Atlas Legacy Advisors LLC Makes New $275,000 Investment in Cintas Co. (NASDAQ:CTAS)

Atlas Legacy Advisors LLC bought a new stake in Cintas Co. (NASDAQ:CTAS - Free Report) in the 4th quarter, according to its most recent filing with the Securities and Exchange Commission. The firm bought 1,507 shares of the business services provider's stock, valued at approximately $275,000.

A number of other hedge funds and other institutional investors have also bought and sold shares of CTAS. Stratos Wealth Advisors LLC boosted its holdings in shares of Cintas by 363.5% during the third quarter. Stratos Wealth Advisors LLC now owns 1,446 shares of the business services provider's stock worth $298,000 after acquiring an additional 1,134 shares during the period. Blue Trust Inc. boosted its holdings in shares of Cintas by 210.5% during the third quarter. Blue Trust Inc. now owns 1,273 shares of the business services provider's stock worth $262,000 after acquiring an additional 863 shares during the period. Allspring Global Investments Holdings LLC boosted its holdings in shares of Cintas by 343.9% during the third quarter. Allspring Global Investments Holdings LLC now owns 111,599 shares of the business services provider's stock worth $22,976,000 after acquiring an additional 86,460 shares during the period. Whittier Trust Co. boosted its holdings in shares of Cintas by 300.0% during the third quarter. Whittier Trust Co. now owns 3,332 shares of the business services provider's stock worth $686,000 after acquiring an additional 2,499 shares during the period. Finally, Whittier Trust Co. of Nevada Inc. boosted its holdings in shares of Cintas by 1,153.8% during the third quarter. Whittier Trust Co. of Nevada Inc. now owns 6,620 shares of the business services provider's stock worth $1,363,000 after acquiring an additional 6,092 shares during the period. Institutional investors own 63.46% of the company's stock.

Analysts Set New Price Targets

A number of equities research analysts have recently issued reports on the company. 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. UBS Group reduced their price objective on Cintas from $240.00 to $218.00 and set a "buy" rating for the company in a report on Friday, December 20th. Morgan Stanley lifted their price target on shares of Cintas from $185.00 to $202.00 and gave the company an "equal weight" rating in a research report on Thursday, December 12th. Wells Fargo & Company dropped their price target on shares of Cintas from $191.00 to $184.00 and set an "underweight" rating for the company in a research report on Friday, December 20th. Finally, The Goldman Sachs Group dropped their price target on shares of Cintas from $236.00 to $211.00 and set a "buy" rating for the company in a research report on Friday, December 20th. Two equities research analysts have rated the stock with a sell rating, nine have issued a hold rating and six have assigned a buy rating to the company's stock. According to data from MarketBeat.com, the company presently has an average rating of "Hold" and an average price target of $198.46.

Cintas Price Performance

CTAS traded down $1.67 during trading on Friday, hitting $204.26. 763,790 shares of the stock traded hands, compared to its average volume of 1,678,429. Cintas Co. has a twelve month low of $154.15 and a twelve month high of $228.12. The company has a market cap of $82.43 billion, a price-to-earnings ratio of 49.24, a PEG ratio of 4.02 and a beta of 1.38. The company has a debt-to-equity ratio of 0.47, a current ratio of 1.58 and a quick ratio of 1.38. The business has a 50 day moving average price of $196.67 and a 200 day moving average price of $207.94.

Cintas (NASDAQ:CTAS - Get Free Report) last announced its quarterly earnings data on Thursday, December 19th. The business services provider reported $1.09 EPS 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 business had revenue of $2.56 billion during the quarter, compared to the consensus estimate of $2.56 billion. During the same period in the previous year, the business earned $3.61 earnings per share. The company's revenue was up 7.8% on a year-over-year basis. Equities research analysts forecast that Cintas Co. will post 4.31 earnings per share for the current fiscal year.

Cintas Dividend Announcement

The business also recently announced 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. The ex-dividend date is Friday, February 14th. This represents a $1.56 dividend on an annualized basis and a dividend yield of 0.76%. Cintas's payout ratio is presently 37.61%.

About Cintas

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.