First American Bank Has $17.68 Million Holdings in Cintas Co. (NASDAQ:CTAS)

First American Bank boosted its position in Cintas Co. (NASDAQ:CTAS) by 0.6% during the fourth quarter, HoldingsChannel.com reports. The fund owned 96,780 shares of the business services provider’s stock after buying an additional 600 shares during the quarter. Cintas makes up 1.2% of First American Bank’s portfolio, making the stock its 18th biggest position. First American Bank’s holdings in Cintas were worth $17,682,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Other institutional investors and hedge funds have also recently added to or reduced their stakes in the company. Hollencrest Capital Management increased its holdings in Cintas by 433.3% in the third quarter. Hollencrest Capital Management now owns 128 shares of the business services provider’s stock valued at $26,000 after purchasing an additional 104 shares during the period. Addison Advisors LLC raised its position in shares of Cintas by 495.7% during the third quarter. Addison Advisors LLC now owns 137 shares of the business services provider’s stock worth $28,000 after acquiring an additional 114 shares during the last quarter. Sound Income Strategies LLC acquired a new position in shares of Cintas in the fourth quarter worth approximately $27,000. Quintet Private Bank Europe S.A. lifted its stake in shares of Cintas by 357.1% in the third quarter. Quintet Private Bank Europe S.A. now owns 160 shares of the business services provider’s stock worth $33,000 after acquiring an additional 125 shares during the period. Finally, Endeavor Private Wealth Inc. bought a new stake in Cintas in the fourth quarter valued at approximately $31,000. 63.46% of the stock is currently owned by institutional investors.

Analyst Upgrades and Downgrades

Several research analysts have issued reports on the stock. Robert W. Baird lowered their price target on shares of Cintas from $209.00 to $200.00 and set a “neutral” rating for the company in a report on Friday, December 20th. Citigroup assumed coverage on Cintas in a report on Monday. They set a “sell” rating and a $161.00 price target on the stock. Wells Fargo & Company dropped their price target on Cintas from $191.00 to $184.00 and set an “underweight” rating on the stock in a research note on Friday, December 20th. Morgan Stanley raised their price objective on Cintas from $185.00 to $202.00 and gave the company an “equal weight” rating in a research note on Thursday, December 12th. Finally, Royal Bank of Canada reaffirmed a “sector perform” rating and set a $215.00 target price on shares of Cintas in a research report on Friday, December 20th. Two equities research analysts have rated the stock with a sell rating, nine have issued a hold rating and six have issued a buy rating to the stock. According to MarketBeat.com, Cintas presently has a consensus rating of “Hold” and a consensus target price of $199.79.

Cintas Trading Down 0.4 %

Shares of CTAS stock opened at $203.43 on Friday. The business’s fifty day moving average is $196.72 and its 200 day moving average is $208.56. The company has a market capitalization of $82.09 billion, a PE ratio of 49.05, a price-to-earnings-growth ratio of 3.98 and a beta of 1.38. Cintas Co. has a 52-week low of $154.15 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.

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

Cintas Announces Dividend

The company also recently disclosed 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. This represents a $1.56 annualized dividend and a dividend yield of 0.77%. The ex-dividend date of this dividend is Friday, February 14th. Cintas’s dividend payout ratio (DPR) is 37.59%.

About Cintas

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.