Lake Street Private Wealth LLC acquired a new position in shares of Cintas Co. (NASDAQ:CTAS - Free Report) in the 4th quarter, according to its most recent 13F filing with the SEC. The fund acquired 1,280 shares of the business services provider's stock, valued at approximately $234,000.
A number of other large investors have also recently bought and sold shares of the stock. Financial Management Professionals Inc. raised its position 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 valued at $26,000 after buying an additional 99 shares during the last quarter. Hollencrest Capital Management grew its stake in Cintas by 433.3% in 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 period. Addison Advisors LLC grew 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 period. Grove Bank & Trust raised its holdings in Cintas by 1,340.0% in the 3rd quarter. Grove Bank & Trust now owns 144 shares of the business services provider's stock valued at $30,000 after acquiring an additional 134 shares during the last quarter. Finally, Capital Advisors Ltd. LLC lifted its stake 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 worth $33,000 after purchasing an additional 122 shares during the period. Institutional investors and hedge funds own 63.46% of the company's stock.
Cintas Stock Up 0.1 %
Shares of Cintas stock traded up $0.26 during trading hours on Friday, hitting $198.31. 1,673,318 shares of the company's stock traded hands, compared to its average volume of 2,374,499. Cintas Co. has a twelve month low of $146.63 and a twelve month high of $228.12. The company has a market cap of $80.03 billion, a PE ratio of 47.81, a PEG ratio of 3.65 and a beta of 1.37. The company has a quick ratio of 1.38, a current ratio of 1.58 and a debt-to-equity ratio of 0.47. The stock has a 50 day simple moving average of $205.21 and a 200-day simple moving average of $205.14.
Cintas (NASDAQ:CTAS - Get Free Report) last announced its earnings results on Thursday, December 19th. The business services provider reported $1.09 earnings per share (EPS) for the quarter, beating analysts' consensus estimates of $1.01 by $0.08. The company had revenue of $2.56 billion for the quarter, compared to analyst estimates of $2.56 billion. Cintas had a return on equity of 40.62% and a net margin of 17.23%. Cintas's quarterly revenue was up 7.8% on a year-over-year basis. During the same period in the prior year, the company posted $3.61 EPS. Equities research analysts anticipate that Cintas Co. will post 4.31 earnings per share for the current fiscal year.
Cintas Dividend Announcement
The company also recently disclosed a quarterly dividend, which will be paid on Friday, March 14th. Shareholders of record on Friday, February 14th will be paid a dividend of $0.39 per share. This represents a $1.56 annualized dividend and a yield of 0.79%. The ex-dividend date is Friday, February 14th. Cintas's payout ratio is currently 37.59%.
Analyst Ratings Changes
A number of equities research analysts have recently commented on CTAS shares. Royal Bank of Canada reaffirmed a "sector perform" rating and issued a $215.00 price objective on shares of Cintas in a research report on Friday, December 20th. The Goldman Sachs Group lowered their price objective on shares of Cintas from $236.00 to $211.00 and set a "buy" rating for the company in a research note on Friday, December 20th. Morgan Stanley increased their target price on Cintas from $185.00 to $202.00 and gave the stock an "equal weight" rating in a research report on Thursday, December 12th. Jefferies Financial Group reduced their target price on Cintas from $730.00 to $200.00 and set a "hold" rating on the stock in a report on Thursday, September 26th. Finally, UBS Group dropped their price target on Cintas from $240.00 to $218.00 and set a "buy" rating for the company in a research note 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 company. According to MarketBeat.com, Cintas presently has an average rating of "Hold" and an average target price of $198.46.
Read Our Latest Analysis on CTAS
About Cintas
(
Free Report)
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.
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