Natixis Advisors LLC Sells 1,389 Shares of Cintas Co. (NASDAQ:CTAS)

Natixis Advisors LLC lessened its position in Cintas Co. (NASDAQ:CTAS) by 0.3% during the fourth quarter, Holdings Channel reports. The fund owned 412,546 shares of the business services provider’s stock after selling 1,389 shares during the period. Natixis Advisors LLC’s holdings in Cintas were worth $75,372,000 at the end of the most recent reporting period.

A number of other institutional investors have also added to or reduced their stakes in CTAS. Sound Income Strategies LLC purchased a new stake in Cintas during the fourth quarter valued at about $27,000. Endeavor Private Wealth Inc. purchased a new stake in Cintas during the fourth quarter valued at about $31,000. IAG Wealth Partners LLC boosted its position in Cintas by 136.8% during the fourth quarter. IAG Wealth Partners LLC now owns 180 shares of the business services provider’s stock valued at $33,000 after buying an additional 104 shares during the period. Newbridge Financial Services Group Inc. purchased a new stake in Cintas during the fourth quarter valued at about $34,000. Finally, OFI Invest Asset Management purchased a new stake in Cintas during the fourth quarter valued at about $37,000. Institutional investors own 63.46% of the company’s stock.

Analysts Set New Price Targets

Several analysts have issued reports on the stock. Morgan Stanley upped their price target on shares of Cintas from $185.00 to $202.00 and gave the company an “equal weight” rating in a research report on Thursday, December 12th. Royal Bank of Canada reiterated a “sector perform” rating and set a $215.00 target price on shares of Cintas in a report on Friday, December 20th. The Goldman Sachs Group dropped their target price 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. Wells Fargo & Company dropped their target price on shares of Cintas from $191.00 to $184.00 and set an “underweight” rating for the company in a report on Friday, December 20th. Finally, Truist Financial dropped their target price on shares of Cintas from $225.00 to $215.00 and set a “buy” rating for the company in a report on Friday, December 20th. Two equities research analysts have rated the stock with a sell rating, nine have issued a hold rating and six have issued a buy rating to the company’s stock. Based on data from MarketBeat, Cintas has a consensus rating of “Hold” and an average price target of $199.79.

Cintas Price Performance

Shares of NASDAQ CTAS opened at $192.84 on Friday. Cintas Co. has a fifty-two week low of $155.89 and a fifty-two week high of $228.12. The company has a 50 day simple moving average of $200.02 and a two-hundred day simple moving average of $209.13. The company has a market capitalization of $77.82 billion, a price-to-earnings ratio of 46.50, a P/E/G ratio of 3.98 and a beta of 1.41. 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 (NASDAQ:CTAS) last announced its earnings results on Thursday, December 19th. The business services provider reported $1.09 earnings per share for the quarter, beating analysts’ consensus estimates of $1.01 by $0.08. Cintas had a net margin of 17.23% and a return on equity of 40.62%. The business had revenue of $2.56 billion during the quarter, compared to the consensus estimate of $2.56 billion. During the same quarter last year, the firm earned $3.61 earnings per share. The business’s revenue for the quarter was up 7.8% on a year-over-year basis. Analysts expect that Cintas Co. will post 4.31 EPS for the current fiscal year.

Cintas Announces Dividend

The company also recently declared a quarterly dividend, which was paid on Friday, March 14th. Investors of record on Friday, February 14th were given a dividend of $0.39 per share. This represents a $1.56 annualized dividend and a dividend yield of 0.81%. The ex-dividend date of this dividend was Friday, February 14th. Cintas’s dividend payout ratio (DPR) 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.