QRG Capital Management Inc. Sells 3,956 Shares of Cintas Co. (NASDAQ:CTAS)

QRG Capital Management Inc. trimmed its position in Cintas Co. (NASDAQ:CTAS - Free Report) by 11.6% during the fourth quarter, according to its most recent 13F filing with the SEC. The fund owned 30,215 shares of the business services provider's stock after selling 3,956 shares during the period. QRG Capital Management Inc.'s holdings in Cintas were worth $5,520,000 as of its most recent filing with the SEC.

A number of other hedge funds have also recently bought and sold shares of the company. Guardian Wealth Advisors LLC boosted its position in shares of Cintas by 3.1% in the 4th quarter. Guardian Wealth Advisors LLC now owns 1,741 shares of the business services provider's stock worth $318,000 after purchasing an additional 52 shares during the last quarter. MGB Wealth Management LLC boosted its position in shares of Cintas by 0.7% in the 4th quarter. MGB Wealth Management LLC now owns 7,248 shares of the business services provider's stock worth $1,328,000 after purchasing an additional 52 shares during the last quarter. Aaron Wealth Advisors LLC boosted its position in shares of Cintas by 2.0% in the 4th quarter. Aaron Wealth Advisors LLC now owns 2,803 shares of the business services provider's stock worth $512,000 after purchasing an additional 55 shares during the last quarter. S.A. Mason LLC boosted its position in shares of Cintas by 3.3% in the 4th quarter. S.A. Mason LLC now owns 1,703 shares of the business services provider's stock worth $311,000 after purchasing an additional 55 shares during the last quarter. Finally, Simon Quick Advisors LLC boosted its position in shares of 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 purchasing an additional 63 shares during the last quarter. 63.46% of the stock is currently owned by institutional investors.

Analysts Set New Price Targets

Several research analysts have recently issued reports on the company. Citigroup assumed coverage on Cintas in a research report on Monday, February 24th. They issued a "sell" rating and a $161.00 price target on the stock. Robert W. Baird reduced their price target on Cintas from $209.00 to $200.00 and set a "neutral" rating on the stock in a research report on Friday, December 20th. Morgan Stanley raised their price target on Cintas from $185.00 to $202.00 and gave the stock an "equal weight" rating in a research report on Thursday, December 12th. 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. 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 given a hold rating and six have issued a buy rating to the company. Based on data from MarketBeat.com, Cintas has a consensus rating of "Hold" and an average target price of $199.79.

Cintas Stock Down 0.0 %

Shares of CTAS traded down $0.07 during midday trading on Monday, hitting $207.43. The stock had a trading volume of 1,684,951 shares, compared to its average volume of 1,729,431. The company has a 50 day simple moving average of $197.54 and a two-hundred day simple moving average of $209.05. Cintas Co. has a twelve month low of $154.15 and a twelve month high of $228.12. The firm has a market cap of $83.71 billion, a price-to-earnings ratio of 50.01, a price-to-earnings-growth ratio of 3.98 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 results on Thursday, December 19th. The business services provider reported $1.09 earnings per share (EPS) for the quarter, beating the consensus estimate 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 last year, the business posted $3.61 EPS. The company's revenue for the quarter was up 7.8% on a year-over-year basis. On average, analysts anticipate that Cintas Co. will post 4.31 EPS for the current year.

Cintas Announces Dividend

The business also recently disclosed a quarterly dividend, which will be paid on Friday, March 14th. Stockholders of record on Friday, February 14th will be issued a $0.39 dividend. This represents a $1.56 annualized dividend and a dividend yield of 0.75%. The ex-dividend date of this dividend is Friday, February 14th. Cintas's payout ratio is 37.59%.

Cintas 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.