Creative Financial Designs Inc. ADV Sells 103 Shares of Cintas Co. (NASDAQ:CTAS)

Creative Financial Designs Inc. ADV trimmed its position in Cintas Co. (NASDAQ:CTAS) by 9.2% during the 4th quarter, according to its most recent disclosure with the Securities and Exchange Commission. The fund owned 1,022 shares of the business services provider’s stock after selling 103 shares during the quarter. Creative Financial Designs Inc. ADV’s holdings in Cintas were worth $187,000 at the end of the most recent reporting period.

Other large investors have also recently made changes to their positions in the company. Claro Advisors LLC purchased a new position in Cintas in the third quarter worth about $251,000. Thrivent Financial for Lutherans grew its position in Cintas by 331.2% in the third quarter. Thrivent Financial for Lutherans now owns 20,970 shares of the business services provider’s stock worth $4,317,000 after acquiring an additional 16,107 shares in the last quarter. MAI Capital Management grew its position in Cintas by 173.5% in the third quarter. MAI Capital Management now owns 8,789 shares of the business services provider’s stock worth $1,810,000 after acquiring an additional 5,575 shares in the last quarter. Quest Partners LLC grew its position in Cintas by 70.4% in the third quarter. Quest Partners LLC now owns 5,172 shares of the business services provider’s stock worth $1,065,000 after acquiring an additional 2,137 shares in the last quarter. Finally, Pathstone Holdings LLC grew its position in Cintas by 428.7% in the third quarter. Pathstone Holdings LLC now owns 60,332 shares of the business services provider’s stock worth $12,421,000 after acquiring an additional 48,921 shares in the last quarter. 63.46% of the stock is owned by institutional investors.

Wall Street Analyst Weigh In

Several research firms recently commented on CTAS. UBS Group dropped their price target on Cintas from $240.00 to $218.00 and set a “buy” rating for the company in a research report on Friday, December 20th. The Goldman Sachs Group dropped their price target on Cintas from $236.00 to $211.00 and set a “buy” rating for the company in a research report on Friday, December 20th. Royal Bank of Canada restated a “sector perform” rating and set a $215.00 target price on shares of Cintas in a research report on Friday, December 20th. Truist Financial dropped their target price on Cintas from $225.00 to $215.00 and set a “buy” rating for the company in a research report on Friday, December 20th. Finally, Citigroup began 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. Two analysts have rated the stock with a sell rating, nine have given a hold rating and six have issued a buy rating to the company. According to data from MarketBeat, Cintas currently has a consensus rating of “Hold” and a consensus price target of $199.79.

Cintas Stock Performance

Shares of NASDAQ:CTAS opened at $196.37 on Thursday. The company has a market capitalization of $79.24 billion, a price-to-earnings ratio of 47.35, a price-to-earnings-growth ratio of 3.98 and a beta of 1.41. Cintas Co. has a 52 week low of $156.83 and a 52 week 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 50 day moving average of $200.39 and a 200 day moving average of $209.02.

Cintas (NASDAQ:CTAS) last issued its quarterly earnings data on Thursday, December 19th. The business services provider reported $1.09 EPS for the quarter, topping analysts’ consensus estimates of $1.01 by $0.08. The company had revenue of $2.56 billion during the quarter, compared to the consensus estimate of $2.56 billion. Cintas had a net margin of 17.23% and a return on equity of 40.62%. Cintas’s revenue for the quarter was up 7.8% compared to the same quarter last year. During the same quarter in the previous year, the firm posted $3.61 earnings per share. On average, sell-side analysts predict that Cintas Co. will post 4.31 earnings per share for the current fiscal year.

Cintas Announces Dividend

The firm also recently disclosed a quarterly dividend, which was paid on Friday, March 14th. Investors of record on Friday, February 14th were paid a $0.39 dividend. This represents a $1.56 dividend on an annualized basis and a yield of 0.79%. The ex-dividend date of this dividend was Friday, February 14th. Cintas’s dividend payout ratio (DPR) is 37.59%.

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.