RB Capital Management LLC Sells 20 Shares of Cintas Co. (NASDAQ:CTAS)

RB Capital Management LLC decreased its position in shares of Cintas Co. (NASDAQ:CTAS) by 0.5% during the 4th quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The institutional investor owned 4,347 shares of the business services provider’s stock after selling 20 shares during the quarter. RB Capital Management LLC’s holdings in Cintas were worth $2,620,000 at the end of the most recent reporting period.

Several other large investors have also recently bought and sold shares of the company. Commonwealth Equity Services LLC raised its position in Cintas by 7.6% during the 3rd quarter. Commonwealth Equity Services LLC now owns 15,342 shares of the business services provider’s stock worth $7,380,000 after purchasing an additional 1,080 shares during the last quarter. Fjarde AP Fonden Fourth Swedish National Pension Fund increased its position in Cintas by 7.3% during the 3rd quarter. Fjarde AP Fonden Fourth Swedish National Pension Fund now owns 14,751 shares of the business services provider’s stock valued at $7,095,000 after purchasing an additional 1,000 shares during the period. Toews Corp ADV bought a new position in Cintas during the 3rd quarter worth approximately $722,000. Cambridge Investment Research Advisors Inc. boosted its stake in shares of Cintas by 7.5% in the 3rd quarter. Cambridge Investment Research Advisors Inc. now owns 5,799 shares of the business services provider’s stock valued at $2,790,000 after purchasing an additional 403 shares during the last quarter. Finally, Dakota Wealth Management raised its stake in Cintas by 529.1% during the third quarter. Dakota Wealth Management now owns 4,303 shares of the business services provider’s stock worth $2,070,000 after buying an additional 3,619 shares during the last quarter. 63.46% of the stock is currently owned by institutional investors.

Cintas Stock Performance

CTAS traded up $5.25 during trading hours on Wednesday, hitting $663.59. The stock had a trading volume of 293,792 shares, compared to its average volume of 348,112. The stock has a market cap of $67.27 billion, a PE ratio of 45.47, a price-to-earnings-growth ratio of 3.90 and a beta of 1.27. Cintas Co. has a 1 year low of $454.70 and a 1 year high of $704.84. The company has a quick ratio of 2.03, a current ratio of 2.38 and a debt-to-equity ratio of 0.58. The company’s fifty day simple moving average is $650.12 and its 200 day simple moving average is $596.65.

Cintas (NASDAQ:CTAS) last released its quarterly earnings data on Wednesday, March 27th. The business services provider reported $3.84 earnings per share for the quarter, beating analysts’ consensus estimates of $3.58 by $0.26. Cintas had a net margin of 15.98% and a return on equity of 37.19%. The business had revenue of $2.41 billion during the quarter, compared to analyst estimates of $2.39 billion. During the same period in the previous year, the business earned $3.14 EPS. Cintas’s revenue was up 9.9% compared to the same quarter last year. Equities analysts anticipate that Cintas Co. will post 14.95 earnings per share for the current year.

Cintas Announces Dividend

The company also recently disclosed a quarterly dividend, which will be paid on Friday, June 14th. Stockholders of record on Wednesday, May 15th will be given a $1.35 dividend. The ex-dividend date of this dividend is Tuesday, May 14th. This represents a $5.40 dividend on an annualized basis and a dividend yield of 0.81%. Cintas’s dividend payout ratio (DPR) is currently 37.29%.

Wall Street Analysts Forecast Growth

CTAS has been the subject of several recent analyst reports. Truist Financial raised their target price on Cintas from $660.00 to $775.00 and gave the stock a “buy” rating in a research note on Thursday, March 28th. UBS Group upped their price target on Cintas from $680.00 to $790.00 and gave the stock a “buy” rating in a research note on Thursday, March 28th. Barclays upped their target price on Cintas from $630.00 to $700.00 and gave the stock an “overweight” rating in a research report on Thursday, February 29th. Royal Bank of Canada upped their price objective on shares of Cintas from $675.00 to $725.00 and gave the stock an “outperform” rating in a report on Thursday, March 28th. Finally, Deutsche Bank Aktiengesellschaft upped their target price on shares of Cintas from $629.00 to $726.00 and gave the stock a “hold” rating in a report on Thursday, March 28th. Six investment analysts have rated the stock with a hold rating and nine have issued a buy rating to the stock. Based on data from MarketBeat.com, the company presently has a consensus rating of “Moderate Buy” and a consensus target price of $661.21.

Cintas Profile

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.