Cintas Co. (NASDAQ:CTAS) Shares Sold by Chicago Partners Investment Group LLC

Chicago Partners Investment Group LLC trimmed its position in shares of Cintas Co. (NASDAQ:CTAS) by 13.0% in the fourth quarter, Holdings Channel.com reports. The firm owned 1,306 shares of the business services provider’s stock after selling 195 shares during the period. Chicago Partners Investment Group LLC’s holdings in Cintas were worth $252,000 as of its most recent SEC filing.

Several other hedge funds and other institutional investors have also recently added to or reduced their stakes in CTAS. Mediolanum International Funds Ltd increased its stake in shares of Cintas by 477.6% in the fourth quarter. Mediolanum International Funds Ltd now owns 12,731 shares of the business services provider’s stock worth $2,333,000 after buying an additional 10,527 shares during the last quarter. Palmer Knight Co increased its position in shares of Cintas by 0.4% in the 4th quarter. Palmer Knight Co now owns 45,957 shares of the business services provider’s stock worth $8,396,000 after purchasing an additional 177 shares during the last quarter. Gries Financial LLC raised its stake in shares of Cintas by 7.2% in the 4th quarter. Gries Financial LLC now owns 4,588 shares of the business services provider’s stock valued at $838,000 after purchasing an additional 307 shares in the last quarter. Milestone Asset Management LLC lifted its position in shares of Cintas by 46.9% during the fourth quarter. Milestone Asset Management LLC now owns 11,339 shares of the business services provider’s stock worth $2,072,000 after purchasing an additional 3,622 shares during the last quarter. Finally, Ibex Wealth Advisors acquired a new position in Cintas in the fourth quarter worth about $249,000. Hedge funds and other institutional investors own 63.46% of the company’s stock.

Cintas Price Performance

Shares of CTAS opened at $200.61 on Wednesday. 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 firm has a market cap of $80.95 billion, a PE ratio of 48.37, a PEG ratio of 3.87 and a beta of 1.38. Cintas Co. has a twelve month low of $150.70 and a twelve month high of $228.12. The firm’s 50 day moving average price is $200.71 and its 200 day moving average price is $206.91.

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

Cintas Dividend Announcement

The business also recently declared 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. The ex-dividend date of this dividend is Friday, February 14th. This represents a $1.56 annualized dividend and a yield of 0.78%. Cintas’s dividend payout ratio (DPR) is presently 37.61%.

Analyst Upgrades and Downgrades

Several brokerages have issued reports on CTAS. Royal Bank of Canada restated a “sector perform” rating and set a $215.00 price objective on shares of Cintas in a research note on Friday, December 20th. Morgan Stanley raised their price objective on Cintas from $185.00 to $202.00 and gave the stock an “equal weight” rating in a research note on Thursday, December 12th. Truist Financial lowered their target price on shares of Cintas from $225.00 to $215.00 and set a “buy” rating for the company in a research note on Friday, December 20th. UBS Group reduced their price target on shares of Cintas from $240.00 to $218.00 and set a “buy” rating on the stock in a research report on Friday, December 20th. Finally, Robert W. Baird lowered their price objective on shares of Cintas from $209.00 to $200.00 and set a “neutral” rating for the company in a research report on Friday, December 20th. Two research analysts have rated the stock with a sell rating, nine have assigned a hold rating and six have assigned a buy rating to the stock. According to data from MarketBeat.com, Cintas currently has an average 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.