Stonebridge Financial Group LLC purchased a new position in shares of Cintas Co. (NASDAQ:CTAS - Free Report) during the 4th quarter, according to its most recent disclosure with the Securities and Exchange Commission. The firm purchased 1,985 shares of the business services provider's stock, valued at approximately $363,000.
A number of other institutional investors have also modified their holdings of the stock. Financial Management Professionals Inc. boosted its position 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 purchasing an additional 99 shares in the last quarter. Hollencrest Capital Management lifted its stake in shares of Cintas by 433.3% in the 3rd quarter. Hollencrest Capital Management now owns 128 shares of the business services provider's stock valued at $26,000 after purchasing an additional 104 shares during the period. Sound Income Strategies LLC acquired a new position in shares of Cintas in the 4th quarter valued at $27,000. Addison Advisors LLC grew its position in Cintas by 495.7% during the third quarter. Addison Advisors LLC now owns 137 shares of the business services provider's stock valued at $28,000 after buying an additional 114 shares during the period. Finally, Grove Bank & Trust increased 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 buying an additional 134 shares in the last quarter. Hedge funds and other institutional investors own 63.46% of the company's stock.
Analysts Set New Price Targets
Several research firms have recently issued reports on CTAS. 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. The Goldman Sachs Group reduced their target price on Cintas from $236.00 to $211.00 and set a "buy" rating for the company in a research note on Friday, December 20th. Royal Bank of Canada reissued a "sector perform" rating and issued a $215.00 price target on shares of Cintas 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 on the stock in a report on Friday, December 20th. Finally, Morgan Stanley boosted their price target 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 equities research 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. Based on data from MarketBeat.com, the company presently has a consensus rating of "Hold" and an average price target of $198.46.
View Our Latest Research Report on Cintas
Cintas Trading Down 0.9 %
CTAS stock traded down $1.77 during midday trading on Friday, hitting $204.22. 1,062,557 shares of the company's stock were exchanged, compared to its average volume of 1,480,585. Cintas Co. has a 1-year low of $152.77 and a 1-year high of $228.12. The business has a 50-day simple moving average of $197.04 and a two-hundred day simple moving average of $207.53. The stock has a market capitalization of $82.41 billion, a PE 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 EPS for the quarter, beating 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 company had revenue of $2.56 billion for the quarter, compared to analysts' expectations of $2.56 billion. During the same quarter in the prior year, the company posted $3.61 earnings per share. Cintas's revenue for the quarter was up 7.8% compared to the same quarter last year. On average, sell-side analysts predict that Cintas Co. will post 4.31 EPS for the current fiscal year.
Cintas Announces Dividend
The business also recently announced a quarterly dividend, which will be paid on Friday, March 14th. Investors of record on Friday, February 14th will be issued a $0.39 dividend. The ex-dividend date is Friday, February 14th. This represents a $1.56 annualized dividend and a yield of 0.76%. Cintas's dividend payout ratio (DPR) is presently 37.61%.
Cintas Company Profile
(
Free Report)
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.
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