Nisa Investment Advisors LLC Has $31.97 Million Position in Cintas Co. (NASDAQ:CTAS)

Nisa Investment Advisors LLC lessened its holdings in Cintas Co. (NASDAQ:CTAS) by 1.6% in the 4th quarter, according to its most recent disclosure with the Securities & Exchange Commission. The institutional investor owned 174,975 shares of the business services provider’s stock after selling 2,796 shares during the period. Nisa Investment Advisors LLC’s holdings in Cintas were worth $31,968,000 at the end of the most recent quarter.

A number of other hedge funds and other institutional investors have also recently added to or reduced their stakes in CTAS. AE Wealth Management LLC lifted its position in shares of Cintas by 32.0% during the 2nd quarter. AE Wealth Management LLC now owns 3,223 shares of the business services provider’s stock worth $2,257,000 after buying an additional 781 shares during the period. Sei Investments Co. lifted its holdings in shares of Cintas by 57.4% during the second quarter. Sei Investments Co. now owns 38,848 shares of the business services provider’s stock valued at $27,202,000 after acquiring an additional 14,170 shares during the period. Frank Rimerman Advisors LLC lifted its holdings in shares of Cintas by 38,533.3% during the second quarter. Frank Rimerman Advisors LLC now owns 1,159 shares of the business services provider’s stock valued at $812,000 after acquiring an additional 1,156 shares during the period. Steel Grove Capital Advisors LLC acquired a new stake in shares of Cintas in the 2nd quarter valued at $298,000. Finally, Evergreen Capital Management LLC grew its holdings in shares of Cintas by 4.8% in the 2nd quarter. Evergreen Capital Management LLC now owns 827 shares of the business services provider’s stock worth $579,000 after purchasing an additional 38 shares during the last quarter. Institutional investors own 63.46% of the company’s stock.

Analysts Set New Price Targets

A number of research firms have commented on CTAS. Wells Fargo & Company reduced their price target on shares of Cintas from $191.00 to $184.00 and set an “underweight” rating on the stock in a research report on Friday, December 20th. Truist Financial decreased their price target on Cintas from $225.00 to $215.00 and set a “buy” rating on the stock in a research report on Friday, December 20th. Jefferies Financial Group reduced their price objective on Cintas from $730.00 to $200.00 and set a “hold” rating on the stock in a research note on Thursday, September 26th. Robert W. Baird lowered their target price on Cintas from $209.00 to $200.00 and set a “neutral” rating for the company in a research note on Friday, December 20th. Finally, 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. Two research analysts have rated the stock with a sell rating, nine have issued a hold rating and six have issued a buy rating to the company. According to MarketBeat.com, Cintas has an average rating of “Hold” and an average price target of $198.46.

Cintas Price Performance

Shares of CTAS stock opened at $201.23 on Wednesday. The firm’s 50 day moving average price is $204.69 and its two-hundred day moving average price is $205.50. The company has a debt-to-equity ratio of 0.47, a quick ratio of 1.38 and a current ratio of 1.58. Cintas Co. has a 52-week low of $148.75 and a 52-week high of $228.12. The stock has a market cap of $81.20 billion, a PE ratio of 48.52, a PEG ratio of 3.83 and a beta of 1.37.

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

Cintas Dividend Announcement

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 0.78%. Cintas’s dividend payout ratio (DPR) is presently 37.61%.

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.