Strs Ohio Sells 9,698 Shares of Cintas Co. (NASDAQ:CTAS)

Strs Ohio decreased its position in shares of Cintas Co. (NASDAQ:CTAS - Free Report) by 7.5% in the fourth quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The fund owned 118,802 shares of the business services provider's stock after selling 9,698 shares during the period. Strs Ohio owned 0.12% of Cintas worth $71,597,000 at the end of the most recent reporting period.

A number of other institutional investors have also recently bought and sold shares of the company. Columbus Macro LLC raised its holdings in Cintas by 1.2% during the fourth quarter. Columbus Macro LLC now owns 1,453 shares of the business services provider's stock valued at $871,000 after buying an additional 17 shares in the last quarter. Quent Capital LLC raised its holdings in Cintas by 22.8% during the fourth quarter. Quent Capital LLC now owns 97 shares of the business services provider's stock valued at $59,000 after buying an additional 18 shares in the last quarter. Greenleaf Trust raised its holdings in Cintas by 1.0% during the third quarter. Greenleaf Trust now owns 1,899 shares of the business services provider's stock valued at $913,000 after buying an additional 19 shares in the last quarter. Catalyst Capital Advisors LLC raised its holdings in Cintas by 33.9% during the third quarter. Catalyst Capital Advisors LLC now owns 75 shares of the business services provider's stock valued at $36,000 after buying an additional 19 shares in the last quarter. Finally, Stokes Capital Advisors LLC increased its stake in shares of Cintas by 2.4% in the third quarter. Stokes Capital Advisors LLC now owns 845 shares of the business services provider's stock worth $406,000 after purchasing an additional 20 shares during the period. Institutional investors and hedge funds own 63.46% of the company's stock.

Cintas Price Performance

NASDAQ CTAS traded down $2.72 during trading on Friday, reaching $668.41. 324,300 shares of the company traded hands, compared to its average volume of 397,659. The company has a debt-to-equity ratio of 0.58, a quick ratio of 2.03 and a current ratio of 2.38. The stock's 50 day moving average price is $638.38 and its two-hundred day moving average price is $582.31. The company has a market cap of $67.76 billion, a price-to-earnings ratio of 46.16, a P/E/G ratio of 3.91 and a beta of 1.27. Cintas Co. has a 1-year low of $438.59 and a 1-year high of $704.84.

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

Cintas Dividend Announcement

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

Analyst Ratings Changes

A number of research firms have recently commented on CTAS. Oppenheimer reiterated a "market perform" rating on shares of Cintas in a research note on Monday, April 1st. Royal Bank of Canada lifted their price objective on Cintas from $675.00 to $725.00 and gave the stock an "outperform" rating in a research note on Thursday, March 28th. The Goldman Sachs Group lifted their price objective on Cintas from $673.00 to $765.00 and gave the stock a "buy" rating in a research note on Thursday, March 28th. Bank of America lifted their price objective on Cintas from $700.00 to $790.00 and gave the stock a "buy" rating in a research note on Thursday, March 28th. Finally, UBS Group lifted their price objective on Cintas from $680.00 to $790.00 and gave the stock a "buy" rating in a research note on Thursday, March 28th. Six analysts have rated the stock with a hold rating and nine have assigned a buy rating to the stock. Based on data from MarketBeat.com, the company 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.