Congress Wealth Management LLC DE raised its position in Cintas Co. (NASDAQ:CTAS - Free Report) by 1.2% during the 4th quarter, according to its most recent disclosure with the SEC. The fund owned 205,137 shares of the business services provider's stock after purchasing an additional 2,418 shares during the period. Congress Wealth Management LLC DE owned about 0.05% of Cintas worth $37,479,000 at the end of the most recent reporting period.
Other hedge funds have also made changes to their positions in the company. Stevens Capital Management LP lifted its position in shares of Cintas by 44.4% in the fourth quarter. Stevens Capital Management LP now owns 7,201 shares of the business services provider's stock valued at $1,316,000 after acquiring an additional 2,213 shares in the last quarter. LPL Financial LLC boosted its stake in shares of Cintas by 18.1% during the 4th quarter. LPL Financial LLC now owns 319,259 shares of the business services provider's stock worth $58,329,000 after purchasing an additional 48,907 shares during the last quarter. KLP Kapitalforvaltning AS acquired a new position in shares of Cintas in the fourth quarter valued at approximately $37,746,000. Intellus Advisors LLC purchased a new stake in Cintas in the 4th quarter worth approximately $822,000. Finally, Mizuho Securities USA LLC lifted its position in Cintas by 46.2% during the fourth quarter. Mizuho Securities USA LLC now owns 32,490 shares of the business services provider's stock worth $5,936,000 after buying an additional 10,273 shares during the period. Hedge funds and other institutional investors own 63.46% of the company's stock.
Analysts Set New Price Targets
Several equities research analysts recently issued reports on the stock. The Goldman Sachs Group decreased their target price on shares of Cintas from $236.00 to $211.00 and set a "buy" rating on the stock in a research report on Friday, December 20th. Wells Fargo & Company cut their target price on Cintas from $191.00 to $184.00 and set an "underweight" rating on the stock in a research report on Friday, December 20th. UBS Group dropped their price target on Cintas from $240.00 to $218.00 and set a "buy" rating for the company in a research note on Friday, December 20th. Citigroup started coverage on Cintas in a research note on Monday, February 24th. They issued a "sell" rating and a $161.00 price objective on the stock. Finally, Royal Bank of Canada reissued a "sector perform" rating and set a $215.00 target price on shares of Cintas in a research report on Friday, December 20th. Two equities research 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's stock. Based on data from MarketBeat.com, Cintas has a consensus rating of "Hold" and an average target price of $199.79.
Get Our Latest Stock Report on CTAS
Cintas Stock Down 0.6 %
Shares of NASDAQ:CTAS traded down $1.11 during trading on Tuesday, hitting $193.46. The company's stock had a trading volume of 2,090,779 shares, compared to its average volume of 1,531,683. Cintas Co. has a fifty-two week low of $158.10 and a fifty-two week high of $228.12. The stock's 50-day moving average price is $200.57 and its two-hundred day moving average price is $208.92. The company has a debt-to-equity ratio of 0.47, a quick ratio of 1.38 and a current ratio of 1.58. The company has a market capitalization of $78.07 billion, a PE ratio of 46.64, a PEG ratio of 3.98 and a beta of 1.41.
Cintas Dividend Announcement
The company also recently declared a quarterly dividend, which was paid on Friday, March 14th. Investors of record on Friday, February 14th were paid a $0.39 dividend. The ex-dividend date of this dividend was Friday, February 14th. This represents a $1.56 dividend on an annualized basis and a yield of 0.81%. Cintas's dividend payout ratio (DPR) is 37.59%.
Cintas Company Profile
(
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.
See Also
Before you consider Cintas, you'll want to hear this.
MarketBeat keeps track of Wall Street's top-rated and best performing research analysts and the stocks they recommend to their clients on a daily basis. MarketBeat has identified the five stocks that top analysts are quietly whispering to their clients to buy now before the broader market catches on... and Cintas wasn't on the list.
While Cintas currently has a Hold rating among analysts, top-rated analysts believe these five stocks are better buys.
View The Five Stocks Here
With the proliferation of data centers and electric vehicles, the electric grid will only get more strained. Download this report to learn how energy stocks can play a role in your portfolio as the global demand for energy continues to grow.
Get This Free Report
Like this article? Share it with a colleague.
Link copied to clipboard.
