One Capital Management LLC Sells 1,728 Shares of Cintas Co. (NASDAQ:CTAS)

One Capital Management LLC trimmed its holdings in shares of Cintas Co. (NASDAQ:CTAS - Free Report) by 22.1% in the 4th quarter, according to its most recent disclosure with the SEC. The fund owned 6,105 shares of the business services provider's stock after selling 1,728 shares during the period. One Capital Management LLC's holdings in Cintas were worth $1,115,000 as of its most recent SEC filing.

Several other large investors have also recently made changes to their positions in the business. State Street Corp boosted its position in shares of Cintas by 299.3% during the third quarter. State Street Corp now owns 14,555,558 shares of the business services provider's stock valued at $2,996,697,000 after buying an additional 10,910,285 shares during the last quarter. FMR LLC grew its stake in shares of Cintas by 297.3% in the third quarter. FMR LLC now owns 8,781,132 shares of the business services provider's stock worth $1,807,860,000 after acquiring an additional 6,571,128 shares during the period. Geode Capital Management LLC grew its stake in shares of Cintas by 309.7% in the third quarter. Geode Capital Management LLC now owns 8,248,271 shares of the business services provider's stock worth $1,693,654,000 after acquiring an additional 6,235,052 shares during the period. Franklin Resources Inc. grew its stake in shares of Cintas by 264.7% in the third quarter. Franklin Resources Inc. now owns 3,279,029 shares of the business services provider's stock worth $693,503,000 after acquiring an additional 2,379,932 shares during the period. Finally, UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC grew its stake in shares of Cintas by 308.2% in the third quarter. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC now owns 2,522,921 shares of the business services provider's stock worth $519,419,000 after acquiring an additional 1,904,926 shares during the period. 63.46% of the stock is currently owned by hedge funds and other institutional investors.

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Analyst Upgrades and Downgrades

A number of brokerages have recently commented on CTAS. Citigroup began coverage on shares of Cintas in a research note on Monday, February 24th. They issued a "sell" rating and a $161.00 price target for the company. The Goldman Sachs Group reduced 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. UBS Group reduced their price target on shares of Cintas from $240.00 to $218.00 and set a "buy" rating for the company in a research note on Friday, December 20th. Royal Bank of Canada restated a "sector perform" rating and set a $215.00 target price on shares of Cintas in a research report on Friday, December 20th. Finally, Robert W. Baird cut their target price on shares of Cintas from $209.00 to $200.00 and set a "neutral" rating for the company in a research report on Friday, December 20th. Two equities research analysts have rated the stock with a sell rating, nine have assigned a hold rating and six have issued a buy rating to the company's stock. Based on data from MarketBeat, Cintas presently has a consensus rating of "Hold" and an average target price of $199.79.

Cintas Price Performance

Shares of CTAS stock traded up $2.46 during mid-day trading on Friday, hitting $203.06. The company had a trading volume of 1,804,813 shares, compared to its average volume of 1,724,405. Cintas Co. has a 52-week low of $154.15 and a 52-week high of $228.12. The stock's 50 day moving average price is $198.90 and its 200-day moving average price is $209.33. 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 $81.94 billion, a P/E ratio of 48.96, a P/E/G ratio of 3.98 and a beta of 1.41.

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

Cintas Announces Dividend

The firm 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 dividend of $0.39 per share. This represents a $1.56 dividend on an annualized basis and a yield of 0.77%. The ex-dividend date of this dividend is Friday, February 14th. Cintas's payout ratio is 37.59%.

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.