Cintas Co. (NASDAQ:CTAS) Shares Sold by Banco Santander S.A.

Banco Santander S.A. decreased its position in Cintas Co. (NASDAQ:CTAS - Free Report) by 18.3% in the 4th quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor owned 106,050 shares of the business services provider's stock after selling 23,698 shares during the quarter. Banco Santander S.A.'s holdings in Cintas were worth $19,375,000 at the end of the most recent quarter.

Several other large investors also recently bought and sold shares of the company. Guardian Wealth Advisors LLC grew its position in shares of Cintas by 3.1% during the fourth 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 in the last quarter. MGB Wealth Management LLC grew its position in shares of 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 buying an additional 52 shares in the last quarter. Aaron Wealth Advisors LLC grew its position in shares of Cintas by 2.0% during the fourth quarter. Aaron Wealth Advisors LLC now owns 2,803 shares of the business services provider's stock worth $512,000 after buying an additional 55 shares in the last quarter. S.A. Mason LLC grew its position in shares of Cintas by 3.3% during the fourth quarter. S.A. Mason LLC now owns 1,703 shares of the business services provider's stock worth $311,000 after buying an additional 55 shares in the last quarter. Finally, Simon Quick Advisors LLC grew its position in shares of Cintas by 5.5% during the fourth quarter. Simon Quick Advisors LLC now owns 1,213 shares of the business services provider's stock worth $222,000 after buying an additional 63 shares in the last quarter. Institutional investors and hedge funds own 63.46% of the company's stock.

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Wall Street Analysts Forecast Growth

A number of research firms have recently weighed in on CTAS. Robert W. Baird decreased their price target on shares of Cintas from $209.00 to $200.00 and set a "neutral" rating for the company in a research report on Friday, December 20th. Truist Financial decreased their price target on shares of Cintas from $225.00 to $215.00 and set a "buy" rating for the company in a research report on Friday, December 20th. UBS Group decreased their price target on shares of Cintas from $240.00 to $218.00 and set a "buy" rating for the company in a research report on Friday, December 20th. Wells Fargo & Company decreased their price objective on shares of Cintas from $191.00 to $184.00 and set an "underweight" rating for the company in a report on Friday, December 20th. Finally, Royal Bank of Canada reaffirmed a "sector perform" rating and issued a $215.00 price objective on shares of Cintas in a report on Friday, December 20th. Two equities research analysts have rated the stock with a sell rating, nine have given a hold rating and six have issued a buy rating to the company's stock. According to MarketBeat, Cintas has a consensus rating of "Hold" and an average price target of $199.79.

Cintas Stock Performance

Shares of CTAS traded up $2.46 during midday trading on Friday, hitting $203.06. 1,804,813 shares of the stock traded hands, compared to its average volume of 1,724,405. Cintas Co. has a 1-year low of $154.15 and a 1-year high of $228.12. The firm has a market capitalization of $81.94 billion, a PE ratio of 48.96, a price-to-earnings-growth ratio of 3.98 and a beta of 1.41. 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 business's 50 day moving average price is $198.90 and its two-hundred day moving average price is $209.23.

Cintas (NASDAQ:CTAS - Get Free Report) last posted its quarterly earnings data on Thursday, December 19th. The business services provider reported $1.09 earnings per share for the quarter, topping the consensus estimate of $1.01 by $0.08. The business 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%. The company's quarterly revenue was up 7.8% compared to the same quarter last year. During the same quarter in the prior year, the company posted $3.61 earnings per share. Equities research analysts predict that Cintas Co. will post 4.31 EPS for the current fiscal year.

Cintas Dividend Announcement

The business also recently disclosed a quarterly dividend, which will be paid on Friday, March 14th. Investors of record on Friday, February 14th will be issued a $0.39 dividend. This represents a $1.56 annualized dividend and a yield of 0.77%. The ex-dividend date is Friday, February 14th. Cintas's payout ratio is currently 37.59%.

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.