United Capital Financial Advisors LLC Sells 20,345 Shares of Cintas Co. (NASDAQ:CTAS)

United Capital Financial Advisors LLC cut its position in shares of Cintas Co. (NASDAQ:CTAS - Free Report) by 21.9% in the fourth quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 72,532 shares of the business services provider's stock after selling 20,345 shares during the period. United Capital Financial Advisors LLC's holdings in Cintas were worth $13,252,000 as of its most recent SEC filing.

Several other institutional investors have also made changes to their positions in CTAS. Geode Capital Management LLC grew its position in Cintas by 2.7% in the fourth quarter. Geode Capital Management LLC now owns 8,468,080 shares of the business services provider's stock worth $1,544,822,000 after acquiring an additional 219,809 shares in the last quarter. Invesco Ltd. boosted its holdings in Cintas by 6.1% in the fourth quarter. Invesco Ltd. now owns 5,118,479 shares of the business services provider's stock worth $935,146,000 after purchasing an additional 296,059 shares in the last quarter. Norges Bank acquired a new position in Cintas during the fourth quarter worth $877,216,000. Franklin Resources Inc. raised its holdings in Cintas by 264.7% during the third quarter. Franklin Resources Inc. now owns 3,279,029 shares of the business services provider's stock valued at $693,503,000 after buying an additional 2,379,932 shares in the last quarter. Finally, JPMorgan Chase & Co. lifted its position in shares of Cintas by 137.5% in the third quarter. JPMorgan Chase & Co. now owns 2,222,527 shares of the business services provider's stock worth $457,574,000 after buying an additional 1,286,668 shares during the last quarter. 63.46% of the stock is currently owned by institutional investors and hedge funds.

Wall Street Analysts Forecast Growth

A number of brokerages have recently commented on CTAS. The Goldman Sachs Group increased their price objective on Cintas from $211.00 to $233.00 and gave the company a "buy" rating in a report on Thursday, March 27th. UBS Group boosted their price objective on shares of Cintas from $218.00 to $240.00 and gave the stock a "buy" rating in a research note on Thursday, March 27th. Royal Bank of Canada reaffirmed a "sector perform" rating and set a $215.00 price objective on shares of Cintas in a report on Thursday, March 27th. Wells Fargo & Company lifted their target price on shares of Cintas from $184.00 to $196.00 and gave the stock an "underweight" rating in a report on Thursday, March 27th. Finally, Citigroup started coverage on shares of Cintas in a report on Monday, February 24th. They set a "sell" rating and a $161.00 price target for the company. Two research analysts have rated the stock with a sell rating, seven have assigned a hold rating and six have given a buy rating to the stock. According to MarketBeat.com, Cintas has a consensus rating of "Hold" and a consensus target price of $213.62.

Insider Buying and Selling at Cintas

In other Cintas news, Director Ronald W. Tysoe sold 8,521 shares of the company's stock in a transaction on Monday, April 14th. The stock was sold at an average price of $208.96, for a total value of $1,780,548.16. Following the sale, the director now directly owns 27,029 shares in the company, valued at $5,647,979.84. This represents a 23.97 % decrease in their ownership of the stock. The sale was disclosed in a legal filing with the SEC, which is available at this hyperlink. Also, COO Jim Rozakis sold 2,000 shares of Cintas stock in a transaction on Monday, April 7th. The shares were sold at an average price of $190.37, for a total value of $380,740.00. Following the transaction, the chief operating officer now directly owns 256,528 shares of the company's stock, valued at approximately $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 Stock Performance

Cintas stock traded down $3.88 during trading hours on Monday, hitting $201.88. The stock had a trading volume of 198,685 shares, compared to its average volume of 1,697,876. The company has a 50-day moving average of $201.42 and a two-hundred day moving average of $204.32. 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 Co. has a fifty-two week low of $162.16 and a fifty-two week high of $228.12. The company has a market cap of $81.52 billion, a PE ratio of 48.68, a price-to-earnings-growth ratio of 3.98 and a beta of 1.20.

Cintas (NASDAQ:CTAS - Get Free Report) last issued its 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. The business had revenue of $2.61 billion during the quarter, compared to analyst estimates of $2.60 billion. Cintas had a return on equity of 40.62% and a net margin of 17.23%. Cintas's revenue was up 8.4% on a year-over-year basis. During the same period in the prior year, the company posted $3.84 earnings per share. On average, equities research analysts anticipate that Cintas Co. will post 4.31 EPS for the current fiscal year.

Cintas Dividend Announcement

The firm also recently declared a quarterly dividend, which will be paid on Friday, June 13th. Investors of record on Thursday, May 15th will be given a $0.39 dividend. This represents a $1.56 annualized dividend and a yield of 0.77%. The ex-dividend date of this dividend is Thursday, May 15th. Cintas's dividend payout ratio (DPR) 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.