Cintas Co. (NASDAQ:CTAS) Shares Sold by Blue Trust Inc.

Blue Trust Inc. cut its position in Cintas Co. (NASDAQ:CTAS) by 21.4% in the fourth quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The firm owned 1,000 shares of the business services provider’s stock after selling 273 shares during the quarter. Blue Trust Inc.’s holdings in Cintas were worth $183,000 at the end of the most recent quarter.

A number of other large investors have also recently made changes to their positions in CTAS. Financial Management Professionals Inc. raised its stake in Cintas by 341.4% during the 3rd quarter. Financial Management Professionals Inc. now owns 128 shares of the business services provider’s stock valued at $26,000 after acquiring an additional 99 shares during the last quarter. Hollencrest Capital Management grew 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 valued at $26,000 after buying an additional 104 shares during the last quarter. Sound Income Strategies LLC acquired a new stake in Cintas during the 4th quarter valued at $27,000. Addison Advisors LLC boosted its holdings in shares of Cintas by 495.7% during the third quarter. Addison Advisors LLC now owns 137 shares of the business services provider’s stock worth $28,000 after purchasing an additional 114 shares during the last quarter. Finally, Endeavor Private Wealth Inc. acquired a new stake in shares of Cintas during the fourth quarter worth $31,000. 63.46% of the stock is owned by institutional investors and hedge funds.

Cintas Stock Performance

CTAS opened at $205.93 on Friday. The business’s 50 day moving average is $196.67 and its 200-day moving average is $207.94. The stock has a market cap of $83.10 billion, a PE ratio of 49.65, a price-to-earnings-growth ratio of 3.93 and a beta of 1.38. The company has a current ratio of 1.58, a quick ratio of 1.38 and a debt-to-equity ratio of 0.47. Cintas Co. has a twelve month low of $153.45 and a twelve month high of $228.12.

Cintas (NASDAQ:CTAS) last issued its quarterly earnings results 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. The company had revenue of $2.56 billion during the quarter, compared to the consensus estimate of $2.56 billion. Cintas had a net margin of 17.23% and a return on equity of 40.62%. Cintas’s revenue was up 7.8% on a year-over-year basis. During the same period in the prior year, the company earned $3.61 EPS. On average, analysts predict that Cintas Co. will post 4.31 earnings per share for the current year.

Cintas Dividend Announcement

The business also recently declared a quarterly dividend, which will be paid on Friday, March 14th. Investors of record on Friday, February 14th will be given a $0.39 dividend. The ex-dividend date is Friday, February 14th. This represents a $1.56 dividend on an annualized basis and a dividend yield of 0.76%. Cintas’s dividend payout ratio (DPR) is 37.61%.

Analyst Upgrades and Downgrades

Several research analysts recently weighed in on CTAS shares. Truist Financial cut their target price on Cintas from $225.00 to $215.00 and set a “buy” rating on the stock in a research report on Friday, December 20th. Royal Bank of Canada reaffirmed a “sector perform” rating and set a $215.00 target price on shares of Cintas in a research report on Friday, December 20th. Robert W. Baird dropped their target price on Cintas from $209.00 to $200.00 and set a “neutral” rating on the stock in a research report on Friday, December 20th. The Goldman Sachs Group dropped their target price on Cintas from $236.00 to $211.00 and set a “buy” rating on the stock in a research report on Friday, December 20th. Finally, Wells Fargo & Company decreased their price target on Cintas from $191.00 to $184.00 and set an “underweight” rating for the company in a research note on Friday, December 20th. Two investment 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 a consensus price target of $198.46.

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.