Nicholas Hoffman & Company LLC. lessened its stake in Cintas Co. (NASDAQ:CTAS - Free Report) by 44.5% in the fourth quarter, according to its most recent filing with the Securities & Exchange Commission. The institutional investor owned 1,537 shares of the business services provider's stock after selling 1,232 shares during the period. Nicholas Hoffman & Company LLC.'s holdings in Cintas were worth $281,000 at the end of the most recent quarter.
Several other large investors also recently made changes to their positions in CTAS. Financial Management Professionals Inc. boosted its position in shares of Cintas by 341.4% during the 3rd quarter. Financial Management Professionals Inc. now owns 128 shares of the business services provider's stock valued at $26,000 after purchasing an additional 99 shares in the last quarter. Hollencrest Capital Management boosted its position 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 valued at $26,000 after purchasing an additional 104 shares in the last quarter. Sound Income Strategies LLC bought a new position in shares of Cintas during the 4th quarter valued at about $27,000. Addison Advisors LLC boosted its position in shares of Cintas by 495.7% during the 3rd quarter. Addison Advisors LLC now owns 137 shares of the business services provider's stock valued at $28,000 after purchasing an additional 114 shares in the last quarter. Finally, Endeavor Private Wealth Inc. purchased a new stake in Cintas during the fourth quarter valued at about $31,000. Institutional investors own 63.46% of the company's stock.
Analyst Upgrades and Downgrades
CTAS has been the subject of a number of analyst reports. The Goldman Sachs Group reduced their price objective on shares of Cintas from $236.00 to $211.00 and set a "buy" rating for the company in a research note on Friday, December 20th. Robert W. Baird reduced their price objective 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. Royal Bank of Canada reaffirmed a "sector perform" rating and set a $215.00 price objective on shares of Cintas in a research note on Friday, December 20th. Morgan Stanley upped their price objective on shares of Cintas from $185.00 to $202.00 and gave the company an "equal weight" rating in a research note on Thursday, December 12th. Finally, Truist Financial reduced their price objective on shares of Cintas from $225.00 to $215.00 and set a "buy" rating for the company in a research note on Friday, December 20th. Two investment analysts have rated the stock with a sell rating, nine have assigned a hold rating and six have assigned a buy rating to the company. According to data from MarketBeat, the stock presently has a consensus rating of "Hold" and a consensus target price of $198.46.
Check Out Our Latest Stock Analysis on Cintas
Cintas Stock Down 0.7 %
NASDAQ:CTAS traded down $1.50 during mid-day trading on Friday, reaching $204.43. The stock had a trading volume of 2,302,558 shares, compared to its average volume of 1,724,269. The business's 50 day moving average is $196.53 and its 200 day moving average is $208.08. Cintas Co. has a fifty-two week low of $154.15 and a fifty-two week high of $228.12. The stock has a market cap of $82.50 billion, a P/E ratio of 49.29, a PEG ratio of 4.02 and a beta of 1.38. The company has a debt-to-equity ratio of 0.47, a current ratio of 1.58 and a quick ratio of 1.38.
Cintas (NASDAQ:CTAS - Get Free Report) last released its quarterly earnings data 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. Cintas had a return on equity of 40.62% and a net margin of 17.23%. The firm had revenue of $2.56 billion for the quarter, compared to the consensus estimate of $2.56 billion. During the same quarter in the prior year, the company posted $3.61 earnings per share. The firm's 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 issued 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 dividend payout ratio is currently 37.61%.
Cintas Company Profile
(
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.
Read More
Before you consider Cintas, you'll want to hear this.
MarketBeat keeps track of Wall Street's top-rated and best performing research analysts and the stocks they recommend to their clients on a daily basis. MarketBeat has identified the five stocks that top analysts are quietly whispering to their clients to buy now before the broader market catches on... and Cintas wasn't on the list.
While Cintas currently has a "Hold" rating among analysts, top-rated analysts believe these five stocks are better buys.
View The Five Stocks Here
MarketBeat just released its list of 10 cheap stocks that have been overlooked by the market and may be seriously undervalued. Enter your email address and below to see which companies made the list.
Get This Free Report
Like this article? Share it with a colleague.
Link copied to clipboard.
