Scalar Gauge Management LLC Sells 4,000 Shares of Cintas Co. (NASDAQ:CTAS)

Scalar Gauge Management LLC decreased its holdings in shares of Cintas Co. (NASDAQ:CTAS - Free Report) by 14.8% during the 4th quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The firm owned 23,000 shares of the business services provider's stock after selling 4,000 shares during the quarter. Cintas makes up approximately 1.9% of Scalar Gauge Management LLC's holdings, making the stock its 16th biggest holding. Scalar Gauge Management LLC's holdings in Cintas were worth $4,202,000 as of its most recent filing with the Securities & Exchange Commission.

Other large investors have also recently bought and sold shares of the company. Guardian Wealth Advisors LLC grew its position in shares of Cintas by 3.1% during the fourth quarter. Guardian Wealth Advisors LLC now owns 1,741 shares of the business services provider's stock worth $318,000 after acquiring an additional 52 shares during the last quarter. MGB Wealth Management LLC boosted its stake in Cintas by 0.7% during the 4th quarter. MGB Wealth Management LLC now owns 7,248 shares of the business services provider's stock valued at $1,328,000 after purchasing an additional 52 shares during the period. TIAA Trust National Association increased its stake in shares of Cintas by 1.0% in the fourth quarter. TIAA Trust National Association now owns 5,380 shares of the business services provider's stock valued at $983,000 after purchasing an additional 52 shares during the period. Aaron Wealth Advisors LLC raised its holdings in shares of Cintas by 2.0% during the fourth quarter. Aaron Wealth Advisors LLC now owns 2,803 shares of the business services provider's stock valued at $512,000 after buying an additional 55 shares during the last quarter. Finally, S.A. Mason LLC boosted its position in shares of Cintas by 3.3% during the fourth quarter. S.A. Mason LLC now owns 1,703 shares of the business services provider's stock worth $311,000 after buying an additional 55 shares during the period. Institutional investors own 63.46% of the company's stock.

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Cintas Stock Down 1.8 %

NASDAQ:CTAS traded down $3.84 on Thursday, hitting $204.83. 2,241,691 shares of the company's stock traded hands, compared to its average volume of 1,634,933. The firm has a 50-day moving average price of $201.48 and a 200-day moving average price of $204.64. The company has a current ratio of 1.58, a quick ratio of 1.38 and a debt-to-equity ratio of 0.47. The company has a market cap of $82.66 billion, a PE ratio of 49.39, a price-to-earnings-growth ratio of 3.98 and a beta of 1.41. 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 data on Wednesday, March 26th. The business services provider reported $1.13 earnings per share for the quarter, beating the consensus estimate of $1.05 by $0.08. Cintas had a net margin of 17.23% and a return on equity of 40.62%. The firm had revenue of $2.61 billion for the quarter, compared to analyst estimates of $2.60 billion. During the same quarter last year, the firm earned $3.84 earnings per share. The company's revenue for the quarter was up 8.4% on a year-over-year basis. Equities analysts anticipate that Cintas Co. will post 4.31 EPS for the current fiscal year.

Cintas Announces Dividend

The firm also recently declared a quarterly dividend, which was paid on Friday, March 14th. Stockholders of record on Friday, February 14th were given a $0.39 dividend. This represents a $1.56 annualized dividend and a dividend yield of 0.76%. The ex-dividend date of this dividend was Friday, February 14th. Cintas's dividend payout ratio is currently 36.11%.

Analysts Set New Price Targets

A number of brokerages have issued reports on CTAS. Truist Financial boosted their price target on Cintas from $215.00 to $230.00 and gave the stock a "buy" rating in a research report on Thursday, March 27th. UBS Group increased their target price on shares of Cintas from $218.00 to $240.00 and gave the company a "buy" rating in a research report on Thursday, March 27th. Robert W. Baird raised their target price on shares of Cintas from $200.00 to $227.00 and gave the company a "neutral" rating in a research note on Thursday, March 27th. Citigroup initiated coverage on shares of Cintas in a research note on Monday, February 24th. They issued a "sell" rating and a $161.00 price target for the company. Finally, Morgan Stanley raised their price objective on shares of Cintas from $195.00 to $213.00 and gave the company an "equal weight" rating in a research note on Thursday, March 27th. Two equities research analysts have rated the stock with a sell rating, seven have issued a hold rating and five have assigned a buy rating to the company's stock. Based on data from MarketBeat, the company presently has a consensus rating of "Hold" and a consensus price target of $210.58.

About Cintas

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.