Paragon Private Wealth Management LLC Has $795,000 Position in Cintas Co. (NASDAQ:CTAS)

Paragon Private Wealth Management LLC raised its stake in Cintas Co. (NASDAQ:CTAS) by 17.1% in the 4th quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 4,349 shares of the business services provider’s stock after acquiring an additional 635 shares during the period. Paragon Private Wealth Management LLC’s holdings in Cintas were worth $795,000 at the end of the most recent quarter.

Several other hedge funds and other institutional investors have also recently added to or reduced their stakes in CTAS. Hollencrest Capital Management grew its position in Cintas by 433.3% during the 3rd quarter. Hollencrest Capital Management now owns 128 shares of the business services provider’s stock worth $26,000 after acquiring an additional 104 shares during the last quarter. Sound Income Strategies LLC acquired a new position in shares of Cintas in the 4th quarter valued at about $27,000. Addison Advisors LLC raised its stake in Cintas by 495.7% during the 3rd quarter. Addison Advisors LLC now owns 137 shares of the business services provider’s stock worth $28,000 after buying an additional 114 shares during the period. Endeavor Private Wealth Inc. acquired a new position in Cintas during the 4th quarter worth approximately $31,000. Finally, Newbridge Financial Services Group Inc. acquired a new position in Cintas during the 4th quarter worth approximately $34,000. 63.46% of the stock is owned by institutional investors and hedge funds.

Wall Street Analysts Forecast Growth

CTAS has been the subject of several recent analyst reports. Citigroup assumed coverage on Cintas in a report on Monday, February 24th. They issued a “sell” rating and a $161.00 target price for the company. Truist Financial lowered their price objective on Cintas from $225.00 to $215.00 and set a “buy” rating on the stock in a research report on Friday, December 20th. The Goldman Sachs Group lowered their price target on Cintas from $236.00 to $211.00 and set a “buy” rating on the stock in a research report on Friday, December 20th. UBS Group lowered their price target on Cintas from $240.00 to $218.00 and set a “buy” rating on the stock in a research report on Friday, December 20th. Finally, Royal Bank of Canada reaffirmed a “sector perform” rating and set a $215.00 price objective on shares of Cintas in a research note on Friday, December 20th. Two analysts have rated the stock with a sell rating, nine have issued a hold rating and six have issued a buy rating to the company. According to MarketBeat, Cintas presently has a consensus rating of “Hold” and an average target price of $199.79.

Cintas Price Performance

CTAS stock opened at $203.06 on Monday. 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 firm has a market capitalization of $81.94 billion, a P/E ratio of 48.96, a P/E/G ratio of 3.98 and a beta of 1.41. The business’s 50-day moving average is $198.90 and its two-hundred day moving average is $209.33. Cintas Co. has a 1 year low of $154.15 and a 1 year high of $228.12.

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

Cintas Announces Dividend

The firm also recently declared a quarterly dividend, which will be paid on Friday, March 14th. Stockholders of record on Friday, February 14th will be issued a $0.39 dividend. The ex-dividend date of this dividend is Friday, February 14th. This represents a $1.56 annualized dividend and a dividend yield of 0.77%. Cintas’s dividend payout ratio is currently 37.59%.

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.