Bath Savings Trust Co Sells 659 Shares of Cintas Co. (NASDAQ:CTAS)

Bath Savings Trust Co lowered its stake in shares of Cintas Co. (NASDAQ:CTAS) by 2.8% in the 4th quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The fund owned 23,271 shares of the business services provider’s stock after selling 659 shares during the period. Bath Savings Trust Co’s holdings in Cintas were worth $4,252,000 at the end of the most recent quarter.

A number of other hedge funds also recently modified their holdings of CTAS. Axxcess Wealth Management LLC increased its position in Cintas by 0.5% in the second quarter. Axxcess Wealth Management LLC now owns 2,905 shares of the business services provider’s stock worth $2,034,000 after buying an additional 14 shares during the last quarter. Cullen Frost Bankers Inc. increased its holdings in Cintas by 1.3% in the 2nd quarter. Cullen Frost Bankers Inc. now owns 1,517 shares of the business services provider’s stock worth $1,062,000 after acquiring an additional 19 shares during the last quarter. D Orazio & Associates Inc. raised its stake in Cintas by 3.5% in the 2nd quarter. D Orazio & Associates Inc. now owns 556 shares of the business services provider’s stock valued at $389,000 after acquiring an additional 19 shares during the period. Alpha Financial Partners LLC lifted its holdings in Cintas by 5.1% during the second quarter. Alpha Financial Partners LLC now owns 389 shares of the business services provider’s stock valued at $272,000 after purchasing an additional 19 shares during the last quarter. Finally, E Fund Management Co. Ltd. boosted its position in Cintas by 1.9% during the second quarter. E Fund Management Co. Ltd. now owns 997 shares of the business services provider’s stock worth $698,000 after purchasing an additional 19 shares during the period. Institutional investors own 63.46% of the company’s stock.

Wall Street Analysts Forecast Growth

Several analysts have recently issued reports on the stock. Truist Financial lowered 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. Robert W. Baird lowered their target price on shares of Cintas from $209.00 to $200.00 and set a “neutral” rating on the stock in a report on Friday, December 20th. The Goldman Sachs Group cut their price target on Cintas from $236.00 to $211.00 and set a “buy” rating for the company in a report on Friday, December 20th. Morgan Stanley boosted their price objective on Cintas from $185.00 to $202.00 and gave the company an “equal weight” rating in a research note on Thursday, December 12th. Finally, Jefferies Financial Group dropped their price objective on Cintas from $730.00 to $200.00 and set a “hold” rating on the stock in a report on Thursday, September 26th. 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. According to MarketBeat.com, the stock presently has a consensus rating of “Hold” and an average target price of $198.46.

Cintas Price Performance

Shares of CTAS stock traded up $4.85 during trading on Tuesday, hitting $189.95. The company had a trading volume of 1,567,213 shares, compared to its average volume of 1,992,997. Cintas Co. has a 52 week low of $143.98 and a 52 week high of $228.12. The stock has a market capitalization of $76.61 billion, a price-to-earnings ratio of 47.97, a price-to-earnings-growth ratio of 4.15 and a beta of 1.37. The company has a quick ratio of 1.33, a current ratio of 1.53 and a debt-to-equity ratio of 0.50. The stock’s 50-day moving average is $208.59 and its two-hundred day moving average is $204.29.

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 net margin of 16.80% and a return on equity of 39.56%. The firm had revenue of $2.56 billion for the quarter, compared to analysts’ expectations of $2.56 billion. During the same quarter last year, the company posted $3.61 EPS. The business’s quarterly revenue was up 7.8% on a year-over-year basis. As a group, analysts predict that Cintas Co. will post 4.23 EPS for the current fiscal year.

Cintas Dividend Announcement

The company also recently disclosed a quarterly dividend, which was paid on Friday, December 13th. Stockholders of record on Friday, November 15th were issued a $0.39 dividend. This represents a $1.56 dividend on an annualized basis and a dividend yield of 0.82%. The ex-dividend date was Friday, November 15th. Cintas’s payout ratio is currently 37.59%.

Cintas Company 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.