Cintas Co. (NASDAQ:CTAS) Stake Reduced by Fort Washington Investment Advisors Inc. OH

Fort Washington Investment Advisors Inc. OH lowered its holdings in Cintas Co. (NASDAQ:CTAS - Free Report) by 0.1% in the 1st quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The fund owned 4,252,480 shares of the business services provider's stock after selling 3,000 shares during the quarter. Cintas accounts for about 5.4% of Fort Washington Investment Advisors Inc. OH's investment portfolio, making the stock its biggest holding. Fort Washington Investment Advisors Inc. OH owned 1.05% of Cintas worth $874,012,000 as of its most recent SEC filing.

Other hedge funds have also recently modified their holdings of the company. Ameriprise Financial Inc. raised its stake in shares of Cintas by 26.7% in the fourth quarter. Ameriprise Financial Inc. now owns 2,228,609 shares of the business services provider's stock worth $407,163,000 after purchasing an additional 468,950 shares during the last quarter. Alpine Global Management LLC purchased a new stake in Cintas during the fourth quarter valued at $284,000. Treasurer of the State of North Carolina increased its position in Cintas by 12.3% during the fourth quarter. Treasurer of the State of North Carolina now owns 170,182 shares of the business services provider's stock valued at $31,092,000 after acquiring an additional 18,620 shares during the last quarter. OVERSEA CHINESE BANKING Corp Ltd increased its position in Cintas by 97.6% during the fourth quarter. OVERSEA CHINESE BANKING Corp Ltd now owns 7,470 shares of the business services provider's stock valued at $1,365,000 after acquiring an additional 3,690 shares during the last quarter. Finally, Schulhoff & Co. Inc. purchased a new stake in Cintas during the fourth quarter valued at $258,000. Hedge funds and other institutional investors own 63.46% of the company's stock.

Analyst Ratings Changes

A number of analysts recently commented on the company. Royal Bank of Canada reiterated a "sector perform" rating and set a $240.00 price objective (up previously from $215.00) on shares of Cintas in a research report on Monday, June 9th. Bank of America assumed coverage on Cintas in a research report on Thursday, April 10th. They set a "buy" rating and a $250.00 price objective for the company. UBS Group upped their price objective on Cintas from $218.00 to $240.00 and gave the company a "buy" rating in a research report on Thursday, March 27th. Wells Fargo & Company upped their price target on Cintas from $184.00 to $196.00 and gave the stock an "underweight" rating in a research report on Thursday, March 27th. Finally, Morgan Stanley upped their price target on Cintas from $195.00 to $213.00 and gave the stock an "equal weight" rating in a research report on Thursday, March 27th. Three equities research analysts have rated the stock with a sell rating, six have issued a hold rating, five have assigned a buy rating and one has assigned a strong buy rating to the company's stock. According to data from MarketBeat, the company presently has an average rating of "Hold" and a consensus target price of $215.81.

Insider Transactions at Cintas

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

Cintas Price Performance

Cintas stock traded down $1.59 during midday trading on Friday, reaching $221.98. 1,252,851 shares of the stock traded hands, compared to its average volume of 1,707,350. The stock's fifty day moving average is $215.30 and its 200-day moving average is $205.42. Cintas Co. has a 12 month low of $172.20 and a 12 month high of $229.24. The stock has a market cap of $89.63 billion, a P/E ratio of 53.52, a PEG ratio of 3.98 and a beta of 1.08. The company has a quick ratio of 1.38, a current ratio of 1.58 and a debt-to-equity ratio of 0.47.

Cintas (NASDAQ:CTAS - Get Free Report) last announced its quarterly earnings results on Wednesday, March 26th. The business services provider reported $1.13 EPS for the quarter, beating analysts' consensus estimates of $1.05 by $0.08. Cintas had a return on equity of 40.62% and a net margin of 17.23%. The company had revenue of $2.61 billion during the quarter, compared to analyst estimates of $2.60 billion. During the same period in the prior year, the company earned $3.84 earnings per share. The firm's revenue was up 8.4% on a year-over-year basis. As a group, equities research analysts anticipate that Cintas Co. will post 4.31 EPS for the current year.

Cintas Dividend Announcement

The company also recently declared a quarterly dividend, which was paid on Friday, June 13th. Investors of record on Thursday, May 15th were paid a dividend of $0.39 per share. This represents a $1.56 dividend on an annualized basis and a yield of 0.70%. The ex-dividend date was Thursday, May 15th. Cintas's payout ratio is presently 36.11%.

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.