Cintas Co. (NASDAQ:CTAS) Stock Position Lowered by Intrust Bank NA

Intrust Bank NA lowered its position in shares of Cintas Co. (NASDAQ:CTAS) by 1.6% in the 4th quarter, according to its most recent disclosure with the Securities & Exchange Commission. The institutional investor owned 5,864 shares of the business services provider’s stock after selling 96 shares during the quarter. Intrust Bank NA’s holdings in Cintas were worth $1,071,000 at the end of the most recent quarter.

A number of other hedge funds have also recently bought and sold shares of the company. China Universal Asset Management Co. Ltd. lifted its position in shares of Cintas by 28.4% during the 4th quarter. China Universal Asset Management Co. Ltd. now owns 6,563 shares of the business services provider’s stock valued at $1,199,000 after acquiring an additional 1,450 shares during the last quarter. KMG Fiduciary Partners LLC raised its position in shares of Cintas by 121.8% during the fourth quarter. KMG Fiduciary Partners LLC now owns 11,545 shares of the business services provider’s stock worth $2,109,000 after purchasing an additional 6,341 shares during the period. Wellington Management Group LLP lifted its holdings in shares of Cintas by 211.7% during the third quarter. Wellington Management Group LLP now owns 778,884 shares of the business services provider’s stock valued at $160,357,000 after purchasing an additional 529,005 shares during the last quarter. JPMorgan Chase & Co. boosted its position in shares of Cintas by 137.5% in the 3rd quarter. JPMorgan Chase & Co. now owns 2,222,527 shares of the business services provider’s stock valued at $457,574,000 after purchasing an additional 1,286,668 shares during the period. Finally, Annex Advisory Services LLC increased its stake in Cintas by 1.6% in the 4th quarter. Annex Advisory Services LLC now owns 127,441 shares of the business services provider’s stock worth $23,283,000 after purchasing an additional 1,988 shares in the last quarter. 63.46% of the stock is owned by institutional investors and hedge funds.

Cintas Stock Performance

Shares of NASDAQ CTAS opened at $203.22 on Friday. Cintas Co. has a one year low of $162.16 and a one year high of $228.12. The business’s 50-day moving average price is $201.01 and its two-hundred day moving average price is $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. The company has a market capitalization of $82.01 billion, a P/E ratio of 49.00, a price-to-earnings-growth ratio of 3.98 and a beta of 1.41.

Cintas (NASDAQ:CTAS) last announced 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. The business had revenue of $2.61 billion during the quarter, compared to analysts’ expectations of $2.60 billion. Cintas had a return on equity of 40.62% and a net margin of 17.23%. The firm’s quarterly revenue was up 8.4% compared to the same quarter last year. During the same quarter in the previous year, the business posted $3.84 EPS. Analysts anticipate 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 was paid on Friday, March 14th. Stockholders of record on Friday, February 14th were issued a dividend of $0.39 per share. The ex-dividend date of this dividend was Friday, February 14th. This represents a $1.56 dividend on an annualized basis and a dividend yield of 0.77%. Cintas’s dividend payout ratio is currently 36.11%.

Analyst Ratings Changes

CTAS has been the subject of several recent analyst reports. Wells Fargo & Company raised their target price on shares of Cintas from $184.00 to $196.00 and gave the stock an “underweight” rating in a report on Thursday. Truist Financial raised their price objective on shares of Cintas from $215.00 to $230.00 and gave the stock a “buy” rating in a research note on Thursday. Morgan Stanley boosted their target price on shares of Cintas from $195.00 to $213.00 and gave the company an “equal weight” rating in a research note on Thursday. UBS Group increased their target price on Cintas from $218.00 to $240.00 and gave the company a “buy” rating in a report on Thursday. Finally, Robert W. Baird lifted their price target on Cintas from $200.00 to $227.00 and gave the company a “neutral” rating in a report on Thursday. Two investment analysts have rated the stock with a sell rating, eight have issued a hold rating and five have assigned a buy rating to the company’s stock. According to MarketBeat, the stock presently has a consensus rating of “Hold” and an average price target of $210.58.

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.