Achmea Investment Management B.V. Sells 7,265 Shares of Cintas Co. (NASDAQ:CTAS)

Achmea Investment Management B.V. cut its holdings in Cintas Co. (NASDAQ:CTAS - Free Report) by 5.0% during the 4th quarter, according to the company in its most recent disclosure with the SEC. The firm owned 137,951 shares of the business services provider's stock after selling 7,265 shares during the quarter. Achmea Investment Management B.V.'s holdings in Cintas were worth $25,204,000 as of its most recent SEC filing.

Other institutional investors have also recently added to or reduced their stakes in the company. Guardian Wealth Advisors LLC increased its holdings in shares of Cintas by 3.1% during the fourth quarter. Guardian Wealth Advisors LLC now owns 1,741 shares of the business services provider's stock valued at $318,000 after acquiring an additional 52 shares in the last quarter. MGB Wealth Management LLC increased its holdings in shares of Cintas by 0.7% during the fourth quarter. MGB Wealth Management LLC now owns 7,248 shares of the business services provider's stock valued at $1,328,000 after acquiring an additional 52 shares in the last quarter. Aaron Wealth Advisors LLC increased its holdings in shares of Cintas by 2.0% during the fourth quarter. Aaron Wealth Advisors LLC now owns 2,803 shares of the business services provider's stock valued at $512,000 after acquiring an additional 55 shares in the last quarter. S.A. Mason LLC increased its holdings in shares of Cintas by 3.3% during the fourth quarter. S.A. Mason LLC now owns 1,703 shares of the business services provider's stock valued at $311,000 after acquiring an additional 55 shares in the last quarter. Finally, Simon Quick Advisors LLC increased its holdings in shares of Cintas by 5.5% during the fourth quarter. Simon Quick Advisors LLC now owns 1,213 shares of the business services provider's stock valued at $222,000 after acquiring an additional 63 shares in the last quarter. 63.46% of the stock is owned by institutional investors and hedge funds.

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Analyst Upgrades and Downgrades

Several research firms have recently commented on CTAS. Morgan Stanley boosted 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. Citigroup assumed coverage on Cintas in a report on Monday, February 24th. They set a "sell" rating and a $161.00 price target for the company. Robert W. Baird decreased their price target on Cintas from $209.00 to $200.00 and set a "neutral" rating for the company in a report on Friday, December 20th. 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. Finally, The Goldman Sachs Group decreased their price target on Cintas from $236.00 to $211.00 and set a "buy" rating for the company in a report on Friday, December 20th. Two analysts have rated the stock with a sell rating, nine have given a hold rating and six have assigned a buy rating to the company. According to MarketBeat, the stock currently has a consensus rating of "Hold" and an average target price of $199.79.

Cintas Stock Performance

Shares of NASDAQ CTAS traded down $1.63 during trading on Thursday, reaching $190.58. 1,608,993 shares of the stock traded hands, compared to its average volume of 1,526,614. Cintas Co. has a 52-week low of $155.51 and a 52-week high of $228.12. The company has a debt-to-equity ratio of 0.47, a current ratio of 1.58 and a quick ratio of 1.38. The company has a 50-day moving average of $199.88 and a 200-day moving average of $209.11. The stock has a market capitalization of $76.91 billion, a P/E ratio of 45.95, a price-to-earnings-growth ratio of 3.98 and a beta of 1.41.

Cintas (NASDAQ:CTAS - Get Free Report) last issued its quarterly earnings data on Thursday, December 19th. The business services provider reported $1.09 earnings per share (EPS) for the quarter, topping analysts' consensus estimates of $1.01 by $0.08. The business had revenue of $2.56 billion for the quarter, compared to analysts' expectations of $2.56 billion. Cintas had a return on equity of 40.62% and a net margin of 17.23%. The firm's quarterly revenue was up 7.8% on a year-over-year basis. During the same quarter in the prior year, the firm posted $3.61 EPS. Analysts forecast that Cintas Co. will post 4.31 EPS for the current fiscal year.

Cintas Announces Dividend

The business also recently disclosed a quarterly dividend, which will be paid on Friday, March 14th. Investors of record on Friday, February 14th will be issued a dividend of $0.39 per share. The ex-dividend date of this dividend is Friday, February 14th. This represents a $1.56 dividend on an annualized basis and a yield of 0.82%. Cintas's dividend payout ratio (DPR) is 37.59%.

Cintas 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.