3,324 Shares in Cintas Co. (NASDAQ:CTAS) Bought by Retireful LLC

Retireful LLC purchased a new position in shares of Cintas Co. (NASDAQ:CTAS - Free Report) during the fourth quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor purchased 3,324 shares of the business services provider's stock, valued at approximately $607,000.

Several other hedge funds have also made changes to their positions in CTAS. Financial Management Professionals Inc. boosted its stake in Cintas by 341.4% in the 3rd quarter. Financial Management Professionals Inc. now owns 128 shares of the business services provider's stock worth $26,000 after buying an additional 99 shares during the last quarter. Hollencrest Capital Management lifted its holdings in shares of 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 acquiring an additional 104 shares during the period. Addison Advisors LLC boosted its position in shares of Cintas by 495.7% in the third quarter. Addison Advisors LLC now owns 137 shares of the business services provider's stock worth $28,000 after acquiring an additional 114 shares during the last quarter. Grove Bank & Trust grew its holdings in Cintas by 1,340.0% in the third quarter. Grove Bank & Trust now owns 144 shares of the business services provider's stock valued at $30,000 after purchasing an additional 134 shares during the period. Finally, Capital Advisors Ltd. LLC increased its position in Cintas by 321.1% during the third quarter. Capital Advisors Ltd. LLC now owns 160 shares of the business services provider's stock worth $33,000 after purchasing an additional 122 shares during the last quarter. Institutional investors and hedge funds own 63.46% of the company's stock.

Wall Street Analyst Weigh In

A number of equities analysts have weighed in on the stock. Truist Financial decreased their price target 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. Barclays lifted their target price on Cintas from $210.00 to $245.00 and gave the company an "overweight" rating in a report on Friday, September 27th. Robert W. Baird dropped their price target on Cintas from $209.00 to $200.00 and set a "neutral" rating for the company in a research note on Friday, December 20th. Wells Fargo & Company cut their price objective on Cintas from $191.00 to $184.00 and set an "underweight" rating on the stock in a report on Friday, December 20th. Finally, The Goldman Sachs Group decreased their target price on Cintas from $236.00 to $211.00 and set a "buy" rating for the company in a report on Friday, December 20th. 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 company. According to MarketBeat, Cintas currently has an average rating of "Hold" and a consensus target price of $198.46.

Cintas Stock Up 0.1 %

Shares of CTAS stock traded up $0.26 on Friday, hitting $198.31. The stock had a trading volume of 1,673,318 shares, compared to its average volume of 2,121,474. The stock's 50 day moving average is $205.75 and its 200-day moving average is $204.76. The firm has a market capitalization of $80.03 billion, a price-to-earnings ratio of 47.81, a P/E/G ratio of 3.65 and a beta of 1.37. Cintas Co. has a 52-week low of $146.63 and a 52-week high of $228.12. The company has a debt-to-equity ratio of 0.47, a quick ratio of 1.38 and a current ratio of 1.58.

Cintas (NASDAQ:CTAS - Get Free Report) last announced its earnings results on Thursday, December 19th. The business services provider reported $1.09 earnings per share (EPS) 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 for the quarter, compared to analyst estimates of $2.56 billion. During the same period in the previous year, the company earned $3.61 earnings per share. The company's revenue for the quarter was up 7.8% compared to the same quarter last year. As a group, research analysts expect that Cintas Co. will post 4.31 earnings per share for the current year.

Cintas Announces Dividend

The business also recently declared a quarterly dividend, which will be paid on Friday, March 14th. Stockholders of record on Friday, February 14th will be given a dividend of $0.39 per share. This represents a $1.56 dividend on an annualized basis and a dividend yield of 0.79%. The ex-dividend date of this dividend is Friday, February 14th. Cintas's payout ratio is currently 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.