NewSquare Capital LLC bought a new position in shares of Cintas Co. (NASDAQ:CTAS - Free Report) in the 4th quarter, according to its most recent disclosure with the Securities and Exchange Commission. The firm bought 24,222 shares of the business services provider's stock, valued at approximately $4,425,000.
Several other large investors have also bought and sold shares of CTAS. Hollencrest Capital Management raised its position in Cintas by 433.3% during the 3rd quarter. Hollencrest Capital Management now owns 128 shares of the business services provider's stock worth $26,000 after purchasing an additional 104 shares during the last quarter. Sound Income Strategies LLC bought a new position in Cintas during the 4th quarter worth $27,000. Addison Advisors LLC raised its position in Cintas by 495.7% during the 3rd quarter. Addison Advisors LLC now owns 137 shares of the business services provider's stock worth $28,000 after purchasing an additional 114 shares during the last quarter. Endeavor Private Wealth Inc. bought a new position in Cintas during the 4th quarter worth $31,000. Finally, Quintet Private Bank Europe S.A. raised its position in Cintas by 357.1% during the 3rd quarter. Quintet Private Bank Europe S.A. now owns 160 shares of the business services provider's stock worth $33,000 after purchasing an additional 125 shares during the last quarter. 63.46% of the stock is owned by institutional investors.
Wall Street Analysts Forecast Growth
Several research analysts have recently weighed in on the company. Citigroup assumed coverage on Cintas in a research report on Monday, February 24th. They issued a "sell" rating and a $161.00 price objective for the company. Royal Bank of Canada reissued a "sector perform" rating and issued a $215.00 price objective on shares of Cintas in a research report on Friday, December 20th. UBS Group lowered their price objective on Cintas from $240.00 to $218.00 and set a "buy" rating for the company in a research report on Friday, December 20th. Wells Fargo & Company lowered their price objective on Cintas from $191.00 to $184.00 and set an "underweight" rating for the company in a research report on Friday, December 20th. Finally, Morgan Stanley lifted their price objective on Cintas from $185.00 to $202.00 and gave the stock an "equal weight" rating in a research report on Thursday, December 12th. Two analysts have rated the stock with a sell rating, nine have given a hold rating and six have issued a buy rating to the stock. According to data from MarketBeat.com, the stock presently has an average rating of "Hold" and an average price target of $199.79.
Check Out Our Latest Stock Analysis on Cintas
Cintas Stock Up 1.2 %
CTAS stock traded up $2.46 during mid-day trading on Friday, reaching $203.06. 1,804,813 shares of the company traded hands, compared to its average volume of 1,724,405. The stock has a market cap of $81.94 billion, a price-to-earnings ratio of 48.96, a P/E/G ratio of 3.98 and a beta of 1.41. The company has a quick ratio of 1.38, a current ratio of 1.58 and a debt-to-equity ratio of 0.47. Cintas Co. has a fifty-two week low of $154.15 and a fifty-two week high of $228.12. The firm's 50 day moving average price is $198.90 and its 200 day moving average price is $209.12.
Cintas (NASDAQ:CTAS - Get Free Report) last released its quarterly earnings results 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. Cintas had a return on equity of 40.62% and a net margin of 17.23%. The business had revenue of $2.56 billion during the quarter, compared to the consensus estimate of $2.56 billion. During the same quarter in the previous year, the business earned $3.61 EPS. The company's quarterly revenue was up 7.8% on a year-over-year basis. As a group, equities research analysts predict that Cintas Co. will post 4.31 EPS for the current fiscal year.
Cintas Announces Dividend
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 paid 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 0.77%. Cintas's payout ratio is presently 37.59%.
Cintas 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.
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