5,280 Shares in Cintas Co. (NASDAQ:CTAS) Purchased by Clare Market Investments LLC

Clare Market Investments LLC bought a new stake in Cintas Co. (NASDAQ:CTAS - Free Report) during the fourth quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The fund bought 5,280 shares of the business services provider's stock, valued at approximately $965,000.

A number of other institutional investors and hedge funds also recently added to or reduced their stakes in CTAS. Impax Asset Management Group plc raised its position in Cintas by 211.1% in the third quarter. Impax Asset Management Group plc now owns 2,429,272 shares of the business services provider's stock valued at $499,236,000 after purchasing an additional 1,648,350 shares during the period. Portside Wealth Group LLC raised its position in Cintas by 361.9% in the third quarter. Portside Wealth Group LLC now owns 1,395 shares of the business services provider's stock valued at $287,000 after purchasing an additional 1,093 shares during the period. Summit Global Investments grew its stake in shares of Cintas by 117.4% in the third quarter. Summit Global Investments now owns 1,085 shares of the business services provider's stock worth $224,000 after acquiring an additional 586 shares in the last quarter. Capital Performance Advisors LLP acquired a new position in shares of Cintas in the third quarter worth $76,000. Finally, Hollencrest Capital Management grew its stake in shares of Cintas by 433.3% in the third quarter. Hollencrest Capital Management now owns 128 shares of the business services provider's stock worth $26,000 after acquiring an additional 104 shares in the last quarter. Hedge funds and other institutional investors own 63.46% of the company's stock.

Cintas Stock Performance

NASDAQ CTAS traded down $4.35 during trading hours on Wednesday, hitting $192.21. The company had a trading volume of 2,338,456 shares, compared to its average volume of 1,527,720. The company has a debt-to-equity ratio of 0.47, a quick ratio of 1.38 and a current ratio of 1.58. Cintas Co. has a 1-year low of $154.83 and a 1-year high of $228.12. The company has a market cap of $77.57 billion, a PE ratio of 46.34, a price-to-earnings-growth ratio of 3.98 and a beta of 1.41. The business has a 50 day moving average of $199.71 and a 200-day moving average of $209.24.

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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 the consensus estimate 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 quarter in the prior year, the firm posted $3.61 earnings per share. Cintas's revenue for the quarter was up 7.8% on a year-over-year basis. As a group, equities research analysts expect 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. Stockholders of record on Friday, February 14th will be issued a $0.39 dividend. The ex-dividend date is Friday, February 14th. This represents a $1.56 dividend on an annualized basis and a dividend yield of 0.81%. Cintas's payout ratio is 37.59%.

Wall Street Analysts Forecast Growth

Several research firms have commented on CTAS. Truist Financial dropped 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. Royal Bank of Canada restated a "sector perform" rating and issued a $215.00 price target on shares of Cintas in a research note on Friday, December 20th. Robert W. Baird dropped their price target on shares of Cintas from $209.00 to $200.00 and set a "neutral" rating for the company in a research note on Friday, December 20th. Citigroup began coverage on shares of Cintas in a research note on Monday, February 24th. They set a "sell" rating and a $161.00 target price for the company. Finally, Wells Fargo & Company lowered their target price on shares of Cintas from $191.00 to $184.00 and set an "underweight" rating for the company in a research note on Friday, December 20th. Two research analysts have rated the stock with a sell rating, nine have given a hold rating and six have assigned a buy rating to the stock. According to MarketBeat.com, Cintas currently has an average rating of "Hold" and a consensus price target of $199.79.

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.