Blue Trust Inc. Has $183,000 Holdings in Cintas Co. (NASDAQ:CTAS)

Blue Trust Inc. trimmed its position in shares of Cintas Co. (NASDAQ:CTAS) by 21.4% in the 4th quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The fund owned 1,000 shares of the business services provider’s stock after selling 273 shares during the quarter. Blue Trust Inc.’s holdings in Cintas were worth $183,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Several other institutional investors have also made changes to their positions in the company. Allspring Global Investments Holdings LLC increased its position in Cintas by 343.9% in the 3rd quarter. Allspring Global Investments Holdings LLC now owns 111,599 shares of the business services provider’s stock worth $22,976,000 after buying an additional 86,460 shares during the period. Whittier Trust Co. grew its holdings in shares of Cintas by 300.0% during the 3rd quarter. Whittier Trust Co. now owns 3,332 shares of the business services provider’s stock worth $686,000 after purchasing an additional 2,499 shares in the last quarter. Sequoia Financial Advisors LLC grew its holdings in shares of Cintas by 349.8% during the 3rd quarter. Sequoia Financial Advisors LLC now owns 5,767 shares of the business services provider’s stock worth $1,187,000 after purchasing an additional 4,485 shares in the last quarter. Signaturefd LLC boosted its stake in Cintas by 356.1% in the 3rd quarter. Signaturefd LLC now owns 6,736 shares of the business services provider’s stock valued at $1,387,000 after buying an additional 5,259 shares in the last quarter. Finally, Eastern Bank acquired a new stake in Cintas in the 3rd quarter valued at $894,000. 63.46% of the stock is currently owned by institutional investors and hedge funds.

Cintas Stock Performance

Shares of NASDAQ CTAS opened at $205.93 on Friday. The stock has a 50 day moving average price of $196.67 and a 200 day moving average price of $207.94. Cintas Co. has a 52 week low of $153.45 and a 52 week high of $228.12. The company has a debt-to-equity ratio of 0.47, a quick ratio of 1.38 and a current ratio of 1.58. The stock has a market capitalization of $83.10 billion, a PE ratio of 49.65, a price-to-earnings-growth ratio of 3.93 and a beta of 1.38.

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

Cintas Dividend Announcement

The company also recently announced a quarterly dividend, which will be paid on Friday, March 14th. Stockholders of record on Friday, February 14th will be paid a dividend of $0.39 per share. The ex-dividend date is Friday, February 14th. This represents a $1.56 dividend on an annualized basis and a dividend yield of 0.76%. Cintas’s dividend payout ratio (DPR) is currently 37.61%.

Analysts Set New Price Targets

A number of equities analysts have commented on the company. 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 note on Friday, December 20th. Wells Fargo & Company dropped their target price on Cintas from $191.00 to $184.00 and set an “underweight” rating for the company in a research report on Friday, December 20th. UBS Group dropped their price objective on Cintas from $240.00 to $218.00 and set a “buy” rating for the company in a report on Friday, December 20th. Royal Bank of Canada restated a “sector perform” rating and issued a $215.00 price target on shares of Cintas in a report on Friday, December 20th. Finally, Morgan Stanley increased their price target on Cintas from $185.00 to $202.00 and gave the stock an “equal weight” rating in a report on Thursday, December 12th. Two investment analysts have rated the stock with a sell rating, nine have assigned a hold rating and six have given a buy rating to the company. According to MarketBeat, Cintas presently has a consensus rating of “Hold” and a consensus target price of $198.46.

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.