Cintas Co. (NASDAQ:CTAS) Shares Sold by Crossmark Global Holdings Inc.

Crossmark Global Holdings Inc. lessened its stake in Cintas Co. (NASDAQ:CTAS - Free Report) by 12.4% in the fourth quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The institutional investor owned 35,181 shares of the business services provider's stock after selling 4,983 shares during the quarter. Crossmark Global Holdings Inc.'s holdings in Cintas were worth $6,428,000 at the end of the most recent quarter.

Other hedge funds and other institutional investors have also recently made changes to their positions in the company. Wellington Management Group LLP grew its holdings in shares of Cintas by 211.7% in the 3rd quarter. Wellington Management Group LLP now owns 778,884 shares of the business services provider's stock worth $160,357,000 after acquiring an additional 529,005 shares during the period. KMG Fiduciary Partners LLC grew its holdings in Cintas by 121.8% in the fourth quarter. KMG Fiduciary Partners LLC now owns 11,545 shares of the business services provider's stock valued at $2,109,000 after purchasing an additional 6,341 shares during the last quarter. JPMorgan Chase & Co. increased its position in shares of Cintas by 137.5% in the third quarter. JPMorgan Chase & Co. now owns 2,222,527 shares of the business services provider's stock valued at $457,574,000 after buying an additional 1,286,668 shares in the last quarter. Annex Advisory Services LLC raised its stake in shares of Cintas by 1.6% during the 4th quarter. Annex Advisory Services LLC now owns 127,441 shares of the business services provider's stock worth $23,283,000 after buying an additional 1,988 shares during the last quarter. Finally, LVM Capital Management Ltd. MI boosted its position in shares of Cintas by 292.7% in the 4th quarter. LVM Capital Management Ltd. MI now owns 5,482 shares of the business services provider's stock worth $1,002,000 after buying an additional 4,086 shares in the last quarter. Institutional investors and hedge funds own 63.46% of the company's stock.

Wall Street Analyst Weigh In

Several analysts have recently commented on the stock. The Goldman Sachs Group lowered their price target on shares of Cintas from $236.00 to $211.00 and set a "buy" rating on the stock in a research report on Friday, December 20th. Royal Bank of Canada reissued a "sector perform" rating and issued a $215.00 price target on shares of Cintas in a report on Friday, December 20th. Morgan Stanley raised their price target on shares of Cintas from $185.00 to $202.00 and gave the stock an "equal weight" rating in a research note on Thursday, December 12th. Barclays increased their target price on Cintas from $210.00 to $245.00 and gave the stock an "overweight" rating in a research report on Friday, September 27th. Finally, UBS Group decreased their price target on shares of Cintas from $240.00 to $218.00 and set a "buy" rating on the stock in a report on Friday, December 20th. Two analysts have rated the stock with a sell rating, nine have assigned a hold rating and six have assigned a buy rating to the company's stock. According to MarketBeat.com, the stock presently has a consensus rating of "Hold" and an average price target of $198.46.

Cintas Stock Down 1.1 %

Shares of NASDAQ:CTAS traded down $2.21 during midday trading on Wednesday, reaching $199.02. The company had a trading volume of 1,577,867 shares, compared to its average volume of 2,088,597. The stock has a market capitalization of $80.31 billion, a P/E ratio of 47.99, a PEG ratio of 3.83 and a beta of 1.37. The stock's fifty day moving average price is $204.22 and its 200-day moving average price is $205.67. The company has a debt-to-equity ratio of 0.47, a current ratio of 1.58 and a quick ratio of 1.38. Cintas Co. has a one year low of $148.75 and a one year high of $228.12.

Cintas (NASDAQ:CTAS - Get Free Report) last issued its quarterly earnings results on Thursday, December 19th. The business services provider reported $1.09 EPS for the quarter, topping the consensus estimate of $1.01 by $0.08. Cintas had a net margin of 17.23% and a return on equity of 40.62%. The business had revenue of $2.56 billion for the quarter, compared to analysts' expectations of $2.56 billion. During the same quarter last year, the company posted $3.61 earnings per share. The company's quarterly revenue was up 7.8% compared to the same quarter last year. Equities research analysts expect that Cintas Co. will post 4.31 earnings per share 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 paid a dividend of $0.39 per share. This represents a $1.56 annualized dividend and a yield of 0.78%. The ex-dividend date is Friday, February 14th. Cintas's dividend payout ratio (DPR) is presently 37.61%.

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.