McKinley Carter Wealth Services Inc. Decreases Stake in Cintas Co. (NASDAQ:CTAS)

McKinley Carter Wealth Services Inc. lessened its stake in Cintas Co. (NASDAQ:CTAS) by 16.9% in the fourth quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The institutional investor owned 3,825 shares of the business services provider’s stock after selling 777 shares during the quarter. McKinley Carter Wealth Services Inc.’s holdings in Cintas were worth $699,000 at the end of the most recent quarter.

Several other hedge funds and other institutional investors have also recently made changes to their positions in CTAS. Aaron Wealth Advisors LLC lifted its position in shares of Cintas by 2.0% during the 4th quarter. Aaron Wealth Advisors LLC now owns 2,803 shares of the business services provider’s stock valued at $512,000 after acquiring an additional 55 shares during the period. Simon Quick Advisors LLC grew its holdings in Cintas by 5.5% in the fourth quarter. Simon Quick Advisors LLC now owns 1,213 shares of the business services provider’s stock valued at $222,000 after purchasing an additional 63 shares during the last quarter. KPP Advisory Services LLC increased its position in shares of Cintas by 19.6% in the second quarter. KPP Advisory Services LLC now owns 434 shares of the business services provider’s stock valued at $304,000 after buying an additional 71 shares in the last quarter. First Hawaiian Bank raised its stake in shares of Cintas by 0.4% during the 4th quarter. First Hawaiian Bank now owns 17,105 shares of the business services provider’s stock worth $3,125,000 after buying an additional 73 shares during the last quarter. Finally, Grove Bank & Trust boosted its position in shares of Cintas by 52.8% in the 4th quarter. Grove Bank & Trust now owns 220 shares of the business services provider’s stock worth $40,000 after buying an additional 76 shares in the last quarter. Institutional investors and hedge funds own 63.46% of the company’s stock.

Analyst Upgrades and Downgrades

Several research firms have weighed in on CTAS. Wells Fargo & Company dropped their target price on shares of Cintas from $191.00 to $184.00 and set an “underweight” rating for the company in a report on Friday, December 20th. Royal Bank of Canada reissued a “sector perform” rating and issued a $215.00 price target on shares of Cintas in a report on Friday, December 20th. Morgan Stanley upped their price objective on shares of Cintas from $185.00 to $202.00 and gave the company an “equal weight” rating in a research note on Thursday, December 12th. The Goldman Sachs Group lowered their price target on Cintas from $236.00 to $211.00 and set a “buy” rating for the company in a report on Friday, December 20th. Finally, Robert W. Baird dropped their price objective on Cintas from $209.00 to $200.00 and set a “neutral” rating for the company in a report on Friday, December 20th. Two investment analysts have rated the stock with a sell rating, nine have assigned a hold rating and six have issued a buy rating to the company. According to MarketBeat, Cintas has a consensus rating of “Hold” and a consensus target price of $198.46.

Cintas Stock Down 0.9 %

Shares of Cintas stock opened at $198.56 on Thursday. Cintas Co. has a 1-year low of $149.70 and a 1-year high of $228.12. The company has a market capitalization of $80.13 billion, a P/E ratio of 47.87, a PEG ratio of 3.84 and a beta of 1.37. The business’s fifty day moving average price is $202.36 and its two-hundred day moving average price is $206.39. 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 (NASDAQ:CTAS) last announced its earnings results on Thursday, December 19th. The business services provider reported $1.09 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $1.01 by $0.08. Cintas had a net margin of 17.23% and a return on equity of 40.62%. The firm had revenue of $2.56 billion during the quarter, compared to analyst estimates of $2.56 billion. During the same quarter in the prior year, the firm posted $3.61 EPS. Cintas’s revenue was up 7.8% compared to the same quarter last year. As a group, research analysts forecast that Cintas Co. will post 4.31 EPS for the current year.

Cintas Announces Dividend

The company also recently disclosed a quarterly dividend, which will be paid on Friday, March 14th. Stockholders of record on Friday, February 14th will be issued a $0.39 dividend. The ex-dividend date of this dividend is Friday, February 14th. This represents a $1.56 annualized dividend and a dividend yield of 0.79%. Cintas’s dividend payout ratio (DPR) is 37.61%.

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.