Cintas Co. (NASDAQ:CTAS) Shares Sold by CNB Bank

CNB Bank lessened its stake in Cintas Co. (NASDAQ:CTAS) by 2.8% during the fourth quarter, according to the company in its most recent 13F filing with the SEC. The institutional investor owned 4,069 shares of the business services provider’s stock after selling 119 shares during the quarter. CNB Bank’s holdings in Cintas were worth $743,000 as of its most recent filing with the SEC.

Several other large investors have also modified their holdings of the stock. Financial Management Professionals Inc. grew its position in shares of Cintas by 341.4% in the 3rd quarter. Financial Management Professionals Inc. now owns 128 shares of the business services provider’s stock worth $26,000 after acquiring an additional 99 shares in the last quarter. Hollencrest Capital Management boosted its holdings in Cintas by 433.3% in the third quarter. Hollencrest Capital Management now owns 128 shares of the business services provider’s stock worth $26,000 after purchasing an additional 104 shares during the period. Addison Advisors LLC increased its stake in Cintas by 495.7% during the third 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 during the last quarter. Grove Bank & Trust raised its holdings in shares of Cintas by 1,340.0% during the third quarter. Grove Bank & Trust now owns 144 shares of the business services provider’s stock worth $30,000 after purchasing an additional 134 shares during the period. Finally, Capital Advisors Ltd. LLC lifted its position in shares of Cintas by 321.1% in the 3rd quarter. Capital Advisors Ltd. LLC now owns 160 shares of the business services provider’s stock worth $33,000 after buying an additional 122 shares during the last quarter. Institutional investors own 63.46% of the company’s stock.

Cintas Stock Up 0.2 %

CTAS stock opened at $198.35 on Friday. The firm has a market cap of $80.04 billion, a PE ratio of 47.87, a PEG ratio of 3.65 and a beta of 1.37. Cintas Co. has a 1 year low of $146.63 and a 1 year high of $228.12. The company has a fifty day simple moving average of $206.18 and a 200 day simple moving average of $204.81. The company has a current ratio of 1.58, a quick ratio of 1.38 and a debt-to-equity ratio of 0.47.

Cintas (NASDAQ:CTAS) last announced its quarterly earnings results 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 company had revenue of $2.56 billion during the quarter, compared to analysts’ expectations of $2.56 billion. During the same quarter in the previous year, the firm earned $3.61 earnings per share. The business’s quarterly revenue was up 7.8% compared to the same quarter last year. Sell-side analysts anticipate that Cintas Co. will post 4.31 EPS for the current fiscal year.

Cintas Announces Dividend

The business also recently announced a quarterly dividend, which will be paid on Friday, March 14th. Investors of record on Friday, February 14th will be paid a $0.39 dividend. This represents a $1.56 annualized dividend and a dividend yield of 0.79%. The ex-dividend date of this dividend is Friday, February 14th. Cintas’s payout ratio is presently 37.61%.

Analyst Ratings Changes

CTAS has been the topic of several research reports. Truist Financial dropped their price objective on shares of Cintas from $225.00 to $215.00 and set a “buy” rating on the stock in a research note 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 report on Thursday, December 12th. Royal Bank of Canada reaffirmed a “sector perform” rating and issued a $215.00 target price on shares of Cintas in a research report on Friday, December 20th. UBS Group lowered their price target on Cintas from $240.00 to $218.00 and set a “buy” rating on the stock in a report on Friday, December 20th. Finally, The Goldman Sachs Group cut their price target on shares of Cintas from $236.00 to $211.00 and set a “buy” rating for the company in a report 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 MarketBeat, the stock has an average rating of “Hold” and a consensus price target of $198.46.

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.