Inspire Investing LLC Sells 4,785 Shares of Cintas Co. (NASDAQ:CTAS)

Inspire Investing LLC lessened its holdings in shares of Cintas Co. (NASDAQ:CTAS) by 11.4% in the fourth quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The fund owned 37,127 shares of the business services provider’s stock after selling 4,785 shares during the quarter. Cintas comprises 0.8% of Inspire Investing LLC’s investment portfolio, making the stock its 17th largest position. Inspire Investing LLC’s holdings in Cintas were worth $6,783,000 as of its most recent SEC filing.

A number of other hedge funds also recently bought and sold shares of the company. Evergreen Capital Management LLC lifted its position in Cintas by 4.8% in the 2nd quarter. Evergreen Capital Management LLC now owns 827 shares of the business services provider’s stock worth $579,000 after buying an additional 38 shares during the last quarter. Aaron Wealth Advisors LLC increased its stake in Cintas by 2.0% in the 4th 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. Simon Quick Advisors LLC increased its stake in Cintas by 5.5% in the 4th 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. KPP Advisory Services LLC increased its stake in Cintas by 19.6% in the 2nd quarter. KPP Advisory Services LLC now owns 434 shares of the business services provider’s stock worth $304,000 after purchasing an additional 71 shares during the period. Finally, First Hawaiian Bank increased its stake in Cintas by 0.4% in the 4th quarter. First Hawaiian Bank now owns 17,105 shares of the business services provider’s stock worth $3,125,000 after purchasing an additional 73 shares during the period. Institutional investors own 63.46% of the company’s stock.

Cintas Stock Down 1.1 %

Cintas stock opened at $199.02 on Thursday. The stock has a market cap of $80.31 billion, a PE ratio of 47.99, a price-to-earnings-growth ratio of 3.89 and a beta of 1.37. 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 Co. has a one year low of $148.75 and a one year high of $228.12. The stock has a fifty day moving average of $203.73 and a 200 day moving average of $205.62.

Cintas (NASDAQ:CTAS) last issued its quarterly earnings results 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 business 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 business’s quarterly revenue was up 7.8% on a year-over-year basis. During the same quarter in the prior year, the business posted $3.61 earnings per share. As a group, sell-side analysts predict that Cintas Co. will post 4.31 EPS for the current year.

Cintas Dividend Announcement

The business also recently declared a quarterly dividend, which will be paid on Friday, March 14th. Shareholders of record on Friday, February 14th will be given a $0.39 dividend. This represents a $1.56 dividend on an annualized basis and a yield of 0.78%. The ex-dividend date is Friday, February 14th. Cintas’s payout ratio is 37.61%.

Analyst Upgrades and Downgrades

A number of equities analysts have commented on the company. Royal Bank of Canada reaffirmed a “sector perform” rating and issued a $215.00 price target on shares of Cintas in a research note on Friday, December 20th. Barclays boosted their target price on Cintas from $210.00 to $245.00 and gave the company an “overweight” rating in a research note on Friday, September 27th. Morgan Stanley upped their price target on Cintas from $185.00 to $202.00 and gave the stock an “equal weight” rating in a research note on Thursday, December 12th. Jefferies Financial Group reduced their price target on Cintas from $730.00 to $200.00 and set a “hold” rating on the stock in a research note on Thursday, September 26th. Finally, Truist Financial dropped their target price on Cintas from $225.00 to $215.00 and set a “buy” rating on the stock in a report on Friday, December 20th. Two investment analysts have rated the stock with a sell rating, nine have issued a hold rating and six have issued a buy rating to the stock. According to MarketBeat.com, the stock currently has a consensus rating of “Hold” and an average price target 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.