Wealth Enhancement Advisory Services LLC Boosts Holdings in Cintas Co. (NASDAQ:CTAS)

Wealth Enhancement Advisory Services LLC boosted its holdings in Cintas Co. (NASDAQ:CTAS) by 0.2% in the 4th quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 162,387 shares of the business services provider’s stock after purchasing an additional 260 shares during the quarter. Wealth Enhancement Advisory Services LLC’s holdings in Cintas were worth $29,668,000 as of its most recent SEC filing.

A number of other hedge funds and other institutional investors have also recently modified their holdings of CTAS. Meeder Asset Management Inc. boosted its holdings in shares of Cintas by 226.7% during the 2nd quarter. Meeder Asset Management Inc. now owns 49 shares of the business services provider’s stock valued at $34,000 after purchasing an additional 34 shares during the last quarter. Valley Wealth Managers Inc. bought a new position in Cintas during the second quarter valued at approximately $56,000. Quarry LP increased its stake in Cintas by 500.0% in the 2nd quarter. Quarry LP now owns 108 shares of the business services provider’s stock worth $76,000 after acquiring an additional 90 shares during the last quarter. Financial Management Professionals Inc. raised its holdings in shares of Cintas by 341.4% during the 3rd quarter. Financial Management Professionals Inc. now owns 128 shares of the business services provider’s stock worth $26,000 after acquiring an additional 99 shares in the last quarter. Finally, Hollencrest Capital Management raised its holdings in shares of Cintas by 433.3% during the 3rd quarter. Hollencrest Capital Management now owns 128 shares of the business services provider’s stock worth $26,000 after acquiring an additional 104 shares in the last quarter. Institutional investors own 63.46% of the company’s stock.

Cintas Trading Down 1.7 %

CTAS stock opened at $189.30 on Friday. Cintas Co. has a 12 month low of $145.91 and a 12 month high of $228.12. The firm’s 50-day moving average is $207.28 and its 200 day moving average is $204.47. The company has a market capitalization of $76.39 billion, a PE ratio of 47.80, a P/E/G ratio of 4.15 and a beta of 1.37. The company has a debt-to-equity ratio of 0.50, a current ratio of 1.53 and a quick ratio of 1.33.

Cintas (NASDAQ:CTAS) last issued its earnings results on Thursday, December 19th. The business services provider reported $1.09 EPS for the quarter, topping analysts’ consensus estimates of $1.01 by $0.08. The business had revenue of $2.56 billion for the quarter, compared to analyst estimates of $2.56 billion. Cintas had a net margin of 16.80% and a return on equity of 39.56%. The company’s quarterly revenue was up 7.8% compared to the same quarter last year. During the same period last year, the company posted $3.61 earnings per share. On average, research analysts anticipate that Cintas Co. will post 4.23 EPS for the current year.

Cintas Dividend Announcement

The firm also recently declared a quarterly dividend, which was paid on Friday, December 13th. Stockholders of record on Friday, November 15th were given a $0.39 dividend. The ex-dividend date of this dividend was Friday, November 15th. This represents a $1.56 annualized dividend and a dividend yield of 0.82%. Cintas’s payout ratio is presently 37.59%.

Analyst Upgrades and Downgrades

Several research firms have commented on CTAS. Royal Bank of Canada reiterated a “sector perform” rating and set a $215.00 price objective on shares of Cintas in a research report on Friday, December 20th. Barclays increased their price target on shares of Cintas from $210.00 to $245.00 and gave the company an “overweight” rating in a report on Friday, September 27th. Robert W. Baird reduced their price objective on Cintas from $209.00 to $200.00 and set a “neutral” rating on the stock in a research note on Friday, December 20th. Jefferies Financial Group lowered their price objective on Cintas from $730.00 to $200.00 and set a “hold” rating for the company in a research note on Thursday, September 26th. Finally, Wells Fargo & Company cut their target price on Cintas from $191.00 to $184.00 and set an “underweight” rating on the stock in a research report on Friday, December 20th. Two investment analysts have rated the stock with a sell rating, nine have given a hold rating and six have issued a buy rating to the company. Based on data from MarketBeat, the company currently has an average rating of “Hold” and a consensus price target of $198.46.

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.