Cintas Co. (NASDAQ:CTAS) Shares Sold by Nicholas Company Inc.

Nicholas Company Inc. trimmed its holdings in Cintas Co. (NASDAQ:CTAS) by 6.9% in the fourth quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The fund owned 270,561 shares of the business services provider’s stock after selling 19,919 shares during the quarter. Nicholas Company Inc. owned 0.07% of Cintas worth $49,431,000 as of its most recent filing with the Securities and Exchange Commission.

A number of other institutional investors and hedge funds also recently bought and sold shares of the business. Harbour Investments Inc. lifted its holdings in Cintas by 17.1% in the 4th quarter. Harbour Investments Inc. now owns 492 shares of the business services provider’s stock valued at $90,000 after acquiring an additional 72 shares during the last quarter. Envestnet Portfolio Solutions Inc. lifted its holdings in Cintas by 31.9% in the 4th quarter. Envestnet Portfolio Solutions Inc. now owns 23,643 shares of the business services provider’s stock valued at $4,320,000 after acquiring an additional 5,724 shares during the last quarter. Choate Investment Advisors lifted its stake in Cintas by 18.8% during the fourth quarter. Choate Investment Advisors now owns 1,440 shares of the business services provider’s stock valued at $263,000 after buying an additional 228 shares in the last quarter. Frank Rimerman Advisors LLC lifted its stake in Cintas by 1.0% during the fourth quarter. Frank Rimerman Advisors LLC now owns 6,167 shares of the business services provider’s stock valued at $1,127,000 after buying an additional 59 shares in the last quarter. Finally, Clearstead Trust LLC purchased a new stake in Cintas during the fourth quarter valued at about $369,000. 63.46% of the stock is owned by institutional investors and hedge funds.

Cintas Stock Performance

Shares of NASDAQ:CTAS opened at $192.84 on Friday. Cintas Co. has a twelve month low of $155.89 and a twelve month high of $228.12. The firm has a market cap of $77.82 billion, a PE ratio of 46.50, a price-to-earnings-growth ratio of 3.98 and a beta of 1.41. 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 business has a fifty day moving average of $200.02 and a 200-day moving average of $209.13.

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

Cintas Dividend Announcement

The company also recently disclosed a quarterly dividend, which was paid on Friday, March 14th. Investors of record on Friday, February 14th were given a $0.39 dividend. The ex-dividend date was Friday, February 14th. This represents a $1.56 dividend on an annualized basis and a yield of 0.81%. Cintas’s payout ratio is 37.59%.

Wall Street Analysts Forecast Growth

A number of analysts have commented on the stock. Citigroup assumed coverage on shares of Cintas in a research note on Monday, February 24th. They set a “sell” rating and a $161.00 price objective for the company. The Goldman Sachs Group reduced their price objective 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. Royal Bank of Canada reaffirmed a “sector perform” rating and set a $215.00 price objective on shares of Cintas 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 for the company in a research report on Friday, December 20th. Finally, Truist Financial reduced their price target on shares of Cintas from $225.00 to $215.00 and set a “buy” rating for the company in a research report on Friday, December 20th. Two analysts have rated the stock with a sell rating, nine have issued a hold rating and six have assigned a buy rating to the company’s stock. According to data from MarketBeat, the stock currently has an average rating of “Hold” and an average target price of $199.79.

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.