Guggenheim Capital LLC reduced its stake in Cintas Co. (NASDAQ:CTAS - Free Report) by 2.7% during the 4th quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The fund owned 144,344 shares of the business services provider's stock after selling 3,995 shares during the period. Guggenheim Capital LLC's holdings in Cintas were worth $26,372,000 as of its most recent SEC filing.
A number of other hedge funds and other institutional investors also recently added to or reduced their stakes in the stock. Barclays PLC lifted its position in Cintas by 340.1% in the third quarter. Barclays PLC now owns 1,089,535 shares of the business services provider's stock valued at $224,312,000 after acquiring an additional 841,952 shares during the last quarter. TD Private Client Wealth LLC grew its position in Cintas by 295.1% during the 3rd quarter. TD Private Client Wealth LLC now owns 885 shares of the business services provider's stock worth $182,000 after purchasing an additional 661 shares during the last quarter. Virtu Financial LLC increased its stake in Cintas by 168.1% in the third quarter. Virtu Financial LLC now owns 14,468 shares of the business services provider's stock valued at $2,979,000 after purchasing an additional 9,072 shares during the period. Morse Asset Management Inc increased its position in Cintas by 299.8% in the 3rd quarter. Morse Asset Management Inc now owns 21,229 shares of the business services provider's stock valued at $4,371,000 after acquiring an additional 15,919 shares during the period. Finally, Wealthquest Corp raised its stake in Cintas by 285.9% during the 3rd quarter. Wealthquest Corp now owns 14,848 shares of the business services provider's stock valued at $3,027,000 after acquiring an additional 11,000 shares during the last quarter. Institutional investors and hedge funds own 63.46% of the company's stock.
Cintas Price Performance
Cintas stock traded up $1.04 during midday trading on Friday, reaching $205.76. 1,712,106 shares of the company were exchanged, compared to its average volume of 1,699,841. The company has a market capitalization of $83.08 billion, a price-to-earnings ratio of 49.61, a P/E/G ratio of 3.98 and a beta of 1.20. 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 firm's 50-day simple moving average is $201.41 and its 200-day simple moving average is $204.31. Cintas Co. has a 1 year low of $162.16 and a 1 year high of $228.12.
Cintas (NASDAQ:CTAS - Get Free Report) last issued its quarterly earnings results on Wednesday, March 26th. The business services provider reported $1.13 EPS for the quarter, topping analysts' consensus estimates of $1.05 by $0.08. The business had revenue of $2.61 billion during 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 quarterly revenue was up 8.4% compared to the same quarter last year. During the same period in the previous year, the firm posted $3.84 earnings per share. On average, analysts anticipate that Cintas Co. will post 4.31 EPS for the current year.
Cintas Announces Dividend
The firm also recently disclosed a quarterly dividend, which will be paid on Friday, June 13th. Stockholders of record on Thursday, May 15th will be given a $0.39 dividend. This represents a $1.56 dividend on an annualized basis and a dividend yield of 0.76%. The ex-dividend date is Thursday, May 15th. Cintas's dividend payout ratio is currently 36.11%.
Analyst Ratings Changes
A number of equities analysts recently weighed in on the stock. Robert W. Baird lifted their price objective on shares of Cintas from $200.00 to $227.00 and gave the company a "neutral" rating in a research report on Thursday, March 27th. Truist Financial raised their price target on Cintas from $215.00 to $230.00 and gave the company a "buy" rating in a report on Thursday, March 27th. UBS Group increased their price objective on Cintas from $218.00 to $240.00 and gave the stock a "buy" rating in a research report on Thursday, March 27th. The Goldman Sachs Group increased their price target on shares of Cintas from $211.00 to $233.00 and gave the company a "buy" rating in a report on Thursday, March 27th. Finally, Morgan Stanley boosted their price objective on shares of Cintas from $195.00 to $213.00 and gave the stock an "equal weight" rating in a report on Thursday, March 27th. Two equities research analysts have rated the stock with a sell rating, seven have assigned a hold rating and six have assigned a buy rating to the stock. According to data from MarketBeat.com, Cintas presently has a consensus rating of "Hold" and an average price target of $213.62.
Read Our Latest Research Report on Cintas
Insider Activity at Cintas
In related news, COO Jim Rozakis sold 2,000 shares of the stock in a transaction on Monday, April 7th. The stock was sold at an average price of $190.37, for a total value of $380,740.00. Following the completion of the sale, the chief operating officer now directly owns 256,528 shares in the company, valued at approximately $48,835,235.36. This represents a 0.77 % decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through the SEC website. Also, Director Ronald W. Tysoe sold 8,521 shares of the company's stock in a transaction dated Monday, April 14th. The stock was sold at an average price of $208.96, for a total value of $1,780,548.16. Following the completion of the sale, the director now directly owns 27,029 shares of the company's stock, valued at $5,647,979.84. The trade was a 23.97 % decrease in their position. The disclosure for this sale can be found here. Insiders own 15.00% of the company's stock.
Cintas Company Profile
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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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