Cintas Co. (NASDAQ:CTAS) Position Trimmed by Yousif Capital Management LLC

Yousif Capital Management LLC trimmed its holdings in shares of Cintas Co. (NASDAQ:CTAS) by 3.8% in the fourth quarter, HoldingsChannel reports. The institutional investor owned 29,863 shares of the business services provider’s stock after selling 1,177 shares during the quarter. Yousif Capital Management LLC’s holdings in Cintas were worth $17,997,000 at the end of the most recent reporting period.

Other large investors have also recently added to or reduced their stakes in the company. Janiczek Wealth Management LLC boosted its holdings in Cintas by 113.0% during the fourth quarter. Janiczek Wealth Management LLC now owns 49 shares of the business services provider’s stock worth $30,000 after buying an additional 26 shares in the last quarter. Catalyst Capital Advisors LLC boosted its stake in Cintas by 33.9% in the 3rd quarter. Catalyst Capital Advisors LLC now owns 75 shares of the business services provider’s stock worth $36,000 after purchasing an additional 19 shares during the period. Impact Partnership Wealth LLC boosted its stake in Cintas by 2,050.0% in the 3rd quarter. Impact Partnership Wealth LLC now owns 86 shares of the business services provider’s stock worth $41,000 after purchasing an additional 82 shares during the period. Raleigh Capital Management Inc. boosted its stake in Cintas by 66.7% in the 3rd quarter. Raleigh Capital Management Inc. now owns 85 shares of the business services provider’s stock worth $41,000 after purchasing an additional 34 shares during the period. Finally, Ancora Advisors LLC boosted its stake in Cintas by 2,833.3% in the 3rd quarter. Ancora Advisors LLC now owns 88 shares of the business services provider’s stock worth $43,000 after purchasing an additional 85 shares during the period. 63.46% of the stock is currently owned by institutional investors.

Cintas Stock Up 0.2 %

Shares of Cintas stock traded up $1.33 during midday trading on Tuesday, reaching $666.33. 542,825 shares of the company’s stock traded hands, compared to its average volume of 346,891. The company has a market cap of $67.55 billion, a price-to-earnings ratio of 46.02, a price-to-earnings-growth ratio of 3.87 and a beta of 1.27. The company’s 50 day simple moving average is $645.27 and its 200 day simple moving average is $591.22. 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 Co. has a 52 week low of $438.59 and a 52 week high of $704.84.

Cintas (NASDAQ:CTAS) last released its quarterly earnings results on Wednesday, March 27th. The business services provider reported $3.84 earnings per share for the quarter, beating analysts’ consensus estimates of $3.58 by $0.26. The business had revenue of $2.41 billion for the quarter, compared to the consensus estimate of $2.39 billion. Cintas had a net margin of 15.98% and a return on equity of 37.19%. Cintas’s revenue for the quarter was up 9.9% on a year-over-year basis. During the same quarter last year, the firm earned $3.14 EPS. Equities analysts expect that Cintas Co. will post 14.95 earnings per share for the current fiscal year.

Cintas Dividend Announcement

The company also recently announced a quarterly dividend, which will be paid on Friday, June 14th. Investors of record on Wednesday, May 15th will be paid a $1.35 dividend. The ex-dividend date is Tuesday, May 14th. This represents a $5.40 dividend on an annualized basis and a yield of 0.81%. Cintas’s payout ratio is presently 37.29%.

Analysts Set New Price Targets

A number of equities analysts recently commented on the stock. Oppenheimer reaffirmed a “market perform” rating on shares of Cintas in a research note on Monday, April 1st. UBS Group raised their price objective on shares of Cintas from $680.00 to $790.00 and gave the stock a “buy” rating in a research note on Thursday, March 28th. Robert W. Baird increased their target price on shares of Cintas from $660.00 to $750.00 and gave the stock an “outperform” rating in a research report on Thursday, March 28th. Barclays increased their target price on shares of Cintas from $630.00 to $700.00 and gave the stock an “overweight” rating in a research report on Thursday, February 29th. Finally, StockNews.com upgraded shares of Cintas from a “hold” rating to a “buy” rating in a research report on Monday, March 25th. Six research analysts have rated the stock with a hold rating and nine have given a buy rating to the company’s stock. Based on data from MarketBeat.com, Cintas presently has an average rating of “Moderate Buy” and a consensus target price of $661.21.

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.