Cintas Co. (NASDAQ:CTAS) Position Cut by Mount Lucas Management LP

Mount Lucas Management LP decreased its position in shares of Cintas Co. (NASDAQ:CTAS) by 4.9% in the 4th quarter, according to the company in its most recent Form 13F filing with the SEC. The firm owned 7,867 shares of the business services provider’s stock after selling 401 shares during the quarter. Mount Lucas Management LP’s holdings in Cintas were worth $1,437,000 as of its most recent filing with the SEC.

Other large investors have also modified their holdings of the company. Guardian Wealth Advisors LLC boosted its stake in Cintas by 3.1% during the 4th quarter. Guardian Wealth Advisors LLC now owns 1,741 shares of the business services provider’s stock valued at $318,000 after purchasing an additional 52 shares during the period. MGB Wealth Management LLC raised its holdings in shares of Cintas by 0.7% during the fourth quarter. MGB Wealth Management LLC now owns 7,248 shares of the business services provider’s stock valued at $1,328,000 after buying an additional 52 shares during the last quarter. Aaron Wealth Advisors LLC boosted its position in shares of Cintas by 2.0% during the fourth quarter. Aaron Wealth Advisors LLC now owns 2,803 shares of the business services provider’s stock worth $512,000 after buying an additional 55 shares during the period. S.A. Mason LLC grew its holdings in Cintas by 3.3% in the 4th quarter. S.A. Mason LLC now owns 1,703 shares of the business services provider’s stock worth $311,000 after buying an additional 55 shares in the last quarter. Finally, Simon Quick Advisors LLC increased its position in Cintas by 5.5% in the 4th quarter. Simon Quick Advisors LLC now owns 1,213 shares of the business services provider’s stock valued at $222,000 after acquiring an additional 63 shares during the period. Institutional investors and hedge funds own 63.46% of the company’s stock.

Cintas Trading Up 1.2 %

NASDAQ:CTAS opened at $203.06 on Monday. The stock has a fifty day simple moving average of $198.90 and a 200 day simple moving average of $209.33. The firm has a market capitalization of $81.94 billion, a price-to-earnings ratio of 48.96, a price-to-earnings-growth ratio of 3.98 and a beta of 1.41. Cintas Co. has a 1-year low of $154.15 and a 1-year 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.

Cintas (NASDAQ:CTAS) last announced its earnings results on Thursday, December 19th. The business services provider reported $1.09 EPS for the quarter, topping the consensus estimate of $1.01 by $0.08. The company had revenue of $2.56 billion during the quarter, compared to analysts’ expectations of $2.56 billion. Cintas had a net margin of 17.23% and a return on equity of 40.62%. The business’s revenue for the quarter was up 7.8% on a year-over-year basis. During the same period last year, the company posted $3.61 earnings per share. Sell-side analysts forecast that Cintas Co. will post 4.31 earnings per share for the current year.

Cintas Dividend Announcement

The firm also recently announced a quarterly dividend, which will be paid on Friday, March 14th. Stockholders of record on Friday, February 14th will be issued a $0.39 dividend. The ex-dividend date is Friday, February 14th. This represents a $1.56 dividend on an annualized basis and a dividend yield of 0.77%. Cintas’s payout ratio is currently 37.59%.

Wall Street Analyst Weigh In

Several research analysts have recently issued reports on the company. Robert W. Baird decreased their price target on Cintas from $209.00 to $200.00 and set a “neutral” rating for the company in a research note on Friday, December 20th. Truist Financial decreased their target price on shares of Cintas from $225.00 to $215.00 and set a “buy” rating for the company in a research report 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 decreased their price objective on shares of Cintas from $236.00 to $211.00 and set a “buy” rating for the company in a report on Friday, December 20th. Finally, Citigroup began coverage on Cintas in a report on Monday, February 24th. They set a “sell” rating and a $161.00 target price on the stock. Two research analysts have rated the stock with a sell rating, nine have given a hold rating and six have given a buy rating to the company. According to MarketBeat.com, Cintas has a consensus rating of “Hold” and an average target price of $199.79.

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.