Grove Bank & Trust Has $40,000 Stock Holdings in Cintas Co. (NASDAQ:CTAS)

Grove Bank & Trust lifted its stake in shares of Cintas Co. (NASDAQ:CTAS) by 52.8% in the fourth quarter, according to the company in its most recent filing with the SEC. The fund owned 220 shares of the business services provider’s stock after buying an additional 76 shares during the quarter. Grove Bank & Trust’s holdings in Cintas were worth $40,000 as of its most recent SEC filing.

A number of other hedge funds also recently modified their holdings of the stock. Clarius Group LLC raised its stake in Cintas by 6.0% in the 4th quarter. Clarius Group LLC now owns 2,209 shares of the business services provider’s stock worth $404,000 after purchasing an additional 126 shares in the last quarter. Aaron Wealth Advisors LLC raised 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 in the last quarter. HB Wealth Management LLC raised its stake in Cintas by 1.9% in the 4th quarter. HB Wealth Management LLC now owns 6,800 shares of the business services provider’s stock worth $1,242,000 after purchasing an additional 126 shares in the last quarter. Lake Street Private Wealth LLC acquired a new position in shares of Cintas in the 4th quarter valued at approximately $234,000. Finally, Brooklyn Investment Group raised its position in shares of Cintas by 4.8% in the 4th quarter. Brooklyn Investment Group now owns 2,981 shares of the business services provider’s stock valued at $545,000 after buying an additional 137 shares in the last quarter. Institutional investors and hedge funds own 63.46% of the company’s stock.

Analyst Ratings Changes

Several equities analysts have recently commented on the stock. Jefferies Financial Group dropped their target price on shares of Cintas from $730.00 to $200.00 and set a “hold” rating for the company in a research report on Thursday, September 26th. Barclays lifted their price target on shares of Cintas from $210.00 to $245.00 and gave the company an “overweight” rating in a report on Friday, September 27th. Wells Fargo & Company decreased their price target on shares of Cintas from $191.00 to $184.00 and set an “underweight” rating on the stock in a report on Friday, December 20th. UBS Group decreased their price target on shares of Cintas from $240.00 to $218.00 and set a “buy” rating on the stock in a report on Friday, December 20th. Finally, Royal Bank of Canada reissued a “sector perform” rating and set a $215.00 target price on shares of Cintas 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 data from MarketBeat.com, the stock presently has an average rating of “Hold” and a consensus target price of $198.46.

Cintas Stock Up 0.1 %

Shares of NASDAQ CTAS opened at $198.31 on Tuesday. The company has a market capitalization of $80.03 billion, a P/E ratio of 47.81, a price-to-earnings-growth ratio of 3.65 and a beta of 1.37. Cintas Co. has a 52-week low of $146.63 and a 52-week high of $228.12. The company has a debt-to-equity ratio of 0.47, a quick ratio of 1.38 and a current ratio of 1.58. The company’s 50 day moving average price is $205.21 and its 200-day moving average price is $205.34.

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

Cintas Dividend Announcement

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

About Cintas

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.