Callahan Advisors LLC Has $6.58 Million Stock Holdings in Cintas Co. (NASDAQ:CTAS)

Callahan Advisors LLC lessened its holdings in shares of Cintas Co. (NASDAQ:CTAS) by 3.6% in the 4th quarter, according to its most recent filing with the SEC. The fund owned 36,016 shares of the business services provider’s stock after selling 1,336 shares during the period. Callahan Advisors LLC’s holdings in Cintas were worth $6,580,000 at the end of the most recent reporting period.

Several other large investors have also made changes to their positions in the business. C2P Capital Advisory Group LLC d.b.a. Prosperity Capital Advisors acquired a new position in shares of Cintas during the 4th quarter worth about $879,000. Kestra Investment Management LLC bought a new position in Cintas during the fourth quarter valued at about $55,000. Venturi Wealth Management LLC increased its stake in Cintas by 10.2% during the fourth quarter. Venturi Wealth Management LLC now owns 12,172 shares of the business services provider’s stock valued at $2,224,000 after acquiring an additional 1,125 shares during the period. Truist Financial Corp increased its stake in Cintas by 11.8% during the fourth quarter. Truist Financial Corp now owns 42,238 shares of the business services provider’s stock valued at $7,717,000 after acquiring an additional 4,447 shares during the period. Finally, CIBC Asset Management Inc increased its stake in Cintas by 3.6% during the fourth quarter. CIBC Asset Management Inc now owns 122,390 shares of the business services provider’s stock valued at $22,361,000 after acquiring an additional 4,239 shares during the period. Institutional investors and hedge funds own 63.46% of the company’s stock.

Cintas Stock Down 0.9 %

NASDAQ CTAS opened at $204.22 on Tuesday. The firm has a market cap of $82.41 billion, a PE ratio of 49.24, a price-to-earnings-growth ratio of 3.95 and a beta of 1.38. Cintas Co. has a one year low of $152.77 and a one year high of $228.12. The stock’s 50 day simple moving average is $196.96 and its 200 day simple moving average is $207.85. 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 (NASDAQ:CTAS) last posted its quarterly earnings data on Thursday, December 19th. The business services provider reported $1.09 earnings per share (EPS) for the quarter, topping the consensus estimate of $1.01 by $0.08. Cintas had a return on equity of 40.62% and a net margin of 17.23%. The firm had revenue of $2.56 billion for the quarter, compared to the consensus estimate of $2.56 billion. During the same quarter in the prior year, the business earned $3.61 EPS. The business’s revenue for the quarter was up 7.8% compared to the same quarter last year. 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 company also recently disclosed a quarterly dividend, which will be paid on Friday, March 14th. Shareholders of record on Friday, February 14th will be issued a dividend of $0.39 per share. This represents a $1.56 annualized dividend and a yield of 0.76%. The ex-dividend date is Friday, February 14th. Cintas’s dividend payout ratio is 37.61%.

Analyst Ratings Changes

Several brokerages recently issued reports on CTAS. Morgan Stanley boosted their price target on Cintas from $185.00 to $202.00 and gave the company an “equal weight” rating in a research note on Thursday, December 12th. Wells Fargo & Company lowered their price target on Cintas from $191.00 to $184.00 and set an “underweight” rating on the stock in a research note on Friday, December 20th. Robert W. Baird lowered their price target on Cintas from $209.00 to $200.00 and set a “neutral” rating on the stock in a research note on Friday, December 20th. Royal Bank of Canada reiterated a “sector perform” rating and issued a $215.00 price objective on shares of Cintas in a research note on Friday, December 20th. Finally, UBS Group lowered their price objective on Cintas from $240.00 to $218.00 and set a “buy” rating on the stock in a research note on Friday, December 20th. Two investment analysts have rated the stock with a sell rating, nine have assigned a hold rating and six have given a buy rating to the company’s stock. According to data from MarketBeat.com, the stock has a consensus rating of “Hold” and a consensus target price of $198.46.

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.