Marshall Financial Group LLC Has $409,000 Stake in Cintas Corporation $CTAS

Marshall Financial Group LLC trimmed its position in shares of Cintas Corporation (NASDAQ:CTAS) by 67.2% in the fourth quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The firm owned 2,175 shares of the business services provider’s stock after selling 4,460 shares during the period. Marshall Financial Group LLC’s holdings in Cintas were worth $409,000 as of its most recent SEC filing.

Several other hedge funds and other institutional investors also recently made changes to their positions in CTAS. Brighton Jones LLC boosted its stake in Cintas by 9.3% during the 4th quarter. Brighton Jones LLC now owns 1,268 shares of the business services provider’s stock valued at $232,000 after purchasing an additional 108 shares during the period. Sivia Capital Partners LLC increased its position in Cintas by 42.3% in the 2nd quarter. Sivia Capital Partners LLC now owns 1,441 shares of the business services provider’s stock worth $321,000 after buying an additional 428 shares during the period. Journey Strategic Wealth LLC lifted its holdings in shares of Cintas by 37.5% during the second quarter. Journey Strategic Wealth LLC now owns 1,452 shares of the business services provider’s stock worth $324,000 after buying an additional 396 shares during the last quarter. AlphaCore Capital LLC acquired a new position in shares of Cintas during the second quarter worth approximately $130,000. Finally, American Century Companies Inc. boosted its position in shares of Cintas by 0.4% in the second quarter. American Century Companies Inc. now owns 990,154 shares of the business services provider’s stock valued at $220,676,000 after acquiring an additional 3,847 shares during the period. 63.46% of the stock is owned by institutional investors and hedge funds.

Wall Street Analysts Forecast Growth

Several brokerages have recently issued reports on CTAS. Citigroup restated a “sell” rating and issued a $181.00 price objective (up from $176.00) on shares of Cintas in a research note on Monday, December 22nd. Wells Fargo & Company raised shares of Cintas from a “cautious” rating to an “overweight” rating and increased their price target for the company from $205.00 to $245.00 in a report on Wednesday, January 14th. Morgan Stanley decreased their price target on shares of Cintas from $220.00 to $210.00 and set an “equal weight” rating on the stock in a research report on Wednesday, December 17th. Bank of America initiated coverage on shares of Cintas in a report on Tuesday, February 17th. They set a “neutral” rating and a $215.00 price objective on the stock. Finally, Robert W. Baird raised shares of Cintas from a “neutral” rating to an “outperform” rating and set a $250.00 price objective for the company in a research report on Wednesday, March 11th. One research analyst has rated the stock with a Strong Buy rating, seven have assigned a Buy rating, five have given a Hold rating and one has issued a Sell rating to the company’s stock. According to data from MarketBeat.com, the stock has a consensus rating of “Moderate Buy” and an average price target of $220.25.

Cintas Stock Performance

CTAS opened at $181.21 on Tuesday. The stock’s 50 day simple moving average is $194.71 and its 200-day simple moving average is $192.27. The company has a current ratio of 1.71, a quick ratio of 1.49 and a debt-to-equity ratio of 0.54. The stock has a market cap of $72.46 billion, a PE ratio of 52.83, a P/E/G ratio of 3.23 and a beta of 0.95. Cintas Corporation has a 1 year low of $177.94 and a 1 year high of $229.24.

Cintas Announces Dividend

The firm also recently declared a quarterly dividend, which was paid on Friday, March 13th. Shareholders of record on Friday, February 13th were issued a $0.45 dividend. This represents a $1.80 annualized dividend and a yield of 1.0%. The ex-dividend date of this dividend was Friday, February 13th. Cintas’s payout ratio is 52.48%.

About Cintas

Cintas Corporation (NASDAQ: CTAS) is a provider of business services and products focused on workplace appearance, safety and facility maintenance. The company is best known for its uniform rental and corporate apparel programs, which include rental, leasing and direct-purchase options, laundering and garment repair. Cintas markets its services to a wide range of end-users, including manufacturing, food service, healthcare, hospitality, retail and government customers.

Beyond uniforms, Cintas offers a suite of facility services and products designed to help organizations maintain clean, safe and compliant workplaces.