Hengehold Capital Management LLC Has $1.51 Million Holdings in Cintas Co. (NASDAQ:CTAS)

Hengehold Capital Management LLC trimmed its stake in Cintas Co. (NASDAQ:CTAS) by 1.6% during the fourth quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The firm owned 8,264 shares of the business services provider’s stock after selling 133 shares during the period. Hengehold Capital Management LLC’s holdings in Cintas were worth $1,510,000 as of its most recent SEC filing.

Several other hedge funds have also recently bought and sold shares of the stock. Secure Asset Management LLC boosted its stake in shares of Cintas by 34.0% in the 4th quarter. Secure Asset Management LLC now owns 2,312 shares of the business services provider’s stock valued at $422,000 after purchasing an additional 587 shares in the last quarter. Verde Capital Management lifted its holdings in Cintas by 225.4% during the 4th quarter. Verde Capital Management now owns 7,768 shares of the business services provider’s stock valued at $1,419,000 after purchasing an additional 5,381 shares during the last quarter. Endeavor Private Wealth Inc. bought a new stake in Cintas during the fourth quarter worth about $31,000. MinichMacGregor Wealth Management LLC increased its holdings in shares of Cintas by 3.2% during the fourth quarter. MinichMacGregor Wealth Management LLC now owns 42,630 shares of the business services provider’s stock worth $7,789,000 after buying an additional 1,322 shares in the last quarter. Finally, Raleigh Capital Management Inc. raised its stake in shares of Cintas by 61.9% in the fourth quarter. Raleigh Capital Management Inc. now owns 1,091 shares of the business services provider’s stock valued at $199,000 after acquiring an additional 417 shares during the last quarter. 63.46% of the stock is currently owned by institutional investors and hedge funds.

Cintas Price Performance

Shares of CTAS stock opened at $197.80 on Friday. Cintas Co. has a 12-month low of $148.75 and a 12-month high of $228.12. The firm has a fifty day moving average of $203.73 and a 200-day moving average of $205.62. The firm has a market capitalization of $79.82 billion, a price-to-earnings ratio of 47.69, a price-to-earnings-growth ratio of 3.89 and a beta of 1.37. 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 issued 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. Cintas had a return on equity of 40.62% and a net margin of 17.23%. The business had revenue of $2.56 billion during the quarter, compared to analyst estimates of $2.56 billion. During the same period in the previous year, the firm earned $3.61 EPS. Cintas’s quarterly revenue was up 7.8% compared to the same quarter last year. On average, equities research analysts forecast that Cintas Co. will post 4.31 earnings per share for the current year.

Cintas Announces Dividend

The company also recently disclosed a quarterly dividend, which will be paid on Friday, March 14th. Investors of record on Friday, February 14th will be issued 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 0.79%. Cintas’s payout ratio is presently 37.61%.

Analysts Set New Price Targets

A number of equities research analysts recently weighed in on the company. Morgan Stanley raised their price target on Cintas from $185.00 to $202.00 and gave the company an “equal weight” rating in a report on Thursday, December 12th. Jefferies Financial Group lowered their target price on Cintas from $730.00 to $200.00 and set a “hold” rating for the company in a research note on Thursday, September 26th. Wells Fargo & Company reduced their price target on shares of Cintas from $191.00 to $184.00 and set an “underweight” rating on the stock in a research report on Friday, December 20th. The Goldman Sachs Group lowered their price objective on shares of Cintas from $236.00 to $211.00 and set a “buy” rating for the company in a research report on Friday, December 20th. Finally, Barclays boosted their target price on shares of Cintas from $210.00 to $245.00 and gave the stock an “overweight” rating in a research note on Friday, September 27th. Two investment analysts have rated the stock with a sell rating, nine have issued a hold rating and six have issued a buy rating to the company. According to MarketBeat.com, the stock presently has an average rating of “Hold” and a consensus target price of $198.46.

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.