9,220 Shares in Cintas Co. (NASDAQ:CTAS) Bought by Howland Capital Management LLC

Howland Capital Management LLC purchased a new position in shares of Cintas Co. (NASDAQ:CTAS - Free Report) in the 4th quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The institutional investor purchased 9,220 shares of the business services provider's stock, valued at approximately $1,684,000.

Other large investors have also made changes to their positions in the company. Thompson Investment Management Inc. acquired a new stake in shares of Cintas in the fourth quarter worth $512,000. Empowered Funds LLC raised its position in Cintas by 29.5% in the fourth quarter. Empowered Funds LLC now owns 24,634 shares of the business services provider's stock valued at $4,501,000 after purchasing an additional 5,606 shares during the period. Wilmington Savings Fund Society FSB lifted its stake in shares of Cintas by 56.4% during the fourth quarter. Wilmington Savings Fund Society FSB now owns 10,814 shares of the business services provider's stock worth $1,976,000 after purchasing an additional 3,898 shares in the last quarter. Apollon Wealth Management LLC lifted its stake in shares of Cintas by 0.8% during the fourth quarter. Apollon Wealth Management LLC now owns 34,828 shares of the business services provider's stock worth $6,363,000 after purchasing an additional 283 shares in the last quarter. Finally, Vest Financial LLC boosted its position in shares of Cintas by 5.0% in the fourth quarter. Vest Financial LLC now owns 271,357 shares of the business services provider's stock worth $49,577,000 after buying an additional 12,880 shares during the period. 63.46% of the stock is owned by hedge funds and other institutional investors.

Wall Street Analysts Forecast Growth

Several research firms recently commented on CTAS. Truist Financial reduced their price target on Cintas from $225.00 to $215.00 and set a "buy" rating on the stock in a research report on Friday, December 20th. The Goldman Sachs Group lowered their price objective on Cintas from $236.00 to $211.00 and set a "buy" rating for the company in a research note on Friday, December 20th. UBS Group dropped their price target on shares of Cintas from $240.00 to $218.00 and set a "buy" rating for the company in a research note on Friday, December 20th. Royal Bank of Canada reiterated a "sector perform" rating and set a $215.00 price objective on shares of Cintas in a research note on Friday, December 20th. Finally, Morgan Stanley boosted their target price on shares of Cintas from $185.00 to $202.00 and gave the stock an "equal weight" rating in a research report on Thursday, December 12th. Two investment 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. Based on data from MarketBeat, Cintas currently has an average rating of "Hold" and a consensus target price of $198.46.

Cintas Price Performance

Shares of CTAS stock traded down $0.79 during midday trading on Wednesday, reaching $204.61. 1,308,937 shares of the company were exchanged, compared to its average volume of 1,747,587. The company's 50 day moving average price is $198.16 and its two-hundred day moving average price is $207.47. The company has a market cap of $82.57 billion, a P/E ratio of 49.33, a PEG ratio of 3.95 and a beta of 1.38. Cintas Co. has a 12 month low of $150.70 and a 12 month high of $228.12. 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 (NASDAQ:CTAS - Get Free Report) last issued its earnings results on Thursday, December 19th. The business services provider reported $1.09 earnings per share for the quarter, topping analysts' consensus estimates of $1.01 by $0.08. The firm had revenue of $2.56 billion during the quarter, compared to analysts' expectations of $2.56 billion. Cintas had a net margin of 17.23% and a return on equity of 40.62%. The firm's revenue for the quarter was up 7.8% compared to the same quarter last year. During the same period last year, the firm posted $3.61 earnings per share. On average, sell-side analysts expect that Cintas Co. will post 4.31 earnings per share 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 of this dividend is Friday, February 14th. This represents a $1.56 dividend on an annualized basis and a dividend yield of 0.76%. Cintas's payout ratio is currently 37.61%.

Cintas Company 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.