Cintas Co. (NASDAQ:CTAS) Shares Sold by Fmr LLC

FMR LLC trimmed its stake in Cintas Co. (NASDAQ:CTAS - Free Report) by 4.1% in the 4th quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The fund owned 8,417,950 shares of the business services provider's stock after selling 363,182 shares during the period. FMR LLC owned approximately 2.09% of Cintas worth $1,537,959,000 at the end of the most recent reporting period.

Other institutional investors and hedge funds have also recently modified their holdings of the company. Janus Henderson Group PLC raised its position in Cintas by 297.6% in the 3rd quarter. Janus Henderson Group PLC now owns 70,307 shares of the business services provider's stock worth $14,474,000 after purchasing an additional 52,624 shares during the period. Integrated Wealth Concepts LLC grew its stake in shares of Cintas by 283.5% during the third quarter. Integrated Wealth Concepts LLC now owns 5,346 shares of the business services provider's stock valued at $1,101,000 after buying an additional 3,952 shares during the last quarter. Wellington Management Group LLP raised its holdings in shares of Cintas by 211.7% in the third 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 period. Kovitz Investment Group Partners LLC purchased a new position in Cintas during the 3rd quarter valued at $1,455,000. Finally, EP Wealth Advisors LLC boosted its holdings in Cintas by 260.3% during the 3rd quarter. EP Wealth Advisors LLC now owns 51,106 shares of the business services provider's stock valued at $10,522,000 after acquiring an additional 36,921 shares during the period. Hedge funds and other institutional investors own 63.46% of the company's stock.

Cintas Price Performance

Shares of CTAS stock traded up $3.31 during mid-day trading on Friday, hitting $206.04. 2,116,050 shares of the stock were exchanged, compared to its average volume of 1,691,893. The company has a quick ratio of 1.38, a current ratio of 1.58 and a debt-to-equity ratio of 0.47. Cintas Co. has a 52-week low of $162.16 and a 52-week high of $228.12. The firm has a fifty day moving average of $201.09 and a 200 day moving average of $204.25. The company has a market cap of $83.20 billion, a PE ratio of 49.68, a price-to-earnings-growth ratio of 3.98 and a beta of 1.20.

Cintas (NASDAQ:CTAS - Get Free Report) last posted its quarterly earnings data on Wednesday, March 26th. The business services provider reported $1.13 earnings per share (EPS) for the quarter, beating 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 the consensus estimate of $2.60 billion. During the same period last year, the firm posted $3.84 earnings per share. The company's revenue was up 8.4% compared to the same quarter last year. Research analysts anticipate that Cintas Co. will post 4.31 earnings per share for the current year.

Cintas Announces Dividend

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

Wall Street Analysts Forecast Growth

CTAS has been the topic of a number of research analyst reports. Wells Fargo & Company upped their price target on shares of Cintas from $184.00 to $196.00 and gave the stock an "underweight" rating in a report on Thursday, March 27th. UBS Group boosted their price target on Cintas from $218.00 to $240.00 and gave the company a "buy" rating in a report on Thursday, March 27th. Morgan Stanley raised their price objective on Cintas from $195.00 to $213.00 and gave the stock an "equal weight" rating in a report on Thursday, March 27th. Robert W. Baird upped their target price on Cintas from $200.00 to $227.00 and gave the stock a "neutral" rating in a report on Thursday, March 27th. Finally, Citigroup began coverage on Cintas in a research note on Monday, February 24th. They set a "sell" rating and a $161.00 price target on the stock. Two analysts have rated the stock with a sell rating, seven have issued a hold rating and six have given a buy rating to the stock. Based on data from MarketBeat, the stock has a consensus rating of "Hold" and a consensus target price of $213.62.

Insider Buying and Selling

In other Cintas news, COO Jim Rozakis sold 2,000 shares of the firm'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 directly owns 256,528 shares of the company's stock, valued at $48,835,235.36. This trade represents a 0.77 % decrease in their position. The transaction was disclosed in a document filed with the SEC, which is available through this hyperlink. 15.00% of the stock is owned by company insiders.

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.