Mizuho Securities USA LLC increased its position in shares of Cintas Co. (NASDAQ:CTAS - Free Report) by 46.2% during the 4th quarter, according to the company in its most recent 13F filing with the SEC. The firm owned 32,490 shares of the business services provider's stock after buying an additional 10,273 shares during the quarter. Mizuho Securities USA LLC's holdings in Cintas were worth $5,936,000 at the end of the most recent reporting period.
A number of other large investors have also recently added to or reduced their stakes in the business. Sound Income Strategies LLC purchased a new stake in Cintas in the fourth quarter valued at $27,000. Cyrus J. Lawrence LLC purchased a new stake in Cintas in the 4th quarter valued at about $29,000. Endeavor Private Wealth Inc. acquired a new position in Cintas in the fourth quarter valued at about $31,000. IAG Wealth Partners LLC boosted its stake in Cintas by 136.8% during the fourth quarter. IAG Wealth Partners LLC now owns 180 shares of the business services provider's stock worth $33,000 after buying an additional 104 shares during the period. Finally, Newbridge Financial Services Group Inc. acquired a new stake in shares of Cintas during the fourth quarter valued at about $34,000. 63.46% of the stock is currently owned by institutional investors and hedge funds.
Wall Street Analyst Weigh In
A number of research firms have commented on CTAS. Citigroup initiated coverage on Cintas in a research note on Monday, February 24th. They set a "sell" rating and a $161.00 price target on the stock. The Goldman Sachs Group dropped their target price 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 reduced 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. Robert W. Baird dropped their price objective on shares of Cintas from $209.00 to $200.00 and set a "neutral" rating for the company in a report on Friday, December 20th. Finally, Royal Bank of Canada reiterated a "sector perform" rating and set a $215.00 target price on shares of Cintas in a report on Friday, December 20th. Two analysts have rated the stock with a sell rating, nine have given a hold rating and six have issued a buy rating to the company's stock. According to MarketBeat.com, the company currently has a consensus rating of "Hold" and a consensus price target of $199.79.
Get Our Latest Research Report on CTAS
Cintas Stock Performance
Shares of CTAS stock traded down $1.15 during midday trading on Tuesday, hitting $193.42. The company had a trading volume of 1,597,163 shares, compared to its average volume of 1,530,549. The stock has a market cap of $78.05 billion, a price-to-earnings ratio of 46.64, a PEG ratio of 3.98 and a beta of 1.41. The company has a debt-to-equity ratio of 0.47, a current ratio of 1.58 and a quick ratio of 1.38. The company's 50 day simple moving average is $200.54 and its 200 day simple moving average is $208.93. Cintas Co. has a 52-week low of $158.10 and a 52-week high of $228.12.
Cintas Announces Dividend
The company also recently disclosed a quarterly dividend, which was paid on Friday, March 14th. Shareholders of record on Friday, February 14th were given a dividend of $0.39 per share. The ex-dividend date was Friday, February 14th. This represents a $1.56 dividend on an annualized basis and a yield of 0.81%. Cintas's payout ratio is currently 37.59%.
Cintas Profile
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Free Report)
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.
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