Marshall Financial Group LLC Sells 275 Shares of Cintas Co. (NASDAQ:CTAS)

Marshall Financial Group LLC cut its holdings in Cintas Co. (NASDAQ:CTAS) by 3.5% in the fourth quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor owned 7,666 shares of the business services provider’s stock after selling 275 shares during the period. Marshall Financial Group LLC’s holdings in Cintas were worth $1,401,000 at the end of the most recent reporting period.

Several other hedge funds have also recently bought and sold shares of the business. Caxton Associates LP acquired a new position in Cintas during the second quarter valued at approximately $371,000. APG Asset Management N.V. boosted its holdings in shares of Cintas by 52.2% during the 2nd quarter. APG Asset Management N.V. now owns 72,569 shares of the business services provider’s stock worth $47,415,000 after buying an additional 24,901 shares during the period. MBB Public Markets I LLC boosted its holdings in shares of Cintas by 1,419.2% during the 2nd quarter. MBB Public Markets I LLC now owns 6,502 shares of the business services provider’s stock worth $4,553,000 after buying an additional 6,074 shares during the period. The Manufacturers Life Insurance Company grew its stake in Cintas by 0.4% in the 2nd quarter. The Manufacturers Life Insurance Company now owns 152,814 shares of the business services provider’s stock valued at $107,010,000 after buying an additional 575 shares during the last quarter. Finally, Mackenzie Financial Corp raised its holdings in Cintas by 3.8% in the 2nd quarter. Mackenzie Financial Corp now owns 9,744 shares of the business services provider’s stock worth $6,823,000 after acquiring an additional 354 shares during the period. 63.46% of the stock is owned by institutional investors and hedge funds.

Analyst Ratings Changes

Several equities research analysts have recently issued reports on CTAS shares. Royal Bank of Canada reaffirmed a “sector perform” rating and issued a $215.00 price target on shares of Cintas in a research report on Friday, December 20th. Wells Fargo & Company lowered their target price on Cintas from $191.00 to $184.00 and set an “underweight” rating on the stock in a report on Friday, December 20th. Truist Financial dropped 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. Robert W. Baird reduced their price objective on Cintas from $209.00 to $200.00 and set a “neutral” rating for the company in a research report on Friday, December 20th. Finally, The Goldman Sachs Group dropped their target price on shares of Cintas from $236.00 to $211.00 and set a “buy” rating on the stock in a research report on Friday, December 20th. Two equities 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 MarketBeat, the stock presently has a consensus rating of “Hold” and an average price target of $198.46.

Cintas Stock Down 0.2 %

Shares of CTAS opened at $197.39 on Friday. 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 company has a 50-day moving average price of $202.99 and a two-hundred day moving average price of $205.70. The stock has a market cap of $79.65 billion, a price-to-earnings ratio of 47.59, a P/E/G ratio of 3.84 and a beta of 1.37. Cintas Co. has a 12 month low of $148.75 and a 12 month high of $228.12.

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

Cintas Dividend Announcement

The company also recently announced 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 annualized dividend and a dividend yield of 0.79%. Cintas’s dividend payout ratio 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.