CIBC Private Wealth Group LLC Sells 27,438 Shares of Cintas Co. (NASDAQ:CTAS)

CIBC Private Wealth Group LLC lessened its holdings in shares of Cintas Co. (NASDAQ:CTAS - Free Report) by 2.8% during the 4th quarter, according to its most recent filing with the Securities and Exchange Commission. The firm owned 958,386 shares of the business services provider's stock after selling 27,438 shares during the quarter. CIBC Private Wealth Group LLC owned about 0.24% of Cintas worth $184,633,000 at the end of the most recent quarter.

A number of other large investors also recently added to or reduced their stakes in the business. Sound Income Strategies LLC purchased a new position in shares of Cintas in the fourth quarter worth $27,000. Cyrus J. Lawrence LLC purchased a new stake in Cintas in the 4th quarter worth $29,000. Endeavor Private Wealth Inc. purchased a new stake in Cintas in the 4th quarter worth $31,000. IAG Wealth Partners LLC boosted its holdings in shares of Cintas by 136.8% during the 4th quarter. IAG Wealth Partners LLC now owns 180 shares of the business services provider's stock valued at $33,000 after purchasing an additional 104 shares during the last quarter. Finally, Newbridge Financial Services Group Inc. purchased a new position in shares of Cintas during the fourth quarter valued at about $34,000. 63.46% of the stock is owned by hedge funds and other institutional investors.

Cintas Trading Down 0.8 %

CTAS traded down $1.60 on Thursday, reaching $207.07. 907,050 shares of the company traded hands, compared to its average volume of 1,784,361. 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 company has a market cap of $83.56 billion, a P/E ratio of 49.93, a price-to-earnings-growth ratio of 3.98 and a beta of 1.41. The firm has a fifty day simple moving average of $201.48 and a two-hundred day simple moving average of $204.64. Cintas Co. has a one year low of $162.16 and a one year high of $228.12.

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Cintas (NASDAQ:CTAS - Get Free Report) last released its quarterly earnings data on Wednesday, March 26th. The business services provider reported $1.13 EPS for the quarter, topping the consensus estimate of $1.05 by $0.08. The company had revenue of $2.61 billion for the quarter, compared to the consensus estimate of $2.60 billion. Cintas had a return on equity of 40.62% and a net margin of 17.23%. Cintas's quarterly revenue was up 8.4% on a year-over-year basis. During the same period last year, the business posted $3.84 EPS. As a group, equities research analysts expect that Cintas Co. will post 4.31 earnings per share for the current year.

Cintas Dividend Announcement

The firm also recently declared a quarterly dividend, which was paid on Friday, March 14th. Stockholders of record on Friday, February 14th were given a $0.39 dividend. The ex-dividend date of this dividend was Friday, February 14th. This represents a $1.56 annualized dividend and a dividend yield of 0.75%. Cintas's payout ratio is presently 36.11%.

Wall Street Analysts Forecast Growth

A number of equities analysts recently commented on the company. Royal Bank of Canada reissued a "sector perform" rating and set a $215.00 price target on shares of Cintas in a research note on Thursday, March 27th. Citigroup began coverage on shares of Cintas in a report on Monday, February 24th. They issued a "sell" rating and a $161.00 target price for the company. Wells Fargo & Company upped their price target on shares of Cintas from $184.00 to $196.00 and gave the company an "underweight" rating in a research note on Thursday, March 27th. Morgan Stanley lifted their price objective on shares of Cintas from $195.00 to $213.00 and gave the stock an "equal weight" rating in a research note on Thursday, March 27th. Finally, Robert W. Baird upped their target price on shares of Cintas from $200.00 to $227.00 and gave the company a "neutral" rating in a research report on Thursday, March 27th. Two analysts have rated the stock with a sell rating, seven have given a hold rating and five have assigned a buy rating to the stock. According to MarketBeat.com, the stock currently has an average rating of "Hold" and a consensus target price of $210.58.

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.