LVW Advisors LLC Reduces Position in Cintas Co. (NASDAQ:CTAS)

LVW Advisors LLC trimmed its stake in Cintas Co. (NASDAQ:CTAS) by 3.3% in the 4th quarter, HoldingsChannel reports. The firm owned 10,538 shares of the business services provider’s stock after selling 358 shares during the period. LVW Advisors LLC’s holdings in Cintas were worth $1,925,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Other institutional investors also recently bought and sold shares of the company. Evergreen Capital Management LLC lifted its holdings in Cintas by 4.8% during the second quarter. Evergreen Capital Management LLC now owns 827 shares of the business services provider’s stock valued at $579,000 after purchasing an additional 38 shares in the last quarter. Aaron Wealth Advisors LLC raised its position in shares of Cintas by 2.0% during the 4th quarter. Aaron Wealth Advisors LLC now owns 2,803 shares of the business services provider’s stock valued at $512,000 after purchasing an additional 55 shares during the period. Mercer Global Advisors Inc. ADV lifted its stake in shares of Cintas by 1.0% during the 2nd quarter. Mercer Global Advisors Inc. ADV now owns 6,664 shares of the business services provider’s stock valued at $5,053,000 after buying an additional 65 shares in the last quarter. KPP Advisory Services LLC boosted its holdings in Cintas by 19.6% in the 2nd quarter. KPP Advisory Services LLC now owns 434 shares of the business services provider’s stock worth $304,000 after buying an additional 71 shares during the period. Finally, First Hawaiian Bank increased its stake in Cintas by 0.4% in the 4th quarter. First Hawaiian Bank now owns 17,105 shares of the business services provider’s stock worth $3,125,000 after buying an additional 73 shares in the last quarter. 63.46% of the stock is owned by institutional investors.

Cintas Stock Up 0.1 %

Shares of NASDAQ CTAS opened at $198.31 on Monday. The stock has a market capitalization of $80.03 billion, a price-to-earnings ratio of 47.81, a P/E/G ratio of 3.65 and a beta of 1.37. Cintas Co. has a 12-month low of $146.63 and a 12-month high of $228.12. The company has a current ratio of 1.58, a quick ratio of 1.38 and a debt-to-equity ratio of 0.47. The firm’s 50-day moving average price is $205.21 and its 200-day moving average price is $205.14.

Cintas (NASDAQ:CTAS) last posted 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. The business had revenue of $2.56 billion during the quarter, compared to analyst estimates of $2.56 billion. Cintas had a return on equity of 40.62% and a net margin of 17.23%. The company’s revenue for the quarter was up 7.8% on a year-over-year basis. During the same period last year, the company earned $3.61 EPS. On average, equities research 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 will be paid on Friday, March 14th. Stockholders of record on Friday, February 14th will be paid a $0.39 dividend. This represents a $1.56 annualized dividend and a dividend yield of 0.79%. The ex-dividend date is Friday, February 14th. Cintas’s dividend payout ratio is currently 37.59%.

Wall Street Analyst Weigh In

CTAS has been the topic of several research analyst reports. Morgan Stanley boosted their price objective on Cintas from $185.00 to $202.00 and gave the company an “equal weight” rating in a research report on Thursday, December 12th. Wells Fargo & Company lowered their price target on Cintas from $191.00 to $184.00 and set an “underweight” rating on the stock in a report on Friday, December 20th. Barclays upped their price target on Cintas from $210.00 to $245.00 and gave the stock an “overweight” rating in a research note on Friday, September 27th. 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. Finally, UBS Group dropped their target price on shares of Cintas from $240.00 to $218.00 and set a “buy” rating for the company in a research report on Friday, December 20th. Two equities research analysts have rated the stock with a sell rating, nine have assigned a hold rating and six have assigned a buy rating to the stock. According to data from MarketBeat, Cintas currently has a consensus rating of “Hold” and an average price target 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.