Riverbridge Partners LLC Decreases Stock Position in Cintas Co. (NASDAQ:CTAS)

Riverbridge Partners LLC decreased its position in Cintas Co. (NASDAQ:CTAS - Free Report) by 1.2% in the fourth quarter, according to its most recent Form 13F filing with the SEC. The institutional investor owned 203,132 shares of the business services provider's stock after selling 2,466 shares during the period. Riverbridge Partners LLC owned about 0.05% of Cintas worth $37,112,000 at the end of the most recent quarter.

A number of other institutional investors and hedge funds also recently added to or reduced their stakes in CTAS. Wendell David Associates Inc. grew its position in shares of Cintas by 7.4% in the fourth quarter. Wendell David Associates Inc. now owns 1,967 shares of the business services provider's stock valued at $359,000 after purchasing an additional 135 shares during the period. Traynor Capital Management Inc. grew its position in shares of Cintas by 13.7% in the fourth quarter. Traynor Capital Management Inc. now owns 16,982 shares of the business services provider's stock valued at $3,103,000 after purchasing an additional 2,040 shares during the period. Wesbanco Bank Inc. grew its position in shares of Cintas by 27.7% in the fourth quarter. Wesbanco Bank Inc. now owns 1,708 shares of the business services provider's stock valued at $312,000 after purchasing an additional 370 shares during the period. Daymark Wealth Partners LLC grew its position in shares of Cintas by 9.9% in the fourth quarter. Daymark Wealth Partners LLC now owns 16,209 shares of the business services provider's stock valued at $2,961,000 after purchasing an additional 1,461 shares during the period. Finally, Dakota Wealth Management grew its position in shares of Cintas by 1.6% in the fourth quarter. Dakota Wealth Management now owns 92,603 shares of the business services provider's stock valued at $16,919,000 after purchasing an additional 1,463 shares during the period. Hedge funds and other institutional investors own 63.46% of the company's stock.

Cintas Trading Down 0.5 %

Shares of NASDAQ:CTAS traded down $0.92 during mid-day trading on Thursday, reaching $198.10. 368,772 shares of the company were exchanged, compared to its average volume of 1,964,589. The firm has a market cap of $79.94 billion, a price-to-earnings ratio of 47.76, a P/E/G ratio of 3.89 and a beta of 1.37. The company has a debt-to-equity ratio of 0.47, a current ratio of 1.58 and a quick ratio of 1.38. Cintas Co. has a 1 year low of $148.75 and a 1 year high of $228.12. The firm's 50-day simple moving average is $203.73 and its 200 day simple moving average is $205.62.

Cintas (NASDAQ:CTAS - Get Free Report) last issued its quarterly earnings data on Thursday, December 19th. The business services provider reported $1.09 earnings per share for the quarter, beating analysts' consensus estimates 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 during the quarter, compared to analysts' expectations of $2.56 billion. During the same period in the previous year, the firm posted $3.61 earnings per share. The company's revenue was up 7.8% on a year-over-year basis. Equities research analysts forecast that Cintas Co. will post 4.31 EPS for the current year.

Cintas Announces Dividend

The company also recently disclosed a quarterly dividend, which will be paid on Friday, March 14th. Stockholders 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 dividend yield of 0.79%. Cintas's payout ratio is presently 37.61%.

Analyst Upgrades and Downgrades

Several analysts have recently issued reports on the stock. Royal Bank of Canada reiterated a "sector perform" rating and issued a $215.00 target price on shares of Cintas in a research report on Friday, December 20th. Wells Fargo & Company lowered their price target on shares of Cintas from $191.00 to $184.00 and set an "underweight" rating on the stock in a research report on Friday, December 20th. UBS Group lowered their price target on shares of Cintas from $240.00 to $218.00 and set a "buy" rating on the stock in a research report on Friday, December 20th. Morgan Stanley boosted their price target on shares of Cintas from $185.00 to $202.00 and gave the stock an "equal weight" rating in a research report on Thursday, December 12th. Finally, The Goldman Sachs Group lowered their price target on shares of Cintas from $236.00 to $211.00 and set a "buy" rating on the stock 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 assigned a buy rating to the stock. According to data from MarketBeat.com, the stock presently has an average rating of "Hold" and a consensus target price 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.