Trinity Financial Advisors LLC Sells 1,200 Shares of Cintas Co. (NASDAQ:CTAS)

Trinity Financial Advisors LLC lessened its stake in shares of Cintas Co. (NASDAQ:CTAS) by 50.0% in the 4th quarter, according to the company in its most recent 13F filing with the SEC. The institutional investor owned 1,200 shares of the business services provider’s stock after selling 1,200 shares during the quarter. Trinity Financial Advisors LLC’s holdings in Cintas were worth $219,000 as of its most recent filing with the SEC.

Several other large investors also recently made changes to their positions in CTAS. Ashton Thomas Private Wealth LLC acquired a new position in Cintas during the second quarter valued at approximately $93,000. Choreo LLC acquired a new position in Cintas during the 2nd quarter worth $1,050,000. Royal London Asset Management Ltd. boosted its holdings in Cintas by 3.8% during the second quarter. Royal London Asset Management Ltd. now owns 34,352 shares of the business services provider’s stock valued at $24,055,000 after acquiring an additional 1,248 shares during the period. MGO One Seven LLC grew its position in shares of Cintas by 28.3% in the second quarter. MGO One Seven LLC now owns 1,302 shares of the business services provider’s stock valued at $912,000 after purchasing an additional 287 shares during the last quarter. Finally, LPL Financial LLC increased its stake in shares of Cintas by 5.4% in the second quarter. LPL Financial LLC now owns 63,888 shares of the business services provider’s stock worth $44,738,000 after purchasing an additional 3,259 shares during the period. Institutional investors own 63.46% of the company’s stock.

Cintas Price Performance

Shares of Cintas stock traded down $3.35 during midday trading on Friday, hitting $189.30. 2,148,196 shares of the company were exchanged, compared to its average volume of 2,442,825. The company has a debt-to-equity ratio of 0.50, a current ratio of 1.53 and a quick ratio of 1.33. The firm has a 50 day simple moving average of $207.61 and a 200-day simple moving average of $204.21. Cintas Co. has a 52 week low of $145.91 and a 52 week high of $228.12. The firm has a market cap of $76.34 billion, a P/E ratio of 47.80, a PEG ratio of 4.15 and a beta of 1.37.

Cintas (NASDAQ:CTAS) last posted its earnings results on Thursday, December 19th. The business services provider reported $1.09 earnings per share for the quarter, topping the consensus estimate of $1.01 by $0.08. Cintas had a net margin of 16.80% and a return on equity of 39.56%. The business had revenue of $2.56 billion for the quarter, compared to analyst estimates of $2.56 billion. During the same quarter in the prior year, the firm earned $3.61 EPS. The firm’s quarterly revenue was up 7.8% compared to the same quarter last year. Research analysts forecast that Cintas Co. will post 4.23 earnings per share for the current year.

Cintas Announces Dividend

The firm also recently declared a quarterly dividend, which was paid on Friday, December 13th. Investors of record on Friday, November 15th were issued a dividend of $0.39 per share. The ex-dividend date of this dividend was Friday, November 15th. This represents a $1.56 dividend on an annualized basis and a yield of 0.82%. Cintas’s dividend payout ratio is 37.59%.

Analysts Set New Price Targets

A number of research firms have issued reports on CTAS. Wells Fargo & Company lowered their target price on Cintas from $191.00 to $184.00 and set an “underweight” rating on the stock in a report on Friday, December 20th. Barclays boosted their target price on shares of Cintas from $210.00 to $245.00 and gave the stock an “overweight” rating in a research report on Friday, September 27th. The Goldman Sachs Group reduced their price target on shares of Cintas from $236.00 to $211.00 and set a “buy” rating for the company in a report on Friday, December 20th. Robert W. Baird decreased their price target 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. Finally, 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 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 issued a buy rating to the company. Based on data from MarketBeat.com, Cintas presently has an average rating of “Hold” and a consensus price target of $198.46.

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.