First National Advisers LLC Sells 3,535 Shares of Cintas Co. (NASDAQ:CTAS)

First National Advisers LLC reduced its position in shares of Cintas Co. (NASDAQ:CTAS) by 15.2% in the fourth quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The firm owned 19,703 shares of the business services provider’s stock after selling 3,535 shares during the quarter. First National Advisers LLC’s holdings in Cintas were worth $3,600,000 as of its most recent SEC filing.

A number of other large investors have also made changes to their positions in CTAS. Sound Income Strategies LLC purchased a new position in shares of Cintas during the 4th quarter valued at about $27,000. Endeavor Private Wealth Inc. purchased a new position in shares of Cintas during the 4th quarter valued at about $31,000. IAG Wealth Partners LLC lifted 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 valued at $33,000 after buying an additional 104 shares in the last quarter. Newbridge Financial Services Group Inc. purchased a new position in shares of Cintas during the 4th quarter valued at about $34,000. Finally, OFI Invest Asset Management purchased a new position in shares of Cintas during the 4th quarter valued at about $37,000. 63.46% of the stock is currently owned by institutional investors.

Wall Street Analyst Weigh In

CTAS has been the topic of a number of analyst reports. 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 report on Friday, December 20th. Citigroup initiated coverage on Cintas in a report on Monday, February 24th. They issued a “sell” rating and a $161.00 price target on the stock. 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 report on Friday, December 20th. Truist Financial lowered their price target on Cintas from $225.00 to $215.00 and set a “buy” rating on the stock in a report on Friday, December 20th. Finally, The Goldman Sachs Group lowered their price target on Cintas from $236.00 to $211.00 and set a “buy” rating on the stock in a report on Friday, December 20th. Two analysts have rated the stock with a sell rating, nine have given a hold rating and six have issued a buy rating to the company. Based on data from MarketBeat, Cintas presently has a consensus rating of “Hold” and an average price target of $199.79.

Cintas Stock Performance

NASDAQ CTAS opened at $192.84 on Friday. The company has a market cap of $77.82 billion, a P/E ratio of 46.50, a P/E/G ratio of 3.98 and a beta of 1.41. 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 business’s 50 day moving average price is $200.02 and its 200-day moving average price is $209.13. Cintas Co. has a fifty-two week low of $155.89 and a fifty-two week high of $228.12.

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

Cintas Dividend Announcement

The firm also recently disclosed a quarterly dividend, which was paid on Friday, March 14th. Shareholders of record on Friday, February 14th were given a $0.39 dividend. This represents a $1.56 annualized dividend and a yield of 0.81%. The ex-dividend date was Friday, February 14th. Cintas’s dividend payout ratio (DPR) is presently 37.59%.

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.