Commonwealth Equity Services LLC Acquires 15,439 Shares of Cintas Co. (NASDAQ:CTAS)

Commonwealth Equity Services LLC grew its holdings in Cintas Co. (NASDAQ:CTAS) by 19.3% in the 4th quarter, Holdings Channel reports. The fund owned 95,633 shares of the business services provider’s stock after purchasing an additional 15,439 shares during the quarter. Commonwealth Equity Services LLC’s holdings in Cintas were worth $17,472,000 as of its most recent filing with the Securities and Exchange Commission.

Other hedge funds and other institutional investors have also modified their holdings of the company. Sound Income Strategies LLC bought a new position in Cintas during the fourth quarter valued at about $27,000. Endeavor Private Wealth Inc. acquired a new stake in shares of Cintas during the 4th quarter worth approximately $31,000. IAG Wealth Partners LLC increased its position in shares of Cintas by 136.8% during the fourth quarter. IAG Wealth Partners LLC now owns 180 shares of the business services provider’s stock valued at $33,000 after purchasing an additional 104 shares during the period. Newbridge Financial Services Group Inc. acquired a new position in shares of Cintas in the fourth quarter valued at $34,000. Finally, OFI Invest Asset Management bought a new position in Cintas in the fourth quarter worth $37,000. Institutional investors and hedge funds own 63.46% of the company’s stock.

Analysts Set New Price Targets

Several equities research analysts have issued reports on CTAS shares. Citigroup began coverage on shares of Cintas in a report on Monday, February 24th. They issued a “sell” rating and a $161.00 price target on the stock. Robert W. Baird dropped their price target on shares of Cintas from $209.00 to $200.00 and set a “neutral” rating for the company in a research report on Friday, December 20th. Truist Financial decreased their price objective on Cintas from $225.00 to $215.00 and set a “buy” rating on the stock in a report on Friday, December 20th. The Goldman Sachs Group dropped their target price on Cintas from $236.00 to $211.00 and set a “buy” rating for the company in a report on Friday, December 20th. Finally, UBS Group decreased their price target on Cintas from $240.00 to $218.00 and set a “buy” rating on the stock in a research note on Friday, December 20th. Two research analysts have rated the stock with a sell rating, nine have given a hold rating and six have assigned a buy rating to the company. According to MarketBeat.com, the company presently has an average rating of “Hold” and a consensus target price of $199.79.

Cintas Stock Performance

Shares of NASDAQ:CTAS opened at $195.17 on Tuesday. The business has a fifty day moving average of $200.22 and a 200-day moving average of $209.17. The company has a debt-to-equity ratio of 0.47, a quick ratio of 1.38 and a current ratio of 1.58. Cintas Co. has a twelve month low of $155.89 and a twelve month high of $228.12. The firm has a market cap of $78.76 billion, a PE ratio of 47.06, a price-to-earnings-growth ratio of 3.98 and a beta of 1.41.

Cintas (NASDAQ:CTAS) last posted its quarterly earnings data on Thursday, December 19th. The business services provider reported $1.09 earnings per share for the quarter, beating the consensus estimate of $1.01 by $0.08. Cintas had a net margin of 17.23% and a return on equity of 40.62%. The firm had revenue of $2.56 billion during the quarter, compared to analysts’ expectations of $2.56 billion. During the same quarter last year, the company posted $3.61 EPS. The company’s quarterly revenue was up 7.8% compared to the same quarter last year. On average, equities research analysts predict that Cintas Co. will post 4.31 EPS for the current fiscal year.

Cintas Dividend Announcement

The business also recently disclosed a quarterly dividend, which was paid on Friday, March 14th. Investors of record on Friday, February 14th were given a $0.39 dividend. This represents a $1.56 annualized dividend and a yield of 0.80%. The ex-dividend date was Friday, February 14th. Cintas’s dividend payout ratio (DPR) is presently 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.