Cintas Co. (NASDAQ:CTAS) Shares Sold by Vestmark Advisory Solutions Inc.

Vestmark Advisory Solutions Inc. decreased its holdings in shares of Cintas Co. (NASDAQ:CTAS) by 1.3% in the 4th quarter, Holdings Channel.com reports. The fund owned 19,533 shares of the business services provider’s stock after selling 253 shares during the quarter. Vestmark Advisory Solutions Inc.’s holdings in Cintas were worth $3,569,000 at the end of the most recent quarter.

Other institutional investors and hedge funds also recently added to or reduced their stakes in the company. Guardian Wealth Advisors LLC increased its position in shares of Cintas by 3.1% during the 4th quarter. Guardian Wealth Advisors LLC now owns 1,741 shares of the business services provider’s stock worth $318,000 after purchasing an additional 52 shares during the last quarter. MGB Wealth Management LLC increased its position in shares of Cintas by 0.7% during the fourth 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 during the last quarter. Aaron Wealth Advisors LLC raised its stake in shares of 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 during the period. S.A. Mason LLC lifted its holdings in shares of Cintas by 3.3% in the 4th quarter. S.A. Mason LLC now owns 1,703 shares of the business services provider’s stock worth $311,000 after acquiring an additional 55 shares during the last quarter. Finally, Simon Quick Advisors LLC lifted its holdings in shares of Cintas by 5.5% in the 4th quarter. Simon Quick Advisors LLC now owns 1,213 shares of the business services provider’s stock worth $222,000 after acquiring an additional 63 shares during the last quarter. Hedge funds and other institutional investors own 63.46% of the company’s stock.

Cintas Stock Performance

NASDAQ:CTAS opened at $200.60 on Friday. Cintas Co. has a 12 month low of $154.15 and a 12 month high of $228.12. 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 $80.95 billion, a PE ratio of 48.37, a price-to-earnings-growth ratio of 3.98 and a beta of 1.38. The business’s fifty day moving average price is $198.51 and its 200 day moving average price is $209.06.

Cintas (NASDAQ:CTAS) last posted its 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. Cintas had a return on equity of 40.62% and a net margin of 17.23%. The firm had revenue of $2.56 billion during the quarter, compared to analysts’ expectations of $2.56 billion. During the same quarter in the previous year, the business earned $3.61 earnings per share. The firm’s revenue was up 7.8% compared to the same quarter last year. On average, sell-side analysts anticipate that Cintas Co. will post 4.31 earnings per share for the current fiscal year.

Cintas Announces Dividend

The business also recently declared a quarterly dividend, which will be paid on Friday, March 14th. Investors of record on Friday, February 14th will be paid a dividend of $0.39 per share. The ex-dividend date is Friday, February 14th. This represents a $1.56 annualized dividend and a yield of 0.78%. Cintas’s dividend payout ratio is currently 37.59%.

Analysts Set New Price Targets

A number of brokerages have issued reports on CTAS. The Goldman Sachs Group cut their target price on Cintas from $236.00 to $211.00 and set a “buy” rating on the stock in a research report on Friday, December 20th. Morgan Stanley boosted their price objective on Cintas from $185.00 to $202.00 and gave the company an “equal weight” rating in a report on Thursday, December 12th. Truist Financial lowered their target price on Cintas from $225.00 to $215.00 and set a “buy” rating for the company in a report on Friday, December 20th. Royal Bank of Canada reiterated a “sector perform” rating and set a $215.00 price target on shares of Cintas in a research note on Friday, December 20th. Finally, Citigroup started coverage on shares of Cintas in a research note on Monday, February 24th. They issued a “sell” rating and a $161.00 price objective for the company. Two analysts have rated the stock with a sell rating, nine have assigned a hold rating and six have issued a buy rating to the company’s stock. Based on data from MarketBeat.com, Cintas currently has a consensus rating of “Hold” and a consensus target price of $199.79.

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.