Signaturefd LLC Sells 105 Shares of Cintas Co. (NASDAQ:CTAS)

Signaturefd LLC lowered its stake in shares of Cintas Co. (NASDAQ:CTAS) by 7.0% during the 4th quarter, according to the company in its most recent 13F filing with the SEC. The institutional investor owned 1,392 shares of the business services provider’s stock after selling 105 shares during the quarter. Signaturefd LLC’s holdings in Cintas were worth $839,000 at the end of the most recent quarter.

A number of other hedge funds also recently made changes to their positions in the stock. Janiczek Wealth Management LLC raised its holdings in shares of Cintas by 113.0% during the 4th quarter. Janiczek Wealth Management LLC now owns 49 shares of the business services provider’s stock valued at $30,000 after buying an additional 26 shares in the last quarter. Catalyst Capital Advisors LLC raised its position in Cintas by 33.9% in the 3rd quarter. Catalyst Capital Advisors LLC now owns 75 shares of the business services provider’s stock worth $36,000 after purchasing an additional 19 shares during the period. Impact Partnership Wealth LLC lifted its stake in Cintas by 2,050.0% in the third quarter. Impact Partnership Wealth LLC now owns 86 shares of the business services provider’s stock worth $41,000 after purchasing an additional 82 shares during the last quarter. Raleigh Capital Management Inc. boosted its position in Cintas by 66.7% during the third quarter. Raleigh Capital Management Inc. now owns 85 shares of the business services provider’s stock valued at $41,000 after buying an additional 34 shares during the period. Finally, Ancora Advisors LLC grew its stake in shares of Cintas by 2,833.3% during the third quarter. Ancora Advisors LLC now owns 88 shares of the business services provider’s stock valued at $43,000 after buying an additional 85 shares during the last quarter. 63.46% of the stock is owned by institutional investors.

Wall Street Analysts Forecast Growth

A number of equities research analysts have issued reports on CTAS shares. Barclays raised their price target on shares of Cintas from $630.00 to $700.00 and gave the stock an “overweight” rating in a report on Thursday, February 29th. Oppenheimer reiterated a “market perform” rating on shares of Cintas in a research note on Monday, April 1st. Royal Bank of Canada upped their price target on Cintas from $675.00 to $725.00 and gave the company an “outperform” rating in a report on Thursday, March 28th. Robert W. Baird lifted their price target on shares of Cintas from $660.00 to $750.00 and gave the stock an “outperform” rating in a research note on Thursday, March 28th. Finally, The Goldman Sachs Group raised their target price on shares of Cintas from $673.00 to $765.00 and gave the stock a “buy” rating in a report on Thursday, March 28th. Six analysts have rated the stock with a hold rating and nine have given a buy rating to the stock. According to data from MarketBeat, the stock currently has a consensus rating of “Moderate Buy” and an average price target of $661.21.

Cintas Stock Up 0.6 %

Shares of CTAS stock opened at $665.00 on Tuesday. The company has a market capitalization of $67.41 billion, a price-to-earnings ratio of 45.93, a PEG ratio of 3.87 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 company’s fifty day moving average price is $644.07 and its 200-day moving average price is $590.00. Cintas Co. has a one year low of $438.59 and a one year high of $704.84.

Cintas (NASDAQ:CTAS) last issued its quarterly earnings data on Wednesday, March 27th. The business services provider reported $3.84 earnings per share for the quarter, beating 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 firm had revenue of $2.41 billion during the quarter, compared to analyst estimates of $2.39 billion. During the same quarter last year, the business posted $3.14 earnings per share. The business’s quarterly revenue was up 9.9% compared to the same quarter last year. Sell-side analysts expect that Cintas Co. will post 14.95 EPS for the current fiscal year.

Cintas Dividend Announcement

The firm also recently announced a quarterly dividend, which will be paid on Friday, June 14th. Stockholders of record on Wednesday, May 15th will be given a dividend of $1.35 per share. This represents a $5.40 annualized dividend and a dividend yield of 0.81%. The ex-dividend date is Tuesday, May 14th. Cintas’s dividend payout ratio is 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.