Centennial Wealth Advisory LLC Takes Position in Cintas Corporation (NASDAQ:CTAS)

Centennial Wealth Advisory LLC acquired a new position in shares of Cintas Corporation (NASDAQ:CTAS - Free Report) during the first quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The firm acquired 1,174 shares of the business services provider's stock, valued at approximately $241,000.

Other hedge funds and other institutional investors have also made changes to their positions in the company. Brighton Jones LLC raised its stake in shares of Cintas by 9.3% in the 4th quarter. Brighton Jones LLC now owns 1,268 shares of the business services provider's stock valued at $232,000 after purchasing an additional 108 shares during the period. Bank Pictet & Cie Europe AG grew its holdings in shares of Cintas by 0.7% during the fourth quarter. Bank Pictet & Cie Europe AG now owns 514,336 shares of the business services provider's stock worth $93,969,000 after buying an additional 3,504 shares in the last quarter. Allworth Financial LP raised its position in Cintas by 3.4% in the 4th quarter. Allworth Financial LP now owns 5,800 shares of the business services provider's stock valued at $1,154,000 after buying an additional 192 shares during the last quarter. Truist Financial Corp raised its position in Cintas by 11.8% in the 4th quarter. Truist Financial Corp now owns 42,238 shares of the business services provider's stock valued at $7,717,000 after buying an additional 4,447 shares during the last quarter. Finally, Kestra Investment Management LLC bought a new stake in Cintas in the 4th quarter valued at approximately $55,000. 63.46% of the stock is currently owned by institutional investors and hedge funds.

Cintas Trading Down 0.4%

Shares of NASDAQ:CTAS opened at $220.42 on Friday. Cintas Corporation has a 52-week low of $172.20 and a 52-week high of $229.24. The company has a debt-to-equity ratio of 0.44, a quick ratio of 1.50 and a current ratio of 1.72. The company has a market capitalization of $89.00 billion, a P/E ratio of 51.05, a price-to-earnings-growth ratio of 3.44 and a beta of 1.07. The company has a 50-day simple moving average of $216.98 and a 200 day simple moving average of $205.59.

Cintas (NASDAQ:CTAS - Get Free Report) last released its quarterly earnings data on Wednesday, March 26th. The business services provider reported $1.13 earnings per share (EPS) for the quarter, beating analysts' consensus estimates of $1.05 by $0.08. Cintas had a return on equity of 41.30% and a net margin of 17.53%. The company had revenue of $2.61 billion during the quarter, compared to analysts' expectations of $2.60 billion. During the same period last year, the firm posted $3.84 earnings per share. The business's revenue was up 8.4% on a year-over-year basis. Sell-side analysts forecast that Cintas Corporation will post 4.31 earnings per share for the current year.

Cintas Dividend Announcement

The business also recently disclosed a quarterly dividend, which was paid on Friday, June 13th. Stockholders of record on Thursday, May 15th were given a $0.39 dividend. This represents a $1.56 annualized dividend and a dividend yield of 0.71%. The ex-dividend date was Thursday, May 15th. Cintas's payout ratio is presently 36.11%.

Insider Transactions at Cintas

In other Cintas news, COO Jim Rozakis sold 2,000 shares of the company's stock in a transaction on Monday, April 7th. The stock was sold at an average price of $190.37, for a total value of $380,740.00. Following the transaction, the chief operating officer now directly owns 256,528 shares of the company's stock, valued at $48,835,235.36. This represents a 0.77% decrease in their position. The sale was disclosed in a filing with the SEC, which is available through this hyperlink. Also, Director Ronald W. Tysoe sold 8,521 shares of the stock in a transaction on Monday, April 14th. The stock was sold at an average price of $208.96, for a total value of $1,780,548.16. Following the transaction, the director now owns 27,029 shares in the company, valued at $5,647,979.84. The trade was a 23.97% decrease in their position. The disclosure for this sale can be found here. 15.00% of the stock is currently owned by corporate insiders.

Wall Street Analyst Weigh In

Several equities analysts have recently weighed in on CTAS shares. Redburn Atlantic cut shares of Cintas from a "neutral" rating to a "sell" rating and set a $171.00 price target for the company. in a research note on Thursday, May 1st. Argus raised shares of Cintas to a "strong-buy" rating in a research report on Wednesday, April 16th. Robert W. Baird lifted their price target on shares of Cintas from $200.00 to $227.00 and gave the company a "neutral" rating in a research note on Thursday, March 27th. The Goldman Sachs Group increased their price objective on shares of Cintas from $211.00 to $233.00 and gave the stock a "buy" rating in a research note on Thursday, March 27th. Finally, Bank of America began coverage on Cintas in a research report on Thursday, April 10th. They issued a "buy" rating and a $250.00 target price on the stock. Three equities research analysts have rated the stock with a sell rating, six have assigned a hold rating, five have issued a buy rating and one has issued a strong buy rating to the company's stock. According to data from MarketBeat, Cintas presently has an average rating of "Hold" and a consensus price target of $215.81.

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.

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