KMG Fiduciary Partners LLC Has $2.11 Million Stake in Cintas Co. (NASDAQ:CTAS)

KMG Fiduciary Partners LLC increased its stake in shares of Cintas Co. (NASDAQ:CTAS) by 121.8% during the fourth quarter, HoldingsChannel.com reports. The fund owned 11,545 shares of the business services provider’s stock after purchasing an additional 6,341 shares during the period. KMG Fiduciary Partners LLC’s holdings in Cintas were worth $2,109,000 as of its most recent SEC filing.

Other hedge funds have also made changes to their positions in the company. Moors & Cabot Inc. grew its holdings in Cintas by 6.9% in the 2nd quarter. Moors & Cabot Inc. now owns 757 shares of the business services provider’s stock valued at $530,000 after buying an additional 49 shares during the last quarter. Edgestream Partners L.P. grew its holdings in Cintas by 74.1% in the 2nd quarter. Edgestream Partners L.P. now owns 2,463 shares of the business services provider’s stock valued at $1,725,000 after buying an additional 1,048 shares during the last quarter. Axxcess Wealth Management LLC grew its holdings in Cintas by 0.5% in the 2nd quarter. Axxcess Wealth Management LLC now owns 2,905 shares of the business services provider’s stock valued at $2,034,000 after buying an additional 14 shares during the last quarter. E Fund Management Co. Ltd. grew its holdings in Cintas by 1.9% in the 2nd quarter. E Fund Management Co. Ltd. now owns 997 shares of the business services provider’s stock valued at $698,000 after buying an additional 19 shares during the last quarter. Finally, Argent Trust Co grew its holdings in Cintas by 45.8% in the 2nd quarter. Argent Trust Co now owns 2,543 shares of the business services provider’s stock valued at $1,781,000 after buying an additional 799 shares during the last quarter. Institutional investors and hedge funds own 63.46% of the company’s stock.

Wall Street Analyst Weigh In

A number of analysts have issued reports on CTAS shares. The Goldman Sachs Group lowered their target price on Cintas from $236.00 to $211.00 and set a “buy” rating on the stock in a report on Friday, December 20th. Royal Bank of Canada reiterated a “sector perform” rating and issued a $215.00 price objective on shares of Cintas in a research report on Friday, December 20th. Morgan Stanley raised their price objective on Cintas from $185.00 to $202.00 and gave the stock an “equal weight” rating in a research report on Thursday, December 12th. Barclays raised their price objective on Cintas from $210.00 to $245.00 and gave the stock an “overweight” rating in a research report on Friday, September 27th. Finally, UBS Group reduced their price objective on Cintas from $240.00 to $218.00 and set a “buy” rating for the company in a research report on Friday, December 20th. Two analysts have rated the stock with a sell rating, nine have issued a hold rating and six have issued a buy rating to the stock. According to data from MarketBeat.com, the stock presently has an average rating of “Hold” and a consensus target price of $198.46.

Cintas Trading Up 1.2 %

Shares of CTAS opened at $198.05 on Friday. The stock has a fifty day moving average price of $206.18 and a two-hundred day moving average price of $204.81. The company has a debt-to-equity ratio of 0.47, a quick ratio of 1.38 and a current ratio of 1.58. Cintas Co. has a 52-week low of $146.29 and a 52-week high of $228.12. The company has a market cap of $79.92 billion, a price-to-earnings ratio of 47.75, a PEG ratio of 3.65 and a beta of 1.37.

Cintas (NASDAQ:CTAS) last issued its quarterly earnings data on Thursday, December 19th. The business services provider reported $1.09 earnings per share (EPS) for the quarter, beating the consensus estimate of $1.01 by $0.08. Cintas had a return on equity of 40.62% and a net margin of 17.23%. The firm had revenue of $2.56 billion during the quarter, compared to the consensus estimate of $2.56 billion. During the same quarter in the previous year, the company posted $3.61 EPS. The business’s revenue for the quarter was up 7.8% compared to the same quarter last year. Analysts predict that Cintas Co. will post 4.31 EPS for the current fiscal year.

Cintas Announces Dividend

The firm also recently disclosed a quarterly dividend, which will be paid on Friday, March 14th. Shareholders of record on Friday, February 14th will be given a $0.39 dividend. The ex-dividend date is Friday, February 14th. This represents a $1.56 annualized dividend and a yield of 0.79%. Cintas’s payout ratio is 37.61%.

About Cintas

Cintas Corporation engages in the provision of 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.