Flputnam Investment Management Co. Sells 214 Shares of Cintas Co. (NASDAQ:CTAS)

Flputnam Investment Management Co. decreased its holdings in Cintas Co. (NASDAQ:CTAS) by 6.8% in the fourth quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The fund owned 2,929 shares of the business services provider’s stock after selling 214 shares during the period. Flputnam Investment Management Co.’s holdings in Cintas were worth $535,000 at the end of the most recent quarter.

Several other institutional investors and hedge funds also recently added to or reduced their stakes in the stock. Hollencrest Capital Management lifted its stake in shares of Cintas by 433.3% in the 3rd quarter. Hollencrest Capital Management now owns 128 shares of the business services provider’s stock valued at $26,000 after purchasing an additional 104 shares during the last quarter. Sound Income Strategies LLC bought a new stake in Cintas in the fourth quarter worth $27,000. Addison Advisors LLC boosted its stake in Cintas by 495.7% during the third quarter. Addison Advisors LLC now owns 137 shares of the business services provider’s stock worth $28,000 after buying an additional 114 shares during the period. Endeavor Private Wealth Inc. purchased a new position in Cintas during the fourth quarter worth $31,000. Finally, Quintet Private Bank Europe S.A. raised its stake in shares of Cintas by 357.1% in the third quarter. Quintet Private Bank Europe S.A. now owns 160 shares of the business services provider’s stock valued at $33,000 after acquiring an additional 125 shares during the period. Hedge funds and other institutional investors own 63.46% of the company’s stock.

Analyst Upgrades and Downgrades

A number of equities analysts recently commented on CTAS shares. The Goldman Sachs Group dropped their price target on shares of Cintas from $236.00 to $211.00 and set a “buy” rating for the company in a research note on Friday, December 20th. Truist Financial dropped their target price on Cintas from $225.00 to $215.00 and set a “buy” rating for the company in a research report on Friday, December 20th. UBS Group reduced their price target on Cintas from $240.00 to $218.00 and set a “buy” rating on the stock in a report on Friday, December 20th. Wells Fargo & Company dropped their price objective on Cintas from $191.00 to $184.00 and set an “underweight” rating for the company in a report on Friday, December 20th. Finally, Robert W. Baird cut their price objective on Cintas from $209.00 to $200.00 and set a “neutral” rating on the stock in a research report on Friday, December 20th. Two investment analysts have rated the stock with a sell rating, nine have assigned a hold rating and six have given a buy rating to the company’s stock. According to MarketBeat.com, the stock has an average rating of “Hold” and an average target price of $199.79.

Cintas Trading Down 0.0 %

NASDAQ CTAS opened at $207.43 on Tuesday. Cintas Co. has a one year low of $154.15 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 company has a market capitalization of $83.71 billion, a price-to-earnings ratio of 50.01, a price-to-earnings-growth ratio of 3.98 and a beta of 1.38. The company’s 50-day simple moving average is $197.54 and its two-hundred day simple moving average is $209.05.

Cintas (NASDAQ:CTAS) last issued its quarterly earnings data on Thursday, December 19th. The business services provider reported $1.09 earnings per share (EPS) for the quarter, beating the consensus estimate of $1.01 by $0.08. The company had revenue of $2.56 billion for the quarter, compared to analyst estimates of $2.56 billion. Cintas had a net margin of 17.23% and a return on equity of 40.62%. Cintas’s revenue was up 7.8% compared to the same quarter last year. During the same period last year, the company posted $3.61 earnings per share. Equities analysts forecast that Cintas Co. will post 4.31 EPS for the current fiscal year.

Cintas Dividend Announcement

The business also recently disclosed a quarterly dividend, which will be paid on Friday, March 14th. Investors of record on Friday, February 14th will be given a dividend of $0.39 per share. This represents a $1.56 dividend on an annualized basis and a yield of 0.75%. The ex-dividend date of this dividend is Friday, February 14th. Cintas’s payout ratio is currently 37.59%.

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.