Janney Montgomery Scott LLC Reduces Stock Holdings in Cintas Co. (NASDAQ:CTAS)

Janney Montgomery Scott LLC cut its stake in Cintas Co. (NASDAQ:CTAS - Free Report) by 2.5% during the fourth quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The firm owned 178,142 shares of the business services provider's stock after selling 4,569 shares during the quarter. Janney Montgomery Scott LLC's holdings in Cintas were worth $32,547,000 at the end of the most recent quarter.

A number of other institutional investors and hedge funds have also made changes to their positions in the stock. Daymark Wealth Partners LLC grew its stake in Cintas by 9.9% during the 4th quarter. Daymark Wealth Partners LLC now owns 16,209 shares of the business services provider's stock worth $2,961,000 after buying an additional 1,461 shares during the last quarter. Dakota Wealth Management grew its stake in Cintas by 1.6% during the 4th quarter. Dakota Wealth Management now owns 92,603 shares of the business services provider's stock worth $16,919,000 after buying an additional 1,463 shares during the last quarter. Simon Quick Advisors LLC grew its stake in Cintas by 5.5% during the 4th quarter. Simon Quick Advisors LLC now owns 1,213 shares of the business services provider's stock worth $222,000 after buying an additional 63 shares during the last quarter. MCF Advisors LLC grew its stake in Cintas by 56.7% during the 4th quarter. MCF Advisors LLC now owns 1,128 shares of the business services provider's stock worth $206,000 after buying an additional 408 shares during the last quarter. Finally, Atomi Financial Group Inc. grew its stake in Cintas by 12.9% during the 4th quarter. Atomi Financial Group Inc. now owns 4,442 shares of the business services provider's stock worth $812,000 after buying an additional 508 shares during the last quarter. 63.46% of the stock is currently owned by hedge funds and other institutional investors.

Analyst Ratings Changes

Several research analysts recently weighed in on CTAS shares. Royal Bank of Canada restated a "sector perform" rating and set a $215.00 target price on shares of Cintas in a research note on Friday, December 20th. Morgan Stanley lifted their price target on Cintas from $185.00 to $202.00 and gave the stock an "equal weight" rating in a research report on Thursday, December 12th. Barclays lifted their price target on Cintas from $210.00 to $245.00 and gave the stock an "overweight" rating in a research report on Friday, September 27th. Robert W. Baird lowered their price target on Cintas from $209.00 to $200.00 and set a "neutral" rating for the company in a research report on Friday, December 20th. Finally, UBS Group lowered their price target on Cintas from $240.00 to $218.00 and set a "buy" rating for the company in a research report on Friday, December 20th. Two research analysts have rated the stock with a sell rating, nine have issued a hold rating and six have given a buy rating to the stock. Based on data from MarketBeat, the company currently has a consensus rating of "Hold" and an average price target of $198.46.

Cintas Price Performance

Cintas stock traded down $0.33 during midday trading on Friday, reaching $197.47. The company had a trading volume of 350,756 shares, compared to its average volume of 1,906,968. Cintas Co. has a 12-month low of $148.75 and a 12-month high of $228.12. The firm's fifty day simple moving average is $203.34 and its 200-day simple moving average is $205.57. The company has a debt-to-equity ratio of 0.47, a current ratio of 1.58 and a quick ratio of 1.38. The company has a market capitalization of $79.69 billion, a P/E ratio of 47.62, a P/E/G ratio of 3.84 and a beta of 1.37.

Cintas (NASDAQ:CTAS - Get Free Report) last released its 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 business had revenue of $2.56 billion for the quarter, compared to the consensus estimate of $2.56 billion. During the same quarter last year, the business posted $3.61 earnings per share. The business's quarterly revenue was up 7.8% compared to the same quarter last year. As a group, equities analysts anticipate that Cintas Co. will post 4.31 EPS for the current year.

Cintas Dividend Announcement

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

About Cintas

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.