Cintas Co. (NASDAQ:CTAS) Shares Sold by Kentucky Retirement Systems

Kentucky Retirement Systems decreased its holdings in Cintas Co. (NASDAQ:CTAS) by 1.4% in the 4th quarter, according to the company in its most recent disclosure with the SEC. The institutional investor owned 23,544 shares of the business services provider’s stock after selling 324 shares during the quarter. Kentucky Retirement Systems’ holdings in Cintas were worth $4,301,000 as of its most recent filing with the SEC.

Other large investors also recently modified their holdings of the company. Blue Trust Inc. increased its stake in Cintas by 210.5% during the 3rd quarter. Blue Trust Inc. now owns 1,273 shares of the business services provider’s stock valued at $262,000 after buying an additional 863 shares during the period. Allspring Global Investments Holdings LLC boosted its holdings in shares of Cintas by 343.9% in the third quarter. Allspring Global Investments Holdings LLC now owns 111,599 shares of the business services provider’s stock valued at $22,976,000 after acquiring an additional 86,460 shares in the last quarter. Sequoia Financial Advisors LLC increased its stake in shares of Cintas by 349.8% during the third quarter. Sequoia Financial Advisors LLC now owns 5,767 shares of the business services provider’s stock valued at $1,187,000 after acquiring an additional 4,485 shares during the period. Private Advisor Group LLC raised its holdings in Cintas by 273.6% during the third quarter. Private Advisor Group LLC now owns 30,361 shares of the business services provider’s stock worth $6,250,000 after purchasing an additional 22,235 shares in the last quarter. Finally, Commerzbank Aktiengesellschaft FI bought a new stake in Cintas during the third quarter worth approximately $271,000. 63.46% of the stock is owned by institutional investors and hedge funds.

Analysts Set New Price Targets

CTAS has been the subject of a number of research reports. Wells Fargo & Company lowered their price target on Cintas from $191.00 to $184.00 and set an “underweight” rating on the stock in a research report on Friday, December 20th. UBS Group decreased their target price on Cintas from $240.00 to $218.00 and set a “buy” rating for the company in a research note on Friday, December 20th. Morgan Stanley boosted their price target on shares of Cintas from $185.00 to $202.00 and gave the stock an “equal weight” rating in a research report on Thursday, December 12th. 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 report on Friday, December 20th. Finally, Robert W. Baird dropped their target price 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. Two research analysts have rated the stock with a sell rating, nine have assigned a hold rating and six have assigned a buy rating to the stock. According to data from MarketBeat.com, Cintas currently has an average rating of “Hold” and an average price target of $198.46.

Cintas Stock Performance

Shares of Cintas stock opened at $204.43 on Friday. Cintas Co. has a 12 month low of $154.15 and a 12 month high of $228.12. The company has a quick ratio of 1.38, a current ratio of 1.58 and a debt-to-equity ratio of 0.47. The stock has a market cap of $82.50 billion, a PE ratio of 49.29, a price-to-earnings-growth ratio of 4.02 and a beta of 1.38. The business has a fifty day simple moving average of $196.53 and a 200-day simple moving average of $208.08.

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. Cintas had a return on equity of 40.62% and a net margin of 17.23%. The firm 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 EPS. The business’s quarterly revenue was up 7.8% compared to the same quarter last year. On average, sell-side analysts anticipate that Cintas Co. will post 4.31 EPS for the current fiscal year.

Cintas Announces Dividend

The business also recently disclosed a quarterly dividend, which will be paid on Friday, March 14th. Shareholders of record on Friday, February 14th will be paid a $0.39 dividend. The ex-dividend date is Friday, February 14th. This represents a $1.56 annualized dividend and a yield of 0.76%. Cintas’s dividend payout ratio 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.