Verde Capital Management Acquires 5,381 Shares of Cintas Co. (NASDAQ:CTAS)

Verde Capital Management increased its holdings in shares of Cintas Co. (NASDAQ:CTAS - Free Report) by 225.4% during the fourth quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The institutional investor owned 7,768 shares of the business services provider's stock after purchasing an additional 5,381 shares during the quarter. Verde Capital Management's holdings in Cintas were worth $1,419,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

A number of other hedge funds and other institutional investors have also recently modified their holdings of CTAS. Quarry LP grew its position in Cintas by 500.0% in the 2nd quarter. Quarry LP now owns 108 shares of the business services provider's stock worth $76,000 after purchasing an additional 90 shares during the period. Financial Management Professionals Inc. increased its position in Cintas by 341.4% during the third quarter. Financial Management Professionals Inc. now owns 128 shares of the business services provider's stock valued at $26,000 after acquiring an additional 99 shares during the last quarter. Hollencrest Capital Management lifted its holdings in Cintas by 433.3% in the third quarter. Hollencrest Capital Management now owns 128 shares of the business services provider's stock valued at $26,000 after acquiring an additional 104 shares during the period. Addison Advisors LLC lifted its holdings in Cintas by 495.7% in the third quarter. Addison Advisors LLC now owns 137 shares of the business services provider's stock valued at $28,000 after acquiring an additional 114 shares during the period. Finally, Grove Bank & Trust boosted its position in Cintas by 1,340.0% in the third quarter. Grove Bank & Trust now owns 144 shares of the business services provider's stock worth $30,000 after purchasing an additional 134 shares during the last quarter. 63.46% of the stock is owned by institutional investors.

Cintas Price Performance

Shares of CTAS stock traded down $0.41 on Friday, reaching $197.39. The company's stock had a trading volume of 873,908 shares, compared to its average volume of 1,942,674. The company has a market capitalization of $79.65 billion, a price-to-earnings ratio of 47.59, a price-to-earnings-growth ratio of 3.84 and a beta of 1.37. The stock's fifty day simple moving average is $203.34 and its 200-day simple moving average is $205.57. 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 Co. has a 1 year low of $148.75 and a 1 year high of $228.12.

Cintas (NASDAQ:CTAS - Get Free Report) last posted its earnings results on Thursday, December 19th. The business services provider reported $1.09 earnings per share for the quarter, topping 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 firm had revenue of $2.56 billion for the quarter, compared to the consensus estimate of $2.56 billion. During the same period in the previous year, the firm posted $3.61 EPS. The business's quarterly revenue was up 7.8% on a year-over-year basis. Analysts forecast that Cintas Co. will post 4.31 earnings per share for the current fiscal year.

Cintas Dividend Announcement

The company also recently announced a quarterly dividend, which will be paid on Friday, March 14th. Stockholders of record on Friday, February 14th will be paid a $0.39 dividend. This represents a $1.56 annualized dividend and a dividend yield of 0.79%. The ex-dividend date is Friday, February 14th. Cintas's dividend payout ratio is currently 37.61%.

Wall Street Analyst Weigh In

Several equities analysts have recently weighed in on the stock. UBS Group lowered their price objective on shares of Cintas from $240.00 to $218.00 and set a "buy" rating on the stock in a research note on Friday, December 20th. Royal Bank of Canada reiterated a "sector perform" rating and issued a $215.00 price target on shares of Cintas in a research report on Friday, December 20th. Truist Financial cut their price objective 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. The Goldman Sachs Group decreased their target price on Cintas from $236.00 to $211.00 and set a "buy" rating on the stock in a report on Friday, December 20th. Finally, Jefferies Financial Group cut their price target on Cintas from $730.00 to $200.00 and set a "hold" rating for the company in a report on Thursday, September 26th. 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 stock. According to data from MarketBeat, Cintas has an average rating of "Hold" and an average price target of $198.46.

Cintas 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.