Herold Advisors Inc. Trims Position in Cintas Co. (NASDAQ:CTAS)

Herold Advisors Inc. trimmed its position in Cintas Co. (NASDAQ:CTAS) by 2.1% during the fourth quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor owned 5,026 shares of the business services provider’s stock after selling 110 shares during the quarter. Herold Advisors Inc.’s holdings in Cintas were worth $3,029,000 at the end of the most recent quarter.

A number of other large investors also recently modified their holdings of the company. Columbus Macro LLC raised its stake in Cintas by 1.2% in the fourth quarter. Columbus Macro LLC now owns 1,453 shares of the business services provider’s stock valued at $871,000 after purchasing an additional 17 shares in the last quarter. Quent Capital LLC raised its position in Cintas by 22.8% in the 4th quarter. Quent Capital LLC now owns 97 shares of the business services provider’s stock worth $59,000 after purchasing an additional 18 shares during the period. Greenleaf Trust lifted its stake in Cintas by 1.0% in the third quarter. Greenleaf Trust now owns 1,899 shares of the business services provider’s stock worth $913,000 after purchasing an additional 19 shares during the last quarter. Catalyst Capital Advisors LLC lifted its stake in Cintas by 33.9% in the third 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 last quarter. Finally, KMG Fiduciary Partners LLC grew its stake in shares of Cintas by 1.6% during the third quarter. KMG Fiduciary Partners LLC now owns 1,338 shares of the business services provider’s stock valued at $644,000 after buying an additional 21 shares during the last quarter. 63.46% of the stock is currently owned by institutional investors.

Cintas Trading Up 0.1 %

Shares of NASDAQ CTAS opened at $666.23 on Friday. Cintas Co. has a 1 year low of $440.01 and a 1 year high of $704.84. The stock has a market cap of $67.54 billion, a P/E ratio of 46.01, a price-to-earnings-growth ratio of 3.90 and a beta of 1.27. The firm has a 50-day moving average of $648.22 and a 200 day moving average of $593.38. The company has a debt-to-equity ratio of 0.58, a current ratio of 2.38 and a quick ratio of 2.03.

Cintas (NASDAQ:CTAS) last issued its quarterly earnings results on Wednesday, March 27th. The business services provider reported $3.84 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates 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 last year, the company posted $3.14 EPS. Cintas’s revenue was up 9.9% on a year-over-year basis. As a group, sell-side analysts expect that Cintas Co. will post 14.95 EPS for the current fiscal year.

Cintas Dividend Announcement

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

Wall Street Analyst Weigh In

Several equities analysts recently issued reports on CTAS shares. Robert W. Baird raised their price target on Cintas from $660.00 to $750.00 and gave the stock an “outperform” rating in a research report on Thursday, March 28th. StockNews.com raised shares of Cintas from a “hold” rating to a “buy” rating in a report on Monday, March 25th. Oppenheimer reissued a “market perform” rating on shares of Cintas in a report on Monday, April 1st. Royal Bank of Canada raised their price target on shares of Cintas from $675.00 to $725.00 and gave the stock an “outperform” rating in a report on Thursday, March 28th. Finally, UBS Group lifted their target price on shares of Cintas from $680.00 to $790.00 and gave the company a “buy” rating in a research note on Thursday, March 28th. Six equities research analysts have rated the stock with a hold rating and nine have assigned a buy rating to the company’s stock. According to data from MarketBeat.com, Cintas currently has an average rating of “Moderate Buy” and an average target price of $661.21.

About Cintas

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.