J.W. Cole Advisors Inc. Reduces Holdings in Cintas Co. (NASDAQ:CTAS)

J.W. Cole Advisors Inc. decreased its holdings in shares of Cintas Co. (NASDAQ:CTAS) by 3.1% during the fourth quarter, according to its most recent disclosure with the SEC. The fund owned 534 shares of the business services provider’s stock after selling 17 shares during the period. J.W. Cole Advisors Inc.’s holdings in Cintas were worth $322,000 at the end of the most recent quarter.

A number of other large investors have also modified their holdings of CTAS. Invesco Ltd. grew its stake in shares of Cintas by 17.4% during the third quarter. Invesco Ltd. now owns 1,025,615 shares of the business services provider’s stock worth $493,331,000 after acquiring an additional 151,783 shares during the last quarter. American Century Companies Inc. grew its stake in shares of Cintas by 40.7% during the third quarter. American Century Companies Inc. now owns 488,574 shares of the business services provider’s stock worth $235,009,000 after acquiring an additional 141,375 shares during the last quarter. FMR LLC grew its stake in shares of Cintas by 5.5% during the third quarter. FMR LLC now owns 2,352,581 shares of the business services provider’s stock worth $1,131,615,000 after acquiring an additional 123,468 shares during the last quarter. Acadian Asset Management LLC boosted its position in Cintas by 257.8% in the third quarter. Acadian Asset Management LLC now owns 145,520 shares of the business services provider’s stock valued at $69,978,000 after buying an additional 104,854 shares during the last quarter. Finally, Nordea Investment Management AB boosted its position in Cintas by 16.6% in the fourth quarter. Nordea Investment Management AB now owns 600,311 shares of the business services provider’s stock valued at $360,637,000 after buying an additional 85,662 shares during the last quarter. Hedge funds and other institutional investors own 63.46% of the company’s stock.

Cintas Trading Down 0.3 %

Shares of CTAS stock opened at $664.13 on Thursday. The company has a debt-to-equity ratio of 0.58, a current ratio of 2.38 and a quick ratio of 2.03. The company has a market cap of $67.32 billion, a price-to-earnings ratio of 45.87, a PEG ratio of 3.90 and a beta of 1.27. The stock has a 50 day simple moving average of $646.30 and a 200-day simple moving average of $591.73. Cintas Co. has a 1-year low of $438.59 and a 1-year high of $704.84.

Cintas (NASDAQ:CTAS) last announced its earnings results on Wednesday, March 27th. The business services provider reported $3.84 earnings per share for the quarter, topping the consensus estimate of $3.58 by $0.26. Cintas had a return on equity of 37.19% and a net margin of 15.98%. The business had revenue of $2.41 billion during the quarter, compared to the consensus estimate of $2.39 billion. During the same period in the prior year, the company posted $3.14 EPS. The business’s quarterly revenue was up 9.9% on a year-over-year basis. On average, equities research analysts expect that Cintas Co. will post 14.95 EPS for the current fiscal year.

Cintas Announces Dividend

The company also recently disclosed a quarterly dividend, which will be paid on Friday, June 14th. Investors of record on Wednesday, May 15th will be paid a $1.35 dividend. This represents a $5.40 annualized dividend and a yield of 0.81%. The ex-dividend date of this dividend is Tuesday, May 14th. Cintas’s dividend payout ratio is currently 37.29%.

Analysts Set New Price Targets

A number of equities research analysts recently commented on CTAS shares. Truist Financial upped their target price on Cintas from $660.00 to $775.00 and gave the company a “buy” rating in a research report on Thursday, March 28th. The Goldman Sachs Group upped their target price on Cintas from $673.00 to $765.00 and gave the company a “buy” rating in a research report on Thursday, March 28th. Bank of America upped their target price on Cintas from $700.00 to $790.00 and gave the company a “buy” rating in a research report on Thursday, March 28th. Oppenheimer reiterated a “market perform” rating on shares of Cintas in a research report on Monday, April 1st. Finally, StockNews.com upgraded Cintas from a “hold” rating to a “buy” rating in a research report on Monday, March 25th. Six analysts have rated the stock with a hold rating and nine have issued a buy rating to the company’s stock. Based on data from MarketBeat.com, the stock presently has an average rating of “Moderate Buy” and an average price target of $661.21.

Cintas Company Profile

Cintas Corporation provides 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.