Cintas Co. (NASDAQ:CTAS) Shares Sold by Ullmann Wealth Partners Group LLC

Ullmann Wealth Partners Group LLC trimmed its holdings in Cintas Co. (NASDAQ:CTAS) by 7.4% during the fourth quarter, HoldingsChannel.com reports. The fund owned 8,229 shares of the business services provider’s stock after selling 658 shares during the period. Ullmann Wealth Partners Group LLC’s holdings in Cintas were worth $1,503,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Several other institutional investors and hedge funds have also recently bought and sold shares of the business. Quarry LP lifted its position in Cintas by 500.0% during the 2nd quarter. Quarry LP now owns 108 shares of the business services provider’s stock worth $76,000 after acquiring an additional 90 shares during the period. Financial Management Professionals Inc. lifted its holdings in shares of Cintas by 341.4% during the third quarter. Financial Management Professionals Inc. now owns 128 shares of the business services provider’s stock worth $26,000 after purchasing an additional 99 shares during the period. Hollencrest Capital Management grew its position in Cintas by 433.3% in the 3rd quarter. Hollencrest Capital Management now owns 128 shares of the business services provider’s stock valued at $26,000 after buying an additional 104 shares during the last quarter. Addison Advisors LLC increased its stake in Cintas by 495.7% in the 3rd quarter. Addison Advisors LLC now owns 137 shares of the business services provider’s stock valued at $28,000 after buying an additional 114 shares during the period. Finally, Grove Bank & Trust raised its position in Cintas by 1,340.0% during the 3rd quarter. Grove Bank & Trust now owns 144 shares of the business services provider’s stock worth $30,000 after buying an additional 134 shares during the last quarter. Hedge funds and other institutional investors own 63.46% of the company’s stock.

Analyst Ratings Changes

A number of research analysts have recently issued reports on the stock. Morgan Stanley boosted their price target on shares of Cintas from $185.00 to $202.00 and gave the stock an “equal weight” rating in a research note on Thursday, December 12th. Robert W. Baird dropped their target price on Cintas from $209.00 to $200.00 and set a “neutral” rating on the stock in a research report on Friday, December 20th. Wells Fargo & Company reduced their price target on Cintas from $191.00 to $184.00 and set an “underweight” rating for the company in a report on Friday, December 20th. Barclays upped their price objective on Cintas from $210.00 to $245.00 and gave the stock an “overweight” rating in a report on Friday, September 27th. Finally, Royal Bank of Canada reissued a “sector perform” rating and issued a $215.00 target price on shares of Cintas in a report on Friday, December 20th. Two analysts have rated the stock with a sell rating, nine have assigned a hold rating and six have issued a buy rating to the stock. According to MarketBeat, the stock has a consensus rating of “Hold” and an average price target of $198.46.

Cintas Price Performance

Cintas stock opened at $198.05 on Friday. The company has a quick ratio of 1.38, a current ratio of 1.58 and a debt-to-equity ratio of 0.47. The firm’s 50-day simple moving average is $206.18 and its 200 day simple moving average is $204.81. Cintas Co. has a 52 week low of $146.29 and a 52 week high of $228.12. The firm has a market capitalization of $79.92 billion, a PE ratio of 47.75, a P/E/G ratio of 3.65 and a beta of 1.37.

Cintas (NASDAQ:CTAS) last announced its quarterly earnings results 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 net margin of 17.23% and a return on equity of 40.62%. The company had revenue of $2.56 billion for the quarter, compared to the consensus estimate of $2.56 billion. During the same quarter in the prior year, the firm earned $3.61 earnings per share. The company’s revenue for the quarter was up 7.8% compared to the same quarter last year. On average, equities research analysts predict that Cintas Co. will post 4.31 EPS for the current fiscal year.

Cintas Announces Dividend

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

Cintas Company 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.