Whittier Trust Co. Has $702,000 Stake in Cintas Co. (NASDAQ:CTAS)

Whittier Trust Co. lifted its position in shares of Cintas Co. (NASDAQ:CTAS) by 15.2% during the 4th quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The institutional investor owned 3,840 shares of the business services provider’s stock after acquiring an additional 508 shares during the quarter. Whittier Trust Co.’s holdings in Cintas were worth $702,000 at the end of the most recent reporting period.

Other hedge funds also recently modified their holdings of the company. Sound Income Strategies LLC acquired a new stake in shares of Cintas during the 4th quarter valued at $27,000. Endeavor Private Wealth Inc. acquired a new stake in shares of Cintas during the 4th quarter valued at $31,000. IAG Wealth Partners LLC lifted its holdings in Cintas by 136.8% during the 4th quarter. IAG Wealth Partners LLC now owns 180 shares of the business services provider’s stock worth $33,000 after buying an additional 104 shares during the period. Newbridge Financial Services Group Inc. acquired a new position in Cintas during the 4th quarter worth about $34,000. Finally, OFI Invest Asset Management acquired a new position in Cintas during the 4th quarter worth about $37,000. Institutional investors and hedge funds own 63.46% of the company’s stock.

Cintas Stock Performance

Shares of Cintas stock opened at $191.17 on Friday. Cintas Co. has a one year low of $158.10 and a one year high of $228.12. The firm has a market capitalization of $77.15 billion, a price-to-earnings ratio of 46.09, a PEG ratio of 3.98 and a beta of 1.41. The business has a 50-day simple moving average of $200.46 and a 200 day simple moving average of $208.91. 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 Thursday, December 19th. The business services provider reported $1.09 EPS for the quarter, beating analysts’ consensus estimates of $1.01 by $0.08. The business had revenue of $2.56 billion during the quarter, compared to analyst estimates of $2.56 billion. Cintas had a return on equity of 40.62% and a net margin of 17.23%. The firm’s revenue was up 7.8% compared to the same quarter last year. During the same period in the previous year, the company posted $3.61 EPS. On average, research analysts anticipate that Cintas Co. will post 4.31 earnings per share for the current fiscal year.

Cintas Dividend Announcement

The business also recently disclosed a quarterly dividend, which was paid on Friday, March 14th. Shareholders of record on Friday, February 14th were issued a dividend of $0.39 per share. This represents a $1.56 dividend on an annualized basis and a yield of 0.82%. The ex-dividend date was Friday, February 14th. Cintas’s dividend payout ratio is currently 37.59%.

Analyst Upgrades and Downgrades

Several brokerages have commented on CTAS. The Goldman Sachs Group cut their target price on Cintas from $236.00 to $211.00 and set a “buy” rating on the stock in a report on Friday, December 20th. UBS Group cut their target price on Cintas from $240.00 to $218.00 and set a “buy” rating on the stock in a report on Friday, December 20th. Royal Bank of Canada reaffirmed a “sector perform” rating and set a $215.00 target price on shares of Cintas in a report on Friday, December 20th. Citigroup began coverage on Cintas in a report on Monday, February 24th. They set a “sell” rating and a $161.00 target price on the stock. Finally, Wells Fargo & Company lowered their price objective on Cintas from $191.00 to $184.00 and set an “underweight” rating for the company in a research report on Friday, December 20th. Two research analysts have rated the stock with a sell rating, nine have assigned a hold rating and six have assigned a buy rating to the stock. According to MarketBeat, Cintas currently has an average rating of “Hold” and an average price target 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.