Cintas Co. (NASDAQ:CTAS) Shares Sold by Godsey & Gibb Inc.

Godsey & Gibb Inc. lessened its stake in shares of Cintas Co. (NASDAQ:CTAS - Free Report) by 2.6% during the 4th quarter, according to its most recent filing with the Securities and Exchange Commission. The institutional investor owned 126,716 shares of the business services provider's stock after selling 3,439 shares during the quarter. Cintas makes up about 2.3% of Godsey & Gibb Inc.'s portfolio, making the stock its 16th biggest position. Godsey & Gibb Inc.'s holdings in Cintas were worth $23,151,000 as of its most recent filing with the Securities and Exchange Commission.

Several other hedge funds and other institutional investors have also bought and sold shares of the stock. Moors & Cabot Inc. grew its position in shares of Cintas by 6.9% in the 2nd quarter. Moors & Cabot Inc. now owns 757 shares of the business services provider's stock worth $530,000 after buying an additional 49 shares during the last quarter. Edgestream Partners L.P. boosted its stake in Cintas by 74.1% in the second quarter. Edgestream Partners L.P. now owns 2,463 shares of the business services provider's stock valued at $1,725,000 after acquiring an additional 1,048 shares in the last quarter. Axxcess Wealth Management LLC increased its position in shares of Cintas by 0.5% during the second quarter. Axxcess Wealth Management LLC now owns 2,905 shares of the business services provider's stock worth $2,034,000 after purchasing an additional 14 shares in the last quarter. E Fund Management Co. Ltd. increased its position in shares of Cintas by 1.9% during the second quarter. E Fund Management Co. Ltd. now owns 997 shares of the business services provider's stock worth $698,000 after purchasing an additional 19 shares in the last quarter. Finally, Meiji Yasuda Life Insurance Co lifted its holdings in shares of Cintas by 3.3% during the 2nd quarter. Meiji Yasuda Life Insurance Co now owns 2,318 shares of the business services provider's stock valued at $1,623,000 after purchasing an additional 75 shares during the last quarter. Institutional investors own 63.46% of the company's stock.

Cintas Stock Performance

Shares of NASDAQ CTAS traded up $2.35 during trading on Thursday, reaching $198.05. 1,417,871 shares of the company traded hands, compared to its average volume of 2,166,297. The stock has a market cap of $79.92 billion, a P/E ratio of 47.75, a PEG ratio of 3.65 and a beta of 1.37. The firm's fifty day simple moving average is $206.18 and its 200 day simple moving average is $204.81. The company has a current ratio of 1.58, a quick ratio of 1.38 and a debt-to-equity ratio of 0.47. Cintas Co. has a 12-month low of $146.29 and a 12-month high of $228.12.

Cintas (NASDAQ:CTAS - Get Free Report) last announced its quarterly 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 return on equity of 40.62% and a net margin of 17.23%. The company 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. Cintas's quarterly revenue was up 7.8% on a year-over-year basis. As a group, research analysts anticipate that Cintas Co. will post 4.31 earnings per share for the current fiscal year.

Cintas Announces Dividend

The company also recently disclosed a quarterly dividend, which will be paid on Friday, March 14th. Shareholders of record on Friday, February 14th will be issued 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 payout ratio is 37.61%.

Analysts Set New Price Targets

Several brokerages recently weighed in on CTAS. Morgan Stanley boosted their target price on Cintas from $185.00 to $202.00 and gave the stock an "equal weight" rating in a research note on Thursday, December 12th. Robert W. Baird dropped their price target on Cintas from $209.00 to $200.00 and set a "neutral" rating on the stock in a research note on Friday, December 20th. Royal Bank of Canada reaffirmed a "sector perform" rating and issued a $215.00 price objective on shares of Cintas in a research report on Friday, December 20th. Wells Fargo & Company lowered their target price on shares of 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 target on shares of Cintas from $210.00 to $245.00 and gave the company an "overweight" rating in a research note on Friday, September 27th. Two investment analysts have rated the stock with a sell rating, nine have given a hold rating and six have issued a buy rating to the stock. Based on data from MarketBeat, the stock currently has an average rating of "Hold" and an average target price of $198.46.

Cintas Company 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.