Accredited Investors Inc. Has $371,000 Stock Position in Cintas Co. (NASDAQ:CTAS)

Accredited Investors Inc. trimmed its position in Cintas Co. (NASDAQ:CTAS) by 14.3% during the fourth quarter, according to its most recent 13F filing with the SEC. The fund owned 2,030 shares of the business services provider’s stock after selling 339 shares during the period. Accredited Investors Inc.’s holdings in Cintas were worth $371,000 as of its most recent filing with the SEC.

A number of other large investors also recently added to or reduced their stakes in the business. Sound Income Strategies LLC bought a new position in Cintas during the fourth quarter worth about $27,000. Cyrus J. Lawrence LLC bought a new position in shares of Cintas during the 4th quarter worth approximately $29,000. Endeavor Private Wealth Inc. bought a new position in Cintas during the fourth quarter worth about $31,000. IAG Wealth Partners LLC grew its position in Cintas by 136.8% during the fourth quarter. IAG Wealth Partners LLC now owns 180 shares of the business services provider’s stock worth $33,000 after buying an additional 104 shares in the last quarter. Finally, Newbridge Financial Services Group Inc. bought a new stake in shares of Cintas in the 4th quarter worth approximately $34,000. 63.46% of the stock is currently owned by institutional investors and hedge funds.

Analyst Upgrades and Downgrades

Several equities research analysts recently weighed in on CTAS shares. Bank of America began coverage on Cintas in a research note on Thursday. They issued a “buy” rating and a $250.00 price target on the stock. Morgan Stanley increased their price objective on shares of Cintas from $195.00 to $213.00 and gave the stock an “equal weight” rating in a research report on Thursday, March 27th. UBS Group increased their price objective on shares of Cintas from $218.00 to $240.00 and gave the company a “buy” rating in a research note on Thursday, March 27th. The Goldman Sachs Group raised their target price on shares of Cintas from $211.00 to $233.00 and gave the company a “buy” rating in a research note on Thursday, March 27th. Finally, Robert W. Baird raised their price target on shares of Cintas from $200.00 to $227.00 and gave the stock a “neutral” rating in a research report on Thursday, March 27th. Two research analysts have rated the stock with a sell rating, seven have given a hold rating and six have assigned a buy rating to the company. Based on data from MarketBeat, Cintas currently has a consensus rating of “Hold” and an average target price of $213.62.

Insider Transactions at Cintas

In related news, COO Jim Rozakis sold 2,000 shares of the firm’s stock in a transaction dated Monday, April 7th. The shares were sold at an average price of $190.37, for a total value of $380,740.00. Following the completion of the sale, the chief operating officer now owns 256,528 shares in the company, valued at $48,835,235.36. This trade represents a 0.77 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link. Corporate insiders own 15.00% of the company’s stock.

Cintas Stock Up 7.3 %

NASDAQ CTAS opened at $203.99 on Thursday. The company has a debt-to-equity ratio of 0.47, a current ratio of 1.58 and a quick ratio of 1.38. Cintas Co. has a 1 year low of $162.16 and a 1 year high of $228.12. The stock has a market capitalization of $82.32 billion, a PE ratio of 49.18, a PEG ratio of 3.98 and a beta of 1.20. The business’s 50-day moving average is $200.97 and its 200 day moving average is $204.27.

Cintas (NASDAQ:CTAS) last announced its earnings results on Wednesday, March 26th. The business services provider reported $1.13 earnings per share (EPS) for the quarter, beating the consensus estimate of $1.05 by $0.08. The firm had revenue of $2.61 billion for 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 was up 8.4% compared to the same quarter last year. During the same period in the prior year, the company earned $3.84 EPS. Sell-side analysts forecast that Cintas Co. will post 4.31 earnings per share for the current year.

Cintas Dividend Announcement

The business also recently announced a quarterly dividend, which will be paid on Friday, June 13th. Shareholders of record on Thursday, May 15th will be paid a $0.39 dividend. This represents a $1.56 dividend on an annualized basis and a dividend yield of 0.76%. Cintas’s dividend payout ratio (DPR) is presently 36.11%.

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.