Cintas Co. (NASDAQ:CTAS) Shares Sold by B. Metzler seel. Sohn & Co. AG

B. Metzler seel. Sohn & Co. AG trimmed its holdings in shares of Cintas Co. (NASDAQ:CTAS) by 2.2% in the fourth quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The institutional investor owned 255,208 shares of the business services provider’s stock after selling 5,811 shares during the period. B. Metzler seel. Sohn & Co. AG’s holdings in Cintas were worth $46,674,000 at the end of the most recent reporting period.

A number of other large investors have also modified their holdings of the business. Fisher Asset Management LLC increased its holdings in Cintas by 178.3% in the third quarter. Fisher Asset Management LLC now owns 2,460 shares of the business services provider’s stock valued at $507,000 after buying an additional 1,576 shares in the last quarter. Rockefeller Capital Management L.P. grew its holdings in Cintas by 290.4% in the third quarter. Rockefeller Capital Management L.P. now owns 127,559 shares of the business services provider’s stock valued at $26,287,000 after purchasing an additional 94,882 shares during the last quarter. Icon Wealth Advisors LLC raised its stake in shares of Cintas by 297.5% during the 3rd quarter. Icon Wealth Advisors LLC now owns 632 shares of the business services provider’s stock worth $130,000 after buying an additional 473 shares during the last quarter. Captrust Financial Advisors raised its stake in shares of Cintas by 264.6% during the 3rd quarter. Captrust Financial Advisors now owns 95,299 shares of the business services provider’s stock worth $19,620,000 after buying an additional 69,164 shares during the last quarter. Finally, Verition Fund Management LLC lifted its holdings in shares of Cintas by 164.1% in the third quarter. Verition Fund Management LLC now owns 13,920 shares of the business services provider’s stock valued at $2,866,000 after purchasing an additional 8,649 shares in the last quarter. 63.46% of the stock is owned by hedge funds and other institutional investors.

Analysts Set New Price Targets

A number of analysts recently commented on CTAS shares. Citigroup began coverage on Cintas in a research note on Monday, February 24th. They set a “sell” rating and a $161.00 price objective on the stock. Wells Fargo & Company boosted their price objective on shares of Cintas from $184.00 to $196.00 and gave the company an “underweight” rating in a research note on Thursday. Morgan Stanley increased their target price on shares of Cintas from $195.00 to $213.00 and gave the stock an “equal weight” rating in a research report on Thursday. Royal Bank of Canada reiterated a “sector perform” rating and issued a $215.00 price target on shares of Cintas in a report on Thursday. Finally, Robert W. Baird lifted their price objective on shares of Cintas from $200.00 to $227.00 and gave the company a “neutral” rating in a research note on Thursday. Two equities research analysts have rated the stock with a sell rating, eight have issued a hold rating and five have given a buy rating to the company’s stock. Based on data from MarketBeat.com, Cintas currently has an average rating of “Hold” and a consensus price target of $210.58.

Cintas Price Performance

Shares of NASDAQ CTAS opened at $203.22 on Monday. The company has a current ratio of 1.58, a quick ratio of 1.38 and a debt-to-equity ratio of 0.47. The company has a market capitalization of $82.01 billion, a price-to-earnings ratio of 49.00, a price-to-earnings-growth ratio of 3.98 and a beta of 1.41. Cintas Co. has a twelve month low of $162.16 and a twelve month high of $228.12. The business has a 50 day simple moving average of $201.01 and a 200-day simple moving average of $204.62.

Cintas (NASDAQ:CTAS) last released its quarterly earnings data on Wednesday, March 26th. The business services provider reported $1.13 EPS for the quarter, topping analysts’ consensus estimates of $1.05 by $0.08. The firm had revenue of $2.61 billion during the quarter, compared to the consensus estimate of $2.60 billion. Cintas had a net margin of 17.23% and a return on equity of 40.62%. The firm’s revenue was up 8.4% on a year-over-year basis. During the same quarter in the previous year, the company posted $3.84 earnings per share. As a group, equities research analysts expect that Cintas Co. will post 4.31 earnings per share for the current year.

Cintas Dividend Announcement

The firm also recently announced a quarterly dividend, which was paid on Friday, March 14th. Shareholders of record on Friday, February 14th were issued a $0.39 dividend. The ex-dividend date of this dividend was Friday, February 14th. This represents a $1.56 dividend on an annualized basis and a yield of 0.77%. Cintas’s dividend payout ratio is currently 36.11%.

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.