Cintas Co. (NASDAQ:CTAS) Shares Sold by Vontobel Holding Ltd.

Vontobel Holding Ltd. lowered its stake in shares of Cintas Co. (NASDAQ:CTAS - Free Report) by 11.7% during the fourth quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The institutional investor owned 106,573 shares of the business services provider's stock after selling 14,166 shares during the quarter. Vontobel Holding Ltd.'s holdings in Cintas were worth $19,471,000 as of its most recent filing with the Securities and Exchange Commission.

A number of other hedge funds and other institutional investors also recently added to or reduced their stakes in CTAS. Guardian Wealth Advisors LLC raised its stake in Cintas by 3.1% during the 4th 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 in the last quarter. MGB Wealth Management LLC increased its position in shares of Cintas by 0.7% during the fourth 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 in the last quarter. Aaron Wealth Advisors LLC increased its position 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 worth $512,000 after purchasing an additional 55 shares in the last quarter. S.A. Mason LLC increased 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 purchasing an additional 55 shares in the last quarter. Finally, Simon Quick Advisors LLC increased its position in Cintas by 5.5% during the fourth quarter. Simon Quick Advisors LLC now owns 1,213 shares of the business services provider's stock worth $222,000 after buying an additional 63 shares during the period. Institutional investors and hedge funds own 63.46% of the company's stock.

Cintas Stock Performance

NASDAQ CTAS traded down $0.50 on Tuesday, hitting $203.72. 459,780 shares of the company's stock were exchanged, compared to its average volume of 1,667,117. 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 firm's 50-day moving average price is $196.96 and its two-hundred day moving average price is $207.85. Cintas Co. has a fifty-two week low of $152.77 and a fifty-two week high of $228.12. The firm has a market cap of $82.21 billion, a price-to-earnings ratio of 49.11, a P/E/G ratio of 3.95 and a beta of 1.38.

Cintas (NASDAQ:CTAS - Get Free Report) last announced its quarterly earnings data on Thursday, December 19th. The business services provider reported $1.09 earnings per share 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 analyst estimates of $2.56 billion. During the same quarter in the prior year, the company posted $3.61 earnings per share. Cintas's quarterly revenue was up 7.8% on a year-over-year basis. On average, research analysts expect that Cintas Co. will post 4.31 EPS for the current year.

Cintas Dividend Announcement

The business also recently announced a quarterly dividend, which will be paid on Friday, March 14th. Shareholders of record on Friday, February 14th will be given a dividend of $0.39 per share. The ex-dividend date of this dividend is Friday, February 14th. This represents a $1.56 annualized dividend and a yield of 0.77%. Cintas's payout ratio is currently 37.61%.

Analysts Set New Price Targets

CTAS has been the topic of several research analyst reports. UBS Group cut their price target on Cintas from $240.00 to $218.00 and set a "buy" rating on the stock in a research report on Friday, December 20th. Truist Financial cut their target price on shares of Cintas from $225.00 to $215.00 and set a "buy" rating on the stock in a report on Friday, December 20th. Morgan Stanley lifted their target price on shares of Cintas from $185.00 to $202.00 and gave the company an "equal weight" rating in a report on Thursday, December 12th. The Goldman Sachs Group dropped their price objective on shares of Cintas from $236.00 to $211.00 and set a "buy" rating on the stock in a research note on Friday, December 20th. Finally, Robert W. Baird dropped their price objective on shares of Cintas from $209.00 to $200.00 and set a "neutral" 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 assigned a buy rating to the company. Based on data from MarketBeat.com, the stock currently has an average rating of "Hold" and a consensus price target of $198.46.

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.