Cintas Co. (NASDAQ:CTAS) Stock Holdings Lessened by Clearbridge Investments LLC

Clearbridge Investments LLC reduced its stake in shares of Cintas Co. (NASDAQ:CTAS) by 3.2% in the 4th quarter, according to the company in its most recent Form 13F filing with the SEC. The firm owned 1,059,592 shares of the business services provider’s stock after selling 35,042 shares during the quarter. Clearbridge Investments LLC’s holdings in Cintas were worth $193,587,000 as of its most recent filing with the SEC.

A number of other institutional investors and hedge funds have also recently added to or reduced their stakes in CTAS. Guardian Wealth Advisors LLC grew its stake in Cintas by 3.1% in the fourth quarter. Guardian Wealth Advisors LLC now owns 1,741 shares of the business services provider’s stock valued at $318,000 after purchasing an additional 52 shares in the last quarter. MGB Wealth Management LLC lifted its holdings in shares of Cintas by 0.7% during 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 buying an additional 52 shares during the last quarter. TIAA Trust National Association grew its stake in shares of Cintas by 1.0% in the 4th quarter. TIAA Trust National Association now owns 5,380 shares of the business services provider’s stock valued at $983,000 after buying an additional 52 shares in the last quarter. Aaron Wealth Advisors LLC increased its holdings in Cintas by 2.0% in the fourth quarter. Aaron Wealth Advisors LLC now owns 2,803 shares of the business services provider’s stock worth $512,000 after buying an additional 55 shares during the last quarter. Finally, S.A. Mason LLC increased its stake in shares of Cintas by 3.3% during the 4th quarter. S.A. Mason LLC now owns 1,703 shares of the business services provider’s stock worth $311,000 after purchasing an additional 55 shares during the last quarter. 63.46% of the stock is owned by hedge funds and other institutional investors.

Cintas Stock Down 1.5 %

CTAS stock opened at $203.22 on Monday. Cintas Co. has a twelve month low of $162.16 and a twelve month high of $228.12. The company has a quick ratio of 1.38, a current ratio of 1.58 and a debt-to-equity ratio of 0.47. The company has a market cap of $82.01 billion, a PE ratio of 49.00, a price-to-earnings-growth ratio of 3.98 and a beta of 1.41. The business’s 50-day simple moving average is $201.01 and its 200 day simple moving average is $204.62.

Cintas (NASDAQ:CTAS) last announced its quarterly earnings data on Wednesday, March 26th. The business services provider reported $1.13 earnings per share for the quarter, topping the consensus estimate of $1.05 by $0.08. The company had revenue of $2.61 billion for the quarter, compared to analyst estimates of $2.60 billion. Cintas had a return on equity of 40.62% and a net margin of 17.23%. Cintas’s revenue for the quarter was up 8.4% compared to the same quarter last year. During the same quarter last year, the firm earned $3.84 EPS. On average, research analysts anticipate that Cintas Co. will post 4.31 earnings per share for the current year.

Cintas Dividend Announcement

The firm also recently disclosed a quarterly dividend, which was paid on Friday, March 14th. Stockholders of record on Friday, February 14th were issued a dividend of $0.39 per share. This represents a $1.56 dividend on an annualized basis and a dividend yield of 0.77%. The ex-dividend date was Friday, February 14th. Cintas’s payout ratio is 36.11%.

Analysts Set New Price Targets

A number of equities research analysts recently issued reports on the stock. Citigroup assumed coverage on shares of Cintas in a report on Monday, February 24th. They issued a “sell” rating and a $161.00 price objective for the company. Royal Bank of Canada reissued a “sector perform” rating and issued a $215.00 price objective on shares of Cintas in a research note on Thursday. Morgan Stanley increased their price target on Cintas from $195.00 to $213.00 and gave the company an “equal weight” rating in a report on Thursday. Robert W. Baird lifted their price target on shares of Cintas from $200.00 to $227.00 and gave the company a “neutral” rating in a research report on Thursday. Finally, Truist Financial upped their price objective on shares of Cintas from $215.00 to $230.00 and gave the stock a “buy” rating in a report on Thursday. Two analysts have rated the stock with a sell rating, eight have assigned a hold rating and five have given a buy rating to the company. According to data from MarketBeat.com, the stock has an average rating of “Hold” and a consensus price target of $210.58.

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.