MGO One Seven LLC trimmed its position in Cintas Co. (NASDAQ:CTAS – Get Rating) by 3.9% during the 4th quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 919 shares of the business services provider’s stock after selling 37 shares during the quarter. MGO One Seven LLC’s holdings in Cintas were worth $415,000 as of its most recent filing with the Securities & Exchange Commission.
Several other hedge funds also recently made changes to their positions in CTAS. HWG Holdings LP purchased a new position in shares of Cintas in the third quarter worth $27,000. Quent Capital LLC increased its stake in shares of Cintas by 169.2% in the third quarter. Quent Capital LLC now owns 70 shares of the business services provider’s stock worth $27,000 after buying an additional 44 shares during the period. Fiduciary Alliance LLC purchased a new position in shares of Cintas in the fourth quarter worth $27,000. Asset Dedication LLC purchased a new position in Cintas during the 3rd quarter valued at $29,000. Finally, Exchange Traded Concepts LLC increased its position in Cintas by 680.0% during the 4th quarter. Exchange Traded Concepts LLC now owns 78 shares of the business services provider’s stock valued at $35,000 after purchasing an additional 68 shares during the period. 61.92% of the stock is owned by hedge funds and other institutional investors.
Cintas Stock Performance
Shares of CTAS stock opened at $451.73 on Friday. The stock has a market cap of $45.90 billion, a PE ratio of 36.25, a price-to-earnings-growth ratio of 3.09 and a beta of 1.34. The company’s fifty day moving average price is $442.10 and its 200-day moving average price is $435.04. Cintas Co. has a 12 month low of $343.86 and a 12 month high of $470.23. The company has a current ratio of 2.10, a quick ratio of 1.71 and a debt-to-equity ratio of 0.68.
Cintas Dividend Announcement
The company also recently declared a quarterly dividend, which was paid on Wednesday, March 15th. Investors of record on Wednesday, February 15th were paid a $1.15 dividend. This represents a $4.60 dividend on an annualized basis and a yield of 1.02%. The ex-dividend date was Tuesday, February 14th. Cintas’s payout ratio is 36.92%.
Analyst Ratings Changes
CTAS has been the topic of a number of research analyst reports. Stifel Nicolaus boosted their price objective on shares of Cintas from $503.00 to $512.00 in a research report on Thursday, March 30th. Argus boosted their price objective on shares of Cintas from $500.00 to $510.00 in a research report on Thursday, March 30th. Morgan Stanley boosted their price objective on shares of Cintas from $401.00 to $419.00 and gave the company an “equal weight” rating in a research report on Thursday, March 30th. StockNews.com initiated coverage on shares of Cintas in a research report on Thursday, March 16th. They set a “buy” rating on the stock. Finally, Wells Fargo & Company boosted their price objective on shares of Cintas from $393.00 to $450.00 and gave the company an “equal weight” rating in a research report on Thursday, December 22nd. Four analysts have rated the stock with a hold rating and four have given a buy rating to the company. According to data from MarketBeat, the stock presently has a consensus rating of “Moderate Buy” and an average price target of $497.73.
Insider Buying and Selling
In related news, CAO Michael Lawrence Thompson sold 14,795 shares of the company’s stock in a transaction dated Thursday, January 12th. The shares were sold at an average price of $444.98, for a total value of $6,583,479.10. Following the transaction, the chief accounting officer now owns 23,318 shares in the company, valued at approximately $10,376,043.64. The sale was disclosed in a document filed with the SEC, which is accessible through the SEC website. In other Cintas news, CFO J. Michael Hansen sold 1,618 shares of the company’s stock in a transaction dated Monday, February 6th. The shares were sold at an average price of $441.85, for a total transaction of $714,913.30. Following the transaction, the chief financial officer now owns 30,132 shares in the company, valued at approximately $13,313,824.20. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through this hyperlink. Also, CAO Michael Lawrence Thompson sold 14,795 shares of the company’s stock in a transaction dated Thursday, January 12th. The shares were sold at an average price of $444.98, for a total transaction of $6,583,479.10. Following the transaction, the chief accounting officer now owns 23,318 shares in the company, valued at approximately $10,376,043.64. The disclosure for this sale can be found here. 15.10% of the stock is currently owned by company insiders.
Cintas Company Profile
Cintas Corp. engages in the provision of corporate identity uniforms through rental and sales programs. It operates through the following segments: Uniform Rental and Facility Services, First Aid and Safety Services, and All Other. The Uniform Rental and Facility Services segment consists of the rental and servicing of uniforms and other garments including flame resistant clothing, mats, mops and shop towels, and other ancillary items.
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