Cintas Co. (NASDAQ:CTAS) Shares Sold by Apriem Advisors

Apriem Advisors lowered its position in Cintas Co. (NASDAQ:CTAS) by 4.0% during the fourth quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 54,773 shares of the business services provider’s stock after selling 2,306 shares during the quarter. Cintas accounts for approximately 1.1% of Apriem Advisors’ holdings, making the stock its 26th biggest holding. Apriem Advisors’ holdings in Cintas were worth $10,007,000 at the end of the most recent quarter.

Other institutional investors and hedge funds also recently added to or reduced their stakes in the company. 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 valued at $26,000 after purchasing an additional 104 shares during the last quarter. Sound Income Strategies LLC acquired a new position in shares of Cintas in the 4th quarter valued at approximately $27,000. Addison Advisors LLC boosted its stake 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 buying an additional 114 shares during the last quarter. Endeavor Private Wealth Inc. acquired a new stake in shares of Cintas during the fourth quarter worth approximately $31,000. Finally, Quintet Private Bank Europe S.A. increased its stake in shares of Cintas by 357.1% in the third quarter. Quintet Private Bank Europe S.A. now owns 160 shares of the business services provider’s stock worth $33,000 after buying an additional 125 shares during the last quarter. 63.46% of the stock is owned by hedge funds and other institutional investors.

Cintas Trading Down 0.7 %

NASDAQ:CTAS opened at $204.31 on Thursday. Cintas Co. has a 1 year low of $154.15 and a 1 year high of $228.12. The business has a fifty day moving average of $196.31 and a 200-day moving average of $208.59. The company has a debt-to-equity ratio of 0.47, a quick ratio of 1.38 and a current ratio of 1.58. The stock has a market cap of $82.45 billion, a price-to-earnings ratio of 49.26, a PEG ratio of 3.98 and a beta of 1.38.

Cintas (NASDAQ:CTAS) last released its earnings results on Thursday, December 19th. The business services provider reported $1.09 EPS for the quarter, beating the consensus estimate of $1.01 by $0.08. The firm had revenue of $2.56 billion for the quarter, compared to analysts’ expectations of $2.56 billion. Cintas had a net margin of 17.23% and a return on equity of 40.62%. Cintas’s quarterly revenue was up 7.8% on a year-over-year basis. During the same quarter last year, the company earned $3.61 EPS. Equities analysts predict that Cintas Co. will post 4.31 earnings per share for the current year.

Cintas Announces Dividend

The company also recently declared a quarterly dividend, which will be paid on Friday, March 14th. Stockholders of record on Friday, February 14th will be given a dividend of $0.39 per share. This represents a $1.56 annualized dividend and a dividend yield of 0.76%. The ex-dividend date is Friday, February 14th. Cintas’s dividend payout ratio (DPR) is presently 37.59%.

Wall Street Analyst Weigh In

Several brokerages have weighed in on CTAS. Morgan Stanley raised their price objective on shares of Cintas from $185.00 to $202.00 and gave the stock an “equal weight” rating in a report on Thursday, December 12th. The Goldman Sachs Group lowered their price objective on Cintas from $236.00 to $211.00 and set a “buy” rating for the company in a report on Friday, December 20th. Royal Bank of Canada reaffirmed a “sector perform” rating and set a $215.00 target price on shares of Cintas in a report on Friday, December 20th. Robert W. Baird lowered their price target on Cintas from $209.00 to $200.00 and set a “neutral” rating for the company in a report on Friday, December 20th. Finally, Truist Financial reduced 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 research analysts have rated the stock with a sell rating, nine have assigned a hold rating and six have issued a buy rating to the company’s stock. According to MarketBeat.com, the company presently has an average rating of “Hold” and an average target price of $199.79.

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.