Kentucky Retirement Systems Insurance Trust Fund Has $652,000 Stock Holdings in Cintas Co. (NASDAQ:CTAS)

Kentucky Retirement Systems Insurance Trust Fund decreased its stake in shares of Cintas Co. (NASDAQ:CTAS) by 64.8% during the 4th quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The institutional investor owned 3,566 shares of the business services provider’s stock after selling 6,578 shares during the period. Kentucky Retirement Systems Insurance Trust Fund’s holdings in Cintas were worth $652,000 at the end of the most recent quarter.

Other hedge funds have also recently added to or reduced their stakes in the company. Financial Management Professionals Inc. raised its position in shares of Cintas by 341.4% during the third quarter. Financial Management Professionals Inc. now owns 128 shares of the business services provider’s stock worth $26,000 after acquiring an additional 99 shares during the last quarter. Hollencrest Capital Management increased its position in Cintas by 433.3% in the third quarter. Hollencrest Capital Management now owns 128 shares of the business services provider’s stock worth $26,000 after purchasing an additional 104 shares during the period. Sound Income Strategies LLC bought a new stake in Cintas during the 4th quarter worth about $27,000. Addison Advisors LLC lifted its position in Cintas by 495.7% during the 3rd quarter. Addison Advisors LLC now owns 137 shares of the business services provider’s stock valued at $28,000 after purchasing an additional 114 shares during the period. Finally, Endeavor Private Wealth Inc. bought a new position in shares of Cintas in the 4th quarter valued at about $31,000. Institutional investors own 63.46% of the company’s stock.

Cintas Stock Up 2.2 %

Shares of CTAS stock opened at $208.14 on Thursday. Cintas Co. has a 12-month low of $152.77 and a 12-month high of $228.12. The company has a quick ratio of 1.38, a current ratio of 1.58 and a debt-to-equity ratio of 0.47. The firm has a fifty day moving average of $196.78 and a 200-day moving average of $207.96. The company has a market capitalization of $83.99 billion, a price-to-earnings ratio of 50.18, a P/E/G ratio of 3.94 and a beta of 1.38.

Cintas (NASDAQ:CTAS) last released its earnings results on Thursday, December 19th. The business services provider reported $1.09 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $1.01 by $0.08. The firm had revenue of $2.56 billion during the quarter, compared to analysts’ expectations of $2.56 billion. Cintas had a return on equity of 40.62% and a net margin of 17.23%. The company’s revenue was up 7.8% on a year-over-year basis. During the same quarter in the prior year, the company earned $3.61 EPS. As a group, equities research analysts predict that Cintas Co. will post 4.31 earnings per share for the current fiscal year.

Cintas Announces Dividend

The firm also recently declared a quarterly dividend, which will be paid on Friday, March 14th. Stockholders of record on Friday, February 14th will be paid a dividend of $0.39 per share. The ex-dividend date is Friday, February 14th. This represents a $1.56 annualized dividend and a dividend yield of 0.75%. Cintas’s dividend payout ratio is currently 37.61%.

Wall Street Analyst Weigh In

CTAS has been the subject of a number of analyst reports. Wells Fargo & Company lowered 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. Morgan Stanley lifted their price objective on Cintas from $185.00 to $202.00 and gave the stock an “equal weight” rating in a research note on Thursday, December 12th. Royal Bank of Canada reissued a “sector perform” rating and issued a $215.00 target price on shares of Cintas in a research note on Friday, December 20th. The Goldman Sachs Group decreased their target price on Cintas from $236.00 to $211.00 and set a “buy” rating for the company in a research report on Friday, December 20th. Finally, Truist Financial cut 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. Two analysts have rated the stock with a sell rating, nine have issued a hold rating and six have assigned a buy rating to the company. According to data from MarketBeat.com, the company has an average rating of “Hold” and a consensus target price of $198.46.

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.