Cintas Co. (NASDAQ:CTAS) Shares Acquired by Orion Portfolio Solutions LLC

Orion Portfolio Solutions LLC grew its position in shares of Cintas Co. (NASDAQ:CTAS - Free Report) by 7.7% during the fourth quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor owned 20,907 shares of the business services provider's stock after purchasing an additional 1,501 shares during the period. Orion Portfolio Solutions LLC's holdings in Cintas were worth $3,820,000 as of its most recent SEC filing.

A number of other institutional investors have also modified their holdings of the company. Guardian Wealth Advisors LLC grew its position in Cintas by 3.1% in the 4th quarter. Guardian Wealth Advisors LLC now owns 1,741 shares of the business services provider's stock valued at $318,000 after acquiring an additional 52 shares in the last quarter. MGB Wealth Management LLC increased its stake in Cintas by 0.7% during the 4th quarter. MGB Wealth Management LLC now owns 7,248 shares of the business services provider's stock worth $1,328,000 after buying an additional 52 shares during the period. TIAA Trust National Association lifted its holdings in Cintas by 1.0% during the 4th quarter. TIAA Trust National Association now owns 5,380 shares of the business services provider's stock worth $983,000 after buying an additional 52 shares in the last quarter. Aaron Wealth Advisors LLC increased its position in shares of Cintas by 2.0% during the fourth quarter. Aaron Wealth Advisors LLC now owns 2,803 shares of the business services provider's stock worth $512,000 after acquiring an additional 55 shares during the period. Finally, S.A. Mason LLC boosted its holdings in Cintas by 3.3% in the fourth quarter. S.A. Mason LLC now owns 1,703 shares of the business services provider's stock valued at $311,000 after purchasing an additional 55 shares during the period. 63.46% of the stock is owned by institutional investors and hedge funds.

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Cintas Stock Performance

Shares of NASDAQ CTAS traded down $14.52 during trading hours on Friday, reaching $190.33. The stock had a trading volume of 3,969,161 shares, compared to its average volume of 1,644,646. The firm has a 50-day moving average of $201.48 and a 200-day moving average of $204.54. The firm has a market cap of $76.81 billion, a price-to-earnings ratio of 45.89, a PEG ratio of 3.98 and a beta of 1.41. 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 fifty-two week low of $162.16 and a fifty-two week high of $228.12.

Cintas (NASDAQ:CTAS - Get Free Report) last announced its earnings results on Wednesday, March 26th. The business services provider reported $1.13 earnings per share (EPS) for the quarter, topping analysts' consensus estimates of $1.05 by $0.08. Cintas had a net margin of 17.23% and a return on equity of 40.62%. The business had revenue of $2.61 billion for the quarter, compared to analyst estimates of $2.60 billion. During the same period last year, the firm posted $3.84 earnings per share. The company's revenue for the quarter was up 8.4% compared to the same quarter last year. Equities research analysts predict 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 was paid on Friday, March 14th. Stockholders of record on Friday, February 14th were issued 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 dividend yield of 0.82%. Cintas's payout ratio is 36.11%.

Wall Street Analyst Weigh In

Several equities analysts have recently issued reports on the company. UBS Group lifted their price objective on Cintas from $218.00 to $240.00 and gave the company a "buy" rating in a research note on Thursday, March 27th. Truist Financial raised their price objective on shares of Cintas from $215.00 to $230.00 and gave the company a "buy" rating in a report on Thursday, March 27th. Citigroup assumed coverage on shares of Cintas in a research note on Monday, February 24th. They set a "sell" rating and a $161.00 target price for the company. The Goldman Sachs Group raised their price target on Cintas from $211.00 to $233.00 and gave the company a "buy" rating in a research note on Thursday, March 27th. Finally, Morgan Stanley upped their price objective on Cintas from $195.00 to $213.00 and gave the stock an "equal weight" rating in a research report on Thursday, March 27th. Two research analysts have rated the stock with a sell rating, seven have issued a hold rating and five have issued a buy rating to the company's stock. According to MarketBeat, the company presently has an average rating of "Hold" and an average price target of $210.58.

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.