Financial Counselors Inc. Sells 508 Shares of Cintas Co. (NASDAQ:CTAS)

Financial Counselors Inc. reduced its holdings in shares of Cintas Co. (NASDAQ:CTAS) by 0.7% during the fourth quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The institutional investor owned 69,703 shares of the business services provider’s stock after selling 508 shares during the quarter. Financial Counselors Inc.’s holdings in Cintas were worth $12,735,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Other institutional investors also recently modified their holdings of the company. Great Valley Advisor Group Inc. purchased a new stake in shares of Cintas during the 3rd quarter valued at about $223,000. Kingsview Wealth Management LLC boosted its holdings in Cintas by 389.4% in the third quarter. Kingsview Wealth Management LLC now owns 4,874 shares of the business services provider’s stock worth $1,003,000 after purchasing an additional 3,878 shares during the last quarter. Fisher Asset Management LLC boosted its holdings in Cintas by 178.3% in the third quarter. Fisher Asset Management LLC now owns 2,460 shares of the business services provider’s stock worth $507,000 after purchasing an additional 1,576 shares during the last quarter. Loomis Sayles & Co. L P raised its stake in Cintas by 311.3% during the 3rd quarter. Loomis Sayles & Co. L P now owns 436 shares of the business services provider’s stock valued at $90,000 after buying an additional 330 shares during the last quarter. Finally, Truvestments Capital LLC bought a new position in shares of Cintas during the 3rd quarter valued at $59,000. 63.46% of the stock is owned by hedge funds and other institutional investors.

Cintas Stock Performance

NASDAQ CTAS opened at $204.71 on Thursday. The business has a 50-day moving average price of $200.75 and a 200-day moving average price of $208.89. The firm has a market cap of $82.61 billion, a price-to-earnings ratio of 49.36, a price-to-earnings-growth ratio of 3.98 and a beta of 1.41. Cintas Co. has a twelve month low of $162.16 and a twelve month high of $228.12. The company has a quick ratio of 1.38, a current ratio of 1.58 and a debt-to-equity ratio of 0.47.

Cintas (NASDAQ:CTAS) last posted its quarterly earnings results on Wednesday, March 26th. The business services provider reported $1.13 earnings per share for the quarter, topping the consensus estimate of $1.05 by $0.08. The business had revenue of $2.61 billion during the quarter, compared to the consensus estimate of $2.60 billion. Cintas had a return on equity of 40.62% and a net margin of 17.23%. The firm’s revenue for the quarter was up 8.4% compared to the same quarter last year. During the same period in the prior year, the company posted $3.84 EPS. As a group, equities research analysts predict that Cintas Co. will post 4.31 EPS for the current fiscal year.

Cintas Announces Dividend

The business also recently disclosed a quarterly dividend, which was paid on Friday, March 14th. Shareholders of record on Friday, February 14th were issued a dividend of $0.39 per share. This represents a $1.56 annualized dividend and a dividend yield of 0.76%. The ex-dividend date was Friday, February 14th. Cintas’s dividend payout ratio (DPR) is presently 37.59%.

Analysts Set New Price Targets

CTAS has been the subject of several research analyst reports. Robert W. Baird cut their price objective on Cintas from $209.00 to $200.00 and set a “neutral” rating for the company in a report on Friday, December 20th. Wells Fargo & Company cut their price target on Cintas from $191.00 to $184.00 and set an “underweight” rating for the company in a research note on Friday, December 20th. The Goldman Sachs Group lowered their price objective on shares of Cintas from $236.00 to $211.00 and set a “buy” rating on the stock in a research note on Friday, December 20th. Morgan Stanley boosted their target price on shares of Cintas from $185.00 to $202.00 and gave the company an “equal weight” rating in a research report on Thursday, December 12th. Finally, UBS Group decreased their price target on shares of Cintas from $240.00 to $218.00 and set a “buy” rating on the stock in a research report on Friday, December 20th. Two investment analysts have rated the stock with a sell rating, nine have given a hold rating and six have given a buy rating to the company. Based on data from MarketBeat.com, the stock currently has an average rating of “Hold” and an average price target of $199.79.

Cintas Profile

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.