Cintas Co. (NASDAQ:CTAS) Stock Holdings Reduced by Envestnet Asset Management Inc.

Envestnet Asset Management Inc. reduced its position in Cintas Co. (NASDAQ:CTAS - Free Report) by 1.0% in the 4th quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The fund owned 748,324 shares of the business services provider's stock after selling 7,755 shares during the quarter. Envestnet Asset Management Inc. owned approximately 0.19% of Cintas worth $136,719,000 at the end of the most recent quarter.

A number of other large investors also recently bought and sold shares of the company. China Universal Asset Management Co. Ltd. lifted its stake in Cintas by 28.4% during the fourth quarter. China Universal Asset Management Co. Ltd. now owns 6,563 shares of the business services provider's stock worth $1,199,000 after purchasing an additional 1,450 shares during the last quarter. KMG Fiduciary Partners LLC raised its holdings in shares of Cintas by 121.8% during the fourth quarter. KMG Fiduciary Partners LLC now owns 11,545 shares of the business services provider's stock worth $2,109,000 after purchasing an additional 6,341 shares during the period. Wellington Management Group LLP lifted its position 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 buying an additional 529,005 shares during the last quarter. JPMorgan Chase & Co. raised its stake in Cintas by 137.5% during the third quarter. JPMorgan Chase & Co. now owns 2,222,527 shares of the business services provider's stock worth $457,574,000 after acquiring an additional 1,286,668 shares during the period. Finally, Annex Advisory Services LLC boosted its stake in Cintas by 1.6% in the fourth quarter. Annex Advisory Services LLC now owns 127,441 shares of the business services provider's stock valued at $23,283,000 after acquiring an additional 1,988 shares during the period. Institutional investors own 63.46% of the company's stock.

Wall Street Analysts Forecast Growth

A number of brokerages recently commented on CTAS. Robert W. Baird upped their price objective on Cintas from $200.00 to $227.00 and gave the stock a "neutral" rating in a research note on Thursday, March 27th. Bank of America started coverage on Cintas in a research report on Thursday. They set a "buy" rating and a $250.00 price target for the company. Morgan Stanley lifted their price objective on shares of Cintas from $195.00 to $213.00 and gave the company an "equal weight" rating in a research note on Thursday, March 27th. UBS Group raised their target price on shares of Cintas from $218.00 to $240.00 and gave the company a "buy" rating in a research note on Thursday, March 27th. Finally, Citigroup initiated coverage on shares of Cintas in a report on Monday, February 24th. They issued a "sell" rating and a $161.00 price objective for the company. Two analysts have rated the stock with a sell rating, seven have given a hold rating and six have given a buy rating to the stock. According to MarketBeat, Cintas presently has an average rating of "Hold" and an average target price of $213.62.

Insider Transactions at Cintas

In other Cintas news, COO Jim Rozakis sold 2,000 shares of the company's stock in a transaction that occurred on Monday, April 7th. The shares were sold at an average price of $190.37, for a total value of $380,740.00. Following the transaction, the chief operating officer now owns 256,528 shares in the company, valued at approximately $48,835,235.36. This represents a 0.77 % decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through the SEC website. 15.00% of the stock is owned by insiders.

Cintas Trading Up 1.6 %

Shares of NASDAQ:CTAS traded up $3.31 during mid-day trading on Friday, hitting $206.04. The stock had a trading volume of 2,116,050 shares, compared to its average volume of 1,693,472. The company's 50 day moving average is $201.09 and its 200-day moving average is $204.23. Cintas Co. has a 12-month low of $162.16 and a 12-month high of $228.12. The company has a debt-to-equity ratio of 0.47, a quick ratio of 1.38 and a current ratio of 1.58. The company has a market cap of $83.20 billion, a PE ratio of 49.68, a P/E/G ratio of 3.98 and a beta of 1.20.

Cintas (NASDAQ:CTAS - Get Free Report) last released its earnings results on Wednesday, March 26th. The business services provider reported $1.13 earnings per share (EPS) for the quarter, beating analysts' consensus estimates of $1.05 by $0.08. Cintas had a return on equity of 40.62% and a net margin of 17.23%. The company had revenue of $2.61 billion during the quarter, compared to analyst estimates of $2.60 billion. During the same quarter in the prior year, the company earned $3.84 earnings per share. The company's revenue for the quarter was up 8.4% on a year-over-year basis. On average, sell-side analysts predict that Cintas Co. will post 4.31 EPS for the current year.

Cintas Announces Dividend

The firm also recently announced a quarterly dividend, which will be paid on Friday, June 13th. Stockholders of record on Thursday, May 15th will be issued a $0.39 dividend. The ex-dividend date of this dividend is Thursday, May 15th. This represents a $1.56 dividend on an annualized basis and a dividend yield of 0.76%. Cintas's dividend payout ratio is 36.11%.

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.