MCF Advisors LLC Buys 408 Shares of Cintas Co. (NASDAQ:CTAS)

MCF Advisors LLC increased its stake in shares of Cintas Co. (NASDAQ:CTAS) by 56.7% in the fourth quarter, according to the company in its most recent Form 13F filing with the SEC. The fund owned 1,128 shares of the business services provider’s stock after acquiring an additional 408 shares during the quarter. MCF Advisors LLC’s holdings in Cintas were worth $206,000 at the end of the most recent quarter.

A number of other institutional investors and hedge funds also recently bought and sold shares of CTAS. Financial Management Professionals Inc. increased its holdings in shares of Cintas by 341.4% in the third quarter. Financial Management Professionals Inc. now owns 128 shares of the business services provider’s stock worth $26,000 after purchasing an additional 99 shares during the last quarter. Hollencrest Capital Management grew its holdings in Cintas by 433.3% during the 3rd quarter. Hollencrest Capital Management now owns 128 shares of the business services provider’s stock valued at $26,000 after buying an additional 104 shares in the last quarter. Addison Advisors LLC increased its stake in Cintas by 495.7% in the 3rd quarter. Addison Advisors LLC now owns 137 shares of the business services provider’s stock worth $28,000 after acquiring an additional 114 shares during the last quarter. Grove Bank & Trust raised its holdings in shares of Cintas by 1,340.0% during the 3rd quarter. Grove Bank & Trust now owns 144 shares of the business services provider’s stock worth $30,000 after acquiring an additional 134 shares in the last quarter. Finally, Capital Advisors Ltd. LLC boosted its position in shares of Cintas by 321.1% during the 3rd quarter. Capital Advisors Ltd. LLC now owns 160 shares of the business services provider’s stock valued at $33,000 after acquiring an additional 122 shares during the last quarter. 63.46% of the stock is currently owned by institutional investors.

Cintas Price Performance

Cintas stock opened at $199.02 on Thursday. The stock has a market cap of $80.31 billion, a price-to-earnings ratio of 47.99, a price-to-earnings-growth ratio of 3.83 and a beta of 1.37. The firm has a 50-day moving average of $204.22 and a two-hundred day moving average of $205.67. Cintas Co. has a 1 year low of $148.75 and a 1 year high of $228.12. The company has a debt-to-equity ratio of 0.47, a current ratio of 1.58 and a quick ratio of 1.38.

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

Cintas Dividend Announcement

The company also recently disclosed a quarterly dividend, which will be paid on Friday, March 14th. Investors 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 0.78%. Cintas’s payout ratio is currently 37.61%.

Analysts Set New Price Targets

CTAS has been the topic of several research reports. UBS Group reduced their price target on shares of Cintas from $240.00 to $218.00 and set a “buy” rating on the stock in a research report on Friday, December 20th. Jefferies Financial Group decreased their target price on shares of Cintas from $730.00 to $200.00 and set a “hold” rating on the stock in a research report on Thursday, September 26th. Truist Financial dropped their price target on Cintas from $225.00 to $215.00 and set a “buy” rating for the company in a research report on Friday, December 20th. Wells Fargo & Company decreased their price objective on Cintas from $191.00 to $184.00 and set an “underweight” rating on the stock in a research report on Friday, December 20th. Finally, Robert W. Baird dropped their target price on Cintas from $209.00 to $200.00 and set a “neutral” rating for the company in a report on Friday, December 20th. Two analysts have rated the stock with a sell rating, nine have assigned a hold rating and six have given a buy rating to the stock. Based on data from MarketBeat.com, the stock currently has an average rating of “Hold” and an average price target of $198.46.

Cintas 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.