Sanctuary Advisors LLC Acquires 4,281 Shares of Cintas Co. (NASDAQ:CTAS)

Sanctuary Advisors LLC raised its position in Cintas Co. (NASDAQ:CTAS - Free Report) by 7.5% during the fourth quarter, according to the company in its most recent disclosure with the SEC. The firm owned 61,744 shares of the business services provider's stock after acquiring an additional 4,281 shares during the quarter. Sanctuary Advisors LLC's holdings in Cintas were worth $12,483,000 at the end of the most recent quarter.

Several other institutional investors and hedge funds have also bought and sold shares of CTAS. Guardian Wealth Advisors LLC lifted its position in Cintas by 3.1% during the fourth quarter. Guardian Wealth Advisors LLC now owns 1,741 shares of the business services provider's stock valued at $318,000 after purchasing an additional 52 shares in the last quarter. MGB Wealth Management LLC raised its stake in shares of Cintas by 0.7% in 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 during the period. Aaron Wealth Advisors LLC grew its stake in shares of Cintas by 2.0% during the 4th quarter. Aaron Wealth Advisors LLC now owns 2,803 shares of the business services provider's stock valued at $512,000 after acquiring an additional 55 shares during the period. S.A. Mason LLC grew its stake in shares of Cintas by 3.3% during the 4th quarter. S.A. Mason LLC now owns 1,703 shares of the business services provider's stock valued at $311,000 after acquiring an additional 55 shares during the period. Finally, Simon Quick Advisors LLC increased its holdings in Cintas by 5.5% in the 4th quarter. Simon Quick Advisors LLC now owns 1,213 shares of the business services provider's stock worth $222,000 after acquiring an additional 63 shares in the last quarter. 63.46% of the stock is owned by hedge funds and other institutional investors.

Wall Street Analyst Weigh In

CTAS has been the subject of a number of recent analyst reports. Morgan Stanley upped their price target on shares of Cintas from $185.00 to $202.00 and gave the stock an "equal weight" rating in a research report on Thursday, December 12th. Wells Fargo & Company dropped their price objective on Cintas from $191.00 to $184.00 and set an "underweight" rating for the company in a research note on Friday, December 20th. Royal Bank of Canada reiterated 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 price target on Cintas from $209.00 to $200.00 and set a "neutral" rating for the company in a research note on Friday, December 20th. Finally, Truist Financial reduced their price objective on shares of Cintas from $225.00 to $215.00 and set a "buy" rating on the stock in a research report on Friday, December 20th. Two equities research analysts have rated the stock with a sell rating, nine have assigned a hold rating and six have assigned a buy rating to the stock. According to MarketBeat.com, the company has an average rating of "Hold" and a consensus price target of $198.46.

Cintas Trading Down 0.7 %

CTAS traded down $1.50 on Friday, hitting $204.43. The company had a trading volume of 2,302,558 shares, compared to its average volume of 1,724,269. The business's fifty day simple moving average is $196.67 and its 200 day simple moving average is $207.94. The company has a quick ratio of 1.38, a current ratio of 1.58 and a debt-to-equity ratio of 0.47. Cintas Co. has a 12-month low of $154.15 and a 12-month high of $228.12. The company has a market cap of $82.50 billion, a PE ratio of 49.29, a PEG ratio of 4.02 and a beta of 1.38.

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

Cintas Dividend Announcement

The company 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 $0.39 dividend. This represents a $1.56 annualized dividend and a dividend yield of 0.76%. The ex-dividend date is Friday, February 14th. Cintas's dividend payout ratio is currently 37.61%.

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.