Cintas Co. (NASDAQ:CTAS) Shares Sold by Eads & Heald Wealth Management

Eads & Heald Wealth Management trimmed its position in shares of Cintas Co. (NASDAQ:CTAS) by 3.8% in the fourth quarter, Holdings Channel.com reports. The firm owned 9,283 shares of the business services provider’s stock after selling 371 shares during the period. Eads & Heald Wealth Management’s holdings in Cintas were worth $1,696,000 as of its most recent SEC filing.

Several other hedge funds and other institutional investors have also recently added to or reduced their stakes in CTAS. AE Wealth Management LLC boosted its holdings in Cintas by 32.0% in the second quarter. AE Wealth Management LLC now owns 3,223 shares of the business services provider’s stock valued at $2,257,000 after purchasing an additional 781 shares during the last quarter. Sei Investments Co. raised its position in shares of Cintas by 57.4% in the 2nd quarter. Sei Investments Co. now owns 38,848 shares of the business services provider’s stock valued at $27,202,000 after purchasing an additional 14,170 shares in the last quarter. Frank Rimerman Advisors LLC grew its position in shares of Cintas by 38,533.3% during the second quarter. Frank Rimerman Advisors LLC now owns 1,159 shares of the business services provider’s stock worth $812,000 after buying an additional 1,156 shares in the last quarter. Steel Grove Capital Advisors LLC bought a new stake in shares of Cintas in the second quarter worth $298,000. Finally, Evergreen Capital Management LLC boosted its stake in Cintas by 4.8% during the 2nd quarter. Evergreen Capital Management LLC now owns 827 shares of the business services provider’s stock valued at $579,000 after acquiring an additional 38 shares during the last quarter. Hedge funds and other institutional investors own 63.46% of the company’s stock.

Cintas Stock Performance

Cintas stock opened at $201.23 on Wednesday. The firm’s 50 day simple moving average is $204.69 and its 200-day simple moving average is $205.50. Cintas Co. has a fifty-two week low of $148.75 and a fifty-two week high of $228.12. 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 company has a market cap of $81.20 billion, a P/E ratio of 48.52, a price-to-earnings-growth ratio of 3.83 and a beta of 1.37.

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, beating 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 business had revenue of $2.56 billion for the quarter, compared to the consensus estimate of $2.56 billion. During the same quarter in the previous year, the company posted $3.61 earnings per share. Cintas’s revenue for the quarter was up 7.8% compared to the same quarter last year. As a group, equities research analysts predict that Cintas Co. will post 4.31 EPS for the current year.

Cintas Announces Dividend

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 $0.39 dividend. The ex-dividend date is Friday, February 14th. This represents a $1.56 dividend on an annualized basis and a yield of 0.78%. Cintas’s payout ratio is 37.61%.

Analysts Set New Price Targets

A number of equities analysts recently commented on CTAS shares. Jefferies Financial Group decreased their price target on Cintas from $730.00 to $200.00 and set a “hold” rating for the company in a research note on Thursday, September 26th. Wells Fargo & Company decreased their price objective on shares of Cintas from $191.00 to $184.00 and set an “underweight” rating for the company in a report on Friday, December 20th. Barclays raised their price target on shares of Cintas from $210.00 to $245.00 and gave the stock an “overweight” rating in a research report on Friday, September 27th. UBS Group cut their target price on shares of Cintas from $240.00 to $218.00 and set a “buy” rating on the stock in a report on Friday, December 20th. Finally, Truist Financial lowered their target price on Cintas from $225.00 to $215.00 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 given a hold rating and six have given a buy rating to the company’s stock. According to data from MarketBeat, the stock has a consensus 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.