Cintas Co. (NASDAQ:CTAS) Shares Bought by SlateStone Wealth LLC

SlateStone Wealth LLC grew its position in shares of Cintas Co. (NASDAQ:CTAS) by 3.2% in the 4th quarter, according to the company in its most recent Form 13F filing with the SEC. The firm owned 6,500 shares of the business services provider’s stock after acquiring an additional 200 shares during the quarter. SlateStone Wealth LLC’s holdings in Cintas were worth $1,188,000 as of its most recent filing with the SEC.

Several other hedge funds and other institutional investors also recently modified their holdings of CTAS. Sound Income Strategies LLC acquired a new position in shares of Cintas during the fourth quarter valued at $27,000. Endeavor Private Wealth Inc. acquired a new stake in Cintas in the fourth quarter worth about $31,000. IAG Wealth Partners LLC lifted its holdings in Cintas by 136.8% in the fourth 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 period. Newbridge Financial Services Group Inc. acquired a new stake in Cintas in the fourth quarter worth about $34,000. Finally, OFI Invest Asset Management acquired a new stake in Cintas in the fourth quarter worth about $37,000. Institutional investors and hedge funds own 63.46% of the company’s stock.

Cintas Price Performance

CTAS stock opened at $192.84 on Monday. 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 Co. has a one year low of $155.89 and a one year high of $228.12. The firm has a market capitalization of $77.82 billion, a PE ratio of 46.50, a P/E/G ratio of 3.98 and a beta of 1.41. The firm has a 50-day moving average of $200.02 and a two-hundred day moving average of $209.20.

Cintas (NASDAQ:CTAS) last posted its quarterly earnings data on Thursday, December 19th. The business services provider reported $1.09 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 analyst estimates of $2.56 billion. During the same period in the prior year, the firm earned $3.61 earnings per share. The business’s quarterly revenue was up 7.8% on a year-over-year basis. On average, analysts forecast 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. Stockholders of record on Friday, February 14th were given a $0.39 dividend. This represents a $1.56 dividend on an annualized basis and a dividend yield of 0.81%. The ex-dividend date was Friday, February 14th. Cintas’s dividend payout ratio (DPR) is 37.59%.

Analysts Set New Price Targets

Several research firms recently weighed in on CTAS. 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 report on Friday, December 20th. Royal Bank of Canada reaffirmed a “sector perform” rating and issued a $215.00 price objective on shares of Cintas in a report on Friday, December 20th. Citigroup began coverage on shares of Cintas in a report on Monday, February 24th. They issued a “sell” rating and a $161.00 price objective for the company. Wells Fargo & Company reduced their price objective on shares of Cintas from $191.00 to $184.00 and set an “underweight” rating for the company in a report on Friday, December 20th. Finally, The Goldman Sachs Group cut their price target on shares of Cintas from $236.00 to $211.00 and set a “buy” rating for the company in a report on Friday, December 20th. Two equities research analysts have rated the stock with a sell rating, nine have assigned a hold rating and six have issued a buy rating to the company. According to data from MarketBeat.com, Cintas presently has a consensus 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.