Cintas Co. (NASDAQ:CTAS) Shares Sold by Thrivent Financial for Lutherans

Thrivent Financial for Lutherans reduced its holdings in shares of Cintas Co. (NASDAQ:CTAS - Free Report) by 8.5% during the 4th quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The firm owned 19,180 shares of the business services provider's stock after selling 1,790 shares during the period. Thrivent Financial for Lutherans' holdings in Cintas were worth $3,680,000 at the end of the most recent quarter.

Several other hedge funds and other institutional investors also recently added to or reduced their stakes in the business. State Street Corp increased its stake in shares of Cintas by 299.3% during the third quarter. State Street Corp now owns 14,555,558 shares of the business services provider's stock worth $2,996,697,000 after buying an additional 10,910,285 shares during the period. FMR LLC increased its position in shares of Cintas by 297.3% in the 3rd quarter. FMR LLC now owns 8,781,132 shares of the business services provider's stock valued at $1,807,860,000 after purchasing an additional 6,571,128 shares during the last quarter. Geode Capital Management LLC raised its holdings in shares of Cintas by 309.7% in the 3rd quarter. Geode Capital Management LLC now owns 8,248,271 shares of the business services provider's stock valued at $1,693,654,000 after purchasing an additional 6,235,052 shares in the last quarter. Franklin Resources Inc. lifted its position in shares of Cintas by 264.7% during the 3rd quarter. Franklin Resources Inc. now owns 3,279,029 shares of the business services provider's stock worth $693,503,000 after purchasing an additional 2,379,932 shares during the last quarter. Finally, UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC grew its stake in shares of Cintas by 308.2% during the third quarter. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC now owns 2,522,921 shares of the business services provider's stock worth $519,419,000 after purchasing an additional 1,904,926 shares in the last quarter. Hedge funds and other institutional investors own 63.46% of the company's stock.

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Cintas Price Performance

CTAS traded down $3.03 during trading on Friday, reaching $203.22. 1,684,835 shares of the stock were exchanged, compared to its average volume of 1,631,493. 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 market capitalization of $82.01 billion, a price-to-earnings ratio of 49.00, a P/E/G ratio of 3.98 and a beta of 1.41. Cintas Co. has a 1 year low of $162.16 and a 1 year high of $228.12. The business's 50 day moving average price is $201.01 and its two-hundred day moving average price is $208.92.

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. Cintas had a net margin of 17.23% and a return on equity of 40.62%. The business had revenue of $2.61 billion for the quarter, compared to analyst estimates of $2.60 billion. During the same period in the previous year, the firm earned $3.84 EPS. The business's revenue for the quarter was up 8.4% compared to the same quarter last year. As a group, equities research analysts anticipate that Cintas Co. will post 4.31 earnings per share for the current year.

Cintas Dividend Announcement

The business also recently announced a quarterly dividend, which was paid on Friday, March 14th. Investors of record on Friday, February 14th were paid a $0.39 dividend. This represents a $1.56 dividend on an annualized basis and a yield of 0.77%. The ex-dividend date of this dividend was Friday, February 14th. Cintas's payout ratio is currently 36.11%.

Analyst Ratings Changes

A number of research firms have weighed in on CTAS. Royal Bank of Canada restated a "sector perform" rating and issued a $215.00 price target on shares of Cintas in a research note on Thursday. Citigroup started coverage on Cintas in a research note on Monday, February 24th. They set a "sell" rating and a $161.00 target price for the company. Robert W. Baird increased their price target on shares of Cintas from $200.00 to $227.00 and gave the company a "neutral" rating in a research note on Thursday. The Goldman Sachs Group lifted their target price on shares of Cintas from $211.00 to $233.00 and gave the company a "buy" rating in a report on Thursday. Finally, Wells Fargo & Company boosted their price target on Cintas from $184.00 to $196.00 and gave the company an "underweight" rating in a research report on Thursday. Two research analysts have rated the stock with a sell rating, eight have assigned a hold rating and five have given a buy rating to the company's stock. According to data from MarketBeat.com, Cintas currently has an average rating of "Hold" and an average price target 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.