228 Shares in Cintas Co. (NASDAQ:CTAS) Purchased by Lee Danner & Bass Inc.

Lee Danner & Bass Inc. purchased a new stake in Cintas Co. (NASDAQ:CTAS) in the fourth quarter, according to its most recent Form 13F filing with the SEC. The institutional investor purchased 228 shares of the business services provider’s stock, valued at approximately $42,000.

A number of other institutional investors and hedge funds also recently bought and sold shares of CTAS. Thrivent Financial for Lutherans lifted its holdings in Cintas by 331.2% in the 3rd quarter. Thrivent Financial for Lutherans now owns 20,970 shares of the business services provider’s stock valued at $4,317,000 after acquiring an additional 16,107 shares during the last quarter. Avior Wealth Management LLC lifted its holdings in Cintas by 304.1% in the 3rd quarter. Avior Wealth Management LLC now owns 299 shares of the business services provider’s stock valued at $62,000 after acquiring an additional 225 shares during the last quarter. First Horizon Advisors Inc. lifted its holdings in Cintas by 346.0% in the 3rd quarter. First Horizon Advisors Inc. now owns 1,048 shares of the business services provider’s stock valued at $216,000 after acquiring an additional 813 shares during the last quarter. Thompson Siegel & Walmsley LLC lifted its holdings in Cintas by 230.6% in the 3rd quarter. Thompson Siegel & Walmsley LLC now owns 5,712 shares of the business services provider’s stock valued at $1,176,000 after acquiring an additional 3,984 shares during the last quarter. Finally, Pacer Advisors Inc. lifted its holdings in Cintas by 327.1% in the 3rd quarter. Pacer Advisors Inc. now owns 70,374 shares of the business services provider’s stock valued at $14,489,000 after acquiring an additional 53,897 shares during the last quarter. 63.46% of the stock is owned by institutional investors and hedge funds.

Cintas Price Performance

Shares of CTAS opened at $191.17 on Friday. The firm has a market cap of $77.15 billion, a PE ratio of 46.09, a PEG ratio of 3.98 and a beta of 1.41. The firm’s 50 day moving average price is $200.46 and its 200 day moving average price is $208.91. 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 $158.10 and a twelve month high of $228.12.

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, beating the consensus estimate of $1.01 by $0.08. The firm had revenue of $2.56 billion for 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 revenue for the quarter was up 7.8% on a year-over-year basis. During the same quarter last year, the firm earned $3.61 earnings per share. As a group, research analysts expect that Cintas Co. will post 4.31 EPS for the current fiscal year.

Cintas Announces Dividend

The firm also recently disclosed a quarterly dividend, which was paid on Friday, March 14th. Investors of record on Friday, February 14th were given a dividend of $0.39 per share. This represents a $1.56 annualized dividend and a yield of 0.82%. The ex-dividend date of this dividend was Friday, February 14th. Cintas’s payout ratio is presently 37.59%.

Analysts Set New Price Targets

Several analysts have issued reports on the company. Robert W. Baird cut their price objective on Cintas from $209.00 to $200.00 and set a “neutral” rating on the stock in a report on Friday, December 20th. Royal Bank of Canada restated a “sector perform” rating and set a $215.00 price objective on shares of Cintas in a report on Friday, December 20th. Citigroup assumed coverage on Cintas in a report on Monday, February 24th. They set a “sell” rating and a $161.00 price objective on the stock. The Goldman Sachs Group cut their price objective on Cintas from $236.00 to $211.00 and set a “buy” rating on the stock in a report on Friday, December 20th. Finally, Truist Financial cut 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. 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’s stock. According to MarketBeat, the company presently has a consensus rating of “Hold” and an average target price of $199.79.

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.