Alliancebernstein L.P. Has $67.95 Million Stock Holdings in Cintas Co. (NASDAQ:CTAS)

Alliancebernstein L.P. lowered its position in shares of Cintas Co. (NASDAQ:CTAS) by 7.4% in the fourth quarter, Holdings Channel reports. The firm owned 371,923 shares of the business services provider’s stock after selling 29,704 shares during the period. Alliancebernstein L.P.’s holdings in Cintas were worth $67,950,000 at the end of the most recent quarter.

Other large investors have also recently bought and sold shares of the company. Guardian Wealth Advisors LLC grew its holdings in shares of Cintas by 3.1% in the 4th quarter. Guardian Wealth Advisors LLC now owns 1,741 shares of the business services provider’s stock valued at $318,000 after buying an additional 52 shares during the period. MGB Wealth Management LLC grew its stake in Cintas by 0.7% in the fourth quarter. MGB Wealth Management LLC now owns 7,248 shares of the business services provider’s stock valued at $1,328,000 after acquiring an additional 52 shares during the period. TIAA Trust National Association increased its holdings in shares of Cintas by 1.0% in the fourth quarter. TIAA Trust National Association now owns 5,380 shares of the business services provider’s stock worth $983,000 after acquiring an additional 52 shares in the last quarter. Aaron Wealth Advisors LLC raised its position in shares of Cintas by 2.0% during the fourth quarter. Aaron Wealth Advisors LLC now owns 2,803 shares of the business services provider’s stock worth $512,000 after purchasing an additional 55 shares during the period. Finally, S.A. Mason LLC lifted its holdings in shares of Cintas by 3.3% during the 4th quarter. S.A. Mason LLC now owns 1,703 shares of the business services provider’s stock valued at $311,000 after purchasing an additional 55 shares in the last quarter. Institutional investors own 63.46% of the company’s stock.

Cintas Stock Down 1.8 %

CTAS stock opened at $204.85 on Friday. The company has a market cap of $82.67 billion, a price-to-earnings ratio of 49.39, a P/E/G 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 moving average price of $201.62 and a two-hundred day moving average price of $204.64. The company has a quick ratio of 1.38, a current ratio of 1.58 and a debt-to-equity ratio of 0.47.

Cintas (NASDAQ:CTAS) last released its earnings results on Wednesday, March 26th. The business services provider reported $1.13 earnings per share for the quarter, beating the consensus estimate of $1.05 by $0.08. Cintas had a net margin of 17.23% and a return on equity of 40.62%. The business had revenue of $2.61 billion during the quarter, compared to analysts’ expectations of $2.60 billion. During the same period last year, the business earned $3.84 earnings per share. The firm’s revenue was up 8.4% on a year-over-year basis. Analysts anticipate that Cintas Co. will post 4.31 EPS for the current fiscal year.

Cintas Dividend Announcement

The company also recently announced a quarterly dividend, which was paid on Friday, March 14th. Stockholders of record on Friday, February 14th were issued a $0.39 dividend. The ex-dividend date was Friday, February 14th. This represents a $1.56 dividend on an annualized basis and a dividend yield of 0.76%. Cintas’s payout ratio is 36.11%.

Analysts Set New Price Targets

A number of analysts recently issued reports on the company. The Goldman Sachs Group increased their target price on Cintas from $211.00 to $233.00 and gave the stock a “buy” rating in a research note on Thursday, March 27th. Citigroup initiated coverage on shares of Cintas in a report on Monday, February 24th. They set a “sell” rating and a $161.00 price objective on the stock. Royal Bank of Canada reaffirmed a “sector perform” rating and issued a $215.00 target price on shares of Cintas in a research note on Thursday, March 27th. UBS Group increased their target price on Cintas from $218.00 to $240.00 and gave the stock a “buy” rating in a report on Thursday, March 27th. Finally, Morgan Stanley boosted their price target on Cintas from $195.00 to $213.00 and gave the company an “equal weight” rating in a report on Thursday, March 27th. Two analysts have rated the stock with a sell rating, seven have assigned a hold rating and five have assigned a buy rating to the company. Based on data from MarketBeat, the stock currently has an average rating of “Hold” and a consensus target price of $210.58.

Cintas Company 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.