Godsey & Gibb Inc. Sells 3,439 Shares of Cintas Co. (NASDAQ:CTAS)

Godsey & Gibb Inc. trimmed its holdings in shares of Cintas Co. (NASDAQ:CTAS) by 2.6% during the fourth quarter, Holdings Channel.com reports. The institutional investor owned 126,716 shares of the business services provider’s stock after selling 3,439 shares during the quarter. Cintas accounts for approximately 2.3% of Godsey & Gibb Inc.’s investment portfolio, making the stock its 16th biggest holding. Godsey & Gibb Inc.’s holdings in Cintas were worth $23,151,000 as of its most recent SEC filing.

Several other large investors also recently modified their holdings of CTAS. Armstrong Advisory Group Inc. acquired a new position in shares of Cintas during the 4th quarter valued at $64,000. Thurston Springer Miller Herd & Titak Inc. increased its stake in Cintas by 44.7% in the fourth quarter. Thurston Springer Miller Herd & Titak Inc. now owns 19,147 shares of the business services provider’s stock valued at $3,498,000 after purchasing an additional 5,918 shares in the last quarter. Park Avenue Securities LLC raised its holdings in shares of Cintas by 12.0% during the fourth quarter. Park Avenue Securities LLC now owns 30,780 shares of the business services provider’s stock valued at $5,623,000 after purchasing an additional 3,294 shares during the period. Kathmere Capital Management LLC bought a new position in shares of Cintas during the 4th quarter worth about $227,000. Finally, Assenagon Asset Management S.A. grew its stake in shares of Cintas by 2,729.5% in the 4th quarter. Assenagon Asset Management S.A. now owns 617,285 shares of the business services provider’s stock valued at $112,778,000 after buying an additional 595,469 shares during the period. Institutional investors and hedge funds own 63.46% of the company’s stock.

Cintas Stock Up 1.8 %

Shares of NASDAQ:CTAS opened at $195.70 on Thursday. Cintas Co. has a 1 year low of $146.29 and a 1 year high of $228.12. The company has a market capitalization of $78.97 billion, a PE ratio of 49.42, a price-to-earnings-growth ratio of 4.16 and a beta of 1.37. The business has a fifty day moving average price of $206.61 and a two-hundred day moving average price of $204.87. The company has a debt-to-equity ratio of 0.50, a current ratio of 1.53 and a quick ratio of 1.33.

Cintas (NASDAQ:CTAS) last issued its quarterly earnings results on Thursday, December 19th. The business services provider reported $1.09 earnings per share for the quarter, topping analysts’ consensus estimates of $1.01 by $0.08. Cintas had a net margin of 16.80% and a return on equity of 39.56%. The company had revenue of $2.56 billion for the quarter, compared to the consensus estimate of $2.56 billion. During the same period in the previous year, the firm earned $3.61 EPS. The firm’s quarterly revenue was up 7.8% on a year-over-year basis. Analysts forecast that Cintas Co. will post 4.23 earnings per share for the current year.

Cintas Announces Dividend

The business also recently declared a quarterly dividend, which will be paid on Friday, March 14th. Stockholders of record on Friday, February 14th will be paid 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 dividend yield of 0.80%. Cintas’s payout ratio is currently 37.59%.

Analysts Set New Price Targets

A number of research analysts recently weighed in on the company. The Goldman Sachs Group dropped their price target on 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 cut their target price on Cintas from $209.00 to $200.00 and set a “neutral” rating on the stock in a report on Friday, December 20th. Wells Fargo & Company decreased their price target 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. Jefferies Financial Group dropped their price objective on shares of Cintas from $730.00 to $200.00 and set a “hold” rating on the stock in a research note on Thursday, September 26th. Finally, Morgan Stanley boosted their target price 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. Two equities research analysts have rated the stock with a sell rating, nine have assigned a hold rating and six have given a buy rating to the company’s stock. According to MarketBeat, the company presently has an average rating of “Hold” and an average price target of $198.46.

Cintas 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.