Orion Portfolio Solutions LLC Has $3.82 Million Stake in Cintas Co. (NASDAQ:CTAS)

Orion Portfolio Solutions LLC grew its stake in shares of Cintas Co. (NASDAQ:CTAS) by 7.7% during the fourth quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The fund owned 20,907 shares of the business services provider’s stock after buying an additional 1,501 shares during the period. Orion Portfolio Solutions LLC’s holdings in Cintas were worth $3,820,000 as of its most recent filing with the Securities and Exchange Commission.

Other institutional investors and hedge funds also recently modified their holdings of the company. Sound Income Strategies LLC acquired a new position in Cintas during the fourth quarter valued at approximately $27,000. Cyrus J. Lawrence LLC acquired a new position in shares of Cintas in the 4th quarter valued at $29,000. Endeavor Private Wealth Inc. acquired a new position in shares of Cintas in the 4th quarter valued at $31,000. IAG Wealth Partners LLC increased its position in shares of Cintas by 136.8% in the 4th quarter. IAG Wealth Partners LLC now owns 180 shares of the business services provider’s stock valued at $33,000 after buying an additional 104 shares in the last quarter. Finally, Newbridge Financial Services Group Inc. acquired a new stake in Cintas during the 4th quarter worth $34,000. 63.46% of the stock is owned by institutional investors.

Wall Street Analysts Forecast Growth

A number of research analysts have issued reports on the company. Citigroup started coverage on Cintas in a research note on Monday, February 24th. They issued a “sell” rating and a $161.00 target price for the company. Wells Fargo & Company increased their target price on Cintas from $184.00 to $196.00 and gave the stock an “underweight” rating in a research note on Thursday. Royal Bank of Canada reaffirmed a “sector perform” rating and issued a $215.00 price target on shares of Cintas in a research note on Thursday. Morgan Stanley increased their price objective on shares of Cintas from $195.00 to $213.00 and gave the stock an “equal weight” rating in a research report on Thursday. Finally, Robert W. Baird boosted their price objective on shares of Cintas from $200.00 to $227.00 and gave the company a “neutral” rating in a research report on Thursday. Two research analysts have rated the stock with a sell rating, eight have issued a hold rating and five have assigned a buy rating to the stock. According to data from MarketBeat.com, the company has a consensus rating of “Hold” and a consensus price target of $210.58.

Cintas Price Performance

NASDAQ:CTAS opened at $203.22 on Monday. The stock’s 50-day simple moving average is $201.01 and its 200 day simple moving average is $204.62. Cintas Co. has a 52-week low of $162.16 and a 52-week high of $228.12. The company has a debt-to-equity ratio of 0.47, a quick ratio of 1.38 and a current ratio of 1.58. The company has a market cap of $82.01 billion, a P/E ratio of 49.00, a P/E/G ratio of 3.98 and a beta of 1.41.

Cintas (NASDAQ:CTAS) last announced its quarterly earnings data on Wednesday, March 26th. The business services provider reported $1.13 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $1.05 by $0.08. Cintas had a return on equity of 40.62% and a net margin of 17.23%. The company had revenue of $2.61 billion for the quarter, compared to analysts’ expectations of $2.60 billion. During the same quarter in the prior year, the business posted $3.84 EPS. The business’s revenue was up 8.4% compared to the same quarter last year. As a group, sell-side analysts forecast that Cintas Co. will post 4.31 EPS for the current fiscal year.

Cintas Dividend Announcement

The company also recently disclosed a quarterly dividend, which was paid on Friday, March 14th. Stockholders of record on Friday, February 14th were paid a dividend of $0.39 per share. The ex-dividend date was Friday, February 14th. This represents a $1.56 annualized dividend and a dividend yield of 0.77%. Cintas’s dividend payout ratio is presently 36.11%.

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.