Western Wealth Management LLC Has $4.83 Million Holdings in Cintas Co. (NASDAQ:CTAS)

Western Wealth Management LLC lessened its holdings in shares of Cintas Co. (NASDAQ:CTAS) by 1.0% during the fourth quarter, Holdings Channel.com reports. The firm owned 8,020 shares of the business services provider’s stock after selling 80 shares during the quarter. Western Wealth Management LLC’s holdings in Cintas were worth $4,833,000 at the end of the most recent quarter.

A number of other hedge funds also recently modified their holdings of CTAS. Columbus Macro LLC lifted its holdings in Cintas by 1.2% in 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 during the period. Quent Capital LLC increased its stake in Cintas by 22.8% in the fourth quarter. Quent Capital LLC now owns 97 shares of the business services provider’s stock valued at $59,000 after purchasing an additional 18 shares in the last quarter. Greenleaf Trust increased its stake in Cintas by 1.0% in the third quarter. Greenleaf Trust now owns 1,899 shares of the business services provider’s stock valued at $913,000 after purchasing an additional 19 shares in the last quarter. Catalyst Capital Advisors LLC increased its position in shares of Cintas by 33.9% during the third quarter. Catalyst Capital Advisors LLC now owns 75 shares of the business services provider’s stock worth $36,000 after acquiring an additional 19 shares in the last quarter. Finally, KMG Fiduciary Partners LLC increased its position in shares of Cintas by 1.6% during the third quarter. KMG Fiduciary Partners LLC now owns 1,338 shares of the business services provider’s stock worth $644,000 after acquiring an additional 21 shares in the last quarter. Institutional investors and hedge funds own 63.46% of the company’s stock.

Analyst Upgrades and Downgrades

CTAS has been the subject of several recent research reports. Bank of America boosted their target price on shares of Cintas from $700.00 to $790.00 and gave the stock a “buy” rating in a research report on Thursday, March 28th. The Goldman Sachs Group boosted their target price on shares of Cintas from $673.00 to $765.00 and gave the stock a “buy” rating in a research report on Thursday, March 28th. JPMorgan Chase & Co. upped their price objective on shares of Cintas from $540.00 to $640.00 and gave the stock an “overweight” rating in a research report on Friday, December 22nd. Deutsche Bank Aktiengesellschaft upped their price objective on shares of Cintas from $629.00 to $726.00 and gave the stock a “hold” rating in a research report on Thursday, March 28th. Finally, Robert W. Baird upped their price objective on shares of Cintas from $660.00 to $750.00 and gave the stock an “outperform” rating in a research report on Thursday, March 28th. Six analysts have rated the stock with a hold rating and nine have given a buy rating to the company. Based on data from MarketBeat.com, Cintas has a consensus rating of “Moderate Buy” and a consensus target price of $661.21.

Cintas Stock Performance

Shares of CTAS stock traded down $6.07 during trading on Thursday, reaching $662.44. 212,161 shares of the company’s stock traded hands, compared to its average volume of 342,981. The company has a market capitalization of $67.15 billion, a P/E ratio of 45.94, a PEG ratio of 3.90 and a beta of 1.27. The company has a current ratio of 2.38, a quick ratio of 2.03 and a debt-to-equity ratio of 0.58. The firm’s 50-day moving average is $641.27 and its 200 day moving average is $585.47. Cintas Co. has a 1 year low of $438.59 and a 1 year high of $704.84.

Cintas (NASDAQ:CTAS) last posted its earnings results on Wednesday, March 27th. The business services provider reported $3.84 earnings per share for the quarter, topping analysts’ consensus estimates of $3.58 by $0.26. The business had revenue of $2.41 billion for the quarter, compared to analyst estimates of $2.39 billion. Cintas had a net margin of 15.98% and a return on equity of 37.19%. Cintas’s revenue was up 9.9% on a year-over-year basis. During the same quarter in the prior year, the firm posted $3.14 EPS. Equities research analysts expect that Cintas Co. will post 14.96 EPS for the current year.

Cintas Dividend Announcement

The company also recently announced a quarterly dividend, which will be paid on Friday, June 14th. Investors 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 0.82%. The ex-dividend date is Tuesday, May 14th. Cintas’s dividend payout ratio (DPR) is presently 37.29%.

Cintas Company 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.