Valeo Financial Advisors LLC Sells 58 Shares of Cintas Co. (NASDAQ:CTAS)

Valeo Financial Advisors LLC reduced its holdings in shares of Cintas Co. (NASDAQ:CTAS) by 0.6% in the 4th quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The fund owned 9,209 shares of the business services provider’s stock after selling 58 shares during the quarter. Valeo Financial Advisors LLC’s holdings in Cintas were worth $1,682,000 at the end of the most recent reporting period.

A number of other hedge funds also recently made changes to their positions in the stock. Financial Management Professionals Inc. grew its position in Cintas by 341.4% during the 3rd quarter. Financial Management Professionals Inc. now owns 128 shares of the business services provider’s stock worth $26,000 after acquiring an additional 99 shares during the last quarter. Hollencrest Capital Management raised its holdings in Cintas by 433.3% during the 3rd quarter. Hollencrest Capital Management now owns 128 shares of the business services provider’s stock worth $26,000 after purchasing an additional 104 shares during the last quarter. Sound Income Strategies LLC bought a new position in Cintas during the fourth quarter worth $27,000. Addison Advisors LLC raised its position in shares of Cintas by 495.7% in the 3rd quarter. Addison Advisors LLC now owns 137 shares of the business services provider’s stock worth $28,000 after acquiring an additional 114 shares in the last quarter. Finally, Endeavor Private Wealth Inc. acquired a new position in Cintas in the fourth quarter valued at approximately $31,000. 63.46% of the stock is currently owned by institutional investors and hedge funds.

Cintas Stock Down 0.9 %

CTAS opened at $204.22 on Friday. Cintas Co. has a fifty-two week low of $152.77 and a fifty-two week high of $228.12. The firm has a market capitalization of $82.41 billion, a P/E ratio of 49.24, a PEG ratio of 3.95 and a beta of 1.38. The company’s 50-day moving average is $197.04 and its 200 day moving average is $207.53. 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 announced its earnings results on Thursday, December 19th. The business services provider reported $1.09 earnings per share for the quarter, topping analysts’ consensus estimates of $1.01 by $0.08. The firm had revenue of $2.56 billion for the quarter, compared to the consensus estimate of $2.56 billion. Cintas had a return on equity of 40.62% and a net margin of 17.23%. The company’s revenue was up 7.8% compared to the same quarter last year. During the same quarter in the previous year, the business earned $3.61 EPS. Research analysts expect that Cintas Co. will post 4.31 earnings per share for the current fiscal year.

Cintas Dividend Announcement

The firm also recently announced a quarterly dividend, which will be paid on Friday, March 14th. Stockholders of record on Friday, February 14th will be paid 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 of this dividend is Friday, February 14th. Cintas’s payout ratio is 37.61%.

Wall Street Analyst Weigh In

A number of equities research analysts have commented on the stock. Royal Bank of Canada restated a “sector perform” rating and issued a $215.00 price target on shares of Cintas in a report on Friday, December 20th. Truist Financial reduced their target price on Cintas from $225.00 to $215.00 and set a “buy” rating for the company in a research note on Friday, December 20th. The Goldman Sachs Group dropped their price target on Cintas from $236.00 to $211.00 and set a “buy” rating on the stock in a research note on Friday, December 20th. Morgan Stanley raised their price objective on Cintas from $185.00 to $202.00 and gave the company an “equal weight” rating in a research note on Thursday, December 12th. Finally, UBS Group lowered their target price on Cintas from $240.00 to $218.00 and set a “buy” rating on the stock in a research report on Friday, December 20th. Two analysts have rated the stock with a sell rating, nine have issued a hold rating and six have issued a buy rating to the company. According to MarketBeat, the company presently has a consensus rating of “Hold” and an average target price 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.