KMG Fiduciary Partners LLC Boosts Holdings in Cintas Co. (NASDAQ:CTAS)

KMG Fiduciary Partners LLC boosted its stake in Cintas Co. (NASDAQ:CTAS - Free Report) by 121.8% during the fourth quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 11,545 shares of the business services provider's stock after purchasing an additional 6,341 shares during the period. KMG Fiduciary Partners LLC's holdings in Cintas were worth $2,109,000 at the end of the most recent reporting period.

A number of other institutional investors have also recently made changes to their positions in CTAS. Axxcess Wealth Management LLC lifted its position in Cintas by 0.5% in the 2nd quarter. Axxcess Wealth Management LLC now owns 2,905 shares of the business services provider's stock valued at $2,034,000 after acquiring an additional 14 shares in the last quarter. E Fund Management Co. Ltd. raised its stake in shares of Cintas by 1.9% in the second quarter. E Fund Management Co. Ltd. now owns 997 shares of the business services provider's stock worth $698,000 after purchasing an additional 19 shares during the last quarter. Evergreen Capital Management LLC lifted its holdings in shares of Cintas by 4.8% during the second quarter. Evergreen Capital Management LLC now owns 827 shares of the business services provider's stock valued at $579,000 after purchasing an additional 38 shares in the last quarter. Moors & Cabot Inc. boosted its position in shares of Cintas by 6.9% during the second quarter. Moors & Cabot Inc. now owns 757 shares of the business services provider's stock valued at $530,000 after buying an additional 49 shares during the last quarter. Finally, Mercer Global Advisors Inc. ADV increased its holdings in Cintas by 1.0% in the 2nd quarter. Mercer Global Advisors Inc. ADV now owns 6,664 shares of the business services provider's stock worth $5,053,000 after buying an additional 65 shares in the last quarter. Hedge funds and other institutional investors own 63.46% of the company's stock.

Cintas Price Performance

NASDAQ CTAS traded up $0.71 during trading on Friday, hitting $198.76. 876,411 shares of the stock traded hands, compared to its average volume of 2,044,400. The company has a market capitalization of $80.21 billion, a P/E ratio of 47.93, a price-to-earnings-growth ratio of 3.65 and a beta of 1.37. Cintas Co. has a 12-month low of $146.63 and a 12-month high of $228.12. The firm has a 50-day simple moving average of $206.18 and a 200-day simple moving average of $204.81. 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 announced its quarterly earnings results on Thursday, December 19th. The business services provider reported $1.09 earnings per share for the quarter, topping 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 company had revenue of $2.56 billion for the quarter, compared to analysts' expectations of $2.56 billion. During the same quarter in the previous year, the business posted $3.61 earnings per share. Cintas's quarterly revenue was up 7.8% on a year-over-year basis. As a group, analysts predict that Cintas Co. will post 4.31 EPS for the current year.

Cintas Announces Dividend

The business also recently declared a quarterly dividend, which will be paid on Friday, March 14th. Investors of record on Friday, February 14th will be given a $0.39 dividend. The ex-dividend date of this dividend is Friday, February 14th. This represents a $1.56 annualized dividend and a yield of 0.78%. Cintas's dividend payout ratio is currently 37.61%.

Wall Street Analysts Forecast Growth

CTAS has been the subject of a number of research analyst reports. Barclays lifted their target price on shares of Cintas from $210.00 to $245.00 and gave the stock an "overweight" rating in a research report on Friday, September 27th. The Goldman Sachs Group reduced their price objective on Cintas from $236.00 to $211.00 and set a "buy" rating for the company in a research report on Friday, December 20th. Truist Financial dropped their target price on Cintas from $225.00 to $215.00 and set a "buy" rating on the stock in a research report on Friday, December 20th. Wells Fargo & Company reduced 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, Royal Bank of Canada reissued a "sector perform" rating and issued a $215.00 price objective on shares of Cintas in a report on Friday, December 20th. Two investment analysts have rated the stock with a sell rating, nine have given a hold rating and six have given a buy rating to the company's stock. According to data from MarketBeat.com, the stock presently has an average rating of "Hold" and an average target price of $198.46.

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.