Rhumbline Advisers Has $133.62 Million Holdings in Cintas Co. (NASDAQ:CTAS)

Rhumbline Advisers cut its holdings in shares of Cintas Co. (NASDAQ:CTAS) by 4.4% in the fourth quarter, Holdings Channel reports. The institutional investor owned 731,342 shares of the business services provider’s stock after selling 33,670 shares during the quarter. Rhumbline Advisers’ holdings in Cintas were worth $133,616,000 as of its most recent filing with the Securities & Exchange Commission.

A number of other large investors also recently modified their holdings of the business. PUREfi Wealth LLC acquired a new position in shares of Cintas during the fourth quarter worth approximately $482,000. Bank Pictet & Cie Europe AG raised its stake in shares of Cintas by 0.7% in the fourth quarter. Bank Pictet & Cie Europe AG now owns 514,336 shares of the business services provider’s stock valued at $93,969,000 after purchasing an additional 3,504 shares in the last quarter. AustralianSuper Pty Ltd raised its stake in shares of Cintas by 876.2% in the fourth quarter. AustralianSuper Pty Ltd now owns 516,054 shares of the business services provider’s stock valued at $94,283,000 after purchasing an additional 463,190 shares in the last quarter. V Square Quantitative Management LLC raised its stake in shares of Cintas by 4.4% in the fourth quarter. V Square Quantitative Management LLC now owns 7,678 shares of the business services provider’s stock valued at $1,403,000 after purchasing an additional 322 shares in the last quarter. Finally, Catalyst Financial Partners LLC raised its stake in shares of Cintas by 3.6% in the fourth quarter. Catalyst Financial Partners LLC now owns 3,058 shares of the business services provider’s stock valued at $559,000 after purchasing an additional 105 shares in the last quarter. 63.46% of the stock is currently owned by institutional investors and hedge funds.

Wall Street Analyst Weigh In

A number of research analysts recently commented on CTAS shares. The Goldman Sachs Group cut their target price on Cintas from $236.00 to $211.00 and set a “buy” rating for the company in a research note on Friday, December 20th. UBS Group cut their target price on Cintas from $240.00 to $218.00 and set a “buy” rating for the company 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 for the company in a research note on Friday, December 20th. Wells Fargo & Company lowered their price target on Cintas from $191.00 to $184.00 and set an “underweight” rating on the stock in a research report on Friday, December 20th. Finally, Morgan Stanley upped their price target on Cintas from $185.00 to $202.00 and gave the company an “equal weight” rating in a research report on Thursday, December 12th. Two analysts have rated the stock with a sell rating, nine have given a hold rating and six have assigned a buy rating to the stock. Based on data from MarketBeat, the stock presently has a consensus rating of “Hold” and an average price target of $198.46.

Cintas Price Performance

Shares of CTAS stock opened at $204.22 on Friday. The stock’s fifty day moving average is $197.04 and its 200-day moving average is $207.53. The company has a debt-to-equity ratio of 0.47, a quick ratio of 1.38 and a current ratio of 1.58. The stock has a market capitalization of $82.41 billion, a PE ratio of 49.24, a PEG ratio of 3.95 and a beta of 1.38. Cintas Co. has a 52 week low of $152.77 and a 52 week high of $228.12.

Cintas (NASDAQ:CTAS) last announced its earnings results on Thursday, December 19th. The business services provider reported $1.09 EPS for the quarter, topping the consensus estimate of $1.01 by $0.08. The company had revenue of $2.56 billion for the quarter, compared to analysts’ expectations of $2.56 billion. Cintas had a return on equity of 40.62% and a net margin of 17.23%. The business’s revenue for the quarter was up 7.8% on a year-over-year basis. During the same quarter in the prior year, the business earned $3.61 earnings per share. Equities research analysts expect that Cintas Co. will post 4.31 EPS for the current fiscal year.

Cintas Dividend Announcement

The company also recently declared a quarterly dividend, which will be paid on Friday, March 14th. Investors of record on Friday, February 14th will be issued a $0.39 dividend. This represents a $1.56 annualized dividend and a yield of 0.76%. The ex-dividend date is Friday, February 14th. Cintas’s dividend payout ratio is 37.61%.

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.