Thurston Springer Miller Herd & Titak Inc. Has $3.50 Million Holdings in Cintas Co. (NASDAQ:CTAS)

Thurston Springer Miller Herd & Titak Inc. lifted its position in shares of Cintas Co. (NASDAQ:CTAS - Free Report) by 44.7% in the fourth quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The firm owned 19,147 shares of the business services provider's stock after acquiring an additional 5,918 shares during the period. Cintas makes up about 0.7% of Thurston Springer Miller Herd & Titak Inc.'s portfolio, making the stock its 22nd largest holding. Thurston Springer Miller Herd & Titak Inc.'s holdings in Cintas were worth $3,498,000 at the end of the most recent reporting period.

Other large investors have also made changes to their positions in the company. Financial Management Professionals Inc. grew its holdings in shares of Cintas by 341.4% during the 3rd quarter. Financial Management Professionals Inc. now owns 128 shares of the business services provider's stock valued at $26,000 after purchasing an additional 99 shares during the last quarter. Hollencrest Capital Management grew its stake in shares of Cintas by 433.3% during the third quarter. Hollencrest Capital Management now owns 128 shares of the business services provider's stock worth $26,000 after buying an additional 104 shares during the last quarter. Addison Advisors LLC increased its holdings in shares of Cintas by 495.7% during the third quarter. Addison Advisors LLC now owns 137 shares of the business services provider's stock worth $28,000 after buying an additional 114 shares in the last quarter. Grove Bank & Trust increased its holdings in shares of Cintas by 1,340.0% during the third quarter. Grove Bank & Trust now owns 144 shares of the business services provider's stock worth $30,000 after buying an additional 134 shares in the last quarter. Finally, Capital Advisors Ltd. LLC lifted its stake in shares of Cintas by 321.1% in the 3rd quarter. Capital Advisors Ltd. LLC now owns 160 shares of the business services provider's stock valued at $33,000 after acquiring an additional 122 shares during the last quarter. Institutional investors and hedge funds own 63.46% of the company's stock.

Analysts Set New Price Targets

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

Cintas Trading Up 1.8 %

Shares of Cintas stock traded up $3.42 on Wednesday, hitting $195.70. 1,466,784 shares of the company's stock traded hands, compared to its average volume of 2,249,454. The company has a fifty day moving average of $206.61 and a two-hundred day moving average of $204.87. Cintas Co. has a one year low of $146.29 and a one year high of $228.12. The company has a market capitalization of $78.97 billion, a price-to-earnings ratio of 49.42, a price-to-earnings-growth ratio of 4.16 and a beta of 1.37. The company has a debt-to-equity ratio of 0.50, a current ratio of 1.53 and a quick ratio of 1.33.

Cintas (NASDAQ:CTAS - Get Free Report) last posted its quarterly 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. The firm had revenue of $2.56 billion for the quarter, compared to analysts' expectations of $2.56 billion. Cintas had a return on equity of 39.56% and a net margin of 16.80%. The company's revenue for the quarter was up 7.8% compared to the same quarter last year. During the same period in the prior year, the business earned $3.61 EPS. As a group, sell-side analysts expect that Cintas Co. will post 4.23 earnings per share for the current year.

Cintas Dividend Announcement

The business also recently declared a quarterly dividend, which will be paid on Friday, March 14th. Shareholders of record on Friday, February 14th will be paid a $0.39 dividend. This represents a $1.56 annualized dividend and a yield of 0.80%. The ex-dividend date is Friday, February 14th. Cintas's dividend payout ratio (DPR) is currently 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.