Xponance Inc. Sells 4,466 Shares of Cintas Co. (NASDAQ:CTAS)

Xponance Inc. trimmed its holdings in shares of Cintas Co. (NASDAQ:CTAS) by 18.6% during the fourth quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund owned 19,530 shares of the business services provider’s stock after selling 4,466 shares during the quarter. Xponance Inc.’s holdings in Cintas were worth $11,770,000 at the end of the most recent quarter.

A number of other institutional investors have also recently added to or reduced their stakes in the business. FMR LLC grew its holdings in Cintas by 5.5% during the 3rd quarter. FMR LLC now owns 2,352,581 shares of the business services provider’s stock worth $1,131,615,000 after acquiring an additional 123,468 shares during the last quarter. Geode Capital Management LLC lifted its position in shares of Cintas by 2.3% in the 1st quarter. Geode Capital Management LLC now owns 1,871,093 shares of the business services provider’s stock worth $863,795,000 after purchasing an additional 41,237 shares during the period. Price T Rowe Associates Inc. MD lifted its position in shares of Cintas by 8.9% in the 1st quarter. Price T Rowe Associates Inc. MD now owns 1,419,068 shares of the business services provider’s stock worth $656,575,000 after purchasing an additional 115,712 shares during the period. Royal Bank of Canada lifted its position in shares of Cintas by 5.2% in the 1st quarter. Royal Bank of Canada now owns 1,163,413 shares of the business services provider’s stock worth $494,904,000 after purchasing an additional 57,674 shares during the period. Finally, Invesco Ltd. lifted its position in shares of Cintas by 17.4% in the 3rd quarter. Invesco Ltd. now owns 1,025,615 shares of the business services provider’s stock worth $493,331,000 after purchasing an additional 151,783 shares during the period. 63.46% of the stock is owned by institutional investors.

Cintas Stock Performance

CTAS traded up $3.75 during trading on Friday, hitting $666.19. 36,246 shares of the company traded hands, compared to its average volume of 338,917. The firm has a market cap of $67.53 billion, a P/E ratio of 45.75, a price-to-earnings-growth ratio of 3.91 and a beta of 1.27. The stock’s fifty day moving average is $642.18 and its 200 day moving average is $586.01. The company has a quick ratio of 2.03, a current ratio of 2.38 and a debt-to-equity ratio of 0.58. Cintas Co. has a one year low of $438.59 and a one year high of $704.84.

Cintas (NASDAQ:CTAS) last posted its quarterly earnings results on Wednesday, March 27th. The business services provider reported $3.84 earnings per share for the quarter, beating the consensus estimate of $3.58 by $0.26. The company had revenue of $2.41 billion during the quarter, compared to analyst estimates of $2.39 billion. Cintas had a net margin of 15.98% and a return on equity of 37.19%. The firm’s revenue for the quarter was up 9.9% on a year-over-year basis. During the same quarter in the prior year, the business earned $3.14 earnings per share. As a group, equities analysts predict that Cintas Co. will post 14.96 EPS for the current fiscal year.

Cintas Dividend Announcement

The business also recently declared a quarterly dividend, which will be paid on Friday, June 14th. Investors of record on Wednesday, May 15th will be given a dividend of $1.35 per share. The ex-dividend date is Tuesday, May 14th. This represents a $5.40 annualized dividend and a yield of 0.81%. Cintas’s payout ratio is currently 37.29%.

Wall Street Analyst Weigh In

A number of research analysts have recently issued reports on the stock. Bank of America boosted their price target on shares of Cintas from $700.00 to $790.00 and gave the stock a “buy” rating in a research report on Thursday, March 28th. StockNews.com upgraded shares of Cintas from a “hold” rating to a “buy” rating in a research report on Monday, March 25th. Barclays boosted their target price on shares of Cintas from $630.00 to $700.00 and gave the company an “overweight” rating in a research report on Thursday, February 29th. Royal Bank of Canada boosted their target price on shares of Cintas from $675.00 to $725.00 and gave the company an “outperform” rating in a research report on Thursday, March 28th. Finally, Stifel Nicolaus boosted their target price on shares of Cintas from $526.00 to $585.00 and gave the company a “hold” rating in a research report on Friday, December 22nd. Six research analysts have rated the stock with a hold rating and nine have assigned a buy rating to the stock. According to data from MarketBeat.com, the stock currently has an average rating of “Moderate Buy” and an average price target of $661.21.

Cintas Profile

Cintas Corporation provides 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.