Asset Advisors Investment Management LLC Has $30.94 Million Holdings in Cintas Co. (NASDAQ:CTAS)

Asset Advisors Investment Management LLC lessened its position in shares of Cintas Co. (NASDAQ:CTAS) by 2.5% during the fourth quarter, HoldingsChannel.com reports. The fund owned 169,336 shares of the business services provider’s stock after selling 4,412 shares during the period. Cintas makes up approximately 3.2% of Asset Advisors Investment Management LLC’s holdings, making the stock its 7th largest holding. Asset Advisors Investment Management LLC’s holdings in Cintas were worth $30,938,000 as of its most recent filing with the Securities and Exchange Commission.

Several other institutional investors and hedge funds have also bought and sold shares of CTAS. Financial Management Professionals Inc. boosted its position in shares of Cintas by 341.4% during the 3rd quarter. Financial Management Professionals Inc. now owns 128 shares of the business services provider’s stock valued at $26,000 after acquiring an additional 99 shares during the last quarter. Hollencrest Capital Management raised its stake in 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 purchasing an additional 104 shares in the last quarter. Sound Income Strategies LLC bought a new stake in Cintas during the fourth quarter valued at approximately $27,000. Addison Advisors LLC increased its holdings in shares of Cintas by 495.7% in the 3rd 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 last quarter. Finally, Endeavor Private Wealth Inc. purchased a new stake in shares of Cintas during the 4th quarter valued at $31,000. 63.46% of the stock is currently owned by hedge funds and other institutional investors.

Analyst Upgrades and Downgrades

Several research analysts recently issued reports on the stock. Morgan Stanley upped their target price 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. UBS Group dropped their price target on Cintas from $240.00 to $218.00 and set a “buy” rating for the company in a research note on Friday, December 20th. Wells Fargo & Company reduced their price objective on Cintas from $191.00 to $184.00 and set an “underweight” rating on the stock in a research report on Friday, December 20th. Robert W. Baird cut 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, Truist Financial reduced their price target on shares of Cintas from $225.00 to $215.00 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 given a hold rating and six have issued a buy rating to the company’s stock. According to MarketBeat, the company presently has an average rating of “Hold” and an average target price of $198.46.

Cintas Trading Down 0.7 %

Shares of CTAS opened at $204.43 on Monday. Cintas Co. has a 1-year low of $154.15 and a 1-year high of $228.12. The company has a current ratio of 1.58, a quick ratio of 1.38 and a debt-to-equity ratio of 0.47. The firm’s 50-day moving average price is $196.53 and its 200-day moving average price is $208.39. The firm has a market capitalization of $82.50 billion, a price-to-earnings ratio of 49.29, a PEG ratio of 3.98 and a beta of 1.38.

Cintas (NASDAQ:CTAS) last posted its quarterly earnings data on Thursday, December 19th. The business services provider reported $1.09 earnings per share for the quarter, beating 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 analysts’ expectations of $2.56 billion. During the same period in the previous year, the firm posted $3.61 EPS. The business’s revenue was up 7.8% on a year-over-year basis. Sell-side analysts anticipate that Cintas Co. will post 4.31 EPS for the current year.

Cintas Dividend Announcement

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