Cintas Co. (NASDAQ:CTAS) Stock Position Decreased by Kentucky Retirement Systems

Kentucky Retirement Systems decreased its position in Cintas Co. (NASDAQ:CTAS) by 1.4% in the 4th quarter, according to the company in its most recent 13F filing with the SEC. The institutional investor owned 23,544 shares of the business services provider’s stock after selling 324 shares during the quarter. Kentucky Retirement Systems’ holdings in Cintas were worth $4,301,000 as of its most recent filing with the SEC.

Other large investors have also made changes to their positions in the company. Guardian Wealth Advisors LLC raised its holdings in Cintas by 3.1% during the fourth quarter. Guardian Wealth Advisors LLC now owns 1,741 shares of the business services provider’s stock valued at $318,000 after buying an additional 52 shares in the last quarter. MGB Wealth Management LLC raised its stake in shares of Cintas by 0.7% in the 4th quarter. MGB Wealth Management LLC now owns 7,248 shares of the business services provider’s stock valued at $1,328,000 after acquiring an additional 52 shares in the last quarter. Aaron Wealth Advisors LLC lifted its holdings in Cintas by 2.0% in the 4th quarter. Aaron Wealth Advisors LLC now owns 2,803 shares of the business services provider’s stock worth $512,000 after purchasing an additional 55 shares during the last quarter. S.A. Mason LLC lifted its holdings in Cintas by 3.3% in the 4th quarter. S.A. Mason LLC now owns 1,703 shares of the business services provider’s stock worth $311,000 after purchasing an additional 55 shares during the last quarter. Finally, Simon Quick Advisors LLC boosted its position in Cintas by 5.5% during the fourth quarter. Simon Quick Advisors LLC now owns 1,213 shares of the business services provider’s stock worth $222,000 after purchasing an additional 63 shares during the period. Institutional investors own 63.46% of the company’s stock.

Cintas Stock Performance

Shares of NASDAQ CTAS opened at $204.43 on Friday. Cintas Co. has a one year low of $154.15 and a one year high of $228.12. The company has a current ratio of 1.58, a quick ratio of 1.38 and a debt-to-equity ratio of 0.47. The business has a fifty day simple moving average of $196.53 and a 200 day simple moving average of $208.08. The firm has a market capitalization of $82.50 billion, a price-to-earnings ratio of 49.29, a PEG ratio of 4.02 and a beta of 1.38.

Cintas (NASDAQ:CTAS) last announced its quarterly earnings data on Thursday, December 19th. The business services provider reported $1.09 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $1.01 by $0.08. Cintas had a net margin of 17.23% and a return on equity of 40.62%. The company had revenue of $2.56 billion during the quarter, compared to analysts’ expectations of $2.56 billion. During the same quarter in the prior year, the company posted $3.61 EPS. The business’s revenue was up 7.8% on a year-over-year basis. Sell-side analysts expect that Cintas Co. will post 4.31 EPS for the current year.

Cintas Announces Dividend

The business also recently disclosed a quarterly dividend, which will be paid on Friday, March 14th. Stockholders of record on Friday, February 14th will be paid a $0.39 dividend. The ex-dividend date is Friday, February 14th. This represents a $1.56 annualized dividend and a dividend yield of 0.76%. Cintas’s dividend payout ratio is currently 37.61%.

Analysts Set New Price Targets

CTAS has been the subject of a number of analyst reports. Robert W. Baird reduced their price objective on shares of Cintas from $209.00 to $200.00 and set a “neutral” rating for the company in a research note on Friday, December 20th. Royal Bank of Canada reiterated a “sector perform” rating and issued a $215.00 target price on shares of Cintas in a report on Friday, December 20th. The Goldman Sachs Group decreased their price target on shares of Cintas from $236.00 to $211.00 and set a “buy” rating for the company in a report on Friday, December 20th. Truist Financial dropped their price objective on Cintas from $225.00 to $215.00 and set a “buy” rating on the stock in a research note on Friday, December 20th. Finally, Wells Fargo & Company decreased their target price on Cintas from $191.00 to $184.00 and set an “underweight” rating for the company in a research note on Friday, December 20th. Two analysts have rated the stock with a sell rating, nine have issued a hold rating and six have issued a buy rating to the company’s stock. Based on data from MarketBeat.com, the stock presently has a consensus rating of “Hold” and an average price target of $198.46.

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.