Ethos Financial Group LLC Cuts Holdings in Cintas Co. (NASDAQ:CTAS)

Ethos Financial Group LLC decreased its position in Cintas Co. (NASDAQ:CTAS) by 2.4% in the fourth quarter, according to its most recent Form 13F filing with the SEC. The institutional investor owned 2,549 shares of the business services provider’s stock after selling 63 shares during the period. Ethos Financial Group LLC’s holdings in Cintas were worth $466,000 at the end of the most recent quarter.

Other institutional investors and hedge funds also recently added to or reduced their stakes in the company. China Universal Asset Management Co. Ltd. increased its holdings in Cintas by 28.4% in the fourth quarter. China Universal Asset Management Co. Ltd. now owns 6,563 shares of the business services provider’s stock valued at $1,199,000 after buying an additional 1,450 shares in the last quarter. KMG Fiduciary Partners LLC grew its position in shares of Cintas by 121.8% in the fourth quarter. KMG Fiduciary Partners LLC now owns 11,545 shares of the business services provider’s stock valued at $2,109,000 after purchasing an additional 6,341 shares during the period. Wellington Management Group LLP grew its position in shares of Cintas by 211.7% in the third quarter. Wellington Management Group LLP now owns 778,884 shares of the business services provider’s stock valued at $160,357,000 after purchasing an additional 529,005 shares during the period. JPMorgan Chase & Co. grew its position in shares of Cintas by 137.5% in the third quarter. JPMorgan Chase & Co. now owns 2,222,527 shares of the business services provider’s stock valued at $457,574,000 after purchasing an additional 1,286,668 shares during the period. Finally, Annex Advisory Services LLC grew its position in shares of Cintas by 1.6% in the fourth quarter. Annex Advisory Services LLC now owns 127,441 shares of the business services provider’s stock valued at $23,283,000 after purchasing an additional 1,988 shares during the period. Hedge funds and other institutional investors own 63.46% of the company’s stock.

Analyst Ratings Changes

Several analysts have recently issued reports on the stock. Citigroup assumed coverage on shares of Cintas in a research report on Monday, February 24th. They issued a “sell” rating and a $161.00 target price on the stock. Robert W. Baird dropped their target price on shares of Cintas from $209.00 to $200.00 and set a “neutral” rating on the stock in a research report on Friday, December 20th. Wells Fargo & Company dropped their target price on shares of Cintas from $191.00 to $184.00 and set an “underweight” rating on the stock in a research report on Friday, December 20th. Royal Bank of Canada restated a “sector perform” rating and set a $215.00 price target on shares of Cintas in a research report on Friday, December 20th. Finally, Morgan Stanley boosted their price target 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 research analysts have rated the stock with a sell rating, nine have issued a hold rating and six have given a buy rating to the company’s stock. According to MarketBeat.com, Cintas presently has a consensus rating of “Hold” and an average target price of $199.79.

Cintas Stock Down 2.3 %

Shares of Cintas stock opened at $200.60 on Friday. The company has a market cap of $80.95 billion, a P/E ratio of 48.37, a PEG ratio of 3.98 and a beta of 1.38. The company has a debt-to-equity ratio of 0.47, a quick ratio of 1.38 and a current ratio of 1.58. Cintas Co. has a one year low of $154.15 and a one year high of $228.12. The firm has a fifty day moving average of $198.51 and a two-hundred day moving average of $209.06.

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

Cintas Announces Dividend

The company also recently disclosed a quarterly dividend, which will be paid on Friday, March 14th. Shareholders of record on Friday, February 14th will be given a dividend of $0.39 per share. The ex-dividend date of this dividend is Friday, February 14th. This represents a $1.56 dividend on an annualized basis and a yield of 0.78%. Cintas’s payout ratio is currently 37.59%.

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.