BigSur Wealth Management LLC Lowers Stock Position in Cintas Co. (NASDAQ:CTAS)

BigSur Wealth Management LLC decreased its holdings in Cintas Co. (NASDAQ:CTAS) by 11.8% in the 4th quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund owned 22,400 shares of the business services provider’s stock after selling 3,000 shares during the quarter. Cintas comprises 1.2% of BigSur Wealth Management LLC’s investment portfolio, making the stock its 21st largest holding. BigSur Wealth Management LLC’s holdings in Cintas were worth $4,092,000 as of its most recent SEC filing.

Other large investors have also recently bought and sold shares of the company. Trueblood Wealth Management LLC lifted its holdings in shares of Cintas by 16.0% during the fourth quarter. Trueblood Wealth Management LLC now owns 3,933 shares of the business services provider’s stock worth $719,000 after purchasing an additional 543 shares during the period. Annex Advisory Services LLC raised its position in Cintas by 1.6% during the 4th quarter. Annex Advisory Services LLC now owns 127,441 shares of the business services provider’s stock worth $23,283,000 after buying an additional 1,988 shares during the last quarter. Grove Bank & Trust lifted its stake in shares of Cintas by 52.8% in the 4th quarter. Grove Bank & Trust now owns 220 shares of the business services provider’s stock worth $40,000 after acquiring an additional 76 shares during the period. Clarius Group LLC boosted its holdings in shares of Cintas by 6.0% in the fourth quarter. Clarius Group LLC now owns 2,209 shares of the business services provider’s stock valued at $404,000 after acquiring an additional 126 shares in the last quarter. Finally, Aaron Wealth Advisors LLC increased its stake in shares of Cintas by 2.0% during the fourth quarter. Aaron Wealth Advisors LLC now owns 2,803 shares of the business services provider’s stock worth $512,000 after acquiring an additional 55 shares during the period. Institutional investors and hedge funds own 63.46% of the company’s stock.

Cintas Price Performance

CTAS stock opened at $198.31 on Monday. The stock’s 50 day moving average price is $205.21 and its 200 day moving average price is $205.14. The firm has a market cap of $80.03 billion, a P/E ratio of 47.81, a PEG ratio of 3.65 and a beta of 1.37. 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 Co. has a 1 year low of $146.63 and a 1 year high of $228.12.

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. The business had revenue of $2.56 billion for the quarter, compared to the consensus estimate of $2.56 billion. Cintas had a return on equity of 40.62% and a net margin of 17.23%. The business’s revenue was up 7.8% on a year-over-year basis. During the same period in the prior year, the business earned $3.61 earnings per share. On average, sell-side analysts expect that Cintas Co. will post 4.31 earnings per share for the current fiscal year.

Cintas Dividend Announcement

The company also recently declared a quarterly dividend, which will be paid on Friday, March 14th. Stockholders 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 dividend payout ratio (DPR) is presently 37.59%.

Analysts Set New Price Targets

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

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.