C2P Capital Advisory Group LLC d.b.a. Prosperity Capital Advisors Acquires Shares of 4,813 Cintas Co. (NASDAQ:CTAS)

C2P Capital Advisory Group LLC d.b.a. Prosperity Capital Advisors bought a new position in shares of Cintas Co. (NASDAQ:CTAS - Free Report) during the fourth quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The firm bought 4,813 shares of the business services provider's stock, valued at approximately $879,000.

Other institutional investors have also modified their holdings of the company. Financial Management Professionals Inc. increased its holdings in Cintas by 341.4% during 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 period. Hollencrest Capital Management increased its holdings in Cintas by 433.3% during the third 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 during the period. Sound Income Strategies LLC purchased a new position in Cintas during the fourth quarter valued at approximately $27,000. Addison Advisors LLC increased its holdings in Cintas by 495.7% during the third quarter. Addison Advisors LLC now owns 137 shares of the business services provider's stock valued at $28,000 after buying an additional 114 shares during the period. Finally, Endeavor Private Wealth Inc. purchased a new position in Cintas during the fourth quarter valued at approximately $31,000. 63.46% of the stock is owned by hedge funds and other institutional investors.

Cintas Stock Performance

NASDAQ CTAS traded down $1.78 on Friday, reaching $204.15. 763,790 shares of the company's stock traded hands, compared to its average volume of 1,678,429. The firm has a market cap of $82.38 billion, a price-to-earnings ratio of 49.24, a P/E/G ratio of 4.02 and a beta of 1.38. The stock has a 50 day moving average price of $196.67 and a 200-day moving average price of $207.94. Cintas Co. has a fifty-two week low of $154.15 and a fifty-two 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.

Cintas (NASDAQ:CTAS - Get Free Report) last released its quarterly earnings data on Thursday, December 19th. The business services provider reported $1.09 earnings per share for the quarter, beating analysts' consensus estimates of $1.01 by $0.08. Cintas had a net margin of 17.23% and a return on equity of 40.62%. The company had revenue of $2.56 billion during the quarter, compared to analysts' expectations of $2.56 billion. During the same quarter in the previous year, the company earned $3.61 earnings per share. The firm's revenue for the quarter was up 7.8% on a year-over-year basis. Equities research analysts predict 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 will be paid on Friday, March 14th. Shareholders of record on Friday, February 14th will be issued a $0.39 dividend. The ex-dividend date is Friday, February 14th. This represents a $1.56 dividend on an annualized basis and a yield of 0.76%. Cintas's payout ratio is 37.61%.

Analysts Set New Price Targets

Several equities analysts have issued reports on CTAS shares. The Goldman Sachs Group cut their price target on shares of Cintas from $236.00 to $211.00 and set a "buy" rating on the stock in a report on Friday, December 20th. Truist Financial cut their price target on shares of Cintas from $225.00 to $215.00 and set a "buy" rating on the stock 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 stock an "equal weight" rating in a report on Thursday, December 12th. UBS Group cut their price target on shares of Cintas from $240.00 to $218.00 and set a "buy" rating on the stock in a report on Friday, December 20th. Finally, Wells Fargo & Company cut their price target on shares of Cintas from $191.00 to $184.00 and set an "underweight" 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 issued a hold rating and six have given a buy rating to the company's stock. According to data from MarketBeat.com, the company has a consensus rating of "Hold" and a consensus price target of $198.46.

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.