Financial Engines Advisors L.L.C. Has $661,000 Stock Position in Cintas Co. (NASDAQ:CTAS)

Financial Engines Advisors L.L.C. lessened its stake in shares of Cintas Co. (NASDAQ:CTAS) by 1.8% in the 4th quarter, Holdings Channel.com reports. The institutional investor owned 3,620 shares of the business services provider’s stock after selling 67 shares during the period. Financial Engines Advisors L.L.C.’s holdings in Cintas were worth $661,000 at the end of the most recent reporting period.

Several other institutional investors have also bought and sold shares of CTAS. Sound Income Strategies LLC bought a new position in shares of Cintas during the fourth quarter valued at $27,000. Cyrus J. Lawrence LLC acquired a new stake in shares of Cintas during the 4th quarter worth about $29,000. Endeavor Private Wealth Inc. acquired a new position in Cintas in the fourth quarter valued at about $31,000. IAG Wealth Partners LLC boosted its position in Cintas by 136.8% in the fourth quarter. IAG Wealth Partners LLC now owns 180 shares of the business services provider’s stock valued at $33,000 after buying an additional 104 shares in the last quarter. Finally, Newbridge Financial Services Group Inc. bought a new stake in Cintas during the fourth quarter worth about $34,000. Institutional investors and hedge funds own 63.46% of the company’s stock.

Wall Street Analysts Forecast Growth

CTAS has been the topic of several recent analyst reports. Royal Bank of Canada reissued a “sector perform” rating and issued a $215.00 target price on shares of Cintas in a report on Thursday. Citigroup started coverage on Cintas in a research note on Monday, February 24th. They issued a “sell” rating and a $161.00 price objective on the stock. Wells Fargo & Company raised their target price on Cintas from $184.00 to $196.00 and gave the company an “underweight” rating in a research note on Thursday. Morgan Stanley upped their price target on shares of Cintas from $195.00 to $213.00 and gave the stock an “equal weight” rating in a research report on Thursday. Finally, The Goldman Sachs Group raised their price objective on shares of Cintas from $211.00 to $233.00 and gave the company a “buy” rating in a research report on Thursday. Two equities research analysts have rated the stock with a sell rating, nine have issued a hold rating and six have issued a buy rating to the stock. According to MarketBeat.com, Cintas currently has an average rating of “Hold” and a consensus target price of $207.57.

Cintas Price Performance

Shares of CTAS opened at $206.25 on Friday. The stock has a market cap of $83.23 billion, a P/E ratio of 49.73, a price-to-earnings-growth ratio of 3.98 and a beta of 1.41. Cintas Co. has a 1 year low of $162.16 and a 1 year high of $228.12. The stock’s 50-day moving average price is $200.91 and its two-hundred day moving average price is $208.87. The company has a current ratio of 1.58, a quick ratio of 1.38 and a debt-to-equity ratio of 0.47.

Cintas (NASDAQ:CTAS) last issued its quarterly earnings data on Wednesday, March 26th. The business services provider reported $1.13 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $1.05 by $0.08. The firm had revenue of $2.61 billion during the quarter, compared to analysts’ expectations of $2.60 billion. Cintas had a net margin of 17.23% and a return on equity of 40.62%. The business’s revenue for the quarter was up 8.4% on a year-over-year basis. During the same quarter in the previous year, the company earned $3.84 earnings per share. On average, equities analysts predict that Cintas Co. will post 4.31 earnings per share for the current year.

Cintas Announces Dividend

The firm also recently announced a quarterly dividend, which was paid on Friday, March 14th. Shareholders of record on Friday, February 14th were issued a dividend of $0.39 per share. The ex-dividend date was Friday, February 14th. This represents a $1.56 annualized dividend and a yield of 0.76%. Cintas’s dividend payout ratio is presently 36.11%.

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.