Cintas Co. (NASDAQ:CTAS) Shares Sold by Vanguard Group Inc.

Vanguard Group Inc. decreased its position in Cintas Co. (NASDAQ:CTAS) by 10.0% during the 4th quarter, Holdings Channel reports. The firm owned 37,367,997 shares of the business services provider’s stock after selling 4,139,617 shares during the quarter. Vanguard Group Inc. owned about 0.09% of Cintas worth $6,827,133,000 at the end of the most recent reporting period.

Several other large investors also recently bought and sold shares of CTAS. Sound Income Strategies LLC purchased a new stake in shares of Cintas in the fourth quarter valued at $27,000. Cyrus J. Lawrence LLC purchased a new stake in shares of Cintas in the fourth quarter valued at $29,000. Endeavor Private Wealth Inc. purchased a new stake in shares of Cintas in the fourth quarter valued at $31,000. IAG Wealth Partners LLC lifted its position in shares of Cintas by 136.8% in the fourth quarter. IAG Wealth Partners LLC now owns 180 shares of the business services provider’s stock valued at $33,000 after acquiring an additional 104 shares in the last quarter. Finally, Newbridge Financial Services Group Inc. purchased a new stake in shares of Cintas in the fourth quarter valued at $34,000. Institutional investors and hedge funds own 63.46% of the company’s stock.

Cintas Price Performance

CTAS stock opened at $191.17 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 1 year low of $158.10 and a 1 year high of $228.12. The firm has a market cap of $77.15 billion, a P/E ratio of 46.09, a price-to-earnings-growth ratio of 3.98 and a beta of 1.41. The stock has a 50-day simple moving average of $200.46 and a 200-day simple moving average of $208.97.

Cintas (NASDAQ:CTAS) last posted its earnings results on Thursday, December 19th. The business services provider reported $1.09 earnings per share (EPS) 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 analyst estimates of $2.56 billion. During the same quarter last year, the firm earned $3.61 earnings per share. The company’s revenue for the quarter was up 7.8% compared to the same quarter last year. On average, equities analysts predict that Cintas Co. will post 4.31 earnings per share for the current fiscal year.

Cintas Dividend Announcement

The firm also recently disclosed a quarterly dividend, which was paid on Friday, March 14th. Shareholders of record on Friday, February 14th were paid a dividend of $0.39 per share. The ex-dividend date was Friday, February 14th. This represents a $1.56 dividend on an annualized basis and a yield of 0.82%. Cintas’s dividend payout ratio (DPR) is presently 37.59%.

Analysts Set New Price Targets

CTAS has been the topic of several recent research reports. Robert W. Baird reduced their price objective on Cintas from $209.00 to $200.00 and set a “neutral” rating on the stock in a research report on Friday, December 20th. The Goldman Sachs Group reduced their price objective on Cintas from $236.00 to $211.00 and set a “buy” rating on the stock in a research report on Friday, December 20th. Citigroup started coverage on Cintas in a research report on Monday, February 24th. They set a “sell” rating and a $161.00 target price on the stock. Royal Bank of Canada reiterated a “sector perform” rating and set a $215.00 target price on shares of Cintas in a research report on Friday, December 20th. Finally, UBS Group reduced their target price on Cintas from $240.00 to $218.00 and set a “buy” rating on the stock in a research report on Friday, December 20th. Two investment analysts have rated the stock with a sell rating, nine have given a hold rating and six have assigned a buy rating to the company. According to data from MarketBeat.com, the stock presently has a consensus rating of “Hold” and an average target price of $199.79.

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.