Cerity Partners LLC Has $35.40 Million Stock Holdings in Cintas Co. (NASDAQ:CTAS)

Cerity Partners LLC reduced its stake in Cintas Co. (NASDAQ:CTAS) by 21.1% during the 4th quarter, Holdings Channel.com reports. The firm owned 184,109 shares of the business services provider’s stock after selling 49,363 shares during the period. Cerity Partners LLC’s holdings in Cintas were worth $35,402,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Several other large investors also recently modified their holdings of the stock. Integrated Wealth Concepts LLC raised its holdings in Cintas by 283.5% in the 3rd quarter. Integrated Wealth Concepts LLC now owns 5,346 shares of the business services provider’s stock valued at $1,101,000 after acquiring an additional 3,952 shares during the period. Wellington Management Group LLP increased its stake in shares of Cintas by 211.7% during the third quarter. Wellington Management Group LLP now owns 778,884 shares of the business services provider’s stock worth $160,357,000 after purchasing an additional 529,005 shares during the period. Kovitz Investment Group Partners LLC bought a new position in shares of Cintas during the third quarter worth approximately $1,455,000. Orion Portfolio Solutions LLC lifted its holdings in Cintas by 286.9% during the 3rd quarter. Orion Portfolio Solutions LLC now owns 19,406 shares of the business services provider’s stock worth $3,995,000 after purchasing an additional 14,390 shares during the last quarter. Finally, MML Investors Services LLC boosted its stake in Cintas by 359.1% in the 3rd quarter. MML Investors Services LLC now owns 49,713 shares of the business services provider’s stock valued at $10,235,000 after purchasing an additional 38,885 shares during the period. 63.46% of the stock is owned by institutional investors.

Wall Street Analyst Weigh In

A number of equities research analysts have recently weighed in on the company. Robert W. Baird lifted their target price on Cintas from $200.00 to $227.00 and gave the stock a “neutral” rating in a report on Thursday, March 27th. Citigroup began coverage on shares of Cintas in a research note on Monday, February 24th. They issued a “sell” rating and a $161.00 price objective for the company. UBS Group increased their target price on shares of Cintas from $218.00 to $240.00 and gave the stock a “buy” rating in a research report on Thursday, March 27th. Royal Bank of Canada reiterated a “sector perform” rating and issued a $215.00 price target on shares of Cintas in a research report on Thursday, March 27th. Finally, Morgan Stanley increased their price target on Cintas from $195.00 to $213.00 and gave the stock an “equal weight” rating in a research report on Thursday, March 27th. Two equities research analysts have rated the stock with a sell rating, seven have issued a hold rating and five have assigned a buy rating to the company’s stock. According to data from MarketBeat.com, Cintas currently has an average rating of “Hold” and a consensus target price of $210.58.

Cintas Trading Up 0.1 %

Shares of CTAS opened at $190.54 on Tuesday. The company has a debt-to-equity ratio of 0.47, a quick ratio of 1.38 and a current ratio of 1.58. Cintas Co. has a 52-week low of $162.16 and a 52-week high of $228.12. The firm has a market cap of $76.89 billion, a price-to-earnings ratio of 45.94, a PEG ratio of 3.98 and a beta of 1.20. The business’s fifty day moving average is $201.24 and its 200-day moving average is $204.48.

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

Cintas Announces Dividend

The business also recently disclosed a quarterly dividend, which was paid on Friday, March 14th. Investors of record on Friday, February 14th were paid a $0.39 dividend. This represents a $1.56 annualized dividend and a yield of 0.82%. The ex-dividend date was Friday, February 14th. Cintas’s payout ratio is 36.11%.

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.