CWM Advisors LLC lowered its stake in Cintas Co. (NASDAQ:CTAS) by 12.8% during the 4th quarter, according to its most recent disclosure with the Securities and Exchange Commission. The fund owned 2,383 shares of the business services provider’s stock after selling 351 shares during the quarter. CWM Advisors LLC’s holdings in Cintas were worth $400,000 at the end of the most recent quarter.
Other hedge funds also recently modified their holdings of the company. Nelson Roberts Investment Advisors LLC purchased a new position in shares of Cintas during the 4th quarter worth $25,000. Polaris Greystone Financial Group LLC purchased a new position in shares of Cintas during the 3rd quarter worth $154,000. Harvest Fund Management Co. Ltd purchased a new position in shares of Cintas during the 3rd quarter worth $184,000. Hartline Investment Corp purchased a new position in shares of Cintas during the 3rd quarter worth $201,000. Finally, Lourd Capital LLC purchased a new position in shares of Cintas during the 3rd quarter worth $202,000. Institutional investors own 67.12% of the company’s stock.
CTAS has been the topic of several analyst reports. Morgan Stanley set a $175.00 price target on shares of Cintas and gave the stock a “sell” rating in a research note on Monday, October 15th. Bank of America began coverage on shares of Cintas in a research note on Tuesday, October 23rd. They set a “neutral” rating and a $200.00 price target on the stock. BidaskClub downgraded shares of Cintas from a “strong-buy” rating to a “buy” rating in a research report on Friday, October 19th. Royal Bank of Canada began coverage on shares of Cintas in a research report on Monday, November 26th. They set an “outperform” rating on the stock. Finally, Robert W. Baird set a $235.00 price objective on shares of Cintas and gave the company a “buy” rating in a research report on Tuesday, October 30th. One equities research analyst has rated the stock with a sell rating, four have assigned a hold rating, seven have assigned a buy rating and two have given a strong buy rating to the company’s stock. Cintas has an average rating of “Buy” and a consensus price target of $190.77.
Shares of CTAS stock opened at $191.80 on Wednesday. The firm has a market cap of $19.90 billion, a PE ratio of 32.29, a PEG ratio of 2.12 and a beta of 1.07. Cintas Co. has a one year low of $147.38 and a one year high of $217.34. The company has a debt-to-equity ratio of 0.84, a quick ratio of 1.70 and a current ratio of 1.99.
Cintas (NASDAQ:CTAS) last announced its quarterly earnings data on Thursday, December 20th. The business services provider reported $1.76 EPS for the quarter, beating the Thomson Reuters’ consensus estimate of $1.72 by $0.04. The firm had revenue of $1.72 billion for the quarter, compared to the consensus estimate of $1.69 billion. Cintas had a net margin of 14.10% and a return on equity of 24.87%. The company’s revenue was up 7.0% on a year-over-year basis. During the same period last year, the firm earned $1.31 EPS. On average, equities analysts forecast that Cintas Co. will post 7.35 EPS for the current fiscal year.
Cintas Company Profile
Cintas Corporation provides corporate identity uniforms and related business services primarily in North America, Latin America, Europe, and Asia. It operates through Uniform Rental and Facility Services and First Aid and Safety Services 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, and carpet and tile cleaning services, as well as sells uniforms directly.
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