Heritage Wealth Advisors Sells 388 Shares of Cintas Co. (NASDAQ:CTAS)

Heritage Wealth Advisors trimmed its holdings in shares of Cintas Co. (NASDAQ:CTAS) by 11.7% in the fourth quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The fund owned 2,928 shares of the business services provider’s stock after selling 388 shares during the period. Heritage Wealth Advisors’ holdings in Cintas were worth $535,000 at the end of the most recent quarter.

Several other large investors have also bought and sold shares of the business. Sound Income Strategies LLC acquired a new position in shares of Cintas in the 4th quarter valued at $27,000. Cyrus J. Lawrence LLC acquired a new position in Cintas in the fourth quarter valued at about $29,000. Endeavor Private Wealth Inc. bought a new position in Cintas during the fourth quarter worth about $31,000. IAG Wealth Partners LLC grew its position in shares of Cintas by 136.8% during the 4th quarter. IAG Wealth Partners LLC now owns 180 shares of the business services provider’s stock worth $33,000 after buying an additional 104 shares during the period. Finally, Newbridge Financial Services Group Inc. bought a new stake in shares of Cintas in the 4th quarter valued at about $34,000. 63.46% of the stock is currently owned by institutional investors and hedge funds.

Wall Street Analyst Weigh In

CTAS has been the subject of a number of analyst reports. Royal Bank of Canada restated a “sector perform” rating and set a $215.00 price objective on shares of Cintas in a report on Friday, December 20th. UBS Group decreased their price target on shares of Cintas from $240.00 to $218.00 and set a “buy” rating for the company in a report on Friday, December 20th. Wells Fargo & Company dropped their price objective on Cintas from $191.00 to $184.00 and set an “underweight” rating on the stock in a research note on Friday, December 20th. Truist Financial lowered their price target on Cintas from $225.00 to $215.00 and set a “buy” rating for the company in a report on Friday, December 20th. Finally, The Goldman Sachs Group cut their price objective on Cintas from $236.00 to $211.00 and set a “buy” rating on the stock in a report on Friday, December 20th. Two research 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’s stock. According to data from MarketBeat.com, the stock has a consensus rating of “Hold” and an average target price of $199.79.

Cintas Trading Down 0.6 %

Cintas stock opened at $193.46 on Wednesday. The company has a market cap of $78.07 billion, a price-to-earnings ratio of 46.64, a P/E/G ratio of 3.98 and a beta of 1.41. The firm has a 50-day moving average of $200.57 and a 200-day moving average of $208.92. The company has a debt-to-equity ratio of 0.47, a current ratio of 1.58 and a quick ratio of 1.38. Cintas Co. has a one year low of $158.10 and a one year high of $228.12.

Cintas Dividend Announcement

The business also recently declared a quarterly dividend, which was paid on Friday, March 14th. Shareholders of record on Friday, February 14th were paid a $0.39 dividend. The ex-dividend date of this dividend was Friday, February 14th. This represents a $1.56 dividend on an annualized basis and a yield of 0.81%. Cintas’s dividend payout ratio is 37.59%.

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.