Cintas Co. (NASDAQ:CTAS) Holdings Decreased by Wealth Enhancement Advisory Services LLC

Wealth Enhancement Advisory Services LLC lowered its stake in Cintas Co. (NASDAQ:CTAS - Free Report) by 22.4% in the fourth quarter, according to the company in its most recent disclosure with the SEC. The institutional investor owned 125,782 shares of the business services provider's stock after selling 36,345 shares during the quarter. Wealth Enhancement Advisory Services LLC's holdings in Cintas were worth $22,980,000 as of its most recent filing with the SEC.

A number of other large investors have also modified their holdings of the stock. Smith Shellnut Wilson LLC ADV grew its stake in shares of Cintas by 8.2% in the fourth quarter. Smith Shellnut Wilson LLC ADV now owns 5,768 shares of the business services provider's stock valued at $1,054,000 after buying an additional 436 shares in the last quarter. Park Square Financial Group LLC acquired a new stake in Cintas during the 4th quarter valued at approximately $69,000. Universal Beteiligungs und Servicegesellschaft mbH acquired a new stake in Cintas during the 4th quarter valued at approximately $66,909,000. Carolinas Wealth Consulting LLC increased its holdings in Cintas by 855.6% during the 4th quarter. Carolinas Wealth Consulting LLC now owns 344 shares of the business services provider's stock worth $63,000 after purchasing an additional 308 shares during the last quarter. Finally, Virtue Capital Management LLC increased its holdings in Cintas by 44.3% during the 4th quarter. Virtue Capital Management LLC now owns 1,750 shares of the business services provider's stock worth $320,000 after purchasing an additional 537 shares during the last quarter. Institutional investors and hedge funds own 63.46% of the company's stock.

Cintas Stock Performance

Shares of NASDAQ CTAS traded up $0.89 during trading on Tuesday, reaching $227.58. The stock had a trading volume of 1,264,107 shares, compared to its average volume of 1,694,063. Cintas Co. has a one year low of $168.11 and a one year high of $228.12. 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 stock has a market cap of $91.89 billion, a PE ratio of 54.87, a P/E/G ratio of 3.98 and a beta of 1.09. The firm's 50 day moving average price is $211.41 and its two-hundred day moving average price is $205.37.

Cintas (NASDAQ:CTAS - Get Free Report) last issued its quarterly earnings results on Wednesday, March 26th. The business services provider reported $1.13 earnings per share for the quarter, beating analysts' consensus estimates of $1.05 by $0.08. The business had revenue of $2.61 billion during the quarter, compared to the consensus estimate of $2.60 billion. Cintas had a return on equity of 40.62% and a net margin of 17.23%. The business's quarterly revenue was up 8.4% on a year-over-year basis. During the same period in the previous year, the business earned $3.84 EPS. On average, research analysts forecast that Cintas Co. will post 4.31 earnings per share for the current fiscal year.

Cintas Dividend Announcement

The business also recently announced a quarterly dividend, which will be paid on Friday, June 13th. Shareholders of record on Thursday, May 15th will be paid a $0.39 dividend. This represents a $1.56 dividend on an annualized basis and a yield of 0.69%. The ex-dividend date is Thursday, May 15th. Cintas's payout ratio is 36.11%.

Analysts Set New Price Targets

Several equities research analysts have issued reports on the company. Truist Financial lifted their price objective on Cintas from $215.00 to $230.00 and gave the stock a "buy" rating in a report on Thursday, March 27th. Robert W. Baird lifted their price objective on Cintas from $200.00 to $227.00 and gave the stock a "neutral" rating in a report on Thursday, March 27th. Argus upgraded Cintas to a "strong-buy" rating in a report on Wednesday, April 16th. UBS Group lifted their price objective on Cintas from $218.00 to $240.00 and gave the stock a "buy" rating in a report on Thursday, March 27th. Finally, Wells Fargo & Company lifted their price objective on Cintas from $184.00 to $196.00 and gave the stock an "underweight" rating in a report on Thursday, March 27th. Three equities research analysts have rated the stock with a sell rating, six have assigned a hold rating, six have assigned a buy rating and one has given a strong buy rating to the company. Based on data from MarketBeat.com, the stock has an average rating of "Hold" and an average target price of $213.88.

Insider Buying and Selling at Cintas

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

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.