Los Angeles Capital Management LLC Cuts Stock Position in Cintas Co. (NASDAQ:CTAS)

Los Angeles Capital Management LLC cut its holdings in Cintas Co. (NASDAQ:CTAS) by 22.1% in the fourth quarter, HoldingsChannel reports. The firm owned 145,956 shares of the business services provider’s stock after selling 41,359 shares during the quarter. Los Angeles Capital Management LLC’s holdings in Cintas were worth $87,962,000 at the end of the most recent reporting period.

A number of other institutional investors and hedge funds have also recently modified their holdings of CTAS. Janiczek Wealth Management LLC grew its holdings in shares of Cintas by 113.0% in the fourth quarter. Janiczek Wealth Management LLC now owns 49 shares of the business services provider’s stock valued at $30,000 after purchasing an additional 26 shares in the last quarter. Catalyst Capital Advisors LLC grew its holdings in shares of Cintas by 33.9% in the third quarter. Catalyst Capital Advisors LLC now owns 75 shares of the business services provider’s stock valued at $36,000 after purchasing an additional 19 shares in the last quarter. Raleigh Capital Management Inc. grew its holdings in shares of Cintas by 66.7% in the third quarter. Raleigh Capital Management Inc. now owns 85 shares of the business services provider’s stock valued at $41,000 after purchasing an additional 34 shares in the last quarter. Ancora Advisors LLC grew its holdings in shares of Cintas by 2,833.3% in the third quarter. Ancora Advisors LLC now owns 88 shares of the business services provider’s stock valued at $43,000 after purchasing an additional 85 shares in the last quarter. Finally, Operose Advisors LLC grew its holdings in shares of Cintas by 944.4% in the third quarter. Operose Advisors LLC now owns 94 shares of the business services provider’s stock valued at $45,000 after purchasing an additional 85 shares in the last quarter. 63.46% of the stock is owned by hedge funds and other institutional investors.

Wall Street Analysts Forecast Growth

CTAS has been the subject of a number of recent research reports. Deutsche Bank Aktiengesellschaft raised their target price on shares of Cintas from $629.00 to $726.00 and gave the company a “hold” rating in a report on Thursday, March 28th. UBS Group lifted their price objective on shares of Cintas from $680.00 to $790.00 and gave the stock a “buy” rating in a research note on Thursday, March 28th. Barclays lifted their price objective on shares of Cintas from $630.00 to $700.00 and gave the stock an “overweight” rating in a research note on Thursday, February 29th. StockNews.com raised shares of Cintas from a “hold” rating to a “buy” rating in a research note on Monday, March 25th. Finally, The Goldman Sachs Group lifted their price objective on shares of Cintas from $673.00 to $765.00 and gave the stock a “buy” rating in a research note on Thursday, March 28th. Six research analysts have rated the stock with a hold rating and nine have issued a buy rating to the stock. Based on data from MarketBeat.com, Cintas has a consensus rating of “Moderate Buy” and an average price target of $661.21.

Cintas Trading Down 0.2 %

Shares of NASDAQ:CTAS traded down $1.10 on Thursday, hitting $662.49. 177,606 shares of the company’s stock were exchanged, compared to its average volume of 347,520. Cintas Co. has a 12 month low of $456.57 and a 12 month high of $704.84. The stock has a market capitalization of $67.16 billion, a price-to-earnings ratio of 45.83, a price-to-earnings-growth ratio of 3.86 and a beta of 1.27. The company has a debt-to-equity ratio of 0.58, a current ratio of 2.38 and a quick ratio of 2.03. The business’s 50 day simple moving average is $651.02 and its two-hundred day simple moving average is $597.11.

Cintas (NASDAQ:CTAS) last issued its quarterly earnings results on Wednesday, March 27th. The business services provider reported $3.84 earnings per share for the quarter, topping analysts’ consensus estimates of $3.58 by $0.26. Cintas had a return on equity of 37.19% and a net margin of 15.98%. The business had revenue of $2.41 billion for the quarter, compared to analyst estimates of $2.39 billion. During the same quarter in the previous year, the firm earned $3.14 earnings per share. The company’s revenue was up 9.9% on a year-over-year basis. Analysts anticipate that Cintas Co. will post 14.95 EPS for the current fiscal year.

Cintas Announces Dividend

The company also recently announced a quarterly dividend, which will be paid on Friday, June 14th. Investors of record on Wednesday, May 15th will be given a $1.35 dividend. The ex-dividend date of this dividend is Tuesday, May 14th. This represents a $5.40 dividend on an annualized basis and a yield of 0.82%. Cintas’s dividend payout ratio is currently 37.29%.

Cintas Profile

Cintas Corporation provides 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.