Cintas Co. (NASDAQ:CTAS) Shares Sold by Callahan Advisors LLC

Callahan Advisors LLC lowered its position in Cintas Co. (NASDAQ:CTAS - Free Report) by 3.6% during the fourth quarter, according to its most recent disclosure with the Securities and Exchange Commission. The fund owned 36,016 shares of the business services provider's stock after selling 1,336 shares during the quarter. Callahan Advisors LLC's holdings in Cintas were worth $6,580,000 as of its most recent filing with the Securities and Exchange Commission.

A number of other hedge funds and other institutional investors have also recently added to or reduced their stakes in CTAS. C2P Capital Advisory Group LLC d.b.a. Prosperity Capital Advisors purchased a new position in Cintas in the fourth quarter valued at about $879,000. Kestra Investment Management LLC purchased a new position in Cintas in the fourth quarter valued at about $55,000. Venturi Wealth Management LLC raised its position in Cintas by 10.2% in the fourth quarter. Venturi Wealth Management LLC now owns 12,172 shares of the business services provider's stock valued at $2,224,000 after purchasing an additional 1,125 shares during the period. Truist Financial Corp raised its position in Cintas by 11.8% in the fourth quarter. Truist Financial Corp now owns 42,238 shares of the business services provider's stock valued at $7,717,000 after purchasing an additional 4,447 shares during the period. Finally, CIBC Asset Management Inc raised its position in Cintas by 3.6% in the fourth quarter. CIBC Asset Management Inc now owns 122,390 shares of the business services provider's stock valued at $22,361,000 after purchasing an additional 4,239 shares during the period. Institutional investors and hedge funds own 63.46% of the company's stock.

Cintas Stock Down 0.7 %

Cintas stock traded down $1.50 during midday trading on Friday, hitting $204.43. The stock had a trading volume of 2,302,558 shares, compared to its average volume of 1,724,269. The company has a current ratio of 1.58, a quick ratio of 1.38 and a debt-to-equity ratio of 0.47. The stock has a market cap of $82.50 billion, a P/E ratio of 49.29, a P/E/G ratio of 4.02 and a beta of 1.38. Cintas Co. has a 12 month low of $154.15 and a 12 month high of $228.12. The business has a fifty day moving average price of $196.53 and a 200 day moving average price of $208.08.

Cintas (NASDAQ:CTAS - Get Free Report) last announced its quarterly earnings data on Thursday, December 19th. The business services provider reported $1.09 earnings per share for the quarter, beating the consensus estimate of $1.01 by $0.08. The firm had revenue of $2.56 billion during the quarter, compared to analyst estimates of $2.56 billion. Cintas had a return on equity of 40.62% and a net margin of 17.23%. Cintas's quarterly revenue was up 7.8% on a year-over-year basis. During the same period in the previous year, the company earned $3.61 earnings per share. Research analysts predict that Cintas Co. will post 4.31 EPS for the current year.

Cintas Announces Dividend

The business also recently announced a quarterly dividend, which will be paid on Friday, March 14th. Shareholders of record on Friday, February 14th will be paid a $0.39 dividend. The ex-dividend date of this dividend is Friday, February 14th. This represents a $1.56 dividend on an annualized basis and a yield of 0.76%. Cintas's payout ratio is currently 37.61%.

Analyst Ratings Changes

CTAS has been the topic of several research reports. Robert W. Baird cut their price objective on Cintas from $209.00 to $200.00 and set a "neutral" rating on the stock in a research report on Friday, December 20th. Royal Bank of Canada reissued a "sector perform" rating and issued a $215.00 price objective on shares of Cintas in a research report on Friday, December 20th. UBS Group cut their price objective on Cintas from $240.00 to $218.00 and set a "buy" rating on the stock in a research report on Friday, December 20th. Truist Financial dropped 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. Finally, 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. Two investment analysts have rated the stock with a sell rating, nine have given a hold rating and six have given a buy rating to the company's stock. Based on data from MarketBeat.com, Cintas presently has an average rating of "Hold" and a consensus price target 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.