IFG Advisors LLC Purchases 46,098 Shares of Cintas Co. (NASDAQ:CTAS)

IFG Advisors LLC lifted its holdings in shares of Cintas Co. (NASDAQ:CTAS - Free Report) by 34.3% in the 4th quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm owned 180,369 shares of the business services provider's stock after buying an additional 46,098 shares during the quarter. Cintas comprises approximately 6.6% of IFG Advisors LLC's investment portfolio, making the stock its 5th biggest holding. IFG Advisors LLC's holdings in Cintas were worth $32,953,000 at the end of the most recent quarter.

A number of other institutional investors and hedge funds have also modified their holdings of CTAS. JFS Wealth Advisors LLC lifted its stake in Cintas by 304.7% in the third quarter. JFS Wealth Advisors LLC now owns 348 shares of the business services provider's stock valued at $72,000 after buying an additional 262 shares during the period. Financial Advocates Investment Management increased its stake in shares of Cintas by 309.1% in the 3rd quarter. Financial Advocates Investment Management now owns 3,412 shares of the business services provider's stock valued at $703,000 after acquiring an additional 2,578 shares during the last quarter. Cigna Investments Inc. New raised its position in shares of Cintas by 294.0% in the 3rd quarter. Cigna Investments Inc. New now owns 3,625 shares of the business services provider's stock valued at $746,000 after acquiring an additional 2,705 shares during the period. Stephens Inc. AR boosted its stake in Cintas by 290.9% during the 3rd quarter. Stephens Inc. AR now owns 10,425 shares of the business services provider's stock worth $2,146,000 after acquiring an additional 7,758 shares during the last quarter. Finally, Focus Financial Network Inc. grew its holdings in Cintas by 299.7% during the third quarter. Focus Financial Network Inc. now owns 1,403 shares of the business services provider's stock valued at $289,000 after purchasing an additional 1,052 shares during the period. 63.46% of the stock is owned by institutional investors.

Cintas Stock Up 0.8 %

Shares of CTAS stock traded up $1.70 during trading on Monday, reaching $209.20. The company's stock had a trading volume of 590,543 shares, compared to its average volume of 1,700,892. The company has a market cap of $84.42 billion, a price-to-earnings ratio of 50.46, a price-to-earnings-growth ratio of 3.98 and a beta of 1.38. Cintas Co. has a one year low of $154.15 and a one year high of $228.12. The business has a fifty day moving average price of $197.13 and a 200-day moving average price of $208.94. The company has a quick ratio of 1.38, a current ratio of 1.58 and a debt-to-equity ratio of 0.47.

Cintas (NASDAQ:CTAS - Get Free Report) last posted its quarterly earnings data on Thursday, December 19th. The business services provider reported $1.09 EPS for the quarter, topping analysts' consensus estimates of $1.01 by $0.08. The company had revenue of $2.56 billion during the quarter, compared to the consensus estimate of $2.56 billion. Cintas had a net margin of 17.23% and a return on equity of 40.62%. The company's quarterly revenue was up 7.8% on a year-over-year basis. During the same period in the prior year, the business posted $3.61 EPS. Analysts anticipate that Cintas Co. will post 4.31 earnings per share for the current year.

Cintas Announces Dividend

The business also recently disclosed a quarterly dividend, which will be paid on Friday, March 14th. Stockholders of record on Friday, February 14th will be paid a dividend of $0.39 per share. This represents a $1.56 dividend on an annualized basis and a dividend yield of 0.75%. The ex-dividend date of this dividend is Friday, February 14th. Cintas's dividend payout ratio is currently 37.59%.

Analyst Ratings Changes

Several equities research analysts have weighed in on CTAS shares. Wells Fargo & Company cut their target price 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. Robert W. Baird dropped their price objective on Cintas from $209.00 to $200.00 and set a "neutral" rating on the stock in a research note on Friday, December 20th. UBS Group reduced their target price on Cintas from $240.00 to $218.00 and set a "buy" rating on the stock in a report on Friday, December 20th. The Goldman Sachs Group lowered their price target on Cintas from $236.00 to $211.00 and set a "buy" rating for the company in a report on Friday, December 20th. Finally, Truist Financial cut their price objective on Cintas from $225.00 to $215.00 and set a "buy" 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 assigned a hold rating and six have assigned a buy rating to the company's stock. Based on data from MarketBeat.com, the stock has a consensus rating of "Hold" and a consensus price target of $199.79.

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.