Park Avenue Securities LLC Buys 3,294 Shares of Cintas Co. (NASDAQ:CTAS)

Park Avenue Securities LLC boosted its holdings in Cintas Co. (NASDAQ:CTAS - Free Report) by 12.0% during the 4th quarter, according to the company in its most recent disclosure with the SEC. The fund owned 30,780 shares of the business services provider's stock after buying an additional 3,294 shares during the quarter. Park Avenue Securities LLC's holdings in Cintas were worth $5,623,000 as of its most recent SEC filing.

Several other institutional investors also recently modified their holdings of CTAS. Financial Management Professionals Inc. boosted its holdings 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 worth $26,000 after buying an additional 99 shares during the period. Hollencrest Capital Management boosted 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 purchasing an additional 104 shares during the period. Addison Advisors LLC grew its position in Cintas by 495.7% during the 3rd quarter. Addison Advisors LLC now owns 137 shares of the business services provider's stock worth $28,000 after purchasing an additional 114 shares in the last quarter. Grove Bank & Trust raised its stake in Cintas by 1,340.0% during the 3rd quarter. Grove Bank & Trust now owns 144 shares of the business services provider's stock valued at $30,000 after purchasing an additional 134 shares during the period. Finally, Capital Advisors Ltd. LLC lifted its holdings in shares of Cintas by 321.1% in the third quarter. Capital Advisors Ltd. LLC now owns 160 shares of the business services provider's stock valued at $33,000 after purchasing an additional 122 shares in the last quarter. Institutional investors own 63.46% of the company's stock.

Cintas Stock Performance

Shares of NASDAQ:CTAS traded up $2.35 during trading on Thursday, reaching $198.05. The stock had a trading volume of 1,417,871 shares, compared to its average volume of 2,166,297. The stock has a fifty day simple moving average of $206.18 and a two-hundred 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 Co. has a 52 week low of $146.29 and a 52 week high of $228.12. The firm has a market capitalization of $79.92 billion, a price-to-earnings ratio of 47.75, a P/E/G ratio of 3.65 and a beta of 1.37.

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

Cintas Announces Dividend

The firm also recently declared a quarterly dividend, which will be paid on Friday, March 14th. Shareholders of record on Friday, February 14th will be given a $0.39 dividend. This represents a $1.56 annualized dividend and a yield of 0.79%. The ex-dividend date is Friday, February 14th. Cintas's dividend payout ratio is currently 37.61%.

Wall Street Analyst Weigh In

CTAS has been the topic of a number of research analyst reports. Jefferies Financial Group lowered their price target on Cintas from $730.00 to $200.00 and set a "hold" rating on the stock in a report on Thursday, September 26th. UBS Group reduced their price target on shares of Cintas from $240.00 to $218.00 and set a "buy" rating for the company in a research report on Friday, December 20th. Wells Fargo & Company dropped their price objective on shares of Cintas from $191.00 to $184.00 and set an "underweight" rating on the stock in a research note on Friday, December 20th. Barclays increased 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. Finally, Truist Financial dropped their price target on shares of Cintas from $225.00 to $215.00 and set a "buy" rating on the stock in a research note on Friday, December 20th. Two 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. Based on data from MarketBeat, the stock currently has a consensus rating of "Hold" and an average target price of $198.46.

Cintas 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.