LVM Capital Management Ltd. MI Increases Position in Cintas Co. (NASDAQ:CTAS)

LVM Capital Management Ltd. MI boosted its stake in shares of Cintas Co. (NASDAQ:CTAS - Free Report) by 292.7% in the 4th quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 5,482 shares of the business services provider's stock after acquiring an additional 4,086 shares during the quarter. LVM Capital Management Ltd. MI's holdings in Cintas were worth $1,002,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Several other institutional investors and hedge funds have also bought and sold shares of CTAS. Ashton Thomas Private Wealth LLC bought a new stake in Cintas in the 2nd quarter worth $93,000. Choreo LLC purchased a new position in Cintas during the 2nd quarter valued at about $1,050,000. Royal London Asset Management Ltd. raised its position in Cintas by 3.8% during the 2nd quarter. Royal London Asset Management Ltd. now owns 34,352 shares of the business services provider's stock valued at $24,055,000 after purchasing an additional 1,248 shares during the last quarter. MGO One Seven LLC grew its position in shares of Cintas by 28.3% in the 2nd quarter. MGO One Seven LLC now owns 1,302 shares of the business services provider's stock worth $912,000 after buying an additional 287 shares during the last quarter. Finally, LPL Financial LLC lifted its stake in Cintas by 5.4% in the second quarter. LPL Financial LLC now owns 63,888 shares of the business services provider's stock worth $44,738,000 after acquiring an additional 3,259 shares during the period. 63.46% of the stock is currently owned by institutional investors.

Cintas Trading Down 1.7 %

Cintas stock traded down $3.35 during trading hours on Friday, hitting $189.30. The company had a trading volume of 2,331,003 shares, compared to its average volume of 2,600,864. The company has a debt-to-equity ratio of 0.50, a quick ratio of 1.33 and a current ratio of 1.53. The company has a 50-day moving average price of $207.28 and a two-hundred day moving average price of $204.29. The firm has a market cap of $76.34 billion, a P/E ratio of 47.80, a P/E/G ratio of 4.15 and a beta of 1.37. Cintas Co. has a 1 year low of $145.91 and a 1 year high of $228.12.

Cintas (NASDAQ:CTAS - Get Free Report) last released its quarterly earnings data on Thursday, December 19th. The business services provider reported $1.09 earnings per share (EPS) for the quarter, beating analysts' consensus estimates of $1.01 by $0.08. The firm had revenue of $2.56 billion for the quarter, compared to the consensus estimate of $2.56 billion. Cintas had a net margin of 16.80% and a return on equity of 39.56%. The company's quarterly revenue was up 7.8% on a year-over-year basis. During the same period last year, the firm earned $3.61 earnings per share. On average, sell-side analysts anticipate that Cintas Co. will post 4.23 earnings per share for the current year.

Cintas Dividend Announcement

The company also recently declared a quarterly dividend, which was paid on Friday, December 13th. Stockholders of record on Friday, November 15th were issued a $0.39 dividend. This represents a $1.56 dividend on an annualized basis and a dividend yield of 0.82%. The ex-dividend date of this dividend was Friday, November 15th. Cintas's dividend payout ratio is currently 37.59%.

Wall Street Analysts Forecast Growth

CTAS has been the subject of several research analyst reports. Wells Fargo & Company lowered their price objective on shares of Cintas from $191.00 to $184.00 and set an "underweight" rating for the company in a report on Friday, December 20th. UBS Group lowered their price target on Cintas from $240.00 to $218.00 and set a "buy" rating on the stock in a report on Friday, December 20th. Truist Financial lowered their price target on Cintas from $225.00 to $215.00 and set a "buy" rating on the stock in a report on Friday, December 20th. Robert W. Baird decreased their price target 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. Finally, Morgan Stanley boosted their price objective on Cintas from $185.00 to $202.00 and gave the company an "equal weight" rating in a research note on Thursday, December 12th. Two equities research 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's stock. Based on data from MarketBeat.com, the company has a consensus rating of "Hold" and an average price target 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.