Cintas Co. (NASDAQ:CTAS) Holdings Raised by Vest Financial LLC

Vest Financial LLC grew its position in Cintas Co. (NASDAQ:CTAS - Free Report) by 5.0% in the 4th quarter, according to its most recent disclosure with the Securities and Exchange Commission. The firm owned 271,357 shares of the business services provider's stock after acquiring an additional 12,880 shares during the quarter. Vest Financial LLC owned about 0.07% of Cintas worth $49,577,000 at the end of the most recent reporting period.

Several other large investors have also modified their holdings of the company. Dynamic Advisor Solutions LLC lifted its holdings in shares of Cintas by 262.8% during the third quarter. Dynamic Advisor Solutions LLC now owns 1,299 shares of the business services provider's stock worth $267,000 after purchasing an additional 941 shares during the period. Brookstone Capital Management lifted its holdings in shares of Cintas by 209.7% during the third quarter. Brookstone Capital Management now owns 1,081 shares of the business services provider's stock worth $223,000 after purchasing an additional 732 shares during the period. Strategic Wealth Partners Ltd. lifted its holdings in shares of Cintas by 300.0% during the third quarter. Strategic Wealth Partners Ltd. now owns 1,400 shares of the business services provider's stock worth $288,000 after purchasing an additional 1,050 shares during the period. CWM LLC lifted its holdings in shares of Cintas by 422.3% during the third quarter. CWM LLC now owns 28,571 shares of the business services provider's stock worth $5,882,000 after purchasing an additional 23,101 shares during the period. Finally, Hexagon Capital Partners LLC lifted its holdings in shares of Cintas by 272.8% during the third quarter. Hexagon Capital Partners LLC now owns 589 shares of the business services provider's stock worth $121,000 after purchasing an additional 431 shares during the period. 63.46% of the stock is owned by institutional investors and hedge funds.

Wall Street Analysts Forecast Growth

A number of research firms have commented on CTAS. Royal Bank of Canada reissued a "sector perform" rating and issued a $215.00 target price on shares of Cintas in a report on Friday, December 20th. Truist Financial reduced their target price on Cintas from $225.00 to $215.00 and set a "buy" rating for the company in a report on Friday, December 20th. The Goldman Sachs Group reduced their target price on Cintas from $236.00 to $211.00 and set a "buy" rating for the company in a report on Friday, December 20th. Wells Fargo & Company reduced their target price on Cintas from $191.00 to $184.00 and set an "underweight" rating for the company in a report on Friday, December 20th. Finally, Morgan Stanley raised their price target on Cintas from $185.00 to $202.00 and gave the company an "equal weight" rating in a research report on Thursday, December 12th. Two investment analysts have rated the stock with a sell rating, nine have issued a hold rating and six have assigned a buy rating to the company. According to data from MarketBeat.com, Cintas has a consensus rating of "Hold" and a consensus price target of $198.46.

Cintas Trading Down 0.4 %

NASDAQ:CTAS traded down $0.79 during mid-day trading on Wednesday, reaching $204.61. The company's stock had a trading volume of 1,308,937 shares, compared to its average volume of 1,747,587. The company's fifty day simple moving average is $198.16 and its two-hundred day simple moving average is $207.47. The company has a debt-to-equity ratio of 0.47, a current ratio of 1.58 and a quick ratio of 1.38. Cintas Co. has a twelve month low of $150.70 and a twelve month high of $228.12. The stock has a market cap of $82.57 billion, a P/E ratio of 49.33, a P/E/G ratio of 3.95 and a beta of 1.38.

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

Cintas Dividend Announcement

The company 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 $0.39 dividend. This represents a $1.56 annualized dividend and a dividend yield of 0.76%. The ex-dividend date is Friday, February 14th. Cintas's dividend payout ratio is currently 37.61%.

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.