Intrust Bank NA Has $1.07 Million Stock Position in Cintas Co. (NASDAQ:CTAS)

Intrust Bank NA cut its position in Cintas Co. (NASDAQ:CTAS) by 1.6% during the fourth quarter, HoldingsChannel.com reports. The institutional investor owned 5,864 shares of the business services provider’s stock after selling 96 shares during the quarter. Intrust Bank NA’s holdings in Cintas were worth $1,071,000 as of its most recent filing with the Securities and Exchange Commission.

Several other institutional investors have also recently bought and sold shares of CTAS. Allstate Corp bought a new position in shares of Cintas in the fourth quarter worth about $1,921,000. Brown Brothers Harriman & Co. increased its position in Cintas by 6.3% in the 4th quarter. Brown Brothers Harriman & Co. now owns 9,901 shares of the business services provider’s stock worth $1,809,000 after buying an additional 591 shares during the period. denkapparat Operations GmbH acquired a new position in shares of Cintas during the fourth quarter worth approximately $250,000. Orion Portfolio Solutions LLC boosted its position in shares of Cintas by 7.7% in the fourth quarter. Orion Portfolio Solutions LLC now owns 20,907 shares of the business services provider’s stock valued at $3,820,000 after acquiring an additional 1,501 shares during the period. Finally, Pictet Asset Management Holding SA boosted its position in shares of Cintas by 6.4% in the fourth quarter. Pictet Asset Management Holding SA now owns 1,536,834 shares of the business services provider’s stock valued at $280,780,000 after acquiring an additional 92,591 shares during the period. Institutional investors own 63.46% of the company’s stock.

Cintas Trading Down 1.5 %

Shares of Cintas stock opened at $203.22 on Friday. Cintas Co. has a 12-month low of $162.16 and a 12-month high of $228.12. The stock has a market capitalization of $82.01 billion, a P/E ratio of 49.00, a price-to-earnings-growth ratio of 3.98 and a beta of 1.41. The company has a 50-day simple moving average of $201.01 and a 200 day simple moving average of $208.92. The company has a quick ratio of 1.38, a current ratio of 1.58 and a debt-to-equity ratio of 0.47.

Cintas (NASDAQ:CTAS) last posted its earnings results on Wednesday, March 26th. The business services provider reported $1.13 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $1.05 by $0.08. The company had revenue of $2.61 billion during the quarter, compared to analysts’ expectations of $2.60 billion. Cintas had a net margin of 17.23% and a return on equity of 40.62%. Cintas’s quarterly revenue was up 8.4% compared to the same quarter last year. During the same quarter in the previous year, the company posted $3.84 earnings per share. Research analysts expect that Cintas Co. will post 4.31 earnings per share for the current fiscal year.

Cintas Dividend Announcement

The firm also recently announced a quarterly dividend, which was paid on Friday, March 14th. Stockholders of record on Friday, February 14th were issued a dividend of $0.39 per share. This represents a $1.56 annualized dividend and a dividend yield of 0.77%. The ex-dividend date was Friday, February 14th. Cintas’s payout ratio is presently 36.11%.

Wall Street Analysts Forecast Growth

Several research firms recently commented on CTAS. Morgan Stanley upped their target price on shares of Cintas from $195.00 to $213.00 and gave the company an “equal weight” rating in a research note on Thursday. Truist Financial upped their price objective on shares of Cintas from $215.00 to $230.00 and gave the company a “buy” rating in a research report on Thursday. The Goldman Sachs Group lifted their target price on Cintas from $211.00 to $233.00 and gave the stock a “buy” rating in a research report on Thursday. Robert W. Baird upped their price target on Cintas from $200.00 to $227.00 and gave the company a “neutral” rating in a report on Thursday. Finally, Wells Fargo & Company lifted their price objective on Cintas from $184.00 to $196.00 and gave the stock an “underweight” rating in a report on Thursday. Two equities research analysts have rated the stock with a sell rating, eight have assigned a hold rating and five have issued a buy rating to the company. According to MarketBeat.com, the stock currently has an average rating of “Hold” and a consensus price target of $210.58.

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.