Amalgamated Bank Grows Stock Holdings in Cintas Co. (NASDAQ:CTAS)

Amalgamated Bank grew its position in Cintas Co. (NASDAQ:CTAS) by 0.9% in the fourth quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor owned 79,756 shares of the business services provider’s stock after buying an additional 708 shares during the quarter. Amalgamated Bank’s holdings in Cintas were worth $14,571,000 as of its most recent filing with the Securities and Exchange Commission.

Other institutional investors and hedge funds have also recently modified their holdings of the company. Guardian Wealth Advisors LLC grew its stake in Cintas by 3.1% during the 4th quarter. Guardian Wealth Advisors LLC now owns 1,741 shares of the business services provider’s stock worth $318,000 after buying an additional 52 shares during the last quarter. MGB Wealth Management LLC lifted its stake in Cintas by 0.7% in the fourth quarter. MGB Wealth Management LLC now owns 7,248 shares of the business services provider’s stock valued at $1,328,000 after buying an additional 52 shares during the last quarter. Aaron Wealth Advisors LLC boosted its holdings in shares of Cintas by 2.0% in the fourth quarter. Aaron Wealth Advisors LLC now owns 2,803 shares of the business services provider’s stock valued at $512,000 after acquiring an additional 55 shares during the period. S.A. Mason LLC grew its position in shares of Cintas by 3.3% during the fourth quarter. S.A. Mason LLC now owns 1,703 shares of the business services provider’s stock worth $311,000 after acquiring an additional 55 shares during the last quarter. Finally, Simon Quick Advisors LLC increased its holdings in shares of Cintas by 5.5% in the 4th quarter. Simon Quick Advisors LLC now owns 1,213 shares of the business services provider’s stock valued at $222,000 after acquiring an additional 63 shares during the period. Hedge funds and other institutional investors own 63.46% of the company’s stock.

Wall Street Analyst Weigh In

A number of analysts recently weighed in on CTAS shares. Royal Bank of Canada reiterated a “sector perform” rating and set a $215.00 price target on shares of Cintas in a research note on Friday, December 20th. Robert W. Baird decreased their target price on shares of Cintas from $209.00 to $200.00 and set a “neutral” rating for the company in a research note on Friday, December 20th. Truist Financial dropped their price target on Cintas from $225.00 to $215.00 and set a “buy” rating on the stock in a research report on Friday, December 20th. UBS Group decreased their price objective on Cintas from $240.00 to $218.00 and set a “buy” rating for the company in a research report on Friday, December 20th. Finally, Citigroup started coverage on Cintas in a report on Monday. They issued a “sell” rating and a $161.00 target price on the stock. Two analysts have rated the stock with a sell rating, nine have given a hold rating and six have issued a buy rating to the company’s stock. According to MarketBeat, the stock has a consensus rating of “Hold” and a consensus target price of $199.79.

Cintas Stock Performance

Shares of CTAS opened at $205.82 on Wednesday. The company has a market capitalization of $83.06 billion, a PE ratio of 49.63, a P/E/G ratio of 3.98 and a beta of 1.38. Cintas Co. has a 52-week low of $154.15 and a 52-week high of $228.12. The company has a 50-day simple moving average of $196.31 and a 200-day simple moving average of $208.62. The company has a quick ratio of 1.38, a current ratio of 1.58 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 (EPS) for the quarter, beating analysts’ consensus estimates of $1.01 by $0.08. The company had revenue of $2.56 billion during the quarter, compared to analysts’ expectations of $2.56 billion. Cintas had a net margin of 17.23% and a return on equity of 40.62%. The firm’s quarterly revenue was up 7.8% compared to the same quarter last year. During the same period last year, the company posted $3.61 earnings per share. Equities research analysts predict that Cintas Co. will post 4.31 earnings per share for the current fiscal year.

Cintas Announces Dividend

The company also recently announced a quarterly dividend, which will be paid on Friday, March 14th. Shareholders 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 dividend on an annualized basis and a yield of 0.76%. Cintas’s payout ratio is 37.59%.

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.