Godsey & Gibb Inc. lessened its holdings in shares of Cintas Co. (NASDAQ:CTAS – Free Report) by 5.4% in the fourth quarter, according to its most recent filing with the SEC. The firm owned 38,715 shares of the business services provider’s stock after selling 2,197 shares during the quarter. Cintas comprises approximately 2.6% of Godsey & Gibb Inc.’s holdings, making the stock its 4th largest position. Godsey & Gibb Inc.’s holdings in Cintas were worth $23,332,000 as of its most recent SEC filing.
A number of other institutional investors also recently added to or reduced their stakes in CTAS. Quarry LP raised its stake in shares of Cintas by 221.1% in the 1st quarter. Quarry LP now owns 61 shares of the business services provider’s stock worth $28,000 after buying an additional 42 shares in the last quarter. Catalyst Capital Advisors LLC raised its stake in shares of Cintas by 33.9% in the 3rd quarter. Catalyst Capital Advisors LLC now owns 75 shares of the business services provider’s stock worth $36,000 after buying an additional 19 shares in the last quarter. Sunbelt Securities Inc. bought a new stake in shares of Cintas in the 1st quarter worth $36,000. Clearstead Advisors LLC acquired a new stake in shares of Cintas during the third quarter worth $39,000. Finally, Impact Partnership Wealth LLC raised its position in shares of Cintas by 2,050.0% during the third quarter. Impact Partnership Wealth LLC now owns 86 shares of the business services provider’s stock worth $41,000 after purchasing an additional 82 shares during the period. Institutional investors and hedge funds own 62.26% of the company’s stock.
Wall Street Analysts Forecast Growth
A number of equities research analysts have recently issued reports on the company. Royal Bank of Canada boosted their target price on Cintas from $525.00 to $645.00 and gave the stock an “outperform” rating in a research report on Friday, December 22nd. Deutsche Bank Aktiengesellschaft lowered Cintas from a “buy” rating to a “hold” rating and boosted their target price for the stock from $551.00 to $590.00 in a research report on Friday, December 8th. StockNews.com lowered Cintas from a “buy” rating to a “hold” rating in a research report on Thursday, March 7th. Stifel Nicolaus boosted their target price on Cintas from $526.00 to $585.00 and gave the stock a “hold” rating in a research report on Friday, December 22nd. Finally, Barclays boosted their target price on Cintas from $630.00 to $700.00 and gave the stock an “overweight” rating in a research report on Thursday, February 29th. Seven equities research analysts have rated the stock with a hold rating, seven have given a buy rating and one has issued a strong buy rating to the stock. Based on data from MarketBeat.com, Cintas presently has a consensus rating of “Moderate Buy” and an average target price of $571.29.
Cintas Stock Down 0.4 %
NASDAQ CTAS traded down $2.77 on Friday, reaching $639.39. The stock had a trading volume of 300,549 shares, compared to its average volume of 324,065. The business has a 50 day moving average price of $617.30 and a 200 day moving average price of $564.75. The company has a current ratio of 2.24, a quick ratio of 1.89 and a debt-to-equity ratio of 0.62. Cintas Co. has a 1 year low of $428.68 and a 1 year high of $644.96. The company has a market capitalization of $64.81 billion, a price-to-earnings ratio of 46.40, a P/E/G ratio of 3.71 and a beta of 1.27.
Cintas (NASDAQ:CTAS – Get Free Report) last issued its earnings results on Thursday, December 21st. The business services provider reported $3.61 EPS for the quarter, beating analysts’ consensus estimates of $3.49 by $0.12. Cintas had a return on equity of 36.78% and a net margin of 15.57%. The firm had revenue of $2.38 billion for the quarter, compared to the consensus estimate of $2.34 billion. During the same quarter in the previous year, the company posted $3.12 earnings per share. The business’s quarterly revenue was up 9.3% compared to the same quarter last year. On average, analysts forecast that Cintas Co. will post 14.57 EPS for the current fiscal year.
Cintas Dividend Announcement
The business also recently declared a quarterly dividend, which was paid on Friday, March 15th. Stockholders of record on Thursday, February 15th were paid a dividend of $1.35 per share. The ex-dividend date was Wednesday, February 14th. This represents a $5.40 annualized dividend and a dividend yield of 0.84%. Cintas’s dividend payout ratio (DPR) is presently 39.19%.
Cintas Company Profile
Cintas Corporation provides 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.