PUREfi Wealth LLC Makes New $482,000 Investment in Cintas Co. (NASDAQ:CTAS)

PUREfi Wealth LLC bought a new position in shares of Cintas Co. (NASDAQ:CTAS - Free Report) during the fourth quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The institutional investor bought 2,640 shares of the business services provider's stock, valued at approximately $482,000.

Several other hedge funds also recently made changes to their positions in CTAS. CX Institutional grew its position in Cintas by 308.1% in the third quarter. CX Institutional now owns 1,975 shares of the business services provider's stock valued at $407,000 after acquiring an additional 1,491 shares during the last quarter. Creative Planning lifted its holdings in shares of Cintas by 356.6% in the third quarter. Creative Planning now owns 88,354 shares of the business services provider's stock worth $18,190,000 after acquiring an additional 69,003 shares during the last quarter. IQ EQ FUND MANAGEMENT IRELAND Ltd acquired a new stake in shares of Cintas in the 3rd quarter valued at approximately $231,000. Good Life Advisors LLC bought a new stake in shares of Cintas during the 3rd quarter valued at approximately $1,255,000. Finally, Global Retirement Partners LLC increased its position in Cintas by 321.9% during the 3rd quarter. Global Retirement Partners LLC now owns 21,889 shares of the business services provider's stock worth $4,507,000 after purchasing an additional 16,701 shares in the last quarter. 63.46% of the stock is owned by institutional investors.

Analyst Ratings Changes

Several analysts have recently weighed in on CTAS shares. Royal Bank of Canada restated a "sector perform" rating and set a $215.00 price target on shares of Cintas in a report on Friday, December 20th. Wells Fargo & Company cut their target price on Cintas from $191.00 to $184.00 and set an "underweight" rating on the stock in a research report on Friday, December 20th. Morgan Stanley raised their price objective on shares of Cintas from $185.00 to $202.00 and gave the stock an "equal weight" rating in a research report on Thursday, December 12th. The Goldman Sachs Group dropped their target price on shares of Cintas from $236.00 to $211.00 and set a "buy" rating on the stock in a research report on Friday, December 20th. Finally, Truist Financial dropped their price objective on shares of Cintas from $225.00 to $215.00 and set a "buy" rating on the stock in a report on Friday, December 20th. Two analysts have rated the stock with a sell rating, nine have assigned a hold rating and six have given a buy rating to the company's stock. According to data from MarketBeat.com, the stock has a consensus rating of "Hold" and an average price target of $198.46.

Cintas Stock Up 2.2 %

Shares of CTAS traded up $4.40 during mid-day trading on Wednesday, reaching $208.14. The company had a trading volume of 2,326,136 shares, compared to its average volume of 1,718,194. The company has a debt-to-equity ratio of 0.47, a quick ratio of 1.38 and a current ratio of 1.58. The company has a market capitalization of $83.99 billion, a price-to-earnings ratio of 50.18, a price-to-earnings-growth ratio of 3.94 and a beta of 1.38. The firm has a 50-day moving average price of $196.84 and a 200 day moving average price of $207.96. Cintas Co. has a 52 week low of $152.77 and a 52 week high of $228.12.

Cintas (NASDAQ:CTAS - Get Free Report) last issued 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 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 analyst estimates of $2.56 billion. During the same quarter in the previous year, the firm earned $3.61 EPS. Cintas's revenue was up 7.8% on a year-over-year basis. On average, sell-side analysts forecast that Cintas Co. will post 4.31 EPS for the current 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 0.75%. The ex-dividend date of this dividend is Friday, February 14th. Cintas's dividend payout ratio (DPR) is currently 37.61%.

Cintas 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.