Wolverine Asset Management LLC Has $365,000 Holdings in Cintas Co. (NASDAQ:CTAS)

Wolverine Asset Management LLC trimmed its holdings in Cintas Co. (NASDAQ:CTAS) by 33.3% in the fourth quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The fund owned 2,000 shares of the business services provider’s stock after selling 1,000 shares during the period. Wolverine Asset Management LLC’s holdings in Cintas were worth $365,000 at the end of the most recent quarter.

Several other hedge funds and other institutional investors also recently made changes to their positions in CTAS. Financial Management Professionals Inc. lifted its holdings in Cintas by 341.4% during the 3rd quarter. Financial Management Professionals Inc. now owns 128 shares of the business services provider’s stock valued at $26,000 after purchasing an additional 99 shares during the last quarter. Hollencrest Capital Management lifted its stake in shares of Cintas by 433.3% during the 3rd quarter. Hollencrest Capital Management now owns 128 shares of the business services provider’s stock worth $26,000 after buying an additional 104 shares during the last quarter. Sound Income Strategies LLC bought a new stake in shares of Cintas during the 4th quarter worth about $27,000. Addison Advisors LLC grew its stake in Cintas by 495.7% in the 3rd quarter. Addison Advisors LLC now owns 137 shares of the business services provider’s stock valued at $28,000 after buying an additional 114 shares during the last quarter. Finally, Endeavor Private Wealth Inc. bought a new position in Cintas in the 4th quarter valued at about $31,000. 63.46% of the stock is currently owned by institutional investors.

Wall Street Analyst Weigh In

Several equities analysts have recently commented on CTAS shares. Morgan Stanley upped their target price on Cintas from $185.00 to $202.00 and gave the company an “equal weight” rating in a research report on Thursday, December 12th. UBS Group decreased their price objective on Cintas from $240.00 to $218.00 and set a “buy” rating on the stock in a report on Friday, December 20th. Royal Bank of Canada reissued a “sector perform” rating and set a $215.00 target price on shares of Cintas in a report on Friday, December 20th. Robert W. Baird decreased their price target on shares of Cintas from $209.00 to $200.00 and set a “neutral” rating on the stock in a research note on Friday, December 20th. Finally, The Goldman Sachs Group dropped their price objective 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. Two investment analysts have rated the stock with a sell rating, nine have issued a hold rating and six have assigned a buy rating to the company’s stock. According to MarketBeat, the company has a consensus rating of “Hold” and an average price target of $198.46.

Cintas Trading Down 0.7 %

Shares of CTAS opened at $204.43 on Monday. 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 Co. has a 52-week low of $154.15 and a 52-week high of $228.12. The firm has a market cap of $82.50 billion, a price-to-earnings ratio of 49.29, a PEG ratio of 3.98 and a beta of 1.38. The business’s fifty day moving average is $196.53 and its 200-day moving average is $208.39.

Cintas (NASDAQ:CTAS) last issued 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 return on equity of 40.62% and a net margin of 17.23%. The firm had revenue of $2.56 billion during 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 business’s quarterly revenue was up 7.8% on a year-over-year basis. Equities analysts anticipate that Cintas Co. will post 4.31 EPS for the current fiscal year.

Cintas Dividend Announcement

The business also recently announced a quarterly dividend, which will be paid on Friday, March 14th. Shareholders of record on Friday, February 14th will be paid a dividend of $0.39 per share. 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 0.76%. Cintas’s payout ratio is presently 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.