Janney Montgomery Scott LLC Has $32.55 Million Stake in Cintas Co. (NASDAQ:CTAS)

Janney Montgomery Scott LLC lowered its stake in shares of Cintas Co. (NASDAQ:CTASFree Report) by 2.5% during the fourth quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 178,142 shares of the business services provider’s stock after selling 4,569 shares during the quarter. Janney Montgomery Scott LLC’s holdings in Cintas were worth $32,547,000 at the end of the most recent reporting period.

Other hedge funds have also recently added to or reduced their stakes in the company. Financial Management Professionals Inc. grew its stake in 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 buying an additional 99 shares in the last quarter. Hollencrest Capital Management raised its holdings in shares of Cintas by 433.3% during the 3rd quarter. Hollencrest Capital Management now owns 128 shares of the business services provider’s stock worth $26,000 after buying an additional 104 shares in the last quarter. Addison Advisors LLC raised its holdings in shares of Cintas by 495.7% during the 3rd quarter. Addison Advisors LLC now owns 137 shares of the business services provider’s stock worth $28,000 after buying an additional 114 shares in the last quarter. Grove Bank & Trust lifted its position in shares of Cintas by 1,340.0% during the 3rd quarter. Grove Bank & Trust now owns 144 shares of the business services provider’s stock worth $30,000 after buying an additional 134 shares during the last quarter. Finally, Capital Advisors Ltd. LLC lifted its holdings in shares of Cintas by 321.1% in the third quarter. Capital Advisors Ltd. LLC now owns 160 shares of the business services provider’s stock worth $33,000 after acquiring an additional 122 shares during the last quarter. Institutional investors own 63.46% of the company’s stock.

Wall Street Analyst Weigh In

A number of analysts have weighed in on CTAS shares. Wells Fargo & Company cut their target price on shares of Cintas from $191.00 to $184.00 and set an “underweight” rating on the stock in a research report on Friday, December 20th. Royal Bank of Canada reissued a “sector perform” rating and set a $215.00 price target on shares of Cintas in a research note on Friday, December 20th. The Goldman Sachs Group reduced their target price on shares of Cintas from $236.00 to $211.00 and set a “buy” rating on the stock in a report on Friday, December 20th. Truist Financial decreased their price objective on Cintas from $225.00 to $215.00 and set a “buy” rating for the company in a report on Friday, December 20th. Finally, Robert W. Baird cut their target price on Cintas from $209.00 to $200.00 and set a “neutral” rating on the stock in a report on Friday, December 20th. Two investment analysts have rated the stock with a sell rating, nine have assigned a hold rating and six have issued a buy rating to the stock. According to MarketBeat, Cintas currently has a consensus rating of “Hold” and an average target price of $198.46.

Check Out Our Latest Stock Report on CTAS

Cintas Price Performance

CTAS stock opened at $197.80 on Friday. 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 company’s 50-day moving average is $203.73 and its 200-day moving average is $205.62. The stock has a market capitalization of $79.82 billion, a PE ratio of 47.69, a price-to-earnings-growth ratio of 3.89 and a beta of 1.37. Cintas Co. has a 1 year low of $148.75 and a 1 year high of $228.12.

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

Cintas Announces Dividend

The business also recently disclosed a quarterly dividend, which will be paid on Friday, March 14th. Shareholders of record on Friday, February 14th will be issued a dividend of $0.39 per share. This represents a $1.56 dividend on an annualized basis and a yield of 0.79%. The ex-dividend date is Friday, February 14th. Cintas’s dividend payout ratio is currently 37.61%.

Cintas Company Profile

(Free Report)

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.

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Institutional Ownership by Quarter for Cintas (NASDAQ:CTAS)

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