Tranquility Partners LLC Sells 19 Shares of Cintas Co. (NASDAQ:CTAS)

Tranquility Partners LLC lowered its stake in shares of Cintas Co. (NASDAQ:CTAS) by 2.9% in the fourth quarter, according to its most recent disclosure with the Securities & Exchange Commission. The firm owned 631 shares of the business services provider’s stock after selling 19 shares during the quarter. Tranquility Partners LLC’s holdings in Cintas were worth $380,000 at the end of the most recent quarter.

A number of other large investors have also recently added to or reduced their stakes in the stock. Janiczek Wealth Management LLC raised its stake 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 acquiring an additional 26 shares in the last quarter. Quarry LP increased its stake in shares of Cintas by 221.1% in the first quarter. Quarry LP now owns 61 shares of the business services provider’s stock valued at $28,000 after buying an additional 42 shares in the last quarter. Catalyst Capital Advisors LLC increased its stake in shares of Cintas by 33.9% in the third quarter. Catalyst Capital Advisors LLC now owns 75 shares of the business services provider’s stock valued at $36,000 after buying an additional 19 shares in the last quarter. Turtle Creek Wealth Advisors LLC acquired a new stake in shares of Cintas in the fourth quarter valued at $46,000. Finally, Sunbelt Securities Inc. acquired a new stake in shares of Cintas in the first quarter valued at $36,000. Institutional investors own 63.46% of the company’s stock.

Analyst Upgrades and Downgrades

Several equities analysts recently issued reports on the company. The Goldman Sachs Group raised their price target on Cintas from $673.00 to $765.00 and gave the company a “buy” rating in a report on Thursday, March 28th. Stifel Nicolaus raised their target price on Cintas from $526.00 to $585.00 and gave the stock a “hold” rating in a report on Friday, December 22nd. Bank of America raised their target price on Cintas from $700.00 to $790.00 and gave the stock a “buy” rating in a report on Thursday, March 28th. Barclays raised their target price on Cintas from $630.00 to $700.00 and gave the stock an “overweight” rating in a report on Thursday, February 29th. Finally, Royal Bank of Canada raised their target price on Cintas from $675.00 to $725.00 and gave the stock an “outperform” rating in a report on Thursday, March 28th. Six investment analysts have rated the stock with a hold rating and nine have given a buy rating to the stock. According to MarketBeat.com, Cintas presently has an average rating of “Moderate Buy” and an average price target of $661.21.

Cintas Stock Performance

CTAS traded down $2.04 during trading on Thursday, hitting $666.47. The stock had a trading volume of 15,545 shares, compared to its average volume of 340,273. 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 Co. has a one year low of $438.59 and a one year high of $704.84. The firm has a market cap of $67.56 billion, a price-to-earnings ratio of 46.17, a P/E/G ratio of 3.90 and a beta of 1.27. The company has a 50 day moving average price of $641.27 and a 200-day moving average price of $585.47.

Cintas (NASDAQ:CTAS) last posted its quarterly earnings results on Wednesday, March 27th. The business services provider reported $3.84 EPS for the quarter, topping analysts’ consensus estimates of $3.58 by $0.26. Cintas had a return on equity of 37.19% and a net margin of 15.98%. The company had revenue of $2.41 billion during the quarter, compared to analysts’ expectations of $2.39 billion. During the same quarter in the previous year, the firm earned $3.14 EPS. Cintas’s revenue was up 9.9% on a year-over-year basis. As a group, research analysts predict that Cintas Co. will post 14.96 EPS for the current year.

Cintas Announces Dividend

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

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.