Trinity Financial Advisors LLC Sells 1,200 Shares of Cintas Co. (NASDAQ:CTAS)

Trinity Financial Advisors LLC decreased its position in shares of Cintas Co. (NASDAQ:CTAS) by 50.0% during the 4th quarter, Holdings Channel reports. The institutional investor owned 1,200 shares of the business services provider’s stock after selling 1,200 shares during the quarter. Trinity Financial Advisors LLC’s holdings in Cintas were worth $219,000 at the end of the most recent quarter.

Other hedge funds have also recently bought and sold shares of the company. Ashton Thomas Private Wealth LLC acquired a new position in Cintas during the 2nd quarter valued at about $93,000. Choreo LLC bought a new stake in Cintas in the second quarter valued at about $1,050,000. Royal London Asset Management Ltd. lifted its stake in Cintas by 3.8% in the second quarter. Royal London Asset Management Ltd. now owns 34,352 shares of the business services provider’s stock valued at $24,055,000 after buying an additional 1,248 shares during the period. MGO One Seven LLC boosted its stake in Cintas by 28.3% during the 2nd quarter. MGO One Seven LLC now owns 1,302 shares of the business services provider’s stock worth $912,000 after acquiring an additional 287 shares during the last quarter. Finally, LPL Financial LLC raised its holdings in Cintas by 5.4% in the second quarter. LPL Financial LLC now owns 63,888 shares of the business services provider’s stock worth $44,738,000 after purchasing an additional 3,259 shares during the period. 63.46% of the stock is currently owned by institutional investors.

Cintas Stock Performance

NASDAQ:CTAS traded down $3.35 during mid-day trading on Friday, hitting $189.30. 2,148,196 shares of the stock were exchanged, compared to its average volume of 2,442,825. The company has a debt-to-equity ratio of 0.50, a quick ratio of 1.33 and a current ratio of 1.53. The stock has a market capitalization of $76.34 billion, a price-to-earnings ratio of 47.80, a price-to-earnings-growth ratio of 4.15 and a beta of 1.37. The firm’s 50-day simple moving average is $207.61 and its 200 day simple moving average is $204.21. Cintas Co. has a fifty-two week low of $145.91 and a fifty-two week 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 for the quarter, topping the consensus estimate of $1.01 by $0.08. The business had revenue of $2.56 billion during the quarter, compared to analysts’ expectations of $2.56 billion. Cintas had a net margin of 16.80% and a return on equity of 39.56%. The business’s revenue was up 7.8% on a year-over-year basis. During the same quarter in the previous year, the company earned $3.61 EPS. As a group, equities analysts anticipate that Cintas Co. will post 4.23 EPS for the current fiscal year.

Cintas Dividend Announcement

The business also recently declared a quarterly dividend, which was paid on Friday, December 13th. Investors of record on Friday, November 15th were given a $0.39 dividend. This represents a $1.56 dividend on an annualized basis and a dividend yield of 0.82%. The ex-dividend date of this dividend was Friday, November 15th. Cintas’s payout ratio is currently 37.59%.

Analyst Ratings Changes

Several equities analysts have recently issued reports on CTAS shares. UBS Group decreased their price target on shares of Cintas from $240.00 to $218.00 and set a “buy” rating for the company in a report on Friday, December 20th. Wells Fargo & Company cut their price objective on shares of Cintas from $191.00 to $184.00 and set an “underweight” rating on the stock in a research report on Friday, December 20th. The Goldman Sachs Group decreased their price target on shares of Cintas from $236.00 to $211.00 and set a “buy” rating for the company in a research note on Friday, December 20th. Morgan Stanley boosted their price objective on shares of Cintas from $185.00 to $202.00 and gave the stock an “equal weight” rating in a research report on Thursday, December 12th. Finally, Jefferies Financial Group decreased their target price on shares of Cintas from $730.00 to $200.00 and set a “hold” rating for the company in a research report on Thursday, September 26th. Two research analysts have rated the stock with a sell rating, nine have issued a hold rating and six have given a buy rating to the stock. According to MarketBeat.com, the company presently has an average rating of “Hold” and an average 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.