Rathbones Group PLC Has $120.85 Million Holdings in Cintas Co. (NASDAQ:CTAS)

Rathbones Group PLC lowered its holdings in Cintas Co. (NASDAQ:CTAS) by 3.6% during the fourth quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 661,464 shares of the business services provider’s stock after selling 24,829 shares during the quarter. Rathbones Group PLC owned 0.16% of Cintas worth $120,849,000 at the end of the most recent quarter.

A number of other hedge funds have also modified their holdings of CTAS. Guardian Wealth Advisors LLC raised its stake in shares of Cintas by 3.1% in 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 lifted its stake in Cintas by 0.7% in the 4th quarter. MGB Wealth Management LLC now owns 7,248 shares of the business services provider’s stock valued at $1,328,000 after acquiring an additional 52 shares in the last quarter. TIAA Trust National Association boosted its position in Cintas by 1.0% during the 4th quarter. TIAA Trust National Association now owns 5,380 shares of the business services provider’s stock worth $983,000 after acquiring an additional 52 shares during the last quarter. Wellspring Financial Advisors LLC boosted its holdings in Cintas by 4.6% during the fourth quarter. Wellspring Financial Advisors LLC now owns 1,171 shares of the business services provider’s stock worth $214,000 after purchasing an additional 52 shares during the last quarter. Finally, Aaron Wealth Advisors LLC lifted its position in Cintas by 2.0% during the 4th 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 in the last quarter. 63.46% of the stock is owned by institutional investors and hedge funds.

Analysts Set New Price Targets

CTAS has been the subject of several research reports. The Goldman Sachs Group raised their price target on Cintas from $211.00 to $233.00 and gave the company a “buy” rating in a report on Thursday, March 27th. UBS Group increased their price target on shares of Cintas from $218.00 to $240.00 and gave the company a “buy” rating in a report on Thursday, March 27th. Citigroup started coverage on Cintas in a research report on Monday, February 24th. They issued a “sell” rating and a $161.00 target price on the stock. Truist Financial boosted their price target on Cintas from $215.00 to $230.00 and gave the company a “buy” rating in a research note on Thursday, March 27th. Finally, Robert W. Baird boosted their target price on shares of Cintas from $200.00 to $227.00 and gave the company a “neutral” rating in a research report on Thursday, March 27th. Two equities research analysts have rated the stock with a sell rating, seven have assigned a hold rating and five have given a buy rating to the company’s stock. According to MarketBeat, the company currently has a consensus rating of “Hold” and a consensus price target of $210.58.

Cintas Price Performance

CTAS stock opened at $190.33 on Monday. Cintas Co. has a 1 year low of $162.16 and a 1 year high of $228.12. The company has a debt-to-equity ratio of 0.47, a current ratio of 1.58 and a quick ratio of 1.38. The stock has a market cap of $76.81 billion, a price-to-earnings ratio of 45.89, a P/E/G ratio of 3.98 and a beta of 1.20. The company has a 50 day simple moving average of $201.48 and a 200 day simple moving average of $204.57.

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

Cintas Dividend Announcement

The business also recently disclosed a quarterly dividend, which was paid on Friday, March 14th. Investors of record on Friday, February 14th were issued a $0.39 dividend. The ex-dividend date was Friday, February 14th. This represents a $1.56 dividend on an annualized basis and a yield of 0.82%. Cintas’s payout ratio is 36.11%.

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.