Franklin Street Advisors Inc. NC Has $19.19 Million Stock Position in Cintas Co. (NASDAQ:CTAS)

Franklin Street Advisors Inc. NC lifted its position in Cintas Co. (NASDAQ:CTAS - Free Report) by 17.9% during the 4th quarter, according to the company in its most recent filing with the SEC. The fund owned 105,032 shares of the business services provider's stock after purchasing an additional 15,925 shares during the quarter. Cintas accounts for approximately 1.3% of Franklin Street Advisors Inc. NC's holdings, making the stock its 28th biggest holding. Franklin Street Advisors Inc. NC's holdings in Cintas were worth $19,189,000 at the end of the most recent reporting period.

Several other large investors have also made changes to their positions in the company. Wellington Management Group LLP lifted its position in Cintas by 211.7% during the 3rd quarter. Wellington Management Group LLP now owns 778,884 shares of the business services provider's stock worth $160,357,000 after buying an additional 529,005 shares in the last quarter. JPMorgan Chase & Co. lifted its position in Cintas by 137.5% during the 3rd quarter. JPMorgan Chase & Co. now owns 2,222,527 shares of the business services provider's stock valued at $457,574,000 after purchasing an additional 1,286,668 shares during the period. Atria Investments Inc lifted its position in Cintas by 291.7% during the 3rd quarter. Atria Investments Inc now owns 22,321 shares of the business services provider's stock valued at $4,595,000 after purchasing an additional 16,623 shares during the period. Allspring Global Investments Holdings LLC lifted its position in Cintas by 343.9% during the 3rd quarter. Allspring Global Investments Holdings LLC now owns 111,599 shares of the business services provider's stock valued at $22,976,000 after purchasing an additional 86,460 shares during the period. Finally, GAMMA Investing LLC lifted its position in Cintas by 83.2% during the 4th quarter. GAMMA Investing LLC now owns 11,462 shares of the business services provider's stock valued at $2,094,000 after purchasing an additional 5,206 shares during the period. Institutional investors own 63.46% of the company's stock.

Cintas Stock Down 1.7 %

Shares of CTAS traded down $3.35 during mid-day trading on Friday, hitting $189.30. 2,331,003 shares of the company's stock were exchanged, compared to its average volume of 2,600,864. The company has a market cap of $76.34 billion, a PE ratio of 47.80, a P/E/G ratio of 4.15 and a beta of 1.37. Cintas Co. has a 52 week low of $145.91 and a 52 week high of $228.12. The company has a 50-day simple moving average of $207.61 and a 200 day simple moving average of $204.21. The company has a debt-to-equity ratio of 0.50, a current ratio of 1.53 and a quick ratio of 1.33.

Cintas (NASDAQ:CTAS - Get Free Report) last released its earnings results on Thursday, December 19th. The business services provider reported $1.09 earnings per share for the quarter, beating the consensus estimate of $1.01 by $0.08. Cintas had a net margin of 16.80% and a return on equity of 39.56%. The business had revenue of $2.56 billion during the quarter, compared to analysts' expectations of $2.56 billion. During the same period last year, the business earned $3.61 earnings per share. The firm's revenue was up 7.8% on a year-over-year basis. On average, research analysts forecast that Cintas Co. will post 4.23 earnings per share for the current fiscal year.

Cintas Dividend Announcement

The firm also recently declared a quarterly dividend, which was paid on Friday, December 13th. Shareholders of record on Friday, November 15th were issued a dividend of $0.39 per share. This represents a $1.56 annualized dividend and a yield of 0.82%. The ex-dividend date of this dividend was Friday, November 15th. Cintas's dividend payout ratio is 37.59%.

Analyst Ratings Changes

A number of research firms have issued reports on CTAS. Wells Fargo & Company cut their target price on shares of Cintas from $191.00 to $184.00 and set an "underweight" rating on the stock in a research report on Friday, December 20th. Robert W. Baird cut their target price on shares of Cintas from $209.00 to $200.00 and set a "neutral" rating on the stock in a research report on Friday, December 20th. Barclays upped their target price on shares of Cintas from $210.00 to $245.00 and gave the company an "overweight" rating in a research report on Friday, September 27th. Royal Bank of Canada restated a "sector perform" rating and set a $215.00 target price on shares of Cintas in a research report on Friday, December 20th. Finally, UBS Group cut their price target on shares of Cintas from $240.00 to $218.00 and set a "buy" rating on the stock in a research report on Friday, December 20th. Two research analysts have rated the stock with a sell rating, nine have assigned a hold rating and six have assigned a buy rating to the stock. Based on data from MarketBeat, the company presently has an average rating of "Hold" and a consensus price target of $198.46.

About Cintas

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.