Raleigh Capital Management Inc. Has $199,000 Stock Position in Cintas Co. (NASDAQ:CTAS)

Raleigh Capital Management Inc. boosted its holdings in shares of Cintas Co. (NASDAQ:CTAS) by 61.9% in the 4th quarter, Holdings Channel reports. The firm owned 1,091 shares of the business services provider’s stock after buying an additional 417 shares during the period. Raleigh Capital Management Inc.’s holdings in Cintas were worth $199,000 at the end of the most recent reporting period.

Other large investors have also recently modified their holdings of the company. Wendell David Associates Inc. lifted its position in shares of Cintas by 7.4% during the 4th quarter. Wendell David Associates Inc. now owns 1,967 shares of the business services provider’s stock worth $359,000 after buying an additional 135 shares during the last quarter. Traynor Capital Management Inc. raised its stake in Cintas by 13.7% during the fourth quarter. Traynor Capital Management Inc. now owns 16,982 shares of the business services provider’s stock worth $3,103,000 after acquiring an additional 2,040 shares in the last quarter. Wesbanco Bank Inc. lifted its holdings in shares of Cintas by 27.7% in the fourth quarter. Wesbanco Bank Inc. now owns 1,708 shares of the business services provider’s stock worth $312,000 after acquiring an additional 370 shares during the last quarter. Daymark Wealth Partners LLC boosted its stake in shares of Cintas by 9.9% in the 4th quarter. Daymark Wealth Partners LLC now owns 16,209 shares of the business services provider’s stock valued at $2,961,000 after purchasing an additional 1,461 shares in the last quarter. Finally, Dakota Wealth Management grew its holdings in shares of Cintas by 1.6% during the 4th quarter. Dakota Wealth Management now owns 92,603 shares of the business services provider’s stock valued at $16,919,000 after purchasing an additional 1,463 shares during the last quarter. Institutional investors and hedge funds own 63.46% of the company’s stock.

Wall Street Analysts Forecast Growth

CTAS has been the subject of several research reports. Truist Financial cut their target price on shares of Cintas from $225.00 to $215.00 and set a “buy” rating on the stock in a research report on Friday, December 20th. Morgan Stanley raised their price objective on Cintas from $185.00 to $202.00 and gave the company an “equal weight” rating in a report on Thursday, December 12th. UBS Group lowered their target price on Cintas from $240.00 to $218.00 and set a “buy” rating for the company in a report on Friday, December 20th. Robert W. Baird dropped their target price on Cintas from $209.00 to $200.00 and set a “neutral” rating for the company in a research report on Friday, December 20th. Finally, Wells Fargo & Company reduced their price target on Cintas from $191.00 to $184.00 and set an “underweight” rating on the stock in a report on Friday, December 20th. Two analysts have rated the stock with a sell rating, nine have issued a hold rating and six have given a buy rating to the company’s stock. According to data from MarketBeat.com, the company presently has an average rating of “Hold” and a consensus price target of $198.46.

Cintas Stock Performance

Shares of Cintas stock opened at $197.80 on Friday. The company has a market cap of $79.82 billion, a P/E ratio of 47.69, a PEG ratio of 3.89 and a beta of 1.37. The company has a current ratio of 1.58, a quick ratio of 1.38 and a debt-to-equity ratio of 0.47. The business has a 50-day moving average price of $203.73 and a two-hundred day moving average price of $205.62. Cintas Co. has a 1-year low of $148.75 and a 1-year high of $228.12.

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

Cintas Announces Dividend

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

Cintas Company 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.