Cintas Co. (NASDAQ:CTAS) Stock Holdings Lowered by Nisa Investment Advisors LLC

Nisa Investment Advisors LLC trimmed its holdings in Cintas Co. (NASDAQ:CTAS - Free Report) by 1.6% in the fourth quarter, according to its most recent disclosure with the SEC. The fund owned 174,975 shares of the business services provider's stock after selling 2,796 shares during the period. Nisa Investment Advisors LLC's holdings in Cintas were worth $31,968,000 at the end of the most recent reporting period.

A number of other hedge funds and other institutional investors have also recently made changes to their positions in CTAS. Quarry LP boosted its holdings in shares of Cintas by 500.0% in the second quarter. Quarry LP now owns 108 shares of the business services provider's stock valued at $76,000 after acquiring an additional 90 shares in the last quarter. Financial Management Professionals Inc. increased its position in Cintas by 341.4% during the 3rd quarter. Financial Management Professionals Inc. now owns 128 shares of the business services provider's stock worth $26,000 after purchasing an additional 99 shares during the period. Hollencrest Capital Management raised its stake in shares of Cintas by 433.3% during the 3rd quarter. Hollencrest Capital Management now owns 128 shares of the business services provider's stock worth $26,000 after buying an additional 104 shares in the last quarter. Addison Advisors LLC lifted its holdings in shares of Cintas by 495.7% in the 3rd quarter. Addison Advisors LLC now owns 137 shares of the business services provider's stock valued at $28,000 after buying an additional 114 shares during the period. Finally, Grove Bank & Trust boosted its stake in shares of Cintas by 1,340.0% in the third quarter. Grove Bank & Trust now owns 144 shares of the business services provider's stock valued at $30,000 after buying an additional 134 shares in the last quarter. Hedge funds and other institutional investors own 63.46% of the company's stock.

Analysts Set New Price Targets

Several brokerages have recently commented on CTAS. UBS Group decreased their price target on Cintas from $240.00 to $218.00 and set a "buy" rating on the stock in a research note on Friday, December 20th. Truist Financial dropped their price target on Cintas from $225.00 to $215.00 and set a "buy" rating for the company in a research report on Friday, December 20th. Barclays boosted their price objective on shares of Cintas from $210.00 to $245.00 and gave the stock an "overweight" rating in a research report on Friday, September 27th. The Goldman Sachs Group cut their target price on shares of Cintas from $236.00 to $211.00 and set a "buy" rating for the company in a research report on Friday, December 20th. Finally, Robert W. Baird lowered their price target on shares of Cintas from $209.00 to $200.00 and set a "neutral" rating on the stock in a research report on Friday, December 20th. Two analysts have rated the stock with a sell rating, nine have assigned a hold rating and six have given a buy rating to the company's stock. According to data from MarketBeat.com, the company has a consensus rating of "Hold" and an average price target of $198.46.

Cintas Stock Down 1.1 %

NASDAQ CTAS traded down $2.21 on Wednesday, hitting $199.02. 1,517,346 shares of the stock traded hands, compared to its average volume of 2,083,923. The company has a market capitalization of $80.31 billion, a P/E ratio of 47.99, a price-to-earnings-growth ratio of 3.83 and a beta of 1.37. The stock has a 50-day moving average of $204.22 and a 200 day moving average of $205.67. 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 $148.75 and a twelve month high of $228.12.

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

Cintas Announces Dividend

The firm also recently declared a quarterly dividend, which will be paid on Friday, March 14th. Stockholders of record on Friday, February 14th will be issued a dividend of $0.39 per share. This represents a $1.56 dividend on an annualized basis and a dividend yield of 0.78%. The ex-dividend date is Friday, February 14th. Cintas's dividend payout ratio (DPR) is 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.