Boston Research & Management Inc. Sells 500 Shares of Cintas Co. (NASDAQ:CTAS)

Boston Research & Management Inc. trimmed its position in shares of Cintas Co. (NASDAQ:CTAS) by 2.3% in the fourth quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The firm owned 21,300 shares of the business services provider’s stock after selling 500 shares during the period. Boston Research & Management Inc.’s holdings in Cintas were worth $3,891,000 as of its most recent SEC filing.

A number of other institutional investors have also made changes to their positions in the business. Guardian Wealth Advisors LLC increased its position in Cintas by 3.1% in the 4th 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 during the period. MGB Wealth Management LLC increased its position 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 worth $1,328,000 after acquiring an additional 52 shares during the period. TIAA Trust National Association raised its stake in Cintas by 1.0% during the 4th 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 during the last quarter. Aaron Wealth Advisors LLC boosted its holdings 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 period. Finally, S.A. Mason LLC grew its position in 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 purchasing an additional 55 shares during the last quarter. 63.46% of the stock is currently owned by institutional investors.

Analyst Upgrades and Downgrades

A number of analysts have commented on CTAS shares. The Goldman Sachs Group raised their price objective on Cintas from $211.00 to $233.00 and gave the stock a “buy” rating in a research report on Thursday. Robert W. Baird boosted their price target on shares of Cintas from $200.00 to $227.00 and gave the company a “neutral” rating in a report on Thursday. Truist Financial raised 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. Citigroup started coverage on shares of Cintas in a research note on Monday, February 24th. They issued a “sell” rating and a $161.00 target price on the stock. Finally, Morgan Stanley raised their price target on shares of Cintas from $195.00 to $213.00 and gave the stock an “equal weight” rating in a research note on Thursday. Two research analysts have rated the stock with a sell rating, eight have issued a hold rating and five have issued a buy rating to the company. Based on data from MarketBeat, the company has an average rating of “Hold” and a consensus target price of $210.58.

Cintas Stock Down 1.5 %

NASDAQ CTAS opened at $203.22 on Monday. The stock has a market capitalization of $82.01 billion, a P/E ratio of 49.00, a price-to-earnings-growth ratio of 3.98 and a beta of 1.41. Cintas Co. has a 52 week low of $162.16 and a 52 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 stock has a fifty day moving average of $201.01 and a 200-day moving average of $204.62.

Cintas (NASDAQ:CTAS) last announced its quarterly earnings data on Wednesday, March 26th. The business services provider reported $1.13 EPS for the quarter, topping 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 earned $3.84 earnings per share. The company’s revenue was up 8.4% on a year-over-year basis. On average, equities research analysts forecast that Cintas Co. will post 4.31 EPS for the current year.

Cintas Announces Dividend

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

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.