Segment Wealth Management LLC Has $18.39 Million Stock Holdings in Cintas Co. (NASDAQ:CTAS)

Segment Wealth Management LLC grew its position in Cintas Co. (NASDAQ:CTAS) by 0.2% during the fourth quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The institutional investor owned 100,675 shares of the business services provider’s stock after purchasing an additional 251 shares during the period. Cintas makes up approximately 1.3% of Segment Wealth Management LLC’s investment portfolio, making the stock its 18th largest holding. Segment Wealth Management LLC’s holdings in Cintas were worth $18,393,000 at the end of the most recent reporting period.

Other institutional investors and hedge funds have also recently added to or reduced their stakes in the company. Charles Schwab Trust Co acquired a new position in shares of Cintas during the 4th quarter worth approximately $219,000. Portman Square Capital LLP increased its position in shares of Cintas by 147.1% in the fourth quarter. Portman Square Capital LLP now owns 6,400 shares of the business services provider’s stock worth $1,169,000 after purchasing an additional 20,000 shares during the period. Tudor Financial Inc. acquired a new position in shares of Cintas in the 4th quarter valued at approximately $4,116,000. Trueblood Wealth Management LLC lifted its holdings in shares of Cintas by 16.0% during the 4th quarter. Trueblood Wealth Management LLC now owns 3,933 shares of the business services provider’s stock worth $719,000 after acquiring an additional 543 shares during the period. Finally, Annex Advisory Services LLC boosted its position in shares of 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 acquiring an additional 1,988 shares in the last quarter. 63.46% of the stock is owned by institutional investors.

Cintas Trading Up 0.1 %

NASDAQ:CTAS opened at $198.31 on Tuesday. The company has a debt-to-equity ratio of 0.47, a current ratio of 1.58 and a quick ratio of 1.38. The firm has a 50-day moving average of $205.21 and a 200-day moving average of $205.34. The company has a market cap of $80.03 billion, a PE ratio of 47.81, a PEG ratio of 3.83 and a beta of 1.37. Cintas Co. has a one year low of $146.63 and a one year high of $228.12.

Cintas (NASDAQ:CTAS) last announced its earnings results on Thursday, December 19th. The business services provider reported $1.09 EPS for the quarter, beating the consensus estimate of $1.01 by $0.08. Cintas had a net margin of 17.23% and a return on equity of 40.62%. The company had revenue of $2.56 billion during the quarter, compared to the consensus estimate of $2.56 billion. During the same quarter in the prior year, the company posted $3.61 earnings per share. The firm’s revenue for the quarter was up 7.8% on a year-over-year basis. As a group, equities research analysts expect that Cintas Co. will post 4.31 EPS for the current fiscal year.

Cintas Announces Dividend

The business also recently declared a quarterly dividend, which will be paid on Friday, March 14th. Investors of record on Friday, February 14th will be given a dividend of $0.39 per share. The ex-dividend date of this dividend is Friday, February 14th. This represents a $1.56 annualized dividend and a yield of 0.79%. Cintas’s payout ratio is currently 37.61%.

Analysts Set New Price Targets

Several brokerages have recently issued reports on CTAS. UBS Group decreased their price target on Cintas from $240.00 to $218.00 and set a “buy” rating on the stock in a research note on Friday, December 20th. Wells Fargo & Company dropped their price objective on shares of Cintas from $191.00 to $184.00 and set an “underweight” rating for the company in a research note on Friday, December 20th. The Goldman Sachs Group decreased their target price on shares of Cintas from $236.00 to $211.00 and set a “buy” rating on the stock in a research note on Friday, December 20th. 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 report on Friday, December 20th. Finally, Morgan Stanley increased their target price on Cintas from $185.00 to $202.00 and gave the company an “equal weight” rating in a research report on Thursday, December 12th. Two research analysts have rated the stock with a sell rating, nine have issued a hold rating and six have assigned a buy rating to the stock. According to MarketBeat, the company presently has an average rating of “Hold” and a consensus 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.