Fairview Capital Investment Management LLC Sells 4,315 Shares of Cintas Co. (NASDAQ:CTAS)

Fairview Capital Investment Management LLC decreased its holdings in Cintas Co. (NASDAQ:CTAS - Free Report) by 3.1% during the 4th quarter, according to the company in its most recent disclosure with the SEC. The fund owned 135,689 shares of the business services provider's stock after selling 4,315 shares during the quarter. Cintas accounts for about 1.3% of Fairview Capital Investment Management LLC's investment portfolio, making the stock its 25th largest position. Fairview Capital Investment Management LLC's holdings in Cintas were worth $24,790,000 as of its most recent filing with the SEC.

Other hedge funds have also recently added to or reduced their stakes in the company. Sound Income Strategies LLC acquired a new position in Cintas in the fourth quarter worth approximately $27,000. Cyrus J. Lawrence LLC acquired a new stake in shares of Cintas during the 4th quarter valued at $29,000. Endeavor Private Wealth Inc. acquired a new position in Cintas during the fourth quarter worth $31,000. IAG Wealth Partners LLC raised its holdings in Cintas by 136.8% during the fourth quarter. IAG Wealth Partners LLC now owns 180 shares of the business services provider's stock valued at $33,000 after buying an additional 104 shares in the last quarter. Finally, Newbridge Financial Services Group Inc. bought a new position in Cintas during the fourth quarter valued at about $34,000. Institutional investors and hedge funds own 63.46% of the company's stock.

Insider Activity

In other news, Director Ronald W. Tysoe sold 8,521 shares of Cintas stock in a transaction dated Monday, April 14th. The shares were sold at an average price of $208.96, for a total value of $1,780,548.16. Following the completion of the transaction, the director now owns 27,029 shares of the company's stock, valued at $5,647,979.84. This trade represents a 23.97% decrease in their position. The sale was disclosed in a legal filing with the SEC, which is available at this link. Also, COO Jim Rozakis sold 2,000 shares of Cintas stock in a transaction dated Monday, April 7th. The shares were sold at an average price of $190.37, for a total transaction of $380,740.00. Following the completion of the transaction, the chief operating officer now directly owns 256,528 shares of the company's stock, valued at approximately $48,835,235.36. This trade represents a 0.77% decrease in their position. The disclosure for this sale can be found here. Insiders own 15.00% of the company's stock.

Wall Street Analysts Forecast Growth

A number of research analysts have recently commented on CTAS shares. Morgan Stanley upped their price objective on shares of Cintas from $195.00 to $213.00 and gave the company an "equal weight" rating in a research report on Thursday, March 27th. Citigroup started coverage on shares of Cintas in a research report on Monday, February 24th. They set a "sell" rating and a $161.00 price objective for the company. Robert W. Baird upped their price objective on shares of Cintas from $200.00 to $227.00 and gave the company a "neutral" rating in a research report on Thursday, March 27th. Bank of America started coverage on shares of Cintas in a research report on Thursday, April 10th. They set a "buy" rating and a $250.00 price objective for the company. Finally, Royal Bank of Canada reaffirmed a "sector perform" rating and set a $215.00 price objective on shares of Cintas in a research report on Thursday, March 27th. Three equities research analysts have rated the stock with a sell rating, six have given a hold rating, six have assigned a buy rating and one has given a strong buy rating to the stock. According to MarketBeat.com, the company currently has an average rating of "Hold" and a consensus target price of $213.88.

Cintas Stock Up 1.0%

Cintas stock traded up $2.25 during mid-day trading on Monday, reaching $216.99. The company's stock had a trading volume of 1,913,273 shares, compared to its average volume of 1,702,312. The company has a market capitalization of $87.62 billion, a price-to-earnings ratio of 52.32, a price-to-earnings-growth ratio of 3.98 and a beta of 1.09. Cintas Co. has a 12 month low of $164.93 and a 12 month high of $228.12. The business's 50 day simple moving average is $202.92 and its 200 day simple moving average is $204.37. 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 (NASDAQ:CTAS - Get Free Report) last released its earnings results on Wednesday, March 26th. The business services provider reported $1.13 earnings per share for the quarter, beating analysts' consensus estimates of $1.05 by $0.08. The business had revenue of $2.61 billion during the quarter, compared to the consensus estimate of $2.60 billion. Cintas had a net margin of 17.23% and a return on equity of 40.62%. The firm's revenue for the quarter was up 8.4% compared to the same quarter last year. During the same quarter last year, the firm earned $3.84 earnings per share. As a group, research analysts anticipate 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, June 13th. Stockholders of record on Thursday, May 15th will be given a $0.39 dividend. This represents a $1.56 dividend on an annualized basis and a dividend yield of 0.72%. The ex-dividend date of this dividend is Thursday, May 15th. Cintas's dividend payout ratio (DPR) is presently 36.11%.

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.