Exchange Traded Concepts LLC Trims Position in Cintas Corporation $CTAS

Exchange Traded Concepts LLC trimmed its position in Cintas Corporation (NASDAQ:CTAS) by 16.3% during the 4th quarter, according to its most recent Form 13F filing with the SEC. The fund owned 29,435 shares of the business services provider’s stock after selling 5,723 shares during the period. Exchange Traded Concepts LLC’s holdings in Cintas were worth $5,536,000 as of its most recent SEC filing.

A number of other large investors have also made changes to their positions in CTAS. Beacon Investment Advisors LLC boosted its holdings in shares of Cintas by 3.2% in the second quarter. Beacon Investment Advisors LLC now owns 1,725 shares of the business services provider’s stock worth $381,000 after buying an additional 53 shares during the last quarter. Woodward Diversified Capital LLC increased its holdings in Cintas by 4.7% during the third quarter. Woodward Diversified Capital LLC now owns 1,229 shares of the business services provider’s stock valued at $252,000 after buying an additional 55 shares during the last quarter. Continuum Advisory LLC increased its holdings in Cintas by 0.8% during the third quarter. Continuum Advisory LLC now owns 6,894 shares of the business services provider’s stock valued at $1,415,000 after buying an additional 56 shares during the last quarter. Mather Group LLC. raised its position in Cintas by 1.4% in the fourth quarter. Mather Group LLC. now owns 4,381 shares of the business services provider’s stock worth $824,000 after acquiring an additional 59 shares during the period. Finally, Oakworth Capital Inc. raised its position in Cintas by 4.8% in the third quarter. Oakworth Capital Inc. now owns 1,300 shares of the business services provider’s stock worth $267,000 after acquiring an additional 60 shares during the period. 63.46% of the stock is currently owned by institutional investors.

Cintas Stock Up 1.8%

CTAS opened at $168.66 on Tuesday. The stock has a market cap of $67.45 billion, a price-to-earnings ratio of 49.17, a price-to-earnings-growth ratio of 2.97 and a beta of 0.95. The company has a debt-to-equity ratio of 0.51, a quick ratio of 1.74 and a current ratio of 1.98. The firm’s fifty day moving average is $192.41 and its 200 day moving average is $191.16. Cintas Corporation has a fifty-two week low of $165.60 and a fifty-two week high of $229.24.

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

Cintas Dividend Announcement

The firm also recently announced a quarterly dividend, which was paid on Friday, March 13th. Investors of record on Friday, February 13th were given a dividend of $0.45 per share. The ex-dividend date was Friday, February 13th. This represents a $1.80 annualized dividend and a dividend yield of 1.1%. Cintas’s dividend payout ratio (DPR) is currently 52.48%.

Wall Street Analyst Weigh In

Several research analysts have recently weighed in on CTAS shares. Weiss Ratings upgraded shares of Cintas from a “hold (c+)” rating to a “buy (b-)” rating in a research note on Tuesday, March 17th. Morgan Stanley reduced their price objective 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. Argus upgraded Cintas to a “strong-buy” rating in a research report on Wednesday, January 21st. Bank of America initiated coverage on Cintas in a report on Tuesday, February 17th. They set a “neutral” rating and a $215.00 price target for the company. Finally, UBS Group restated a “buy” rating on shares of Cintas in a research report on Thursday, March 12th. One research analyst has rated the stock with a Strong Buy rating, six have assigned a Buy rating, six have assigned a Hold rating and one has issued a Sell rating to the stock. According to data from MarketBeat, the company presently has a consensus rating of “Moderate Buy” and an average target price of $216.92.

Cintas Company 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.