Colonial Trust Advisors Acquires 303 Shares of Cintas Co. (NASDAQ:CTAS)

Colonial Trust Advisors boosted its position in shares of Cintas Co. (NASDAQ:CTAS) by 0.6% during the 4th quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The fund owned 51,657 shares of the business services provider’s stock after purchasing an additional 303 shares during the period. Colonial Trust Advisors’ holdings in Cintas were worth $9,438,000 as of its most recent SEC filing.

Several other hedge funds also recently added to or reduced their stakes in CTAS. Kovitz Investment Group Partners LLC bought a new position in Cintas during the 3rd quarter valued at about $1,455,000. MML Investors Services LLC grew its holdings in Cintas by 359.1% during the 3rd quarter. MML Investors Services LLC now owns 49,713 shares of the business services provider’s stock valued at $10,235,000 after purchasing an additional 38,885 shares during the last quarter. LRI Investments LLC grew its holdings in Cintas by 300.0% during the 3rd quarter. LRI Investments LLC now owns 728 shares of the business services provider’s stock valued at $158,000 after purchasing an additional 546 shares during the last quarter. Barclays PLC boosted its position in Cintas by 340.1% in the 3rd quarter. Barclays PLC now owns 1,089,535 shares of the business services provider’s stock valued at $224,312,000 after buying an additional 841,952 shares during the period. Finally, M&T Bank Corp boosted its position in Cintas by 273.8% in the 3rd quarter. M&T Bank Corp now owns 27,640 shares of the business services provider’s stock valued at $5,690,000 after buying an additional 20,246 shares during the period. 63.46% of the stock is currently owned by institutional investors.

Cintas Stock Performance

NASDAQ CTAS opened at $203.99 on Thursday. Cintas Co. has a 1 year low of $162.16 and a 1 year high of $228.12. The company has a market capitalization of $82.32 billion, a PE ratio of 49.18, a P/E/G ratio of 3.98 and a beta of 1.20. The company has a fifty day moving average of $200.97 and a two-hundred day moving average of $204.27. The company has a debt-to-equity ratio of 0.47, a current ratio of 1.58 and a quick ratio of 1.38.

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

Cintas Announces Dividend

The company also recently declared a quarterly dividend, which will be paid on Friday, June 13th. Investors of record on Thursday, May 15th will be issued a dividend of $0.39 per share. This represents a $1.56 annualized dividend and a yield of 0.76%. Cintas’s dividend payout ratio is currently 36.11%.

Insider Buying and Selling

In other Cintas news, COO Jim Rozakis sold 2,000 shares of the stock in a transaction dated Monday, April 7th. The shares were sold at an average price of $190.37, for a total value of $380,740.00. Following the completion of the transaction, the chief operating officer now directly owns 256,528 shares of the company’s stock, valued at approximately $48,835,235.36. This trade represents a 0.77 % decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which is accessible through the SEC website. 15.00% of the stock is currently owned by corporate insiders.

Wall Street Analyst Weigh In

Several research firms have issued reports on CTAS. Citigroup began coverage on shares of Cintas in a research report on Monday, February 24th. They issued a “sell” rating and a $161.00 price objective for the company. Royal Bank of Canada reissued a “sector perform” rating and issued a $215.00 price objective on shares of Cintas in a research report on Thursday, March 27th. Wells Fargo & Company boosted their price objective on shares of Cintas from $184.00 to $196.00 and gave the company an “underweight” rating in a research report on Thursday, March 27th. Morgan Stanley boosted their price objective on shares of Cintas from $195.00 to $213.00 and gave the company an “equal weight” rating in a research report on Thursday, March 27th. Finally, Truist Financial boosted their price objective on shares of Cintas from $215.00 to $230.00 and gave the company a “buy” rating in a research report on Thursday, March 27th. Two analysts have rated the stock with a sell rating, seven have given a hold rating and five have issued a buy rating to the company. According to MarketBeat, the company currently has an average rating of “Hold” and an average price target of $210.58.

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.