Argent Capital Management LLC Has $6.12 Million Holdings in Cintas Co. (NASDAQ:CTAS)

Argent Capital Management LLC raised its stake in shares of Cintas Co. (NASDAQ:CTAS - Free Report) by 9.9% during the 4th quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The fund owned 33,477 shares of the business services provider's stock after purchasing an additional 3,004 shares during the period. Argent Capital Management LLC's holdings in Cintas were worth $6,116,000 as of its most recent SEC filing.

Several other large investors have also modified their holdings of the company. Quarry LP increased its position in Cintas by 500.0% in the 2nd quarter. Quarry LP now owns 108 shares of the business services provider's stock worth $76,000 after buying an additional 90 shares during the period. Financial Management Professionals Inc. increased its position in Cintas by 341.4% during the third quarter. Financial Management Professionals Inc. now owns 128 shares of the business services provider's stock worth $26,000 after acquiring an additional 99 shares during the period. Hollencrest Capital Management raised its stake in Cintas by 433.3% during the 3rd quarter. Hollencrest Capital Management now owns 128 shares of the business services provider's stock valued at $26,000 after purchasing an additional 104 shares during the last quarter. Addison Advisors LLC boosted its holdings 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 purchasing an additional 114 shares during the period. Finally, Grove Bank & Trust boosted its holdings 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 purchasing an additional 134 shares during the period. 63.46% of the stock is owned by institutional investors.

Cintas Price Performance

NASDAQ CTAS traded up $2.35 on Thursday, hitting $198.05. 1,391,419 shares of the company were exchanged, compared to its average volume of 2,163,652. Cintas Co. has a 1-year low of $146.29 and a 1-year high of $228.12. The firm has a 50 day moving average of $206.18 and a two-hundred day moving average of $204.81. 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 market cap of $79.92 billion, a P/E 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 announced its 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. The company had revenue of $2.56 billion for 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%. Cintas's quarterly revenue was up 7.8% on a year-over-year basis. During the same period in the prior year, the business earned $3.61 earnings per share. On average, equities analysts predict that Cintas Co. will post 4.31 EPS for the current year.

Cintas Dividend Announcement

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

Analyst Ratings Changes

CTAS has been the subject of a number of research analyst reports. Morgan Stanley upped their price objective on shares of Cintas from $185.00 to $202.00 and gave the company an "equal weight" rating in a research report on Thursday, December 12th. Robert W. Baird decreased their price objective on Cintas from $209.00 to $200.00 and set a "neutral" rating on the stock in a report on Friday, December 20th. Wells Fargo & Company lowered their target price 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. Truist Financial cut their price target on shares of Cintas from $225.00 to $215.00 and set a "buy" rating for the company in a research note on Friday, December 20th. Finally, Barclays upped their price objective on Cintas from $210.00 to $245.00 and gave the company an "overweight" rating in a research note on Friday, September 27th. Two analysts have rated the stock with a sell rating, nine have assigned a hold rating and six have assigned a buy rating to the company. According to data from MarketBeat, the stock presently has an average rating of "Hold" and a consensus 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.