Centerpoint Advisors LLC Sells 135 Shares of Cintas Co. (NASDAQ:CTAS)

Centerpoint Advisors LLC decreased its position in Cintas Co. (NASDAQ:CTAS) by 20.5% in the 4th quarter, HoldingsChannel reports. The institutional investor owned 525 shares of the business services provider’s stock after selling 135 shares during the period. Centerpoint Advisors LLC’s holdings in Cintas were worth $96,000 as of its most recent SEC filing.

Several other hedge funds have also recently modified their holdings of CTAS. Creative Planning increased its position in shares of Cintas by 356.6% during the third quarter. Creative Planning now owns 88,354 shares of the business services provider’s stock valued at $18,190,000 after acquiring an additional 69,003 shares during the last quarter. Stratos Wealth Advisors LLC grew its stake in Cintas by 363.5% in the 3rd quarter. Stratos Wealth Advisors LLC now owns 1,446 shares of the business services provider’s stock valued at $298,000 after purchasing an additional 1,134 shares during the period. Blue Trust Inc. increased its position in shares of Cintas by 210.5% during the 3rd quarter. Blue Trust Inc. now owns 1,273 shares of the business services provider’s stock valued at $262,000 after purchasing an additional 863 shares during the last quarter. Capital Investment Advisors LLC raised its stake in shares of Cintas by 341.9% during the 3rd quarter. Capital Investment Advisors LLC now owns 2,532 shares of the business services provider’s stock worth $521,000 after purchasing an additional 1,959 shares during the period. Finally, First Citizens Bank & Trust Co. raised its stake in shares of Cintas by 347.0% during the 3rd quarter. First Citizens Bank & Trust Co. now owns 2,208 shares of the business services provider’s stock worth $455,000 after purchasing an additional 1,714 shares during the period. Institutional investors own 63.46% of the company’s stock.

Analysts Set New Price Targets

Several research firms recently weighed in on CTAS. Morgan Stanley increased their price target on shares of Cintas from $185.00 to $202.00 and gave the company an “equal weight” rating in a research report on Thursday, December 12th. Wells Fargo & Company reduced their target price on shares of 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 lowered their price target on shares of Cintas from $240.00 to $218.00 and set a “buy” rating on the stock in a report on Friday, December 20th. Royal Bank of Canada reiterated a “sector perform” rating and issued a $215.00 price objective on shares of Cintas in a research note on Friday, December 20th. Finally, Robert W. Baird decreased their target price on Cintas from $209.00 to $200.00 and set a “neutral” rating for the company in a research report on Friday, December 20th. Two research analysts have rated the stock with a sell rating, nine have given a hold rating and six have given a buy rating to the company’s stock. According to MarketBeat.com, the stock has a consensus rating of “Hold” and an average target price of $198.46.

Cintas Stock Down 0.9 %

CTAS stock opened at $204.22 on Tuesday. Cintas Co. has a twelve month low of $152.77 and a twelve month high of $228.12. The firm has a market capitalization of $82.41 billion, a PE ratio of 49.24, a PEG ratio of 3.95 and a beta of 1.38. The company has a quick ratio of 1.38, a current ratio of 1.58 and a debt-to-equity ratio of 0.47. The stock has a 50-day simple moving average of $197.04 and a two-hundred day simple moving average of $207.76.

Cintas (NASDAQ:CTAS) last posted its earnings results on Thursday, December 19th. The business services provider reported $1.09 earnings per share for the quarter, topping analysts’ consensus estimates of $1.01 by $0.08. Cintas had a net margin of 17.23% and a return on equity of 40.62%. The business had revenue of $2.56 billion for the quarter, compared to analyst estimates of $2.56 billion. During the same quarter in the prior year, the firm posted $3.61 EPS. Cintas’s revenue was up 7.8% on a year-over-year basis. On average, equities analysts predict that Cintas Co. will post 4.31 EPS for the current fiscal year.

Cintas Dividend Announcement

The firm also recently disclosed a quarterly dividend, which will be paid on Friday, March 14th. Investors of record on Friday, February 14th will be paid a dividend of $0.39 per share. This represents a $1.56 annualized dividend and a yield of 0.76%. The ex-dividend date of this dividend is Friday, February 14th. Cintas’s dividend payout ratio is 37.61%.

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.