Cintas Co. (NASDAQ:CTAS) Shares Sold by Hall Laurie J Trustee

Hall Laurie J Trustee cut its holdings in Cintas Co. (NASDAQ:CTAS) by 4.2% in the fourth quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The institutional investor owned 5,596 shares of the business services provider’s stock after selling 248 shares during the quarter. Hall Laurie J Trustee’s holdings in Cintas were worth $1,022,000 as of its most recent SEC filing.

A number of other institutional investors have also recently added to or reduced their stakes in the stock. Evergreen Capital Management LLC raised its holdings in shares of Cintas by 4.8% during the second quarter. Evergreen Capital Management LLC now owns 827 shares of the business services provider’s stock valued at $579,000 after acquiring an additional 38 shares during the last quarter. Aaron Wealth Advisors LLC raised its stake 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 purchasing an additional 55 shares during the last quarter. Mercer Global Advisors Inc. ADV lifted its holdings in Cintas by 1.0% in the 2nd quarter. Mercer Global Advisors Inc. ADV now owns 6,664 shares of the business services provider’s stock valued at $5,053,000 after purchasing an additional 65 shares in the last quarter. KPP Advisory Services LLC boosted its stake in Cintas by 19.6% during the 2nd quarter. KPP Advisory Services LLC now owns 434 shares of the business services provider’s stock worth $304,000 after purchasing an additional 71 shares during the last quarter. Finally, First Hawaiian Bank grew its holdings in shares of Cintas by 0.4% during the fourth quarter. First Hawaiian Bank now owns 17,105 shares of the business services provider’s stock worth $3,125,000 after buying an additional 73 shares in the last quarter. Institutional investors and hedge funds own 63.46% of the company’s stock.

Cintas Stock Performance

NASDAQ:CTAS opened at $198.31 on Monday. Cintas Co. has a fifty-two week low of $146.63 and a fifty-two week high of $228.12. The company has a debt-to-equity ratio of 0.47, a quick ratio of 1.38 and a current ratio of 1.58. The company has a 50 day moving average price of $205.21 and a 200 day moving average price of $205.14. The stock has a market capitalization of $80.03 billion, a P/E ratio of 47.81, a PEG ratio of 3.65 and a beta of 1.37.

Cintas (NASDAQ:CTAS) last issued its quarterly earnings data on Thursday, December 19th. The business services provider reported $1.09 earnings per share for the quarter, beating analysts’ consensus estimates of $1.01 by $0.08. Cintas had a return on equity of 40.62% and a net margin of 17.23%. The business had revenue of $2.56 billion during the quarter, compared to analysts’ expectations of $2.56 billion. During the same period in the previous year, the firm posted $3.61 earnings per share. The company’s revenue was up 7.8% on a year-over-year basis. Equities research analysts forecast that Cintas Co. will post 4.31 EPS for the current year.

Cintas Announces Dividend

The firm also recently announced 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. This represents a $1.56 annualized dividend and a yield of 0.79%. The ex-dividend date of this dividend is Friday, February 14th. Cintas’s payout ratio is currently 37.59%.

Wall Street Analyst Weigh In

Several research firms have recently weighed in on CTAS. Truist Financial decreased their price target on shares of Cintas from $225.00 to $215.00 and set a “buy” rating on the stock in a research note on Friday, December 20th. Jefferies Financial Group lowered their target price on Cintas from $730.00 to $200.00 and set a “hold” rating on the stock in a report on Thursday, September 26th. Barclays increased their price target on Cintas from $210.00 to $245.00 and gave the company an “overweight” rating in a report on Friday, September 27th. The Goldman Sachs Group lowered their price objective on Cintas from $236.00 to $211.00 and set a “buy” rating on the stock in a research note on Friday, December 20th. Finally, Robert W. Baird cut their target price on Cintas from $209.00 to $200.00 and set a “neutral” rating for the company in a research note on Friday, December 20th. Two analysts have rated the stock with a sell rating, nine have assigned a hold rating and six have assigned a buy rating to the stock. According to MarketBeat, Cintas presently has a consensus rating of “Hold” and an average price target of $198.46.

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.