Lineweaver Wealth Advisors LLC Sells 1,549 Shares of Cintas Co. (NASDAQ:CTAS)

Lineweaver Wealth Advisors LLC lessened its stake in Cintas Co. (NASDAQ:CTAS) by 6.3% in the fourth quarter, Holdings Channel reports. The firm owned 23,031 shares of the business services provider’s stock after selling 1,549 shares during the quarter. Lineweaver Wealth Advisors LLC’s holdings in Cintas were worth $4,208,000 at the end of the most recent reporting period.

Other large investors have also recently bought and sold shares of the company. Guardian Wealth Advisors LLC grew its holdings in Cintas by 3.1% in the fourth quarter. Guardian Wealth Advisors LLC now owns 1,741 shares of the business services provider’s stock worth $318,000 after purchasing an additional 52 shares during the period. MGB Wealth Management LLC grew its stake in shares of Cintas by 0.7% in the 4th quarter. MGB Wealth Management LLC now owns 7,248 shares of the business services provider’s stock valued at $1,328,000 after buying an additional 52 shares during the period. Aaron Wealth Advisors LLC boosted its holdings in Cintas by 2.0% in the fourth quarter. Aaron Wealth Advisors LLC now owns 2,803 shares of the business services provider’s stock worth $512,000 after acquiring an additional 55 shares in the last quarter. S.A. Mason LLC increased its holdings in shares of Cintas by 3.3% during the fourth quarter. S.A. Mason LLC now owns 1,703 shares of the business services provider’s stock valued at $311,000 after acquiring an additional 55 shares in the last quarter. Finally, Simon Quick Advisors LLC raised its position in shares of Cintas by 5.5% during the fourth quarter. Simon Quick Advisors LLC now owns 1,213 shares of the business services provider’s stock worth $222,000 after purchasing an additional 63 shares during the period. 63.46% of the stock is currently owned by institutional investors and hedge funds.

Analyst Ratings Changes

Several research firms have recently commented on CTAS. Morgan Stanley boosted their target price 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. 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 report on Friday, December 20th. Citigroup started coverage on Cintas in a research report on Monday. They issued a “sell” rating and a $161.00 target price for the company. The Goldman Sachs Group decreased their price objective on Cintas from $236.00 to $211.00 and set a “buy” rating for the company in a report on Friday, December 20th. Finally, Robert W. Baird lowered their price objective on Cintas from $209.00 to $200.00 and set a “neutral” rating on the stock in a research note on Friday, December 20th. Two equities research analysts have rated the stock with a sell rating, nine have issued a hold rating and six have given a buy rating to the company’s stock. According to MarketBeat, the stock has a consensus rating of “Hold” and an average target price of $199.79.

Cintas Price Performance

CTAS stock opened at $204.31 on Thursday. The firm has a 50 day moving average of $196.31 and a 200-day moving average of $208.59. The firm has a market capitalization of $82.45 billion, a P/E ratio of 49.26, a price-to-earnings-growth ratio of 3.98 and a beta of 1.38. Cintas Co. has a 12 month low of $154.15 and a 12 month high of $228.12. The company has a current ratio of 1.58, a quick ratio of 1.38 and a debt-to-equity ratio of 0.47.

Cintas (NASDAQ:CTAS) last released its quarterly earnings results on Thursday, December 19th. The business services provider reported $1.09 EPS for the quarter, beating analysts’ consensus estimates of $1.01 by $0.08. The firm had revenue of $2.56 billion during the quarter, compared to analyst estimates of $2.56 billion. Cintas had a net margin of 17.23% and a return on equity of 40.62%. The business’s revenue for the quarter was up 7.8% on a year-over-year basis. During the same period in the previous year, the business earned $3.61 EPS. As a group, sell-side analysts predict that Cintas Co. will post 4.31 earnings per share for the current fiscal year.

Cintas Announces Dividend

The firm also recently declared a quarterly dividend, which will be paid on Friday, March 14th. Shareholders of record on Friday, February 14th will be issued a $0.39 dividend. The ex-dividend date of this dividend is Friday, February 14th. This represents a $1.56 annualized dividend and a dividend yield of 0.76%. Cintas’s payout ratio is currently 37.59%.

Cintas Company 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.