Transamerica Financial Advisors Inc. Sells 624 Shares of Cintas Co. (NASDAQ:CTAS)

Transamerica Financial Advisors Inc. decreased its position in shares of Cintas Co. (NASDAQ:CTAS) by 2.6% during the 4th quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The fund owned 23,512 shares of the business services provider’s stock after selling 624 shares during the quarter. Transamerica Financial Advisors Inc.’s holdings in Cintas were worth $4,296,000 as of its most recent SEC filing.

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

Cintas Stock Down 1.5 %

Cintas stock opened at $203.22 on Friday. Cintas Co. has a fifty-two week low of $162.16 and a fifty-two week high of $228.12. The firm has a market capitalization of $82.01 billion, a PE ratio of 49.00, a P/E/G ratio of 3.98 and a beta of 1.41. The company’s 50-day moving average is $201.01 and its 200-day moving average is $208.88. The company has a debt-to-equity ratio of 0.47, a current ratio of 1.58 and a quick ratio of 1.38.

Cintas (NASDAQ:CTAS) last issued its earnings results on Wednesday, March 26th. The business services provider reported $1.13 EPS for the quarter, topping the consensus estimate of $1.05 by $0.08. Cintas had a return on equity of 40.62% and a net margin of 17.23%. The company had revenue of $2.61 billion during the quarter, compared to the consensus estimate of $2.60 billion. During the same period in the previous year, the company posted $3.84 EPS. The firm’s revenue for the quarter was up 8.4% compared to the same quarter last year. Sell-side analysts anticipate that Cintas Co. will post 4.31 earnings per share for the current year.

Cintas Dividend Announcement

The business also recently declared a quarterly dividend, which was paid on Friday, March 14th. Investors of record on Friday, February 14th were paid a $0.39 dividend. The ex-dividend date was Friday, February 14th. This represents a $1.56 dividend on an annualized basis and a yield of 0.77%. Cintas’s dividend payout ratio (DPR) is currently 36.11%.

Wall Street Analysts Forecast Growth

Several equities analysts recently issued reports on the company. Morgan Stanley boosted their price objective on Cintas from $195.00 to $213.00 and gave the company an “equal weight” rating in a research report on Thursday. UBS Group upped their price target on shares of Cintas from $218.00 to $240.00 and gave the company a “buy” rating in a report on Thursday. Robert W. Baird raised their price objective on shares of Cintas from $200.00 to $227.00 and gave the stock a “neutral” rating in a report on Thursday. The Goldman Sachs Group upped their target price on shares of Cintas from $211.00 to $233.00 and gave the stock a “buy” rating in a research note on Thursday. Finally, Citigroup started coverage on Cintas in a research note on Monday, February 24th. They issued a “sell” rating and a $161.00 price target on the stock. Two research analysts have rated the stock with a sell rating, eight have issued a hold rating and five have assigned a buy rating to the stock. According to MarketBeat.com, the stock presently has an average rating of “Hold” and a consensus price target of $210.58.

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.