Ellevest Inc. Sells 49 Shares of Cintas Co. (NASDAQ:CTAS)

Ellevest Inc. trimmed its holdings in Cintas Co. (NASDAQ:CTAS) by 1.4% in the fourth quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The institutional investor owned 3,575 shares of the business services provider’s stock after selling 49 shares during the period. Ellevest Inc.’s holdings in Cintas were worth $653,000 as of its most recent filing with the Securities and Exchange Commission.

Other hedge funds have also bought and sold shares of the company. Sound Income Strategies LLC purchased a new position in shares of Cintas in the fourth quarter valued at $27,000. Cyrus J. Lawrence LLC bought a new position in shares of Cintas in the fourth quarter valued at approximately $29,000. Endeavor Private Wealth Inc. purchased a new position in Cintas during the fourth quarter valued at approximately $31,000. IAG Wealth Partners LLC increased its holdings in Cintas by 136.8% during the 4th quarter. IAG Wealth Partners LLC now owns 180 shares of the business services provider’s stock worth $33,000 after acquiring an additional 104 shares during the period. Finally, Newbridge Financial Services Group Inc. purchased a new stake in Cintas in the 4th quarter worth approximately $34,000. 63.46% of the stock is currently owned by hedge funds and other institutional investors.

Analyst Upgrades and Downgrades

A number of equities research analysts recently issued reports on the company. UBS Group increased their price objective on Cintas from $218.00 to $240.00 and gave the stock a “buy” rating in a research report on Thursday, March 27th. Bank of America initiated coverage on Cintas in a research report on Thursday, April 10th. They set a “buy” rating and a $250.00 price target for the company. Truist Financial upped their price objective on shares of Cintas from $215.00 to $230.00 and gave the stock a “buy” rating in a research report on Thursday, March 27th. Redburn Atlantic cut shares of Cintas from a “neutral” rating to a “sell” rating and set a $171.00 price target for the company. in a research note on Thursday, May 1st. Finally, Wells Fargo & Company raised 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. Three equities research analysts have rated the stock with a sell rating, six have issued a hold rating, six have assigned a buy rating and one has issued a strong buy rating to the company’s stock. Based on data from MarketBeat, the company presently has a consensus rating of “Hold” and an average price target of $213.88.

Cintas Stock Performance

NASDAQ:CTAS opened at $214.79 on Friday. The company has a debt-to-equity ratio of 0.47, a quick ratio of 1.38 and a current ratio of 1.58. Cintas Co. has a fifty-two week low of $164.93 and a fifty-two week high of $228.12. The firm has a market cap of $86.73 billion, a PE ratio of 51.79, a price-to-earnings-growth ratio of 3.98 and a beta of 1.09. The business has a 50 day moving average price of $202.92 and a 200-day moving average price of $204.44.

Cintas (NASDAQ:CTAS) last issued its quarterly earnings data on Wednesday, March 26th. The business services provider reported $1.13 EPS for the quarter, beating 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 firm had revenue of $2.61 billion during the quarter, compared to the consensus estimate of $2.60 billion. During the same period in the prior year, the firm posted $3.84 earnings per share. The company’s quarterly revenue was up 8.4% compared to the same quarter last year. Equities research analysts predict that Cintas Co. will post 4.31 earnings per share for the current year.

Cintas Announces Dividend

The firm also recently announced 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. The ex-dividend date of this dividend is Thursday, May 15th. This represents a $1.56 dividend on an annualized basis and a dividend yield of 0.73%. Cintas’s dividend payout ratio is presently 36.11%.

Insider Buying and Selling

In other Cintas news, Director Ronald W. Tysoe sold 8,521 shares of the firm’s stock in a transaction dated Monday, April 14th. The shares were sold at an average price of $208.96, for a total value of $1,780,548.16. Following the completion of the sale, the director now directly owns 27,029 shares in the company, valued at $5,647,979.84. This trade represents a 23.97 % decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which is available at this link. Also, COO Jim Rozakis sold 2,000 shares of Cintas stock in a transaction that occurred on Monday, April 7th. The shares were sold at an average price of $190.37, for a total value of $380,740.00. Following the sale, the chief operating officer now directly owns 256,528 shares in the company, valued at approximately $48,835,235.36. The trade was a 0.77 % decrease in their ownership of the stock. The disclosure for this sale can be found here. 15.00% of the stock is currently owned by insiders.

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.