Bryn Mawr Capital Management LLC Trims Stake in Cintas Co. (NASDAQ:CTAS)

Bryn Mawr Capital Management LLC reduced its holdings in Cintas Co. (NASDAQ:CTAS - Free Report) by 57.8% during the fourth quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The fund owned 5,727 shares of the business services provider's stock after selling 7,845 shares during the quarter. Bryn Mawr Capital Management LLC's holdings in Cintas were worth $1,046,000 at the end of the most recent reporting period.

Several other institutional investors and hedge funds have also recently modified their holdings of the business. Financial Management Professionals Inc. raised its stake in 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 purchasing an additional 99 shares in the last quarter. Hollencrest Capital Management increased its holdings in shares of Cintas by 433.3% in the 3rd quarter. Hollencrest Capital Management now owns 128 shares of the business services provider's stock worth $26,000 after buying an additional 104 shares during the last quarter. Sound Income Strategies LLC purchased a new stake in shares of Cintas during the 4th quarter valued at $27,000. Addison Advisors LLC lifted its holdings in shares of Cintas by 495.7% during the 3rd quarter. Addison Advisors LLC now owns 137 shares of the business services provider's stock worth $28,000 after acquiring an additional 114 shares during the last quarter. Finally, Endeavor Private Wealth Inc. purchased a new position in Cintas in the fourth quarter worth $31,000. Hedge funds and other institutional investors own 63.46% of the company's stock.

Cintas Trading Down 0.7 %

Shares of NASDAQ:CTAS traded down $1.50 during midday trading on Friday, hitting $204.43. 2,302,558 shares of the stock traded hands, compared to its average volume of 1,724,269. The company has a quick ratio of 1.38, a current ratio of 1.58 and a debt-to-equity ratio of 0.47. The business's 50 day moving average is $196.67 and its two-hundred day moving average is $207.94. The stock has a market capitalization of $82.50 billion, a PE ratio of 49.29, a P/E/G ratio of 4.02 and a beta of 1.38. Cintas Co. has a one year low of $154.15 and a one year high of $228.12.

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 (EPS) for the quarter, beating analysts' consensus estimates of $1.01 by $0.08. The company had revenue of $2.56 billion for the quarter, compared to the consensus estimate of $2.56 billion. Cintas had a return on equity of 40.62% and a net margin of 17.23%. Cintas's revenue was up 7.8% compared to the same quarter last year. During the same quarter in the previous year, the business earned $3.61 EPS. As a group, research analysts forecast that Cintas Co. will post 4.31 earnings per share for the current year.

Cintas Announces Dividend

The firm also recently declared a quarterly dividend, which will be paid on Friday, March 14th. Investors of record on Friday, February 14th will be paid a $0.39 dividend. This represents a $1.56 dividend on an annualized basis and a yield of 0.76%. The ex-dividend date of this dividend is Friday, February 14th. Cintas's payout ratio is 37.61%.

Analyst Upgrades and Downgrades

CTAS has been the topic of a number of research reports. Wells Fargo & Company lowered their price target on Cintas from $191.00 to $184.00 and set an "underweight" rating on the stock in a research report on Friday, December 20th. Royal Bank of Canada reissued a "sector perform" rating and set a $215.00 price objective on shares of Cintas in a report on Friday, December 20th. The Goldman Sachs Group cut their target price on Cintas from $236.00 to $211.00 and set a "buy" rating for the company in a research note on Friday, December 20th. Morgan Stanley increased their price target on shares of Cintas from $185.00 to $202.00 and gave the company an "equal weight" rating in a research report on Thursday, December 12th. Finally, UBS Group lowered their price objective on shares of Cintas from $240.00 to $218.00 and set a "buy" rating for the company in a report 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's stock. According to MarketBeat, the stock presently has an average rating of "Hold" and a consensus 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.