Portfolio Design Labs LLC Purchases New Position in Cintas Co. (NASDAQ:CTAS)

Portfolio Design Labs LLC bought a new stake in shares of Cintas Co. (NASDAQ:CTAS - Free Report) in the fourth quarter, according to its most recent filing with the Securities and Exchange Commission. The fund bought 1,893 shares of the business services provider's stock, valued at approximately $346,000.

Several other large investors also recently modified their holdings of the company. Guardian Wealth Advisors LLC grew its position in shares of Cintas by 3.1% during 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 during the period. Aaron Wealth Advisors LLC lifted its position in Cintas by 2.0% during the fourth quarter. Aaron Wealth Advisors LLC now owns 2,803 shares of the business services provider's stock valued at $512,000 after purchasing an additional 55 shares in the last quarter. S.A. Mason LLC raised its stake in shares of Cintas by 3.3% in the fourth quarter. S.A. Mason LLC now owns 1,703 shares of the business services provider's stock worth $311,000 after buying an additional 55 shares during the period. Simon Quick Advisors LLC raised its stake in shares of Cintas by 5.5% in the fourth quarter. Simon Quick Advisors LLC now owns 1,213 shares of the business services provider's stock worth $222,000 after buying an additional 63 shares during the period. Finally, Catalina Capital Group LLC raised its stake in shares of Cintas by 5.7% in the fourth quarter. Catalina Capital Group LLC now owns 1,212 shares of the business services provider's stock worth $221,000 after buying an additional 65 shares during the period. Institutional investors own 63.46% of the company's stock.

Analyst Upgrades and Downgrades

Several equities research analysts recently issued reports on CTAS shares. Morgan Stanley increased their target price on shares of Cintas from $185.00 to $202.00 and gave the stock an "equal weight" rating in a report on Thursday, December 12th. Robert W. Baird lowered their target price on shares of Cintas from $209.00 to $200.00 and set a "neutral" rating on the stock in a research note on Friday, December 20th. Wells Fargo & Company lowered their target price on shares of Cintas from $191.00 to $184.00 and set an "underweight" rating on the stock in a research note on Friday, December 20th. Truist Financial decreased their price target on Cintas from $225.00 to $215.00 and set a "buy" rating on the stock in a report on Friday, December 20th. Finally, UBS Group cut their target price on Cintas from $240.00 to $218.00 and set a "buy" rating for the company in a research report on Friday, December 20th. Two investment analysts have rated the stock with a sell rating, nine have issued a hold rating and six have issued a buy rating to the company's stock. According to MarketBeat.com, the stock presently has an average rating of "Hold" and a consensus price target of $198.46.

Cintas Price Performance

CTAS traded down $1.77 during trading hours on Friday, hitting $204.22. The company's stock had a trading volume of 1,062,557 shares, compared to its average volume of 1,480,585. The business's 50-day moving average price is $197.04 and its 200-day moving average price is $207.64. Cintas Co. has a 12 month low of $152.77 and a 12 month high of $228.12. The stock has a market cap of $82.41 billion, a price-to-earnings ratio of 49.24, a P/E/G ratio of 3.95 and a beta of 1.38. 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 (NASDAQ:CTAS - Get Free Report) last posted 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. Cintas had a net margin of 17.23% and a return on equity of 40.62%. The firm had revenue of $2.56 billion for the quarter, compared to the consensus estimate of $2.56 billion. During the same period in the previous year, the firm posted $3.61 EPS. The business's quarterly revenue was up 7.8% on a year-over-year basis. Sell-side analysts expect that Cintas Co. will post 4.31 earnings per share for the current fiscal year.

Cintas Announces Dividend

The business also recently disclosed 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. This represents a $1.56 annualized dividend and a dividend yield of 0.76%. The ex-dividend date is Friday, February 14th. Cintas's payout ratio is 37.61%.

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.