Cintas Co. (NASDAQ:CTAS) Shares Sold by Park National Corp OH

Park National Corp OH lessened its holdings in Cintas Co. (NASDAQ:CTAS) by 0.4% in the fourth quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The firm owned 23,251 shares of the business services provider’s stock after selling 95 shares during the quarter. Park National Corp OH’s holdings in Cintas were worth $4,248,000 at the end of the most recent quarter.

Several other institutional investors have also recently added to or reduced their stakes in CTAS. Axxcess Wealth Management LLC grew its holdings in shares of Cintas by 0.5% during the second quarter. Axxcess Wealth Management LLC now owns 2,905 shares of the business services provider’s stock valued at $2,034,000 after purchasing an additional 14 shares during the last quarter. D Orazio & Associates Inc. lifted its position in Cintas by 3.5% in the 2nd quarter. D Orazio & Associates Inc. now owns 556 shares of the business services provider’s stock valued at $389,000 after purchasing an additional 19 shares during the last quarter. Alpha Financial Partners LLC boosted its stake in Cintas by 5.1% during the 2nd quarter. Alpha Financial Partners LLC now owns 389 shares of the business services provider’s stock valued at $272,000 after purchasing an additional 19 shares during the period. E Fund Management Co. Ltd. grew its position in Cintas by 1.9% in the 2nd quarter. E Fund Management Co. Ltd. now owns 997 shares of the business services provider’s stock worth $698,000 after purchasing an additional 19 shares during the last quarter. Finally, Abbrea Capital LLC increased its stake in shares of Cintas by 8.4% in the second quarter. Abbrea Capital LLC now owns 402 shares of the business services provider’s stock valued at $282,000 after purchasing an additional 31 shares during the period. Institutional investors own 63.46% of the company’s stock.

Cintas Stock Performance

CTAS opened at $188.72 on Wednesday. The business has a fifty day simple moving average of $208.18 and a 200-day simple moving average of $204.37. The firm has a market cap of $76.11 billion, a PE ratio of 47.66, a P/E/G ratio of 4.15 and a beta of 1.37. The company has a quick ratio of 1.33, a current ratio of 1.53 and a debt-to-equity ratio of 0.50. Cintas Co. has a fifty-two week low of $143.98 and a fifty-two week high of $228.12.

Cintas (NASDAQ:CTAS) last issued 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 39.56% and a net margin of 16.80%. The firm had revenue of $2.56 billion for the quarter, compared to analysts’ expectations of $2.56 billion. During the same quarter last year, the business posted $3.61 EPS. Cintas’s revenue was up 7.8% on a year-over-year basis. As a group, equities analysts predict that Cintas Co. will post 4.23 EPS for the current fiscal year.

Cintas Dividend Announcement

The company also recently declared a quarterly dividend, which was paid on Friday, December 13th. Investors of record on Friday, November 15th were given a $0.39 dividend. The ex-dividend date of this dividend was Friday, November 15th. This represents a $1.56 annualized dividend and a dividend yield of 0.83%. Cintas’s dividend payout ratio (DPR) is presently 37.59%.

Wall Street Analyst Weigh In

A number of equities analysts recently issued reports on the company. Jefferies Financial Group decreased their price objective on Cintas from $730.00 to $200.00 and set a “hold” rating for the company in a report on Thursday, September 26th. Truist Financial lowered their price target on Cintas from $225.00 to $215.00 and set a “buy” rating on the stock in a report on Friday, December 20th. UBS Group decreased their target price on shares of Cintas from $240.00 to $218.00 and set a “buy” rating for the company in a research report on Friday, December 20th. Morgan Stanley boosted their price target on shares of Cintas from $185.00 to $202.00 and gave the stock an “equal weight” rating in a research report on Thursday, December 12th. Finally, Barclays increased their price objective on shares of Cintas from $210.00 to $245.00 and gave the company an “overweight” rating in a report on Friday, September 27th. Two investment analysts have rated the stock with a sell rating, nine have issued a hold rating and six have given a buy rating to the company’s stock. Based on data from MarketBeat, the company currently has an average rating of “Hold” and an average 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.