Cintas Co. (NASDAQ:CTAS) Holdings Decreased by Colonial Trust Co SC

Colonial Trust Co SC cut its position in shares of Cintas Co. (NASDAQ:CTAS) by 21.4% during the 4th quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The fund owned 19,746 shares of the business services provider’s stock after selling 5,362 shares during the quarter. Colonial Trust Co SC’s holdings in Cintas were worth $3,608,000 at the end of the most recent reporting period.

A number of other hedge funds have also recently added to or reduced their stakes in CTAS. China Universal Asset Management Co. Ltd. boosted its holdings in shares of Cintas by 28.4% in the 4th quarter. China Universal Asset Management Co. Ltd. now owns 6,563 shares of the business services provider’s stock valued at $1,199,000 after buying an additional 1,450 shares during the period. KMG Fiduciary Partners LLC grew its holdings in shares of Cintas by 121.8% during the fourth quarter. KMG Fiduciary Partners LLC now owns 11,545 shares of the business services provider’s stock valued at $2,109,000 after purchasing an additional 6,341 shares during the last quarter. JPMorgan Chase & Co. lifted its holdings in shares of Cintas by 137.5% in the 3rd quarter. JPMorgan Chase & Co. now owns 2,222,527 shares of the business services provider’s stock worth $457,574,000 after purchasing an additional 1,286,668 shares during the last quarter. Annex Advisory Services LLC boosted its position in Cintas by 1.6% during the 4th quarter. Annex Advisory Services LLC now owns 127,441 shares of the business services provider’s stock valued at $23,283,000 after purchasing an additional 1,988 shares during the period. Finally, LVM Capital Management Ltd. MI grew its stake in Cintas by 292.7% during the 4th quarter. LVM Capital Management Ltd. MI now owns 5,482 shares of the business services provider’s stock worth $1,002,000 after buying an additional 4,086 shares during the last quarter. Institutional investors and hedge funds own 63.46% of the company’s stock.

Insider Buying and Selling

In other news, Director Ronald W. Tysoe sold 8,521 shares of the firm’s stock in a transaction on Monday, April 14th. The stock was sold at an average price of $208.96, for a total value of $1,780,548.16. Following the completion of the sale, the director now owns 27,029 shares of the company’s stock, valued at $5,647,979.84. This trade represents a 23.97 % decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which is available at this link. Also, COO Jim Rozakis sold 2,000 shares of the company’s stock in a transaction 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 in the company, valued at $48,835,235.36. The trade was a 0.77 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Company insiders own 15.00% of the company’s stock.

Cintas Price Performance

NASDAQ CTAS opened at $213.57 on Wednesday. Cintas Co. has a 1 year low of $164.93 and a 1 year high of $228.12. The business’s fifty day moving average is $202.41 and its two-hundred day moving average is $204.32. The stock has a market capitalization of $86.24 billion, a P/E ratio of 51.49, a P/E/G ratio of 3.98 and a beta of 1.09. The company has a debt-to-equity ratio of 0.47, a quick ratio of 1.38 and a current ratio of 1.58.

Cintas (NASDAQ:CTAS) last announced its earnings results on Wednesday, March 26th. The business services provider reported $1.13 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $1.05 by $0.08. The company had revenue of $2.61 billion for the quarter, compared to analyst estimates of $2.60 billion. Cintas had a return on equity of 40.62% and a net margin of 17.23%. Cintas’s revenue for the quarter was up 8.4% compared to the same quarter last year. During the same period in the previous year, the firm earned $3.84 earnings per share. On average, research analysts forecast that Cintas Co. will post 4.31 earnings per share for the current fiscal year.

Cintas Announces Dividend

The company also recently declared a quarterly dividend, which will be paid on Friday, June 13th. Investors of record on Thursday, May 15th will be given a $0.39 dividend. The ex-dividend date is Thursday, May 15th. This represents a $1.56 annualized dividend and a dividend yield of 0.73%. Cintas’s dividend payout ratio (DPR) is presently 36.11%.

Analyst Ratings Changes

CTAS has been the subject of several analyst reports. Argus raised shares of Cintas to a “strong-buy” rating in a report on Wednesday, April 16th. UBS Group upped their target price on shares of Cintas from $218.00 to $240.00 and gave the stock a “buy” rating in a research report on Thursday, March 27th. Robert W. Baird lifted their price target on Cintas from $200.00 to $227.00 and gave the company a “neutral” rating in a report on Thursday, March 27th. The Goldman Sachs Group increased their price objective on Cintas from $211.00 to $233.00 and gave the stock a “buy” rating in a report on Thursday, March 27th. Finally, Bank of America began coverage on Cintas in a research report on Thursday, April 10th. They set a “buy” rating and a $250.00 price target for the company. Three research analysts have rated the stock with a sell rating, six have assigned a hold rating, six have assigned a buy rating and one has assigned a strong buy rating to the company’s stock. According to data from MarketBeat.com, the company has an average rating of “Hold” and a consensus price target of $213.88.

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.