Ieq Capital LLC Sells 485 Shares of Cintas Co. (NASDAQ:CTAS)

Ieq Capital LLC lessened its position in Cintas Co. (NASDAQ:CTAS) by 0.9% during the 4th quarter, according to its most recent 13F filing with the SEC. The institutional investor owned 52,452 shares of the business services provider’s stock after selling 485 shares during the period. Ieq Capital LLC’s holdings in Cintas were worth $9,583,000 as of its most recent filing with the SEC.

Several other large investors have also made changes to their positions in CTAS. Financial Management Professionals Inc. boosted its position in Cintas by 341.4% in the third quarter. Financial Management Professionals Inc. now owns 128 shares of the business services provider’s stock valued at $26,000 after buying an additional 99 shares in the last quarter. Hollencrest Capital Management raised its stake in shares of Cintas by 433.3% in the third quarter. Hollencrest Capital Management now owns 128 shares of the business services provider’s stock valued at $26,000 after acquiring an additional 104 shares during the last quarter. Sound Income Strategies LLC acquired a new position in shares of Cintas in the 4th quarter worth approximately $27,000. Addison Advisors LLC grew its position in Cintas by 495.7% during the 3rd quarter. Addison Advisors LLC now owns 137 shares of the business services provider’s stock worth $28,000 after acquiring an additional 114 shares during the last quarter. Finally, Endeavor Private Wealth Inc. acquired a new stake in Cintas during the 4th quarter valued at $31,000. Institutional investors own 63.46% of the company’s stock.

Analyst Ratings Changes

A number of equities analysts have commented on CTAS shares. The Goldman Sachs Group reduced their price objective on Cintas from $236.00 to $211.00 and set a “buy” rating on the stock in a research note on Friday, December 20th. Royal Bank of Canada reaffirmed a “sector perform” rating and issued a $215.00 price target on shares of Cintas in a report on Friday, December 20th. Robert W. Baird decreased their price objective on shares of Cintas from $209.00 to $200.00 and set a “neutral” rating on the stock in a report on Friday, December 20th. Truist Financial dropped 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. Finally, UBS Group reduced their target price 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. Two equities research 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’s stock. According to data from MarketBeat.com, the company currently has an average rating of “Hold” and a consensus target price of $198.46.

Cintas Price Performance

Shares of CTAS stock opened at $205.93 on Friday. The firm’s 50 day moving average price is $196.67 and its two-hundred day moving average price is $207.94. 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 $83.10 billion, a PE ratio of 49.65, a PEG ratio of 3.93 and a beta of 1.38. Cintas Co. has a 52-week low of $153.45 and a 52-week high of $228.12.

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

Cintas Announces Dividend

The business also recently declared a quarterly dividend, which will be paid on Friday, March 14th. Stockholders of record on Friday, February 14th will be paid a $0.39 dividend. The ex-dividend date of this dividend is Friday, February 14th. This represents a $1.56 dividend on an annualized basis and a dividend yield of 0.76%. Cintas’s dividend payout ratio (DPR) is presently 37.61%.

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.