Graypoint LLC Sells 383 Shares of Cintas Co. (NASDAQ:CTAS)

Graypoint LLC trimmed its holdings in Cintas Co. (NASDAQ:CTAS) by 14.5% during the fourth quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm owned 2,257 shares of the business services provider’s stock after selling 383 shares during the quarter. Graypoint LLC’s holdings in Cintas were worth $412,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Other institutional investors and hedge funds also recently made changes to their positions in the company. Ashton Thomas Private Wealth LLC acquired a new stake in shares of Cintas during the 2nd quarter worth approximately $93,000. MGO One Seven LLC increased its stake in Cintas by 28.3% in the second quarter. MGO One Seven LLC now owns 1,302 shares of the business services provider’s stock valued at $912,000 after purchasing an additional 287 shares in the last quarter. LPL Financial LLC raised its holdings in shares of Cintas by 5.4% during the second quarter. LPL Financial LLC now owns 63,888 shares of the business services provider’s stock valued at $44,738,000 after purchasing an additional 3,259 shares during the period. Oppenheimer & Co. Inc. boosted its position in shares of Cintas by 25.1% during the 2nd quarter. Oppenheimer & Co. Inc. now owns 4,717 shares of the business services provider’s stock worth $3,303,000 after purchasing an additional 946 shares in the last quarter. Finally, Meeder Asset Management Inc. grew its stake in shares of Cintas by 226.7% in the 2nd quarter. Meeder Asset Management Inc. now owns 49 shares of the business services provider’s stock valued at $34,000 after buying an additional 34 shares during the period. Institutional investors own 63.46% of the company’s stock.

Cintas Trading Down 1.7 %

NASDAQ CTAS opened at $189.30 on Friday. The stock has a market capitalization of $76.39 billion, a price-to-earnings ratio of 47.80, a PEG ratio of 4.15 and a beta of 1.37. The business’s fifty day moving average is $207.28 and its 200-day moving average is $204.47. The company has a debt-to-equity ratio of 0.50, a current ratio of 1.53 and a quick ratio of 1.33. Cintas Co. has a one year low of $145.91 and a one year high of $228.12.

Cintas (NASDAQ:CTAS) last released its earnings results on Thursday, December 19th. The business services provider reported $1.09 earnings per share for the quarter, beating analysts’ consensus estimates of $1.01 by $0.08. Cintas had a net margin of 16.80% and a return on equity of 39.56%. The firm had revenue of $2.56 billion for the quarter, compared to analysts’ expectations of $2.56 billion. During the same period in the previous year, the company earned $3.61 earnings per share. The company’s quarterly revenue was up 7.8% on a year-over-year basis. Equities research analysts predict that Cintas Co. will post 4.23 EPS for the current year.

Cintas Dividend Announcement

The company also recently announced a quarterly dividend, which was paid on Friday, December 13th. Shareholders of record on Friday, November 15th were paid a $0.39 dividend. The ex-dividend date was Friday, November 15th. This represents a $1.56 annualized dividend and a dividend yield of 0.82%. Cintas’s payout ratio is presently 37.59%.

Analyst Upgrades and Downgrades

A number of equities research analysts have commented on CTAS shares. Jefferies Financial Group reduced their price objective on Cintas from $730.00 to $200.00 and set a “hold” rating for the company in a research note on Thursday, September 26th. Royal Bank of Canada restated a “sector perform” rating and set a $215.00 price target on shares of Cintas in a research note on Friday, December 20th. Barclays raised their price objective on shares of Cintas from $210.00 to $245.00 and gave the company an “overweight” rating in a research note on Friday, September 27th. The Goldman Sachs Group lowered their target price on shares of Cintas from $236.00 to $211.00 and set a “buy” rating on the stock in a report on Friday, December 20th. Finally, Robert W. Baird cut their price target on Cintas from $209.00 to $200.00 and set a “neutral” rating for the company in a research note on Friday, December 20th. Two investment analysts have rated the stock with a sell rating, nine have issued a hold rating and six have assigned a buy rating to the company. Based on data from MarketBeat, the stock has a consensus rating of “Hold” and an average price target of $198.46.

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.