Sequoia Financial Advisors LLC Has $1.34 Million Stake in Cintas Co. (NASDAQ:CTAS)

Sequoia Financial Advisors LLC increased its stake in Cintas Co. (NASDAQ:CTAS) by 27.5% in the fourth quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The firm owned 7,353 shares of the business services provider’s stock after purchasing an additional 1,586 shares during the period. Sequoia Financial Advisors LLC’s holdings in Cintas were worth $1,343,000 as of its most recent filing with the Securities and Exchange Commission.

Other large investors have also recently added to or reduced their stakes in the company. Versor Investments LP acquired a new stake in shares of Cintas in the third quarter valued at approximately $213,000. Aigen Investment Management LP increased its stake in Cintas by 46.7% in the 3rd quarter. Aigen Investment Management LP now owns 1,240 shares of the business services provider’s stock valued at $255,000 after buying an additional 395 shares during the last quarter. Oppenheimer & Co. Inc. lifted its position in Cintas by 242.1% during the 3rd quarter. Oppenheimer & Co. Inc. now owns 16,137 shares of the business services provider’s stock worth $3,322,000 after buying an additional 11,420 shares in the last quarter. Huntington National Bank boosted its stake in shares of Cintas by 301.7% during the 3rd quarter. Huntington National Bank now owns 11,416 shares of the business services provider’s stock worth $2,350,000 after buying an additional 8,574 shares during the last quarter. Finally, KBC Group NV grew its holdings in shares of Cintas by 312.1% in the 3rd quarter. KBC Group NV now owns 64,264 shares of the business services provider’s stock valued at $13,230,000 after acquiring an additional 48,670 shares in the last quarter. Institutional investors own 63.46% of the company’s stock.

Wall Street Analysts Forecast Growth

CTAS has been the subject of several recent research reports. Citigroup started coverage on Cintas in a research report on Monday, February 24th. They set a “sell” rating and a $161.00 price target for the company. Morgan Stanley increased their price objective on Cintas from $185.00 to $202.00 and gave the company an “equal weight” rating in a report on Thursday, December 12th. Wells Fargo & Company lowered their target price on shares of Cintas from $191.00 to $184.00 and set an “underweight” rating on the stock in a report on Friday, December 20th. UBS Group cut their price target on shares of Cintas from $240.00 to $218.00 and set a “buy” rating for the company in a research note on Friday, December 20th. Finally, The Goldman Sachs Group lowered their price objective on shares of Cintas from $236.00 to $211.00 and set a “buy” rating on the stock in a research note on Friday, December 20th. Two equities research analysts have rated the stock with a sell rating, nine have issued a hold rating and six have assigned a buy rating to the stock. According to MarketBeat, the company presently has a consensus rating of “Hold” and an average target price of $199.79.

Cintas Stock Performance

NASDAQ:CTAS opened at $192.84 on Friday. The stock has a 50 day simple moving average of $200.02 and a 200 day simple moving average of $209.13. The stock has a market cap of $77.82 billion, a P/E ratio of 46.50, a PEG ratio of 3.98 and a beta of 1.41. Cintas Co. has a 1-year low of $155.89 and a 1-year high of $228.12. The company has a current ratio of 1.58, a quick ratio of 1.38 and a debt-to-equity ratio of 0.47.

Cintas (NASDAQ:CTAS) last announced its earnings results on Thursday, December 19th. The business services provider reported $1.09 earnings per share (EPS) for the quarter, beating 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 company had revenue of $2.56 billion during the quarter, compared to analysts’ expectations of $2.56 billion. During the same quarter in the previous year, the business posted $3.61 earnings per share. Cintas’s quarterly revenue was up 7.8% on a year-over-year basis. Research analysts anticipate that Cintas Co. will post 4.31 earnings per share for the current year.

Cintas Dividend Announcement

The firm also recently declared a quarterly dividend, which was paid on Friday, March 14th. Stockholders of record on Friday, February 14th were given a $0.39 dividend. The ex-dividend date of this dividend was Friday, February 14th. This represents a $1.56 dividend on an annualized basis and a dividend yield of 0.81%. Cintas’s payout ratio is 37.59%.

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.