Andina Capital Management LLC Purchases 108 Shares of Cintas Co. (NASDAQ:CTAS)

Andina Capital Management LLC grew its position in Cintas Co. (NASDAQ:CTAS) by 4.8% during the fourth quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The institutional investor owned 2,338 shares of the business services provider’s stock after purchasing an additional 108 shares during the period. Andina Capital Management LLC’s holdings in Cintas were worth $427,000 at the end of the most recent quarter.

Several other institutional investors and hedge funds also recently modified their holdings of CTAS. Toth Financial Advisory Corp grew its holdings in shares of Cintas by 18.6% during the fourth quarter. Toth Financial Advisory Corp now owns 3,364 shares of the business services provider’s stock worth $615,000 after buying an additional 528 shares in the last quarter. Linden Thomas Advisory Services LLC grew its holdings in shares of Cintas by 7.9% during the fourth quarter. Linden Thomas Advisory Services LLC now owns 8,315 shares of the business services provider’s stock worth $1,519,000 after buying an additional 612 shares in the last quarter. Cyndeo Wealth Partners LLC grew its holdings in shares of Cintas by 11.0% during the fourth quarter. Cyndeo Wealth Partners LLC now owns 4,138 shares of the business services provider’s stock worth $756,000 after buying an additional 410 shares in the last quarter. Geneos Wealth Management Inc. grew its holdings in shares of Cintas by 1.9% during the fourth quarter. Geneos Wealth Management Inc. now owns 5,880 shares of the business services provider’s stock worth $1,074,000 after buying an additional 111 shares in the last quarter. Finally, Exchange Traded Concepts LLC grew its holdings in shares of Cintas by 124.7% during the fourth quarter. Exchange Traded Concepts LLC now owns 25,489 shares of the business services provider’s stock worth $4,657,000 after buying an additional 14,145 shares in the last quarter. 63.46% of the stock is owned by institutional investors and hedge funds.

Cintas Price Performance

Shares of NASDAQ CTAS opened at $197.39 on Friday. The stock has a market capitalization of $79.65 billion, a PE ratio of 47.59, a P/E/G ratio of 3.84 and a beta of 1.37. Cintas Co. has a fifty-two week low of $148.75 and a fifty-two week high of $228.12. 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 business has a fifty day moving average price of $202.99 and a two-hundred day moving average price of $205.70.

Cintas (NASDAQ:CTAS) last issued its quarterly earnings data 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. The business 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%. Cintas’s quarterly revenue was up 7.8% compared to the same quarter last year. During the same quarter in the previous year, the company posted $3.61 EPS. As a group, equities analysts predict that Cintas Co. will post 4.31 earnings per share for the current fiscal year.

Cintas Dividend Announcement

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 given a $0.39 dividend. The ex-dividend date is Friday, February 14th. This represents a $1.56 dividend on an annualized basis and a dividend yield of 0.79%. Cintas’s dividend payout ratio (DPR) is presently 37.61%.

Analyst Ratings Changes

A number of research firms have weighed in on CTAS. UBS Group decreased their price target on Cintas from $240.00 to $218.00 and set a “buy” rating for the company in a research note on Friday, December 20th. Morgan Stanley lifted their target price on Cintas from $185.00 to $202.00 and gave the stock an “equal weight” rating in a research note on Thursday, December 12th. Truist Financial reduced their target price on Cintas from $225.00 to $215.00 and set a “buy” rating for the company in a research note on Friday, December 20th. The Goldman Sachs Group reduced their target price on Cintas from $236.00 to $211.00 and set a “buy” rating for the company in a research note on Friday, December 20th. Finally, Wells Fargo & Company reduced their target price on Cintas from $191.00 to $184.00 and set an “underweight” rating for the company in a research note on Friday, December 20th. Two equities research analysts have rated the stock with a sell rating, nine have assigned a hold rating and six have assigned a buy rating to the company. Based on data from MarketBeat.com, the stock has a consensus rating of “Hold” and a consensus target price of $198.46.

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.