Kestra Advisory Services LLC Has $13.79 Million Holdings in Cintas Corporation $CTAS

Kestra Advisory Services LLC boosted its stake in Cintas Corporation (NASDAQ:CTAS) by 3.9% during the 1st quarter, Holdings Channel.com reports. The institutional investor owned 81,541 shares of the business services provider’s stock after buying an additional 3,078 shares during the period. Kestra Advisory Services LLC’s holdings in Cintas were worth $13,792,000 at the end of the most recent reporting period.

Several other hedge funds have also recently bought and sold shares of the stock. One Capital Management LLC lifted its holdings in shares of Cintas by 0.9% during the fourth quarter. One Capital Management LLC now owns 6,160 shares of the business services provider’s stock valued at $1,159,000 after acquiring an additional 53 shares during the period. Richardson Financial Services Inc. grew its holdings in shares of Cintas by 1.1% in the 4th quarter. Richardson Financial Services Inc. now owns 5,058 shares of the business services provider’s stock worth $951,000 after purchasing an additional 54 shares during the last quarter. Whittier Trust Co. of Nevada Inc. increased its position in shares of Cintas by 0.8% during the 1st quarter. Whittier Trust Co. of Nevada Inc. now owns 7,198 shares of the business services provider’s stock worth $1,236,000 after purchasing an additional 58 shares in the last quarter. Woodward Diversified Capital LLC increased its position in shares of Cintas by 4.8% during the 4th quarter. Woodward Diversified Capital LLC now owns 1,288 shares of the business services provider’s stock worth $242,000 after purchasing an additional 59 shares in the last quarter. Finally, Mather Group LLC. lifted its holdings in Cintas by 1.4% during the 4th quarter. Mather Group LLC. now owns 4,381 shares of the business services provider’s stock valued at $824,000 after purchasing an additional 59 shares during the last quarter. 63.46% of the stock is currently owned by institutional investors and hedge funds.

Analysts Set New Price Targets

CTAS has been the topic of a number of recent analyst reports. Weiss Ratings lowered shares of Cintas from a “hold (c+)” rating to a “hold (c)” rating in a research report on Wednesday, June 17th. Truist Financial cut their target price on shares of Cintas from $255.00 to $225.00 and set a “buy” rating for the company in a research note on Monday, June 15th. Stifel Nicolaus reduced their target price on Cintas from $222.00 to $190.00 and set a “hold” rating on the stock in a report on Thursday, March 26th. Bank of America dropped their price target on Cintas from $215.00 to $200.00 and set a “neutral” rating for the company in a report on Monday, June 29th. Finally, Citigroup cut their price objective on Cintas from $181.00 to $160.00 and set a “sell” rating for the company in a research report on Tuesday, March 31st. One analyst has rated the stock with a Strong Buy rating, five have assigned a Buy rating, seven have given a Hold rating and one has issued a Sell rating to the stock. According to data from MarketBeat, Cintas presently has a consensus rating of “Hold” and a consensus price target of $211.25.

Insider Transactions at Cintas

In other Cintas news, Director Ronald W. Tysoe sold 4,666 shares of the stock in a transaction on Monday, April 20th. The stock was sold at an average price of $178.87, for a total value of $834,607.42. Following the transaction, the director directly owned 22,448 shares in the company, valued at approximately $4,015,273.76. This trade represents a 17.21% decrease in their position. The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Corporate insiders own 14.90% of the company’s stock.

Cintas Price Performance

Shares of CTAS stock opened at $179.64 on Monday. Cintas Corporation has a 1 year low of $161.16 and a 1 year high of $226.75. The company has a current ratio of 1.98, a quick ratio of 1.74 and a debt-to-equity ratio of 0.51. The firm’s 50 day moving average is $173.19 and its 200-day moving average is $182.63. The firm has a market capitalization of $71.87 billion, a price-to-earnings ratio of 50.75, a PEG ratio of 2.86 and a beta of 0.94.

Cintas Dividend Announcement

The company also recently disclosed a quarterly dividend, which was paid on Monday, June 15th. Shareholders of record on Friday, May 15th were issued a dividend of $0.45 per share. The ex-dividend date of this dividend was Friday, May 15th. This represents a $1.80 annualized dividend and a yield of 1.0%. Cintas’s dividend payout ratio is currently 50.85%.

Cintas Company Profile

Cintas Corporation (NASDAQ: CTAS) is a provider of business services and products focused on workplace appearance, safety and facility maintenance. The company is best known for its uniform rental and corporate apparel programs, which include rental, leasing and direct-purchase options, laundering and garment repair. Cintas markets its services to a wide range of end-users, including manufacturing, food service, healthcare, hospitality, retail and government customers.

Beyond uniforms, Cintas offers a suite of facility services and products designed to help organizations maintain clean, safe and compliant workplaces.