O Shaughnessy Asset Management LLC lifted its position in shares of Cintas Co. (NASDAQ:CTAS - Free Report) by 3.1% in the 4th quarter, according to its most recent filing with the Securities & Exchange Commission. The fund owned 127,195 shares of the business services provider's stock after buying an additional 3,806 shares during the quarter. O Shaughnessy Asset Management LLC's holdings in Cintas were worth $23,239,000 at the end of the most recent quarter.
A number of other large investors have also recently added to or reduced their stakes in CTAS. Sound Income Strategies LLC purchased a new position in shares of Cintas during the fourth quarter valued at approximately $27,000. Cyrus J. Lawrence LLC purchased a new position in shares of Cintas during the 4th quarter worth $29,000. Endeavor Private Wealth Inc. acquired a new stake in shares of Cintas during the fourth quarter worth $31,000. IAG Wealth Partners LLC grew its position in shares of Cintas by 136.8% in the fourth quarter. IAG Wealth Partners LLC now owns 180 shares of the business services provider's stock valued at $33,000 after purchasing an additional 104 shares during the period. Finally, Newbridge Financial Services Group Inc. acquired a new position in Cintas in the fourth quarter valued at $34,000. 63.46% of the stock is owned by institutional investors and hedge funds.
Cintas Stock Performance
Shares of NASDAQ:CTAS traded down $3.62 during trading on Thursday, reaching $205.05. 1,281,955 shares of the company's stock traded hands, compared to its average volume of 1,631,582. The company has a debt-to-equity ratio of 0.47, a current ratio of 1.58 and a quick ratio of 1.38. The company has a 50 day moving average of $201.48 and a 200-day moving average of $204.64. Cintas Co. has a 12 month low of $162.16 and a 12 month high of $228.12. The stock has a market capitalization of $82.75 billion, a P/E ratio of 49.59, a price-to-earnings-growth ratio of 3.98 and a beta of 1.41.
Cintas (NASDAQ:CTAS - Get Free Report) last announced its quarterly earnings results on Wednesday, March 26th. The business services provider reported $1.13 earnings per share (EPS) for the quarter, topping the consensus estimate of $1.05 by $0.08. Cintas had a return on equity of 40.62% and a net margin of 17.23%. The business had revenue of $2.61 billion for the quarter, compared to the consensus estimate of $2.60 billion. During the same quarter last year, the business posted $3.84 EPS. The business's revenue was up 8.4% on a year-over-year basis. On average, equities analysts expect that Cintas Co. will post 4.31 EPS for the current year.
Cintas Announces Dividend
The company also recently declared a quarterly dividend, which was paid on Friday, March 14th. Shareholders of record on Friday, February 14th were paid a $0.39 dividend. The ex-dividend date was Friday, February 14th. This represents a $1.56 annualized dividend and a dividend yield of 0.76%. Cintas's payout ratio is currently 36.11%.
Analysts Set New Price Targets
CTAS has been the subject of a number of research analyst reports. Royal Bank of Canada reaffirmed a "sector perform" rating and set a $215.00 price objective on shares of Cintas in a research note on Thursday, March 27th. Citigroup began coverage on Cintas in a report on Monday, February 24th. They set a "sell" rating and a $161.00 price objective for the company. Wells Fargo & Company increased their target price on Cintas from $184.00 to $196.00 and gave the stock an "underweight" rating in a research report on Thursday, March 27th. UBS Group raised their target price on shares of Cintas from $218.00 to $240.00 and gave the company a "buy" rating in a research note on Thursday, March 27th. Finally, Robert W. Baird upped their price target on shares of Cintas from $200.00 to $227.00 and gave the stock a "neutral" rating in a research report on Thursday, March 27th. Two equities research analysts have rated the stock with a sell rating, seven have issued a hold rating and five have given a buy rating to the stock. Based on data from MarketBeat.com, the stock presently has a consensus rating of "Hold" and a consensus target price of $210.58.
View Our Latest Stock Report on CTAS
About Cintas
(
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.
Further Reading
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
Market volatility creates opportunity. Our analysts have pinpointed 10 stocks perfectly positioned for exceptional growth this spring, even amid economic uncertainty. Don't miss your chance to access this timely research and invest with confidence.
Get This Free Report
Like this article? Share it with a colleague.
Link copied to clipboard.
