Heritage Wealth Advisors Has $535,000 Position in Cintas Co. (NASDAQ:CTAS)

Heritage Wealth Advisors cut its holdings in Cintas Co. (NASDAQ:CTAS) by 11.7% during the fourth quarter, according to its most recent Form 13F filing with the SEC. The firm owned 2,928 shares of the business services provider’s stock after selling 388 shares during the period. Heritage Wealth Advisors’ holdings in Cintas were worth $535,000 as of its most recent filing with the SEC.

Other large investors have also made changes to their positions in the company. Ausdal Financial Partners Inc. lifted its holdings in shares of Cintas by 2.9% during the fourth quarter. Ausdal Financial Partners Inc. now owns 2,184 shares of the business services provider’s stock worth $399,000 after buying an additional 61 shares during the last quarter. Mitsubishi UFJ Trust & Banking Corp raised its stake in Cintas by 14.3% during the 4th quarter. Mitsubishi UFJ Trust & Banking Corp now owns 254,332 shares of the business services provider’s stock valued at $46,466,000 after purchasing an additional 31,892 shares during the last quarter. Zions Bancorporation N.A. boosted its holdings in Cintas by 52.5% in the 4th quarter. Zions Bancorporation N.A. now owns 13,047 shares of the business services provider’s stock valued at $2,384,000 after purchasing an additional 4,489 shares during the period. TIAA Trust National Association boosted its holdings in Cintas by 1.0% in the 4th quarter. TIAA Trust National Association now owns 5,380 shares of the business services provider’s stock valued at $983,000 after purchasing an additional 52 shares during the period. Finally, EntryPoint Capital LLC grew its position in Cintas by 26.8% in the 4th quarter. EntryPoint Capital LLC now owns 1,443 shares of the business services provider’s stock worth $264,000 after purchasing an additional 305 shares during the last quarter. Institutional investors and hedge funds own 63.46% of the company’s stock.

Analysts Set New Price Targets

Several equities research analysts recently weighed in on CTAS shares. Royal Bank of Canada reiterated a “sector perform” rating and issued a $215.00 target price on shares of Cintas in a research note on Friday, December 20th. Robert W. Baird reduced their price objective on Cintas from $209.00 to $200.00 and set a “neutral” rating for the company in a research report on Friday, December 20th. The Goldman Sachs Group decreased their price objective on Cintas from $236.00 to $211.00 and set a “buy” rating on the stock in a report on Friday, December 20th. Citigroup assumed coverage on Cintas in a research report on Monday, February 24th. They issued a “sell” rating and a $161.00 target price for the company. Finally, Morgan Stanley boosted their price target on shares of Cintas from $185.00 to $202.00 and gave the company an “equal weight” rating in a report on Thursday, December 12th. Two analysts have rated the stock with a sell rating, nine have assigned a hold rating and six have given a buy rating to the stock. Based on data from MarketBeat, Cintas presently has an average rating of “Hold” and a consensus target price of $199.79.

Cintas Price Performance

Shares of CTAS stock opened at $193.46 on Wednesday. Cintas Co. has a 52 week low of $158.10 and a 52 week high of $228.12. The stock has a market capitalization of $78.07 billion, a PE ratio of 46.64, a PEG ratio of 3.98 and a beta of 1.41. The company has a debt-to-equity ratio of 0.47, a quick ratio of 1.38 and a current ratio of 1.58. The stock’s fifty day moving average is $200.57 and its 200-day moving average is $208.92.

Cintas Announces Dividend

The business also recently declared a quarterly dividend, which was paid on Friday, March 14th. Investors of record on Friday, February 14th were issued a $0.39 dividend. This represents a $1.56 dividend on an annualized basis and a dividend yield of 0.81%. The ex-dividend date of this dividend was Friday, February 14th. Cintas’s dividend payout ratio is currently 37.59%.

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.