Brown Advisory Securities LLC Reduces Position in Cintas Co. (NASDAQ:CTAS)

Brown Advisory Securities LLC decreased its holdings in shares of Cintas Co. (NASDAQ:CTASGet Rating) by 52.6% in the first quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor owned 550 shares of the business services provider’s stock after selling 610 shares during the quarter. Brown Advisory Securities LLC’s holdings in Cintas were worth $234,000 as of its most recent SEC filing.

A number of other large investors have also modified their holdings of CTAS. Checchi Capital Advisers LLC lifted its position in shares of Cintas by 5.5% during the first quarter. Checchi Capital Advisers LLC now owns 1,525 shares of the business services provider’s stock worth $649,000 after purchasing an additional 80 shares in the last quarter. Mitsubishi UFJ Kokusai Asset Management Co. Ltd. lifted its position in shares of Cintas by 7.2% during the first quarter. Mitsubishi UFJ Kokusai Asset Management Co. Ltd. now owns 81,315 shares of the business services provider’s stock worth $34,591,000 after purchasing an additional 5,466 shares in the last quarter. Legacy Financial Strategies LLC lifted its position in shares of Cintas by 4.2% during the first quarter. Legacy Financial Strategies LLC now owns 4,425 shares of the business services provider’s stock worth $1,882,000 after purchasing an additional 178 shares in the last quarter. Sheaff Brock Investment Advisors LLC lifted its position in shares of Cintas by 1.5% during the first quarter. Sheaff Brock Investment Advisors LLC now owns 4,015 shares of the business services provider’s stock worth $1,707,000 after purchasing an additional 58 shares in the last quarter. Finally, SouthState Corp lifted its position in shares of Cintas by 4,150.0% during the first quarter. SouthState Corp now owns 425 shares of the business services provider’s stock worth $180,000 after purchasing an additional 415 shares in the last quarter. Hedge funds and other institutional investors own 65.09% of the company’s stock.

Cintas Stock Performance

Shares of Cintas stock opened at $423.61 on Friday. The company has a quick ratio of 1.51, a current ratio of 1.84 and a debt-to-equity ratio of 0.75. The firm has a market capitalization of $42.87 billion, a P/E ratio of 36.36, a P/E/G ratio of 3.25 and a beta of 1.45. The firm’s 50 day moving average is $386.50 and its two-hundred day moving average is $389.37. Cintas Co. has a 52 week low of $343.86 and a 52 week high of $461.44.

Cintas (NASDAQ:CTASGet Rating) last announced its earnings results on Thursday, July 14th. The business services provider reported $2.81 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $2.68 by $0.13. The business had revenue of $2.07 billion for the quarter, compared to analyst estimates of $2 billion. Cintas had a net margin of 15.73% and a return on equity of 35.81%. The company’s revenue for the quarter was up 13.0% compared to the same quarter last year. During the same period last year, the firm posted $2.47 earnings per share. Research analysts forecast that Cintas Co. will post 12.23 EPS for the current fiscal year.

Cintas Increases Dividend

The company also recently disclosed a quarterly dividend, which will be paid on Thursday, September 15th. Investors of record on Monday, August 15th will be given a $1.15 dividend. This represents a $4.60 dividend on an annualized basis and a yield of 1.09%. This is a positive change from Cintas’s previous quarterly dividend of $0.95. The ex-dividend date is Friday, August 12th. Cintas’s dividend payout ratio (DPR) is 32.62%.

Analyst Ratings Changes

Several analysts have recently issued reports on CTAS shares. Deutsche Bank Aktiengesellschaft reduced their price target on shares of Cintas from $517.00 to $465.00 and set a “buy” rating on the stock in a research report on Tuesday, July 5th. Morgan Stanley raised their target price on shares of Cintas from $357.00 to $362.00 and gave the company an “equal weight” rating in a report on Friday, July 15th. Royal Bank of Canada reduced their target price on shares of Cintas from $475.00 to $450.00 in a report on Friday, July 15th. StockNews.com raised shares of Cintas from a “hold” rating to a “buy” rating in a report on Saturday, July 23rd. Finally, Robert W. Baird reduced their target price on shares of Cintas from $458.00 to $440.00 in a report on Friday, July 15th. Three analysts have rated the stock with a hold rating and six have assigned a buy rating to the stock. According to MarketBeat.com, the stock presently has an average rating of “Moderate Buy” and a consensus target price of $432.00.

Cintas Profile

(Get Rating)

Cintas Corporation provides 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.

See Also

Institutional Ownership by Quarter for Cintas (NASDAQ:CTAS)

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