Miracle Mile Advisors LLC Acquires Shares of 1,748 Cintas Co. (NASDAQ:CTAS)

Miracle Mile Advisors LLC purchased a new stake in Cintas Co. (NASDAQ:CTAS - Free Report) during the fourth quarter, according to its most recent 13F filing with the SEC. The firm purchased 1,748 shares of the business services provider's stock, valued at approximately $319,000.

A number of other large investors have also made changes to their positions in CTAS. Moors & Cabot Inc. lifted its holdings in shares of Cintas by 6.9% in the 2nd quarter. Moors & Cabot Inc. now owns 757 shares of the business services provider's stock valued at $530,000 after buying an additional 49 shares during the period. Edgestream Partners L.P. lifted its stake in Cintas by 74.1% in the 2nd quarter. Edgestream Partners L.P. now owns 2,463 shares of the business services provider's stock worth $1,725,000 after purchasing an additional 1,048 shares in the last quarter. Axxcess Wealth Management LLC boosted its stake in Cintas by 0.5% during the second quarter. Axxcess Wealth Management LLC now owns 2,905 shares of the business services provider's stock worth $2,034,000 after buying an additional 14 shares during the last quarter. E Fund Management Co. Ltd. grew its stake in shares of Cintas by 1.9% in the 2nd quarter. E Fund Management Co. Ltd. now owns 997 shares of the business services provider's stock valued at $698,000 after buying an additional 19 shares during the period. Finally, Argent Trust Co raised its position in Cintas by 45.8% in the second quarter. Argent Trust Co now owns 2,543 shares of the business services provider's stock valued at $1,781,000 after purchasing an additional 799 shares during the period. 63.46% of the stock is owned by institutional investors and hedge funds.

Cintas Stock Performance

Shares of Cintas stock traded up $0.26 during trading hours on Friday, hitting $198.31. 1,667,853 shares of the company were exchanged, compared to its average volume of 2,120,706. The stock has a market capitalization of $80.03 billion, a price-to-earnings ratio of 47.81, a P/E/G ratio of 3.65 and a beta of 1.37. The company has a current ratio of 1.58, a quick ratio of 1.38 and a debt-to-equity ratio of 0.47. Cintas Co. has a 1 year low of $146.63 and a 1 year high of $228.12. The business has a 50-day moving average of $205.75 and a 200-day moving average of $204.76.

Cintas (NASDAQ:CTAS - Get Free Report) last issued its quarterly earnings data on Thursday, December 19th. The business services provider reported $1.09 earnings per share (EPS) for the quarter, topping the consensus estimate of $1.01 by $0.08. The firm had revenue of $2.56 billion during the quarter, compared to the consensus estimate of $2.56 billion. Cintas had a return on equity of 40.62% and a net margin of 17.23%. The company's quarterly revenue was up 7.8% compared to the same quarter last year. During the same period in the previous year, the firm posted $3.61 EPS. As a group, analysts expect that Cintas Co. will post 4.31 EPS for the current fiscal year.

Cintas Dividend Announcement

The business also recently disclosed a quarterly dividend, which will be paid on Friday, March 14th. Shareholders of record on Friday, February 14th will be given a $0.39 dividend. This represents a $1.56 annualized dividend and a yield of 0.79%. The ex-dividend date of this dividend is Friday, February 14th. Cintas's dividend payout ratio (DPR) is presently 37.61%.

Wall Street Analyst Weigh In

Several equities analysts have weighed in on CTAS shares. Morgan Stanley lifted their target price on Cintas from $185.00 to $202.00 and gave the company an "equal weight" rating in a research report on Thursday, December 12th. Jefferies Financial Group cut their price target on Cintas from $730.00 to $200.00 and set a "hold" rating on the stock in a report on Thursday, September 26th. Barclays boosted their price objective on Cintas from $210.00 to $245.00 and gave the stock an "overweight" rating in a research report on Friday, September 27th. UBS Group decreased 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. Finally, The Goldman Sachs Group decreased their price target on Cintas from $236.00 to $211.00 and set a "buy" rating for the company in a report on Friday, December 20th. Two investment 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, the stock has a consensus rating of "Hold" and an average 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.