Fenimore Asset Management Inc Trims Position in Cintas Co. (NASDAQ:CTAS)

Fenimore Asset Management Inc decreased its position in shares of Cintas Co. (NASDAQ:CTAS) by 0.5% during the fourth quarter, Holdings Channel reports. The institutional investor owned 276,071 shares of the business services provider’s stock after selling 1,289 shares during the period. Fenimore Asset Management Inc’s holdings in Cintas were worth $50,438,000 at the end of the most recent reporting period.

Other hedge funds also recently bought and sold shares of the company. Aaron Wealth Advisors LLC lifted its holdings in shares of Cintas by 2.0% in the fourth quarter. Aaron Wealth Advisors LLC now owns 2,803 shares of the business services provider’s stock worth $512,000 after buying an additional 55 shares in the last quarter. Simon Quick Advisors LLC increased its holdings in Cintas by 5.5% in the 4th quarter. Simon Quick Advisors LLC now owns 1,213 shares of the business services provider’s stock valued at $222,000 after acquiring an additional 63 shares during the last quarter. KPP Advisory Services LLC lifted its stake in Cintas by 19.6% in the 2nd quarter. KPP Advisory Services LLC now owns 434 shares of the business services provider’s stock worth $304,000 after purchasing an additional 71 shares in the last quarter. First Hawaiian Bank boosted its holdings in shares of Cintas by 0.4% during the 4th quarter. First Hawaiian Bank now owns 17,105 shares of the business services provider’s stock valued at $3,125,000 after purchasing an additional 73 shares during the last quarter. Finally, Grove Bank & Trust increased its holdings in shares of Cintas by 52.8% in the fourth quarter. Grove Bank & Trust now owns 220 shares of the business services provider’s stock worth $40,000 after purchasing an additional 76 shares during the last quarter. Institutional investors own 63.46% of the company’s stock.

Analyst Ratings Changes

A number of equities analysts recently commented on CTAS shares. Truist Financial dropped their price target on Cintas from $225.00 to $215.00 and set a “buy” rating for the company in a research note on Friday, December 20th. Morgan Stanley raised their target price on shares of Cintas from $185.00 to $202.00 and gave the company an “equal weight” rating in a report on Thursday, December 12th. Barclays upped their price target on shares of Cintas from $210.00 to $245.00 and gave the company an “overweight” rating in a research note on Friday, September 27th. Wells Fargo & Company dropped their price objective on shares of Cintas from $191.00 to $184.00 and set an “underweight” rating for the company in a research note on Friday, December 20th. Finally, Robert W. Baird decreased their target price on shares of Cintas from $209.00 to $200.00 and set a “neutral” 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 assigned a buy rating to the company. According to data from MarketBeat, Cintas has an average rating of “Hold” and a consensus target price of $198.46.

Cintas Stock Performance

Shares of Cintas stock opened at $197.39 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 stock’s fifty day moving average is $202.99 and its two-hundred day moving average is $205.70. Cintas Co. has a 52 week low of $148.75 and a 52 week high of $228.12. The company has a market capitalization of $79.65 billion, a PE ratio of 47.59, a price-to-earnings-growth ratio of 3.84 and a beta of 1.37.

Cintas (NASDAQ:CTAS) last posted its quarterly earnings results on Thursday, December 19th. The business services provider reported $1.09 EPS for the quarter, topping analysts’ consensus estimates of $1.01 by $0.08. Cintas had a net margin of 17.23% and a return on equity of 40.62%. The firm had revenue of $2.56 billion for the quarter, compared to analysts’ expectations of $2.56 billion. During the same period in the prior year, the business posted $3.61 earnings per share. The business’s revenue for the quarter was up 7.8% on a year-over-year basis. As a group, analysts expect that Cintas Co. will post 4.31 earnings per share for the current year.

Cintas Announces Dividend

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