Falcon Wealth Planning Lowers Stake in Cintas Co. (NASDAQ:CTAS)

Falcon Wealth Planning lessened its holdings in Cintas Co. (NASDAQ:CTAS) by 1.7% during the fourth quarter, according to the company in its most recent disclosure with the SEC. The firm owned 3,337 shares of the business services provider’s stock after selling 59 shares during the quarter. Falcon Wealth Planning’s holdings in Cintas were worth $610,000 at the end of the most recent quarter.

Other large investors have also recently made changes to their positions in the company. Financial Management Professionals Inc. raised its position in 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 buying an additional 99 shares during the last quarter. Hollencrest Capital Management lifted its position in Cintas by 433.3% during 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 period. Sound Income Strategies LLC purchased a new stake in Cintas in the fourth quarter worth approximately $27,000. Addison Advisors LLC grew its position in Cintas by 495.7% in the 3rd quarter. Addison Advisors LLC now owns 137 shares of the business services provider’s stock worth $28,000 after purchasing an additional 114 shares during the period. Finally, Grove Bank & Trust raised its stake in Cintas by 1,340.0% during the 3rd quarter. Grove Bank & Trust now owns 144 shares of the business services provider’s stock valued at $30,000 after buying an additional 134 shares during the last quarter. 63.46% of the stock is currently owned by hedge funds and other institutional investors.

Wall Street Analyst Weigh In

A number of equities analysts have recently issued reports on the company. UBS Group dropped their price target on Cintas from $240.00 to $218.00 and set a “buy” rating on the stock in a research note on Friday, December 20th. Truist Financial reduced their price target on shares of Cintas from $225.00 to $215.00 and set a “buy” rating for the company in a research report on Friday, December 20th. Morgan Stanley boosted their target price on shares of Cintas from $185.00 to $202.00 and gave the company an “equal weight” rating in a research report on Thursday, December 12th. Royal Bank of Canada reiterated a “sector perform” rating and issued a $215.00 price target on shares of Cintas in a research report on Friday, December 20th. Finally, Wells Fargo & Company cut their price objective on shares of Cintas from $191.00 to $184.00 and set an “underweight” rating for the company in a research report on Friday, December 20th. Two analysts have rated the stock with a sell rating, nine have issued a hold rating and six have assigned a buy rating to the company. According to data from MarketBeat, Cintas has a consensus rating of “Hold” and a consensus price target of $198.46.

Cintas Stock Performance

CTAS opened at $200.43 on Wednesday. The stock has a market capitalization of $80.88 billion, a price-to-earnings ratio of 48.33, a PEG ratio of 3.84 and a beta of 1.37. Cintas Co. has a fifty-two week low of $148.87 and a fifty-two week high of $228.12. 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 company has a fifty day moving average of $202.71 and a 200 day moving average of $206.25.

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

Cintas Dividend Announcement

The firm also recently declared a quarterly dividend, which will be paid on Friday, March 14th. Investors of record on Friday, February 14th will be given a $0.39 dividend. This represents a $1.56 annualized dividend and a yield of 0.78%. The ex-dividend date is Friday, February 14th. Cintas’s dividend payout ratio is presently 37.61%.

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.