas from $220.00 to $210.00 and set an “equal weight” rating for the company in a research note on Wednesday, December 17th. Stifel Nicolaus dropped their price target on Cintas from $222.00 to $190.00 and set a “hold” rating for the company in a research note on Thursday, March 26th. Robert W. Baird raised Cintas from a “neutral” rating to an “outperform” rating and set a $250.00 price target for the company in a research note on Wednesday, March 11th. Finally, Weiss Ratings downgraded Cintas from a “buy (b-)” rating to a “hold (c+)” rating in a research note on Wednesday, April 1st. One analyst has rated the stock with a Strong Buy rating, five have assigned a Buy rating, seven have given a Hold rating and one has given a Sell rating to the company. Based on data from MarketBeat.com, the company presently has an average rating of “Hold” and an average target price of $215.17.

Cintas Profile

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.