Cintas Co. (NASDAQ:CTAS) Shares Purchased by Daymark Wealth Partners LLC

Daymark Wealth Partners LLC lifted its position in Cintas Co. (NASDAQ:CTAS) by 9.9% in the fourth quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The firm owned 16,209 shares of the business services provider’s stock after purchasing an additional 1,461 shares during the quarter. Daymark Wealth Partners LLC’s holdings in Cintas were worth $2,961,000 at the end of the most recent reporting period.

Other hedge funds and other institutional investors have also recently bought and sold shares of the company. Evergreen Capital Management LLC raised its position in shares of Cintas by 4.8% during the 2nd quarter. Evergreen Capital Management LLC now owns 827 shares of the business services provider’s stock valued at $579,000 after buying an additional 38 shares during the period. Aaron Wealth Advisors LLC increased its stake in Cintas by 2.0% during the fourth quarter. Aaron Wealth Advisors LLC now owns 2,803 shares of the business services provider’s stock worth $512,000 after acquiring an additional 55 shares during the last quarter. Simon Quick Advisors LLC increased its stake in Cintas by 5.5% during the fourth quarter. Simon Quick Advisors LLC now owns 1,213 shares of the business services provider’s stock worth $222,000 after acquiring an additional 63 shares during the last quarter. KPP Advisory Services LLC raised its position in Cintas by 19.6% in the second quarter. KPP Advisory Services LLC now owns 434 shares of the business services provider’s stock valued at $304,000 after purchasing an additional 71 shares during the period. Finally, First Hawaiian Bank lifted its stake in shares of Cintas by 0.4% in the 4th quarter. First Hawaiian Bank now owns 17,105 shares of the business services provider’s stock valued at $3,125,000 after purchasing an additional 73 shares during the last quarter. 63.46% of the stock is currently owned by institutional investors and hedge funds.

Cintas Price Performance

Shares of NASDAQ CTAS opened at $199.02 on Thursday. The company has a debt-to-equity ratio of 0.47, a current ratio of 1.58 and a quick ratio of 1.38. The company has a market cap of $80.31 billion, a price-to-earnings ratio of 47.99, a price-to-earnings-growth ratio of 3.83 and a beta of 1.37. The stock’s 50-day moving average is $204.22 and its two-hundred day moving average is $205.67. Cintas Co. has a 1-year low of $148.75 and a 1-year high of $228.12.

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

Cintas Announces Dividend

The firm also recently declared a quarterly dividend, which will be paid on Friday, March 14th. Shareholders of record on Friday, February 14th will be paid 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 dividend payout ratio is presently 37.61%.

Analyst Upgrades and Downgrades

CTAS has been the subject of a number of recent analyst reports. Robert W. Baird cut their price objective on Cintas from $209.00 to $200.00 and set a “neutral” rating for the company in a research report on Friday, December 20th. Truist Financial dropped their price target on shares of Cintas from $225.00 to $215.00 and set a “buy” rating for the company in a research report on Friday, December 20th. Wells Fargo & Company decreased their price objective 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. 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 report on Thursday, September 26th. Finally, Morgan Stanley boosted their target price on Cintas from $185.00 to $202.00 and gave the company an “equal weight” rating in a research report on Thursday, December 12th. 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, the stock has a consensus rating of “Hold” and a consensus target price 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.