One Capital Management LLC Sells 1,728 Shares of Cintas Co. (NASDAQ:CTAS)

One Capital Management LLC decreased its position in Cintas Co. (NASDAQ:CTAS) by 22.1% in the 4th quarter, according to the company in its most recent 13F filing with the SEC. The institutional investor owned 6,105 shares of the business services provider’s stock after selling 1,728 shares during the quarter. One Capital Management LLC’s holdings in Cintas were worth $1,115,000 as of its most recent filing with the SEC.

Several other large investors have also made changes to their positions in CTAS. Guardian Wealth Advisors LLC boosted its position in Cintas by 3.1% during the fourth quarter. Guardian Wealth Advisors LLC now owns 1,741 shares of the business services provider’s stock worth $318,000 after purchasing an additional 52 shares during the period. MGB Wealth Management LLC boosted its position in Cintas by 0.7% during the fourth quarter. MGB Wealth Management LLC now owns 7,248 shares of the business services provider’s stock worth $1,328,000 after purchasing an additional 52 shares during the period. Aaron Wealth Advisors LLC boosted its position in Cintas by 2.0% during the fourth quarter. Aaron Wealth Advisors LLC now owns 2,803 shares of the business services provider’s stock worth $512,000 after purchasing an additional 55 shares during the period. S.A. Mason LLC boosted its position in Cintas by 3.3% during the fourth quarter. S.A. Mason LLC now owns 1,703 shares of the business services provider’s stock worth $311,000 after purchasing an additional 55 shares during the period. Finally, Simon Quick Advisors LLC boosted its position in Cintas by 5.5% during the fourth quarter. Simon Quick Advisors LLC now owns 1,213 shares of the business services provider’s stock worth $222,000 after purchasing an additional 63 shares during the period. Institutional investors own 63.46% of the company’s stock.

Cintas Stock Performance

Shares of NASDAQ:CTAS opened at $200.60 on Friday. The business’s fifty day moving average price is $198.51 and its two-hundred day moving average price is $209.06. 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 capitalization of $80.95 billion, a price-to-earnings ratio of 48.37, a price-to-earnings-growth ratio of 3.98 and a beta of 1.38. Cintas Co. has a fifty-two week low of $154.15 and a fifty-two week high of $228.12.

Cintas (NASDAQ:CTAS) last announced its earnings results on Thursday, December 19th. The business services provider reported $1.09 EPS for the quarter, topping the consensus estimate of $1.01 by $0.08. The company had revenue of $2.56 billion for 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 business’s revenue for the quarter was up 7.8% on a year-over-year basis. During the same quarter in the prior year, the business earned $3.61 earnings per share. As a group, analysts predict that Cintas Co. will post 4.31 EPS for the current fiscal year.

Cintas Dividend Announcement

The firm also recently announced a quarterly dividend, which will be paid on Friday, March 14th. Stockholders of record on Friday, February 14th will be issued a dividend of $0.39 per share. This represents a $1.56 annualized dividend and a dividend yield of 0.78%. The ex-dividend date is Friday, February 14th. Cintas’s payout ratio is presently 37.59%.

Analysts Set New Price Targets

A number of equities research analysts have issued reports on CTAS shares. Citigroup started coverage on Cintas in a research report on Monday, February 24th. They set a “sell” rating and a $161.00 target price for the company. Royal Bank of Canada reiterated a “sector perform” rating and set a $215.00 price target on shares of Cintas in a report on Friday, December 20th. Truist Financial cut their price target on Cintas from $225.00 to $215.00 and set a “buy” rating for the company in a report on Friday, December 20th. The Goldman Sachs Group cut their price target on Cintas from $236.00 to $211.00 and set a “buy” rating for the company in a report on Friday, December 20th. Finally, Wells Fargo & Company cut their price target on Cintas from $191.00 to $184.00 and set an “underweight” rating for the company in a report on Friday, December 20th. Two analysts have rated the stock with a sell rating, nine have assigned a hold rating and six have assigned a buy rating to the company. According to MarketBeat, Cintas currently has an average rating of “Hold” and an average target price of $199.79.

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.