Atria Wealth Solutions Inc. Sells 779 Shares of Cintas Co. (NASDAQ:CTAS)

Atria Wealth Solutions Inc. cut its holdings in Cintas Co. (NASDAQ:CTASFree Report) by 19.4% in the 3rd quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The firm owned 3,241 shares of the business services provider’s stock after selling 779 shares during the period. Atria Wealth Solutions Inc.’s holdings in Cintas were worth $1,559,000 as of its most recent SEC filing.

A number of other hedge funds have also bought and sold shares of the business. Raymond James Trust N.A. raised its stake in shares of Cintas by 10.6% during the 1st quarter. Raymond James Trust N.A. now owns 740 shares of the business services provider’s stock valued at $314,000 after purchasing an additional 71 shares during the period. Baird Financial Group Inc. grew its holdings in Cintas by 16.8% during the 1st quarter. Baird Financial Group Inc. now owns 17,643 shares of the business services provider’s stock valued at $7,505,000 after buying an additional 2,541 shares in the last quarter. Covestor Ltd increased its position in shares of Cintas by 84.7% during the first quarter. Covestor Ltd now owns 327 shares of the business services provider’s stock valued at $139,000 after buying an additional 150 shares during the period. Mackenzie Financial Corp lifted its holdings in shares of Cintas by 9.3% in the first quarter. Mackenzie Financial Corp now owns 7,073 shares of the business services provider’s stock worth $3,009,000 after buying an additional 604 shares in the last quarter. Finally, Fuller & Thaler Asset Management Inc. boosted its position in shares of Cintas by 19.8% in the first quarter. Fuller & Thaler Asset Management Inc. now owns 24,472 shares of the business services provider’s stock valued at $10,410,000 after acquiring an additional 4,037 shares during the period. 62.26% of the stock is currently owned by hedge funds and other institutional investors.

Cintas Stock Up 0.2 %

Shares of NASDAQ:CTAS opened at $618.22 on Monday. Cintas Co. has a 12-month low of $425.00 and a 12-month high of $626.18. The company has a current ratio of 2.24, a quick ratio of 1.89 and a debt-to-equity ratio of 0.62. The stock’s 50-day moving average price is $588.57 and its 200-day moving average price is $537.28. The stock has a market capitalization of $62.67 billion, a P/E ratio of 44.86, a price-to-earnings-growth ratio of 3.58 and a beta of 1.28.

Cintas (NASDAQ:CTASGet Free Report) last posted its quarterly earnings results on Thursday, December 21st. The business services provider reported $3.61 earnings per share (EPS) for the quarter, topping the consensus estimate of $3.49 by $0.12. The business had revenue of $2.38 billion for the quarter, compared to analyst estimates of $2.34 billion. Cintas had a return on equity of 36.78% and a net margin of 15.57%. Cintas’s revenue for the quarter was up 9.3% compared to the same quarter last year. During the same period last year, the company earned $3.12 EPS. On average, equities analysts anticipate that Cintas Co. will post 14.57 earnings per share for the current year.

Cintas Dividend Announcement

The company also recently declared a quarterly dividend, which will be paid on Friday, March 15th. Shareholders of record on Thursday, February 15th will be issued a $1.35 dividend. This represents a $5.40 dividend on an annualized basis and a yield of 0.87%. The ex-dividend date is Wednesday, February 14th. Cintas’s dividend payout ratio (DPR) is presently 39.19%.

Analyst Upgrades and Downgrades

CTAS has been the topic of several recent analyst reports. JPMorgan Chase & Co. increased their target price on shares of Cintas from $540.00 to $640.00 and gave the stock an “overweight” rating in a research note on Friday, December 22nd. StockNews.com raised Cintas from a “hold” rating to a “buy” rating in a research note on Friday, December 29th. Royal Bank of Canada upped their target price on Cintas from $525.00 to $645.00 and gave the stock an “outperform” rating in a research note on Friday, December 22nd. Deutsche Bank Aktiengesellschaft cut Cintas from a “buy” rating to a “hold” rating and raised their price target for the company from $551.00 to $590.00 in a report on Friday, December 8th. Finally, Stifel Nicolaus boosted their price objective on Cintas from $526.00 to $585.00 and gave the stock a “hold” rating in a report on Friday, December 22nd. Six research analysts have rated the stock with a hold rating, eight have given a buy rating and one has given a strong buy rating to the stock. Based on data from MarketBeat.com, Cintas currently has a consensus rating of “Moderate Buy” and a consensus price target of $560.57.

Get Our Latest Report on CTAS

Insider Buying and Selling at Cintas

In other news, CFO J. Michael Hansen sold 9,774 shares of the stock in a transaction dated Friday, December 22nd. The shares were sold at an average price of $596.91, for a total transaction of $5,834,198.34. Following the completion of the sale, the chief financial officer now directly owns 37,732 shares in the company, valued at $22,522,608.12. The transaction was disclosed in a document filed with the SEC, which is accessible through the SEC website. Corporate insiders own 15.10% of the company’s stock.

Cintas Profile

(Free Report)

Cintas Corporation provides 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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