WR Wealth Planners LLC Has $88,000 Position in Cintas Co. (NASDAQ:CTAS)

WR Wealth Planners LLC reduced its stake in shares of Cintas Co. (NASDAQ:CTAS) by 23.1% in the 4th quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 483 shares of the business services provider’s stock after selling 145 shares during the quarter. WR Wealth Planners LLC’s holdings in Cintas were worth $88,000 as of its most recent SEC filing.

Several other large investors also recently made changes to their positions in CTAS. Guardian Wealth Advisors LLC raised its holdings in Cintas by 3.1% in the 4th quarter. Guardian Wealth Advisors LLC now owns 1,741 shares of the business services provider’s stock valued at $318,000 after acquiring an additional 52 shares in the last quarter. MGB Wealth Management LLC raised its holdings in Cintas by 0.7% in the 4th quarter. MGB Wealth Management LLC now owns 7,248 shares of the business services provider’s stock valued at $1,328,000 after acquiring an additional 52 shares in the last quarter. Aaron Wealth Advisors LLC raised its holdings in Cintas by 2.0% in the 4th quarter. Aaron Wealth Advisors LLC now owns 2,803 shares of the business services provider’s stock valued at $512,000 after acquiring an additional 55 shares in the last quarter. S.A. Mason LLC raised its holdings in Cintas by 3.3% in the 4th quarter. S.A. Mason LLC now owns 1,703 shares of the business services provider’s stock valued at $311,000 after acquiring an additional 55 shares in the last quarter. Finally, Simon Quick Advisors LLC raised its holdings in shares of Cintas by 5.5% during the 4th quarter. Simon Quick Advisors LLC now owns 1,213 shares of the business services provider’s stock worth $222,000 after buying an additional 63 shares in the last quarter. Institutional investors own 63.46% of the company’s stock.

Wall Street Analyst Weigh In

A number of equities analysts have recently commented on CTAS shares. Truist Financial lowered their price target on Cintas from $225.00 to $215.00 and set a “buy” rating for the company in a report on Friday, December 20th. Wells Fargo & Company lowered their price target on Cintas from $191.00 to $184.00 and set an “underweight” rating for the company in a report on Friday, December 20th. UBS Group lowered their price target on Cintas from $240.00 to $218.00 and set a “buy” rating for the company in a report on Friday, December 20th. Robert W. Baird lowered their target price on Cintas from $209.00 to $200.00 and set a “neutral” rating for the company in a report on Friday, December 20th. Finally, Morgan Stanley upped their target price on Cintas from $185.00 to $202.00 and gave the stock an “equal weight” rating in a report on Thursday, December 12th. Two equities research analysts have rated the stock with a sell rating, nine have assigned a hold rating and six have issued a buy rating to the stock. According to data from MarketBeat.com, the company has a consensus rating of “Hold” and a consensus price target of $199.79.

Cintas Trading Up 2.0 %

CTAS opened at $207.50 on Friday. Cintas Co. has a one year low of $154.15 and a one year high of $228.12. The business has a 50 day simple moving average of $197.13 and a two-hundred day simple moving average of $208.81. The company has a debt-to-equity ratio of 0.47, a current ratio of 1.58 and a quick ratio of 1.38. The firm has a market capitalization of $83.74 billion, a price-to-earnings ratio of 50.03, a PEG ratio of 3.98 and a beta of 1.38.

Cintas (NASDAQ:CTAS) last posted its quarterly earnings results on Thursday, December 19th. The business services provider reported $1.09 earnings per share for the quarter, topping the consensus estimate of $1.01 by $0.08. The company had revenue of $2.56 billion for the quarter, compared to the consensus estimate of $2.56 billion. Cintas had a return on equity of 40.62% and a net margin of 17.23%. The firm’s quarterly revenue was up 7.8% compared to the same quarter last year. During the same quarter in the prior year, the business posted $3.61 EPS. Analysts predict that Cintas Co. will post 4.31 EPS for the current year.

Cintas Dividend Announcement

The company also recently declared a quarterly dividend, which will be paid on Friday, March 14th. Stockholders of record on Friday, February 14th will be issued a dividend of $0.39 per share. The ex-dividend date is Friday, February 14th. This represents a $1.56 annualized dividend and a dividend yield of 0.75%. Cintas’s payout ratio is 37.59%.

Cintas 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.