Hennion & Walsh Asset Management Inc. Sells 7,036 Shares of Cintas Corporation $CTAS

Hennion & Walsh Asset Management Inc. trimmed its stake in Cintas Corporation (NASDAQ:CTAS) by 24.7% in the 4th quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor owned 21,458 shares of the business services provider’s stock after selling 7,036 shares during the period. Hennion & Walsh Asset Management Inc.’s holdings in Cintas were worth $4,036,000 at the end of the most recent reporting period.

A number of other institutional investors also recently bought and sold shares of CTAS. Two Sigma Investments LP grew its holdings in Cintas by 5,641.3% during the third quarter. Two Sigma Investments LP now owns 1,016,671 shares of the business services provider’s stock valued at $208,682,000 after purchasing an additional 998,963 shares during the period. SG Americas Securities LLC increased its position in Cintas by 2,653.0% in the fourth quarter. SG Americas Securities LLC now owns 1,003,031 shares of the business services provider’s stock worth $188,640,000 after buying an additional 966,597 shares in the last quarter. Voloridge Investment Management LLC raised its stake in shares of Cintas by 275.2% in the third quarter. Voloridge Investment Management LLC now owns 1,123,237 shares of the business services provider’s stock worth $230,556,000 after buying an additional 823,885 shares during the period. Freestone Grove Partners LP raised its stake in shares of Cintas by 5,341.8% in the third quarter. Freestone Grove Partners LP now owns 747,109 shares of the business services provider’s stock worth $153,352,000 after buying an additional 733,380 shares during the period. Finally, Alliancebernstein L.P. lifted its position in shares of Cintas by 125.5% during the 3rd quarter. Alliancebernstein L.P. now owns 1,130,292 shares of the business services provider’s stock valued at $232,004,000 after buying an additional 629,065 shares in the last quarter. 63.46% of the stock is owned by institutional investors.

Cintas Price Performance

CTAS stock opened at $168.66 on Tuesday. The company has a debt-to-equity ratio of 0.51, a quick ratio of 1.74 and a current ratio of 1.98. The company’s fifty day moving average price is $192.41 and its 200-day moving average price is $191.16. Cintas Corporation has a one year low of $165.60 and a one year high of $229.24. The company has a market capitalization of $67.45 billion, a PE ratio of 49.17, a price-to-earnings-growth ratio of 2.97 and a beta of 0.95.

Cintas (NASDAQ:CTAS) last posted its earnings results on Wednesday, March 25th. The business services provider reported $1.24 earnings per share for the quarter, meeting the consensus estimate of $1.24. The company had revenue of $2.84 billion during the quarter, compared to analysts’ expectations of $2.82 billion. Cintas had a net margin of 17.57% and a return on equity of 41.47%. Cintas’s quarterly revenue was up 8.9% on a year-over-year basis. During the same period last year, the company posted $1.13 earnings per share. On average, equities analysts anticipate that Cintas Corporation will post 4.31 EPS for the current fiscal year.

Cintas Dividend Announcement

The company also recently disclosed a quarterly dividend, which was paid on Friday, March 13th. Stockholders of record on Friday, February 13th were given a dividend of $0.45 per share. The ex-dividend date was Friday, February 13th. This represents a $1.80 dividend on an annualized basis and a dividend yield of 1.1%. Cintas’s dividend payout ratio (DPR) is presently 52.48%.

Analysts Set New Price Targets

A number of research analysts recently issued reports on the company. Royal Bank Of Canada reiterated a “sector perform” rating and set a $206.00 price objective on shares of Cintas in a research note on Friday, December 19th. Stifel Nicolaus lowered their price target on shares of Cintas from $222.00 to $190.00 and set a “hold” rating on the stock in a report on Thursday, March 26th. Argus upgraded shares of Cintas to a “strong-buy” rating in a research report on Wednesday, January 21st. UBS Group reissued a “buy” rating on shares of Cintas in a research note on Thursday, March 12th. Finally, Citigroup restated a “sell” rating and set a $181.00 price objective (up from $176.00) on shares of Cintas in a research report on Monday, December 22nd. One investment analyst has rated the stock with a Strong Buy rating, six have issued a Buy rating, six have assigned a Hold rating and one has issued a Sell rating to the company’s stock. According to MarketBeat, the company currently has a consensus rating of “Moderate Buy” and a consensus price target of $216.92.

Cintas Profile

Cintas Corporation (NASDAQ: CTAS) is a provider of business services and products focused on workplace appearance, safety and facility maintenance. The company is best known for its uniform rental and corporate apparel programs, which include rental, leasing and direct-purchase options, laundering and garment repair. Cintas markets its services to a wide range of end-users, including manufacturing, food service, healthcare, hospitality, retail and government customers.

Beyond uniforms, Cintas offers a suite of facility services and products designed to help organizations maintain clean, safe and compliant workplaces.