First American Trust FSB Has $1.07 Million Stock Holdings in Cintas Co. (NASDAQ:CTAS)

First American Trust FSB decreased its holdings in shares of Cintas Co. (NASDAQ:CTAS) by 5.7% during the 4th quarter, HoldingsChannel.com reports. The firm owned 5,837 shares of the business services provider’s stock after selling 356 shares during the period. First American Trust FSB’s holdings in Cintas were worth $1,066,000 as of its most recent SEC filing.

Other hedge funds and other institutional investors have also modified their holdings of the company. Sound Income Strategies LLC bought a new position in Cintas during the fourth quarter valued at about $27,000. Cyrus J. Lawrence LLC bought a new position in shares of Cintas in the 4th quarter valued at approximately $29,000. Endeavor Private Wealth Inc. acquired a new stake in Cintas in the 4th quarter worth approximately $31,000. IAG Wealth Partners LLC lifted its holdings in Cintas by 136.8% in the 4th quarter. IAG Wealth Partners LLC now owns 180 shares of the business services provider’s stock worth $33,000 after purchasing an additional 104 shares during the last quarter. Finally, Newbridge Financial Services Group Inc. bought a new stake in Cintas during the fourth quarter worth approximately $34,000. Institutional investors own 63.46% of the company’s stock.

Cintas Stock Up 1.8 %

CTAS opened at $194.57 on Tuesday. Cintas Co. has a fifty-two week low of $158.10 and a fifty-two week high of $228.12. The company has a market capitalization of $78.52 billion, a P/E ratio of 46.91, a P/E/G ratio of 3.98 and a beta of 1.41. The company has a debt-to-equity ratio of 0.47, a current ratio of 1.58 and a quick ratio of 1.38. The firm’s fifty day moving average price is $200.54 and its two-hundred day moving average price is $208.93.

Cintas Dividend Announcement

The firm also recently declared a quarterly dividend, which was paid on Friday, March 14th. Investors of record on Friday, February 14th were given a $0.39 dividend. This represents a $1.56 annualized dividend and a yield of 0.80%. The ex-dividend date was Friday, February 14th. Cintas’s dividend payout ratio (DPR) is presently 37.59%.

Analysts Set New Price Targets

A number of analysts have recently weighed in on the stock. Robert W. Baird reduced their price objective on shares of Cintas from $209.00 to $200.00 and set a “neutral” rating for the company in a research note on Friday, December 20th. UBS Group cut their target price on shares of Cintas from $240.00 to $218.00 and set a “buy” rating for the company in a research report on Friday, December 20th. Royal Bank of Canada restated a “sector perform” rating and set a $215.00 price target on shares of Cintas in a report on Friday, December 20th. Wells Fargo & Company dropped their price objective on Cintas from $191.00 to $184.00 and set an “underweight” rating on the stock in a research note on Friday, December 20th. Finally, Citigroup initiated coverage on Cintas in a research note on Monday, February 24th. They set a “sell” rating and a $161.00 target price for the company. Two investment analysts have rated the stock with a sell rating, nine have given a hold rating and six have issued a buy rating to the company’s stock. According to MarketBeat.com, the stock currently has an average rating of “Hold” and a consensus target price of $199.79.

About Cintas

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.