PDS Planning Inc Purchases 478 Shares of Cintas Co. (NASDAQ:CTAS)

PDS Planning Inc raised its position in shares of Cintas Co. (NASDAQ:CTAS) by 25.1% in the fourth quarter, HoldingsChannel reports. The fund owned 2,382 shares of the business services provider’s stock after acquiring an additional 478 shares during the period. PDS Planning Inc’s holdings in Cintas were worth $435,000 as of its most recent filing with the Securities & Exchange Commission.

A number of other institutional investors also recently made changes to their positions in CTAS. Guardian Wealth Advisors LLC grew its holdings in Cintas by 3.1% during the 4th quarter. Guardian Wealth Advisors LLC now owns 1,741 shares of the business services provider’s stock worth $318,000 after acquiring an additional 52 shares during the period. MGB Wealth Management LLC grew its holdings in Cintas by 0.7% during the 4th quarter. MGB Wealth Management LLC now owns 7,248 shares of the business services provider’s stock worth $1,328,000 after acquiring an additional 52 shares during the period. Aaron Wealth Advisors LLC grew its holdings in Cintas by 2.0% during the 4th quarter. Aaron Wealth Advisors LLC now owns 2,803 shares of the business services provider’s stock worth $512,000 after acquiring an additional 55 shares during the period. S.A. Mason LLC grew its holdings in Cintas by 3.3% during the 4th quarter. S.A. Mason LLC now owns 1,703 shares of the business services provider’s stock worth $311,000 after acquiring an additional 55 shares during the period. Finally, Frank Rimerman Advisors LLC grew its holdings in Cintas by 1.0% during the 4th quarter. Frank Rimerman Advisors LLC now owns 6,167 shares of the business services provider’s stock worth $1,127,000 after acquiring an additional 59 shares during the period. Institutional investors own 63.46% of the company’s stock.

Analyst Ratings Changes

A number of brokerages have weighed in on CTAS. UBS Group decreased their price target on Cintas from $240.00 to $218.00 and set a “buy” rating for the company in a report on Friday, December 20th. Wells Fargo & Company cut their price objective on shares of Cintas from $191.00 to $184.00 and set an “underweight” rating on the stock in a research report on Friday, December 20th. The Goldman Sachs Group cut their price objective on shares of Cintas from $236.00 to $211.00 and set a “buy” rating on the stock in a research report on Friday, December 20th. Robert W. Baird cut their price objective 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. Finally, Citigroup assumed coverage on shares of Cintas in a research report on Monday, February 24th. They set a “sell” rating and a $161.00 price objective on the stock. Two analysts have rated the stock with a sell rating, nine have given a hold rating and six have issued a buy rating to the stock. Based on data from MarketBeat.com, Cintas has a consensus rating of “Hold” and a consensus target price of $199.79.

Cintas Price Performance

Cintas stock opened at $193.41 on Wednesday. Cintas Co. has a 52 week low of $155.89 and a 52 week high of $228.12. The company’s 50 day moving average price is $200.31 and its two-hundred day moving average price is $209.11. 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 has a market cap of $78.05 billion, a P/E ratio of 46.63, a P/E/G ratio of 3.98 and a beta of 1.41.

Cintas (NASDAQ:CTAS) last posted its earnings results on Thursday, December 19th. The business services provider reported $1.09 EPS for the quarter, topping 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 firm had revenue of $2.56 billion for the quarter, compared to analysts’ expectations of $2.56 billion. During the same quarter last year, the firm earned $3.61 EPS. The company’s quarterly revenue was up 7.8% compared to the same quarter last year. On average, equities analysts predict 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 was paid on Friday, March 14th. Stockholders of record on Friday, February 14th were paid a dividend of $0.39 per share. The ex-dividend date of this dividend was Friday, February 14th. This represents a $1.56 annualized dividend and a dividend yield of 0.81%. Cintas’s payout ratio is currently 37.59%.

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.