Cintas Co. (NASDAQ:CTAS) Shares Sold by Herold Advisors Inc.

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

A number of other institutional investors also recently bought and sold shares of the stock. Simplicity Solutions LLC lifted its holdings in shares of Cintas by 117.7% in the 4th quarter. Simplicity Solutions LLC now owns 3,224 shares of the business services provider’s stock valued at $1,943,000 after buying an additional 1,743 shares during the period. Louisiana State Employees Retirement System purchased a new stake in Cintas in the 4th quarter worth approximately $8,015,000. Comerica Bank acquired a new stake in shares of Cintas during the 3rd quarter worth approximately $10,866,000. Zurcher Kantonalbank Zurich Cantonalbank grew its stake in shares of Cintas by 91.2% during the 4th quarter. Zurcher Kantonalbank Zurich Cantonalbank now owns 48,642 shares of the business services provider’s stock worth $29,315,000 after purchasing an additional 23,197 shares during the period. Finally, Nordea Investment Management AB increased its holdings in shares of Cintas by 16.6% during the 4th quarter. Nordea Investment Management AB now owns 600,311 shares of the business services provider’s stock valued at $360,637,000 after purchasing an additional 85,662 shares in the last quarter. 63.46% of the stock is currently owned by institutional investors and hedge funds.

Wall Street Analyst Weigh In

Several analysts recently commented on CTAS shares. Robert W. Baird raised their price target on shares of Cintas from $660.00 to $750.00 and gave the company an “outperform” rating in a research report on Thursday, March 28th. Barclays lifted their price target on Cintas from $630.00 to $700.00 and gave the company an “overweight” rating in a research note on Thursday, February 29th. Royal Bank of Canada upped their price target on Cintas from $675.00 to $725.00 and gave the stock an “outperform” rating in a report on Thursday, March 28th. Oppenheimer reissued a “market perform” rating on shares of Cintas in a report on Monday, April 1st. Finally, Deutsche Bank Aktiengesellschaft upped their target price on Cintas from $629.00 to $726.00 and gave the stock a “hold” rating in a research note on Thursday, March 28th. Six equities 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 currently has a consensus rating of “Moderate Buy” and an average price target of $661.21.

Cintas Price Performance

Cintas stock opened at $666.23 on Friday. Cintas Co. has a 52-week low of $440.01 and a 52-week high of $704.84. The firm has a market capitalization of $67.54 billion, a price-to-earnings ratio of 46.01, a PEG ratio of 3.90 and a beta of 1.27. The company has a fifty day simple moving average of $648.22 and a 200-day simple moving average of $593.38. The company has a quick ratio of 2.03, a current ratio of 2.38 and a debt-to-equity ratio of 0.58.

Cintas (NASDAQ:CTAS) last released its earnings results on Wednesday, March 27th. The business services provider reported $3.84 earnings per share (EPS) for the quarter, topping 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 business had revenue of $2.41 billion during the quarter, compared to analyst estimates of $2.39 billion. During the same quarter in the prior year, the firm earned $3.14 earnings per share. The company’s revenue for the quarter was up 9.9% compared to the same quarter last year. On average, equities analysts anticipate that Cintas Co. will post 14.95 EPS for the current fiscal year.

Cintas Dividend Announcement

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

Cintas Company 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.