Accredited Investors Inc. Sells 339 Shares of Cintas Co. (NASDAQ:CTAS)

Accredited Investors Inc. lowered its stake in shares of Cintas Co. (NASDAQ:CTAS) by 14.3% during the fourth quarter, Holdings Channel.com reports. The institutional investor owned 2,030 shares of the business services provider’s stock after selling 339 shares during the quarter. Accredited Investors Inc.’s holdings in Cintas were worth $371,000 at the end of the most recent quarter.

Other hedge funds and other institutional investors also recently made changes to their positions in the company. Guardian Wealth Advisors LLC grew its stake in Cintas by 3.1% during the fourth quarter. Guardian Wealth Advisors LLC now owns 1,741 shares of the business services provider’s stock worth $318,000 after buying an additional 52 shares in the last quarter. MGB Wealth Management LLC grew its stake in 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 in the last quarter. TIAA Trust National Association raised its position in Cintas by 1.0% during the fourth quarter. TIAA Trust National Association now owns 5,380 shares of the business services provider’s stock valued at $983,000 after purchasing an additional 52 shares in the last quarter. Wellspring Financial Advisors LLC grew its holdings in shares of Cintas by 4.6% in the fourth quarter. Wellspring Financial Advisors LLC now owns 1,171 shares of the business services provider’s stock worth $214,000 after purchasing an additional 52 shares during the last quarter. Finally, Aaron Wealth Advisors LLC lifted its position 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 worth $512,000 after purchasing an additional 55 shares during the period. 63.46% of the stock is currently owned by institutional investors and hedge funds.

Insider Activity

In other news, COO Jim Rozakis sold 2,000 shares of the business’s stock in a transaction on Monday, April 7th. The shares were sold at an average price of $190.37, for a total value of $380,740.00. Following the completion of the transaction, the chief operating officer now owns 256,528 shares of the company’s stock, valued at $48,835,235.36. The trade was a 0.77 % decrease in their position. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available at this hyperlink. 15.00% of the stock is currently owned by corporate insiders.

Wall Street Analyst Weigh In

CTAS has been the subject of several recent analyst reports. UBS Group lifted their price target on Cintas from $218.00 to $240.00 and gave the stock a “buy” rating in a research report on Thursday, March 27th. Citigroup assumed coverage on Cintas in a research note on Monday, February 24th. They issued a “sell” rating and a $161.00 price target on the stock. Truist Financial lifted their price target on shares of Cintas from $215.00 to $230.00 and gave the company a “buy” rating in a report on Thursday, March 27th. Robert W. Baird raised their price objective on shares of Cintas from $200.00 to $227.00 and gave the company a “neutral” rating in a research report on Thursday, March 27th. Finally, Bank of America initiated coverage on Cintas in a report on Thursday. They set a “buy” rating and a $250.00 price target on the stock. Two investment analysts have rated the stock with a sell rating, seven have given a hold rating and six have given a buy rating to the stock. According to data from MarketBeat, Cintas presently has a consensus rating of “Hold” and a consensus target price of $213.62.

Cintas Trading Up 7.3 %

Shares of CTAS opened at $203.99 on Thursday. The stock’s 50-day moving average is $200.97 and its two-hundred day moving average is $204.27. The stock has a market cap of $82.32 billion, a PE ratio of 49.18, a P/E/G ratio of 3.98 and a beta of 1.20. Cintas Co. has a 12 month low of $162.16 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.

Cintas (NASDAQ:CTAS) last issued its quarterly earnings results on Wednesday, March 26th. The business services provider reported $1.13 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $1.05 by $0.08. Cintas had a return on equity of 40.62% and a net margin of 17.23%. The firm had revenue of $2.61 billion during the quarter, compared to analyst estimates of $2.60 billion. During the same period last year, the company posted $3.84 EPS. The firm’s quarterly revenue was up 8.4% on a year-over-year basis. Equities analysts forecast that Cintas Co. will post 4.31 earnings per share for the current fiscal year.

Cintas Announces Dividend

The company also recently announced a quarterly dividend, which will be paid on Friday, June 13th. Stockholders of record on Thursday, May 15th will be paid a $0.39 dividend. This represents a $1.56 dividend on an annualized basis and a dividend yield of 0.76%. Cintas’s dividend payout ratio (DPR) is currently 36.11%.

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.