BigSur Wealth Management LLC Has $4.09 Million Stock Position in Cintas Co. (NASDAQ:CTAS)

BigSur Wealth Management LLC reduced its holdings in Cintas Co. (NASDAQ:CTAS - Free Report) by 11.8% during the 4th quarter, according to the company in its most recent disclosure with the SEC. The fund owned 22,400 shares of the business services provider's stock after selling 3,000 shares during the quarter. Cintas comprises 1.2% of BigSur Wealth Management LLC's portfolio, making the stock its 21st biggest holding. BigSur Wealth Management LLC's holdings in Cintas were worth $4,092,000 at the end of the most recent quarter.

A number of other institutional investors have also made changes to their positions in CTAS. Quarry LP grew its position in Cintas by 500.0% in the 2nd quarter. Quarry LP now owns 108 shares of the business services provider's stock worth $76,000 after purchasing an additional 90 shares during the last quarter. Financial Management Professionals Inc. lifted its stake in shares of Cintas by 341.4% in the third quarter. Financial Management Professionals Inc. now owns 128 shares of the business services provider's stock valued at $26,000 after buying an additional 99 shares during the period. Hollencrest Capital Management grew its position in Cintas by 433.3% during the third quarter. Hollencrest Capital Management now owns 128 shares of the business services provider's stock worth $26,000 after buying an additional 104 shares in the last quarter. Addison Advisors LLC increased its stake in Cintas by 495.7% during the third quarter. Addison Advisors LLC now owns 137 shares of the business services provider's stock valued at $28,000 after acquiring an additional 114 shares during the period. Finally, Grove Bank & Trust raised its holdings in Cintas by 1,340.0% in the 3rd quarter. Grove Bank & Trust now owns 144 shares of the business services provider's stock valued at $30,000 after acquiring an additional 134 shares in the last quarter. 63.46% of the stock is currently owned by institutional investors.

Cintas Stock Up 0.1 %

Shares of NASDAQ:CTAS traded up $0.26 during trading on Monday, hitting $198.31. 1,673,318 shares of the company's stock traded hands, compared to its average volume of 2,374,499. The company has a current ratio of 1.58, a quick ratio of 1.38 and a debt-to-equity ratio of 0.47. The company has a 50-day moving average price of $205.21 and a 200-day moving average price of $205.34. Cintas Co. has a 52 week low of $146.63 and a 52 week high of $228.12. The company has a market cap of $80.03 billion, a price-to-earnings ratio of 47.81, a price-to-earnings-growth ratio of 3.65 and a beta of 1.37.

Cintas (NASDAQ:CTAS - Get Free Report) last announced its quarterly 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 17.23% and a return on equity of 40.62%. The firm had revenue of $2.56 billion for the quarter, compared to analyst estimates of $2.56 billion. During the same quarter in the previous year, the firm posted $3.61 earnings per share. The business's revenue was up 7.8% on a year-over-year basis. As a group, research analysts forecast that Cintas Co. will post 4.31 EPS for the current fiscal year.

Cintas Dividend Announcement

The company 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 is Friday, February 14th. This represents a $1.56 dividend on an annualized basis and a dividend yield of 0.79%. Cintas's payout ratio is presently 37.61%.

Analyst Ratings Changes

A number of research firms have weighed in on CTAS. The Goldman Sachs Group decreased their price target 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. Royal Bank of Canada reissued a "sector perform" rating and issued a $215.00 target price on shares of Cintas in a report on Friday, December 20th. Morgan Stanley boosted their price target on Cintas from $185.00 to $202.00 and gave the company an "equal weight" rating in a research note on Thursday, December 12th. UBS Group lowered their price target on Cintas from $240.00 to $218.00 and set a "buy" rating on the stock in a research report on Friday, December 20th. Finally, Barclays lifted their price objective on Cintas from $210.00 to $245.00 and gave the company an "overweight" rating in a report on Friday, September 27th. Two 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, the stock currently has a consensus rating of "Hold" and an average price target of $198.46.

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.