Cintas Co. (NASDAQ:CTAS) Stock Position Reduced by Financial Engines Advisors L.L.C.

Financial Engines Advisors L.L.C. decreased its stake in Cintas Co. (NASDAQ:CTAS) by 1.8% in the fourth quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The institutional investor owned 3,620 shares of the business services provider’s stock after selling 67 shares during the quarter. Financial Engines Advisors L.L.C.’s holdings in Cintas were worth $661,000 at the end of the most recent quarter.

Other institutional investors also recently modified their holdings of the company. Sound Income Strategies LLC acquired a new stake in Cintas during the fourth quarter valued at $27,000. Cyrus J. Lawrence LLC purchased a new stake in shares of Cintas during the 4th quarter worth about $29,000. Endeavor Private Wealth Inc. acquired a new stake in shares of Cintas during the 4th quarter valued at about $31,000. IAG Wealth Partners LLC grew its stake in shares of Cintas by 136.8% in the 4th quarter. IAG Wealth Partners LLC now owns 180 shares of the business services provider’s stock valued at $33,000 after buying an additional 104 shares in the last quarter. Finally, Newbridge Financial Services Group Inc. acquired a new position in Cintas in the fourth quarter worth approximately $34,000. Institutional investors and hedge funds own 63.46% of the company’s stock.

Analyst Upgrades and Downgrades

Several analysts have commented on the stock. The Goldman Sachs Group boosted their target price on shares of Cintas from $211.00 to $233.00 and gave the stock a “buy” rating in a research report on Thursday. Truist Financial increased their target price on shares of Cintas from $215.00 to $230.00 and gave the stock a “buy” rating in a research report on Thursday. UBS Group raised their target price on Cintas from $218.00 to $240.00 and gave the company a “buy” rating in a report on Thursday. Citigroup assumed coverage on Cintas in a research note on Monday, February 24th. They set a “sell” rating and a $161.00 price target for the company. Finally, Wells Fargo & Company raised their price objective on Cintas from $184.00 to $196.00 and gave the company an “underweight” rating in a research note on Thursday. Two 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 MarketBeat, Cintas presently has an average rating of “Hold” and a consensus price target of $207.57.

Cintas Stock Performance

NASDAQ:CTAS opened at $206.25 on Friday. 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 firm’s 50-day moving average is $200.91 and its 200-day moving average is $208.87. Cintas Co. has a 52-week low of $162.16 and a 52-week high of $228.12. The company has a market cap of $83.23 billion, a price-to-earnings ratio of 49.73, a PEG ratio of 3.98 and a beta of 1.41.

Cintas (NASDAQ:CTAS) last posted its quarterly earnings results on Wednesday, March 26th. The business services provider reported $1.13 EPS for the quarter, beating the consensus estimate of $1.05 by $0.08. Cintas had a return on equity of 40.62% and a net margin of 17.23%. The firm had revenue of $2.61 billion during the quarter, compared to analysts’ expectations of $2.60 billion. During the same quarter in the prior year, the firm posted $3.84 EPS. The company’s revenue for the quarter was up 8.4% on a year-over-year basis. Equities research analysts anticipate that Cintas Co. will post 4.31 earnings per share for the current year.

Cintas Dividend Announcement

The firm also recently declared a quarterly dividend, which was paid on Friday, March 14th. Shareholders of record on Friday, February 14th were paid a dividend of $0.39 per share. The ex-dividend date was Friday, February 14th. This represents a $1.56 dividend on an annualized basis and a yield of 0.76%. Cintas’s dividend payout ratio is currently 36.11%.

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.