HHM Wealth Advisors LLC Invests $39,000 in Cintas Co. (NASDAQ:CTAS)

HHM Wealth Advisors LLC purchased a new stake in Cintas Co. (NASDAQ:CTAS) during the 4th quarter, Holdings Channel reports. The institutional investor purchased 212 shares of the business services provider’s stock, valued at approximately $39,000.

A number of other large investors have also recently added to or reduced their stakes in the stock. Aaron Wealth Advisors LLC raised its position in shares of Cintas by 2.0% during 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 during the period. Simon Quick Advisors LLC grew its stake in Cintas by 5.5% during the 4th quarter. Simon Quick Advisors LLC now owns 1,213 shares of the business services provider’s stock worth $222,000 after buying an additional 63 shares during the last quarter. First Hawaiian Bank increased its position in Cintas by 0.4% in the fourth quarter. First Hawaiian Bank now owns 17,105 shares of the business services provider’s stock worth $3,125,000 after buying an additional 73 shares during the period. Grove Bank & Trust lifted its stake in Cintas by 52.8% in the fourth quarter. Grove Bank & Trust now owns 220 shares of the business services provider’s stock valued at $40,000 after buying an additional 76 shares during the last quarter. Finally, Bank of New Hampshire boosted its holdings in shares of Cintas by 2.8% during the fourth quarter. Bank of New Hampshire now owns 2,904 shares of the business services provider’s stock valued at $531,000 after acquiring an additional 80 shares during the period. 63.46% of the stock is currently owned by institutional investors.

Analyst Upgrades and Downgrades

A number of research analysts have issued reports on CTAS shares. UBS Group reduced their price target on Cintas from $240.00 to $218.00 and set a “buy” rating for the company in a research report on Friday, December 20th. Robert W. Baird reduced their price objective on shares of Cintas from $209.00 to $200.00 and set a “neutral” rating for the company in a report on Friday, December 20th. Wells Fargo & Company lowered their target price on shares of Cintas from $191.00 to $184.00 and set an “underweight” rating on the stock in a research note on Friday, December 20th. The Goldman Sachs Group decreased their price objective on shares of Cintas from $236.00 to $211.00 and set a “buy” rating for the company in a report on Friday, December 20th. Finally, Morgan Stanley raised their price objective on shares of Cintas from $185.00 to $202.00 and gave the company an “equal weight” rating in a research note on Thursday, December 12th. 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. According to MarketBeat, the stock has a consensus rating of “Hold” and a consensus target price of $198.46.

Cintas Stock Up 0.8 %

CTAS stock opened at $202.21 on Tuesday. Cintas Co. has a 1-year low of $150.70 and a 1-year high of $228.12. The stock has a market cap of $81.60 billion, a P/E ratio of 48.75, a P/E/G ratio of 3.87 and a beta of 1.38. The stock’s fifty day simple moving average is $201.15 and its two-hundred day simple moving average is $206.83. The company has a current ratio of 1.58, a quick ratio of 1.38 and a debt-to-equity ratio of 0.47.

Cintas (NASDAQ:CTAS) last issued 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. The firm had revenue of $2.56 billion during 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%. The company’s quarterly revenue was up 7.8% on a year-over-year basis. During the same quarter last year, the business earned $3.61 earnings per share. Analysts expect that Cintas Co. will post 4.31 EPS for the current year.

Cintas Dividend Announcement

The company also recently disclosed a quarterly dividend, which will be paid on Friday, March 14th. Stockholders of record on Friday, February 14th will be given a dividend of $0.39 per share. The ex-dividend date is Friday, February 14th. This represents a $1.56 annualized dividend and a dividend yield of 0.77%. Cintas’s dividend payout ratio (DPR) is presently 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.