Cintas Co. (NASDAQ:CTAS) Stock Holdings Lowered by IHT Wealth Management LLC

IHT Wealth Management LLC lowered its position in Cintas Co. (NASDAQ:CTAS) by 0.7% during the 4th quarter, Holdings Channel.com reports. The firm owned 31,518 shares of the business services provider’s stock after selling 225 shares during the quarter. IHT Wealth Management LLC’s holdings in Cintas were worth $5,758,000 as of its most recent filing with the Securities and Exchange Commission.

Several other large investors have also recently added to or reduced their stakes in the business. Guardian Wealth Advisors LLC raised its position in shares of 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 buying an additional 52 shares in the last quarter. MGB Wealth Management LLC raised 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 worth $1,328,000 after buying an additional 52 shares in the last quarter. TIAA Trust National Association lifted its position in shares of Cintas by 1.0% during the 4th quarter. TIAA Trust National Association now owns 5,380 shares of the business services provider’s stock worth $983,000 after buying an additional 52 shares during the last quarter. Wellspring Financial Advisors LLC boosted its stake in Cintas by 4.6% in the fourth quarter. Wellspring Financial Advisors LLC now owns 1,171 shares of the business services provider’s stock valued at $214,000 after buying an additional 52 shares in the last quarter. Finally, Aaron Wealth Advisors LLC grew its position 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 valued at $512,000 after acquiring an additional 55 shares during the last quarter. 63.46% of the stock is currently owned by institutional investors and hedge funds.

Analyst Upgrades and Downgrades

CTAS has been the topic of a number of research analyst reports. Citigroup assumed coverage on shares of Cintas in a research report on Monday, February 24th. They issued a “sell” rating and a $161.00 target price on the stock. Truist Financial increased their price objective on Cintas from $215.00 to $230.00 and gave the company a “buy” rating in a report on Thursday, March 27th. Bank of America began coverage on Cintas in a research note on Thursday, April 10th. They issued a “buy” rating and a $250.00 price target for the company. Royal Bank of Canada reaffirmed a “sector perform” rating and issued a $215.00 price objective on shares of Cintas in a research note on Thursday, March 27th. Finally, Wells Fargo & Company upped their price target on shares of Cintas from $184.00 to $196.00 and gave the company an “underweight” rating in a research report on Thursday, March 27th. Two research analysts have rated the stock with a sell rating, seven have given a hold rating and six have issued a buy rating to the company. According to data from MarketBeat, the company presently has a consensus rating of “Hold” and an average price target of $213.62.

Cintas Price Performance

Shares of NASDAQ:CTAS opened at $205.76 on Monday. Cintas Co. has a twelve month low of $162.16 and a twelve month high of $228.12. The company has a current ratio of 1.58, a quick ratio of 1.38 and a debt-to-equity ratio of 0.47. The company has a market cap of $83.08 billion, a PE ratio of 49.61, a price-to-earnings-growth ratio of 3.98 and a beta of 1.20. The company’s 50 day moving average is $201.42 and its 200 day moving average is $204.32.

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

Cintas Announces Dividend

The business also recently declared a quarterly dividend, which will be paid on Friday, June 13th. Investors of record on Thursday, May 15th will be issued a dividend of $0.39 per share. This represents a $1.56 dividend on an annualized basis and a dividend yield of 0.76%. The ex-dividend date is Thursday, May 15th. Cintas’s dividend payout ratio is currently 36.11%.

Insider Activity

In other news, Director Ronald W. Tysoe sold 8,521 shares of the stock in a transaction dated Monday, April 14th. The shares were sold at an average price of $208.96, for a total transaction of $1,780,548.16. Following the transaction, the director now owns 27,029 shares of the company’s stock, valued at approximately $5,647,979.84. This trade represents a 23.97 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which is accessible through this hyperlink. Also, COO Jim Rozakis sold 2,000 shares of Cintas stock in a transaction dated Monday, April 7th. The shares were sold at an average price of $190.37, for a total transaction of $380,740.00. Following the completion of the transaction, the chief operating officer now directly owns 256,528 shares of the company’s stock, valued at $48,835,235.36. This trade represents a 0.77 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders own 15.00% of the company’s stock.

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.