Fenimore Asset Management Inc Has $50.44 Million Stake in Cintas Co. (NASDAQ:CTAS)

Fenimore Asset Management Inc cut its position in Cintas Co. (NASDAQ:CTAS - Free Report) by 0.5% during the 4th quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The fund owned 276,071 shares of the business services provider's stock after selling 1,289 shares during the quarter. Fenimore Asset Management Inc owned about 0.07% of Cintas worth $50,438,000 at the end of the most recent quarter.

Other hedge funds and other institutional investors have also made changes to their positions in the company. Caxton Associates LP bought a new position in Cintas during the 2nd quarter valued at $371,000. AXA S.A. raised its position in Cintas by 13.6% during the second quarter. AXA S.A. now owns 33,899 shares of the business services provider's stock valued at $23,738,000 after buying an additional 4,057 shares during the period. APG Asset Management N.V. lifted its position in shares of Cintas by 52.2% in the second quarter. APG Asset Management N.V. now owns 72,569 shares of the business services provider's stock worth $47,415,000 after purchasing an additional 24,901 shares in the last quarter. MBB Public Markets I LLC lifted its position in Cintas by 1,419.2% in the 2nd quarter. MBB Public Markets I LLC now owns 6,502 shares of the business services provider's stock worth $4,553,000 after buying an additional 6,074 shares in the last quarter. Finally, The Manufacturers Life Insurance Company boosted its position in Cintas by 0.4% during the second quarter. The Manufacturers Life Insurance Company now owns 152,814 shares of the business services provider's stock valued at $107,010,000 after purchasing an additional 575 shares during the last quarter. 63.46% of the stock is currently owned by institutional investors and hedge funds.

Cintas Stock Down 0.2 %

CTAS traded down $0.41 on Friday, hitting $197.39. 873,908 shares of the company were exchanged, compared to its average volume of 1,708,019. The company has a market cap of $79.65 billion, a PE ratio of 47.59, a PEG ratio of 3.84 and a beta of 1.37. Cintas Co. has a 12 month low of $148.75 and a 12 month high of $228.12. The stock's fifty day moving average is $202.99 and its 200-day moving average is $205.70. The company has a debt-to-equity ratio of 0.47, a quick ratio of 1.38 and a current ratio of 1.58.

Cintas (NASDAQ:CTAS - Get Free Report) last issued its earnings results on Thursday, December 19th. The business services provider reported $1.09 earnings per share (EPS) for the quarter, beating analysts' consensus estimates of $1.01 by $0.08. Cintas had a net margin of 17.23% and a return on equity of 40.62%. The company had revenue of $2.56 billion for the quarter, compared to analysts' expectations of $2.56 billion. During the same period in the prior year, the firm earned $3.61 EPS. Cintas's quarterly revenue was up 7.8% compared to the same quarter last year. Equities research analysts predict that Cintas Co. will post 4.31 EPS for the current fiscal year.

Cintas Announces Dividend

The business also recently declared a quarterly dividend, which will be paid on Friday, March 14th. Investors of record on Friday, February 14th will be paid a $0.39 dividend. The ex-dividend date of this dividend is Friday, February 14th. This represents a $1.56 dividend on an annualized basis and a yield of 0.79%. Cintas's dividend payout ratio (DPR) is currently 37.61%.

Analysts Set New Price Targets

CTAS has been the subject of several analyst reports. Robert W. Baird reduced their price objective on shares of Cintas from $209.00 to $200.00 and set a "neutral" rating for the company in a research note on Friday, December 20th. The Goldman Sachs Group cut their price target on shares of Cintas from $236.00 to $211.00 and set a "buy" rating for the company in a research note on Friday, December 20th. Truist Financial decreased their price target on Cintas from $225.00 to $215.00 and set a "buy" rating on the stock in a research report on Friday, December 20th. Wells Fargo & Company lowered their target price on Cintas from $191.00 to $184.00 and set an "underweight" rating for the company in a research note on Friday, December 20th. Finally, Barclays upped their price objective on Cintas from $210.00 to $245.00 and gave the company an "overweight" rating in a report on Friday, September 27th. Two research analysts have rated the stock with a sell rating, nine have assigned a hold rating and six have given a buy rating to the stock. According to MarketBeat, Cintas currently has an average rating of "Hold" and an average price target of $198.46.

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.