B. Metzler seel. Sohn & Co. AG lowered its stake in Cintas Co. (NASDAQ:CTAS - Free Report) by 2.2% in the fourth quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The fund owned 255,208 shares of the business services provider's stock after selling 5,811 shares during the period. B. Metzler seel. Sohn & Co. AG owned approximately 0.06% of Cintas worth $46,674,000 as of its most recent SEC filing.
Several other hedge funds and other institutional investors also recently made changes to their positions in CTAS. Sound Income Strategies LLC bought a new stake in shares of Cintas in the 4th quarter valued at $27,000. Cyrus J. Lawrence LLC bought a new stake in Cintas during the fourth quarter worth $29,000. Endeavor Private Wealth Inc. acquired a new position in Cintas during the fourth quarter worth approximately $31,000. IAG Wealth Partners LLC increased its holdings in shares of Cintas by 136.8% in the fourth quarter. IAG Wealth Partners LLC now owns 180 shares of the business services provider's stock valued at $33,000 after purchasing an additional 104 shares during the last quarter. Finally, Newbridge Financial Services Group Inc. bought a new position in Cintas in the 4th quarter valued at about $34,000. 63.46% of the stock is owned by institutional investors and hedge funds.
Cintas Stock Performance
Shares of CTAS stock traded down $3.84 during trading hours on Thursday, hitting $204.83. The company's stock had a trading volume of 2,241,691 shares, compared to its average volume of 1,634,933. The company has a 50 day moving average of $201.48 and a 200 day moving average of $204.64. The stock has a market cap of $82.66 billion, a PE ratio of 49.39, a price-to-earnings-growth ratio of 3.98 and a beta of 1.41. Cintas Co. has a 12-month low of $162.16 and a 12-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.
Cintas (NASDAQ:CTAS - Get Free Report) last posted its quarterly earnings data on Wednesday, March 26th. The business services provider reported $1.13 earnings per share (EPS) for the quarter, beating the consensus estimate of $1.05 by $0.08. The business had revenue of $2.61 billion for the quarter, compared to the consensus estimate of $2.60 billion. Cintas had a net margin of 17.23% and a return on equity of 40.62%. The company's revenue was up 8.4% compared to the same quarter last year. During the same period last year, the firm posted $3.84 earnings per share. On average, sell-side analysts forecast that Cintas Co. will post 4.31 EPS for the current fiscal year.
Cintas Announces Dividend
The business also recently disclosed a quarterly dividend, which was paid on Friday, March 14th. Stockholders of record on Friday, February 14th were issued a $0.39 dividend. The ex-dividend date of this dividend was Friday, February 14th. This represents a $1.56 annualized dividend and a dividend yield of 0.76%. Cintas's dividend payout ratio is currently 36.11%.
Analyst Upgrades and Downgrades
A number of analysts have issued reports on the stock. UBS Group boosted their price objective on shares of Cintas from $218.00 to $240.00 and gave the company a "buy" rating in a report on Thursday, March 27th. Truist Financial lifted their target price on shares of Cintas from $215.00 to $230.00 and gave the stock a "buy" rating in a research report on Thursday, March 27th. Citigroup initiated coverage on shares of Cintas in a research report on Monday, February 24th. They set a "sell" rating and a $161.00 price objective for the company. Morgan Stanley lifted their price target on shares of Cintas from $195.00 to $213.00 and gave the company an "equal weight" rating in a research note on Thursday, March 27th. Finally, Royal Bank of Canada restated a "sector perform" rating and set a $215.00 price objective on shares of Cintas in a research note on Thursday, March 27th. Two research analysts have rated the stock with a sell rating, seven have given a hold rating and five have given a buy rating to the company's stock. Based on data from MarketBeat.com, the stock currently has an average rating of "Hold" and a consensus target price of $210.58.
Read Our Latest Analysis on CTAS
Cintas Company Profile
(
Free Report)
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.
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