Sugarloaf Wealth Management LLC Increases Holdings in Cintas Co. (NASDAQ:CTAS)

Sugarloaf Wealth Management LLC increased its position in Cintas Co. (NASDAQ:CTAS) by 7.4% in the fourth quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund owned 1,165 shares of the business services provider’s stock after buying an additional 80 shares during the quarter. Sugarloaf Wealth Management LLC’s holdings in Cintas were worth $213,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Several other hedge funds and other institutional investors have also bought and sold shares of the company. Axxcess Wealth Management LLC lifted its holdings in shares of Cintas by 0.5% in the 2nd quarter. Axxcess Wealth Management LLC now owns 2,905 shares of the business services provider’s stock worth $2,034,000 after acquiring an additional 14 shares during the last quarter. D Orazio & Associates Inc. lifted its stake in Cintas by 3.5% in the second quarter. D Orazio & Associates Inc. now owns 556 shares of the business services provider’s stock worth $389,000 after purchasing an additional 19 shares during the last quarter. Alpha Financial Partners LLC boosted its position in Cintas by 5.1% during the second quarter. Alpha Financial Partners LLC now owns 389 shares of the business services provider’s stock valued at $272,000 after buying an additional 19 shares during the period. E Fund Management Co. Ltd. grew its stake in shares of Cintas by 1.9% during the second quarter. E Fund Management Co. Ltd. now owns 997 shares of the business services provider’s stock valued at $698,000 after buying an additional 19 shares during the last quarter. Finally, Abbrea Capital LLC increased its holdings in shares of Cintas by 8.4% in the second quarter. Abbrea Capital LLC now owns 402 shares of the business services provider’s stock worth $282,000 after buying an additional 31 shares during the period. Hedge funds and other institutional investors own 63.46% of the company’s stock.

Analyst Ratings Changes

Several equities research analysts recently weighed in on CTAS shares. Morgan Stanley increased their target price on Cintas from $185.00 to $202.00 and gave the company an “equal weight” rating in a report on Thursday, December 12th. Jefferies Financial Group dropped their price objective on Cintas from $730.00 to $200.00 and set a “hold” rating for the company in a research note on Thursday, September 26th. UBS Group decreased their target price on shares of Cintas from $240.00 to $218.00 and set a “buy” rating on the stock in a research note on Friday, December 20th. Robert W. Baird dropped their price target on shares of Cintas from $209.00 to $200.00 and set a “neutral” rating for the company in a research report on Friday, December 20th. Finally, Royal Bank of Canada reissued a “sector perform” rating and issued a $215.00 price target on shares of Cintas in a report on Friday, December 20th. Two investment analysts have rated the stock with a sell rating, nine have issued a hold rating and six have issued a buy rating to the company. Based on data from MarketBeat.com, Cintas has a consensus rating of “Hold” and a consensus target price of $198.46.

Cintas Stock Down 1.4 %

Shares of NASDAQ:CTAS traded down $2.77 during trading on Friday, hitting $189.88. The stock had a trading volume of 1,074,932 shares, compared to its average volume of 2,387,661. The company has a market capitalization of $76.58 billion, a PE ratio of 47.95, a PEG ratio of 4.15 and a beta of 1.37. The company has a quick ratio of 1.33, a current ratio of 1.53 and a debt-to-equity ratio of 0.50. The firm’s fifty day moving average is $207.61 and its 200 day moving average is $204.21. Cintas Co. has a 12 month low of $145.91 and a 12 month high of $228.12.

Cintas (NASDAQ:CTAS) last issued its quarterly earnings results on Thursday, December 19th. The business services provider reported $1.09 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $1.01 by $0.08. The company had revenue of $2.56 billion during the quarter, compared to analysts’ expectations of $2.56 billion. Cintas had a net margin of 16.80% and a return on equity of 39.56%. Cintas’s revenue was up 7.8% on a year-over-year basis. During the same period last year, the company posted $3.61 EPS. Analysts anticipate that Cintas Co. will post 4.23 EPS for the current fiscal year.

Cintas Dividend Announcement

The business also recently declared a quarterly dividend, which was paid on Friday, December 13th. Investors of record on Friday, November 15th were paid a $0.39 dividend. The ex-dividend date of this dividend was Friday, November 15th. This represents a $1.56 annualized dividend and a dividend yield of 0.82%. Cintas’s payout ratio is currently 37.59%.

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.