Cintas Co. (NASDAQ:CTAS) Shares Sold by TAP Consulting LLC

TAP Consulting LLC trimmed its position in Cintas Co. (NASDAQ:CTAS) by 3.6% in the fourth quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The fund owned 4,920 shares of the business services provider’s stock after selling 186 shares during the quarter. TAP Consulting LLC’s holdings in Cintas were worth $2,965,000 as of its most recent filing with the Securities and Exchange Commission.

Several other institutional investors and hedge funds have also made changes to their positions in the company. Columbus Macro LLC raised its position in shares of Cintas by 1.2% during the 4th quarter. Columbus Macro LLC now owns 1,453 shares of the business services provider’s stock worth $871,000 after purchasing an additional 17 shares during the period. Quent Capital LLC boosted its holdings in shares of Cintas by 22.8% during the fourth quarter. Quent Capital LLC now owns 97 shares of the business services provider’s stock valued at $59,000 after acquiring an additional 18 shares during the period. Greenleaf Trust grew its position in shares of Cintas by 1.0% during the third quarter. Greenleaf Trust now owns 1,899 shares of the business services provider’s stock worth $913,000 after acquiring an additional 19 shares during the last quarter. Catalyst Capital Advisors LLC increased its holdings in shares of Cintas by 33.9% in the 3rd quarter. Catalyst Capital Advisors LLC now owns 75 shares of the business services provider’s stock worth $36,000 after acquiring an additional 19 shares during the period. Finally, KMG Fiduciary Partners LLC lifted its position in Cintas by 1.6% in the 3rd quarter. KMG Fiduciary Partners LLC now owns 1,338 shares of the business services provider’s stock valued at $644,000 after purchasing an additional 21 shares during the last quarter. 63.46% of the stock is owned by institutional investors and hedge funds.

Cintas Trading Up 0.2 %

Shares of Cintas stock traded up $1.12 during trading on Thursday, hitting $665.25. The stock had a trading volume of 289,767 shares, compared to its average volume of 351,245. The stock has a 50 day simple moving average of $647.19 and a 200 day simple moving average of $592.24. Cintas Co. has a 1 year low of $438.59 and a 1 year high of $704.84. The company has a quick ratio of 2.03, a current ratio of 2.38 and a debt-to-equity ratio of 0.58. The company has a market capitalization of $67.44 billion, a PE ratio of 45.94, a P/E/G ratio of 3.90 and a beta of 1.27.

Cintas (NASDAQ:CTAS) last issued its earnings results on Wednesday, March 27th. The business services provider reported $3.84 EPS for the quarter, topping the consensus estimate of $3.58 by $0.26. The business had revenue of $2.41 billion during the quarter, compared to analysts’ expectations of $2.39 billion. Cintas had a return on equity of 37.19% and a net margin of 15.98%. Cintas’s revenue was up 9.9% compared to the same quarter last year. During the same quarter last year, the firm posted $3.14 earnings per share. On average, research analysts expect that Cintas Co. will post 14.95 EPS for the current fiscal year.

Cintas Announces Dividend

The company also recently declared a quarterly dividend, which will be paid on Friday, June 14th. Shareholders of record on Wednesday, May 15th will be issued a $1.35 dividend. The ex-dividend date is Tuesday, May 14th. This represents a $5.40 annualized dividend and a yield of 0.81%. Cintas’s dividend payout ratio (DPR) is 37.29%.

Wall Street Analysts Forecast Growth

Several brokerages have recently issued reports on CTAS. Barclays boosted their price objective on Cintas from $630.00 to $700.00 and gave the stock an “overweight” rating in a research report on Thursday, February 29th. Deutsche Bank Aktiengesellschaft raised their price target on Cintas from $629.00 to $726.00 and gave the company a “hold” rating in a report on Thursday, March 28th. Oppenheimer reaffirmed a “market perform” rating on shares of Cintas in a report on Monday, April 1st. Robert W. Baird raised their target price on shares of Cintas from $660.00 to $750.00 and gave the company an “outperform” rating in a research note on Thursday, March 28th. Finally, Truist Financial upped their price target on shares of Cintas from $660.00 to $775.00 and gave the stock a “buy” rating in a research note on Thursday, March 28th. Six investment analysts have rated the stock with a hold rating and nine have issued a buy rating to the company’s stock. According to data from MarketBeat, the stock presently has a consensus rating of “Moderate Buy” and an average price target of $661.21.

About Cintas

Cintas Corporation provides 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.