Cintas Co. (NASDAQ:CTAS) Shares Bought by SRS Capital Advisors Inc.

SRS Capital Advisors Inc. lifted its position in shares of Cintas Co. (NASDAQ:CTAS - Free Report) by 1,700.8% during the 4th quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor owned 4,250 shares of the business services provider's stock after acquiring an additional 4,014 shares during the quarter. SRS Capital Advisors Inc.'s holdings in Cintas were worth $777,000 at the end of the most recent quarter.

Several other hedge funds have also recently bought and sold shares of the company. China Universal Asset Management Co. Ltd. increased its position in Cintas by 28.4% during the fourth quarter. China Universal Asset Management Co. Ltd. now owns 6,563 shares of the business services provider's stock worth $1,199,000 after buying an additional 1,450 shares in the last quarter. KMG Fiduciary Partners LLC increased its position in Cintas by 121.8% during the 4th quarter. KMG Fiduciary Partners LLC now owns 11,545 shares of the business services provider's stock worth $2,109,000 after purchasing an additional 6,341 shares in the last quarter. Wellington Management Group LLP increased its position in Cintas by 211.7% during the 3rd quarter. Wellington Management Group LLP now owns 778,884 shares of the business services provider's stock worth $160,357,000 after purchasing an additional 529,005 shares in the last quarter. JPMorgan Chase & Co. raised its stake in Cintas by 137.5% in the 3rd quarter. JPMorgan Chase & Co. now owns 2,222,527 shares of the business services provider's stock valued at $457,574,000 after purchasing an additional 1,286,668 shares during the last quarter. Finally, Annex Advisory Services LLC lifted its holdings in Cintas by 1.6% in the 4th quarter. Annex Advisory Services LLC now owns 127,441 shares of the business services provider's stock valued at $23,283,000 after purchasing an additional 1,988 shares in the last quarter. 63.46% of the stock is owned by hedge funds and other institutional investors.

Analyst Upgrades and Downgrades

A number of brokerages have recently commented on CTAS. UBS Group lowered their price target on shares of Cintas from $240.00 to $218.00 and set a "buy" rating for the company in a report on Friday, December 20th. The Goldman Sachs Group cut their price target on Cintas from $236.00 to $211.00 and set a "buy" rating for the company in a report on Friday, December 20th. Truist Financial reduced their price target on Cintas from $225.00 to $215.00 and set a "buy" rating on the stock in a research note on Friday, December 20th. Robert W. Baird lowered their price objective on Cintas from $209.00 to $200.00 and set a "neutral" rating for the company in a research report on Friday, December 20th. Finally, Morgan Stanley increased their target price on Cintas from $185.00 to $202.00 and gave the stock an "equal weight" rating in a research report on Thursday, December 12th. Two research analysts have rated the stock with a sell rating, nine have issued a hold rating and six have assigned a buy rating to the company. According to MarketBeat.com, the company has an average rating of "Hold" and a consensus price target of $199.79.

Cintas Trading Down 0.0 %

NASDAQ CTAS traded down $0.07 during mid-day trading on Monday, hitting $207.43. The company's stock had a trading volume of 1,684,951 shares, compared to its average volume of 1,729,431. The firm has a market capitalization of $83.71 billion, a P/E ratio of 50.01, a price-to-earnings-growth ratio of 3.98 and a beta of 1.38. The company has a debt-to-equity ratio of 0.47, a current ratio of 1.58 and a quick ratio of 1.38. Cintas Co. has a 52-week low of $154.15 and a 52-week high of $228.12. The stock's fifty day simple moving average is $197.13 and its two-hundred day simple moving average is $208.94.

Cintas (NASDAQ:CTAS - Get Free Report) last issued its earnings results on Thursday, December 19th. The business services provider reported $1.09 EPS for the quarter, beating analysts' consensus estimates of $1.01 by $0.08. The business had revenue of $2.56 billion for the quarter, compared to the consensus estimate of $2.56 billion. Cintas had a net margin of 17.23% and a return on equity of 40.62%. The business's revenue for the quarter was up 7.8% compared to the same quarter last year. During the same quarter last year, the firm posted $3.61 EPS. Research analysts expect that Cintas Co. will post 4.31 EPS for the current year.

Cintas Announces Dividend

The business also recently announced a quarterly dividend, which will be paid on Friday, March 14th. Stockholders of record on Friday, February 14th will be given 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 payout ratio is 37.59%.

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.