Tudor Financial Inc. Purchases New Shares in Cintas Co. (NASDAQ:CTAS)

Tudor Financial Inc. purchased a new position in shares of Cintas Co. (NASDAQ:CTAS - Free Report) in the 4th quarter, according to the company in its most recent filing with the SEC. The institutional investor purchased 22,530 shares of the business services provider's stock, valued at approximately $4,116,000. Cintas accounts for approximately 2.4% of Tudor Financial Inc.'s portfolio, making the stock its 8th biggest holding.

Other large investors also recently added to or reduced their stakes in the company. Wellington Management Group LLP boosted its holdings in shares of Cintas by 211.7% in the third quarter. Wellington Management Group LLP now owns 778,884 shares of the business services provider's stock worth $160,357,000 after acquiring an additional 529,005 shares during the period. KMG Fiduciary Partners LLC boosted its stake in Cintas by 121.8% in 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 during the period. JPMorgan Chase & Co. grew its holdings in Cintas by 137.5% during 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 buying an additional 1,286,668 shares in the last quarter. Annex Advisory Services LLC increased its position in shares of Cintas by 1.6% during the fourth quarter. Annex Advisory Services LLC now owns 127,441 shares of the business services provider's stock valued at $23,283,000 after buying an additional 1,988 shares during the period. Finally, LVM Capital Management Ltd. MI lifted its holdings in shares of Cintas by 292.7% in the fourth quarter. LVM Capital Management Ltd. MI now owns 5,482 shares of the business services provider's stock worth $1,002,000 after buying an additional 4,086 shares in the last quarter. Hedge funds and other institutional investors own 63.46% of the company's stock.

Analyst Ratings Changes

Several equities analysts recently commented on CTAS shares. Jefferies Financial Group reduced their price objective on shares of Cintas from $730.00 to $200.00 and set a "hold" rating for the company in a research note on Thursday, September 26th. Robert W. Baird reduced their price target on shares of Cintas from $209.00 to $200.00 and set a "neutral" rating for the company in a research report on Friday, December 20th. Barclays increased their price objective on Cintas from $210.00 to $245.00 and gave the stock an "overweight" rating in a research report on Friday, September 27th. Wells Fargo & Company reduced their target price on Cintas from $191.00 to $184.00 and set an "underweight" rating for the company in a research report on Friday, December 20th. Finally, Truist Financial lowered their price target on Cintas from $225.00 to $215.00 and set a "buy" rating on the stock in a report on Friday, December 20th. Two investment analysts have rated the stock with a sell rating, nine have given a hold rating and six have given a buy rating to the company. According to MarketBeat.com, Cintas has a consensus rating of "Hold" and a consensus price target of $198.46.

Cintas Trading Up 1.5 %

Shares of Cintas stock traded up $2.92 during trading on Tuesday, reaching $201.23. The company's stock had a trading volume of 2,237,143 shares, compared to its average volume of 2,131,104. The company has a market cap of $81.20 billion, a price-to-earnings ratio of 48.52, a PEG ratio of 3.83 and a beta of 1.37. The firm's 50-day moving average is $204.69 and its two-hundred day moving average is $205.50. Cintas Co. has a 52-week low of $148.75 and a 52-week high of $228.12. The company has a quick ratio of 1.38, a current ratio of 1.58 and a debt-to-equity ratio of 0.47.

Cintas (NASDAQ:CTAS - Get Free Report) last announced its quarterly earnings data on Thursday, December 19th. The business services provider reported $1.09 earnings per share (EPS) for the quarter, beating 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 firm had revenue of $2.56 billion for the quarter, compared to analysts' expectations of $2.56 billion. During the same period last year, the firm earned $3.61 earnings per share. The company's revenue for the quarter was up 7.8% compared to the same quarter last year. On average, sell-side analysts anticipate that Cintas Co. will post 4.31 earnings per share for the current year.

Cintas Dividend Announcement

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 dividend of $0.39 per share. This represents a $1.56 dividend on an annualized basis and a dividend yield of 0.78%. The ex-dividend date of this dividend is Friday, February 14th. Cintas's dividend payout ratio (DPR) is presently 37.61%.

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.