Money Concepts Capital Corp Sells 1,274 Shares of Cintas Co. (NASDAQ:CTAS)

Money Concepts Capital Corp reduced its position in shares of Cintas Co. (NASDAQ:CTAS - Free Report) by 8.0% in the 4th quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The firm owned 14,722 shares of the business services provider's stock after selling 1,274 shares during the period. Money Concepts Capital Corp's holdings in Cintas were worth $2,690,000 at the end of the most recent quarter.

A number of other hedge funds have also modified their holdings of the company. Algert Global LLC bought a new stake in Cintas during the 2nd quarter worth about $328,000. B. Riley Wealth Advisors Inc. raised its holdings in Cintas by 18.4% during the second quarter. B. Riley Wealth Advisors Inc. now owns 547 shares of the business services provider's stock worth $383,000 after acquiring an additional 85 shares in the last quarter. Czech National Bank boosted its position in Cintas by 324.7% during the third quarter. Czech National Bank now owns 69,794 shares of the business services provider's stock valued at $14,369,000 after purchasing an additional 53,360 shares during the last quarter. GAMMA Investing LLC grew its stake in Cintas by 392.6% in the third quarter. GAMMA Investing LLC now owns 6,256 shares of the business services provider's stock valued at $1,288,000 after purchasing an additional 4,986 shares in the last quarter. Finally, Diversified Trust Co increased its position in shares of Cintas by 303.2% during the 3rd quarter. Diversified Trust Co now owns 16,336 shares of the business services provider's stock worth $3,363,000 after purchasing an additional 12,284 shares during the last quarter. 63.46% of the stock is currently owned by institutional investors.

Analysts Set New Price Targets

CTAS has been the subject of several analyst reports. Robert W. Baird decreased their target price on shares of Cintas from $209.00 to $200.00 and set a "neutral" rating for the company in a research note on Friday, December 20th. Morgan Stanley lifted their price objective on shares of Cintas from $185.00 to $202.00 and gave the company an "equal weight" rating in a research report on Thursday, December 12th. UBS Group cut their target price on shares of Cintas from $240.00 to $218.00 and set a "buy" 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 price target on shares of Cintas in a report on Friday, December 20th. Finally, Truist Financial dropped their price objective on Cintas from $225.00 to $215.00 and set a "buy" rating on the stock in a research note on Friday, December 20th. Two equities research analysts have rated the stock with a sell rating, nine have issued a hold rating and six have given a buy rating to the stock. Based on data from MarketBeat, the company currently has an average rating of "Hold" and an average target price of $198.46.

Cintas Stock Performance

Cintas stock traded down $2.23 during midday trading on Friday, hitting $202.06. The company's stock had a trading volume of 2,114,634 shares, compared to its average volume of 1,480,585. The company has a debt-to-equity ratio of 0.47, a current ratio of 1.58 and a quick ratio of 1.38. The company has a market cap of $81.54 billion, a price-to-earnings ratio of 48.72, a PEG ratio of 3.95 and a beta of 1.38. Cintas Co. has a 1-year low of $150.70 and a 1-year high of $228.12. The company has a 50-day moving average price of $198.88 and a two-hundred day moving average price of $207.00.

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

Cintas Announces Dividend

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