Annex Advisory Services LLC Has $23.28 Million Stake in Cintas Co. (NASDAQ:CTAS)

Annex Advisory Services LLC grew its holdings in shares of Cintas Co. (NASDAQ:CTAS - Free Report) by 1.6% during the fourth quarter, according to its most recent filing with the Securities and Exchange Commission. The institutional investor owned 127,441 shares of the business services provider's stock after purchasing an additional 1,988 shares during the quarter. Annex Advisory Services LLC's holdings in Cintas were worth $23,283,000 as of its most recent filing with the Securities and Exchange Commission.

A number of other hedge funds and other institutional investors have also modified their holdings of CTAS. Financial Management Professionals Inc. grew its stake in Cintas by 341.4% in the 3rd 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 last quarter. Hollencrest Capital Management grew 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 valued at $26,000 after buying an additional 104 shares during the last quarter. Addison Advisors LLC grew its stake in Cintas by 495.7% in the 3rd 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 last quarter. Grove Bank & Trust grew its stake in Cintas by 1,340.0% in the 3rd quarter. Grove Bank & Trust now owns 144 shares of the business services provider's stock valued at $30,000 after buying an additional 134 shares during the last quarter. Finally, Capital Advisors Ltd. LLC grew its stake in Cintas by 321.1% in the 3rd quarter. Capital Advisors Ltd. LLC now owns 160 shares of the business services provider's stock valued at $33,000 after buying an additional 122 shares during the last quarter. Institutional investors own 63.46% of the company's stock.

Wall Street Analysts Forecast Growth

A number of research analysts recently issued reports on the stock. UBS Group lowered their target price on shares of Cintas from $240.00 to $218.00 and set a "buy" rating on the stock in a research note on Friday, December 20th. Truist Financial decreased their price target on shares of Cintas from $225.00 to $215.00 and set a "buy" rating on the stock in a research report on Friday, December 20th. Barclays raised their price target 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. Royal Bank of Canada restated a "sector perform" rating and issued a $215.00 price target on shares of Cintas in a research report on Friday, December 20th. Finally, Robert W. Baird decreased their target price on shares of Cintas from $209.00 to $200.00 and set a "neutral" rating on the stock in a research report on Friday, December 20th. Two equities research 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, the stock currently has an average rating of "Hold" and an average target price of $198.46.

Cintas Price Performance

CTAS stock traded up $0.26 during trading on Monday, hitting $198.31. 1,673,318 shares of the stock traded hands, compared to its average volume of 2,374,499. Cintas Co. has a one year low of $146.63 and a one year high of $228.12. The stock has a market cap of $80.03 billion, a price-to-earnings ratio of 47.81, a P/E/G ratio of 3.65 and a beta of 1.37. The company has a current ratio of 1.58, a quick ratio of 1.38 and a debt-to-equity ratio of 0.47. The company has a 50 day simple moving average of $205.21 and a 200 day simple moving average of $205.34.

Cintas (NASDAQ:CTAS - Get Free Report) last announced 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. 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 the consensus estimate of $2.56 billion. During the same period in the previous year, the firm posted $3.61 earnings per share. The company's revenue was up 7.8% on a year-over-year basis. Equities analysts expect that Cintas Co. will post 4.31 EPS 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 $0.39 dividend. This represents a $1.56 dividend on an annualized basis and a dividend yield of 0.79%. The ex-dividend date is Friday, February 14th. Cintas's dividend payout ratio is presently 37.61%.

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.