2,407 Shares in Cintas Co. (NASDAQ:CTAS) Acquired by Wayfinding Financial LLC

Wayfinding Financial LLC acquired a new position in Cintas Co. (NASDAQ:CTAS - Free Report) in the fourth quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund acquired 2,407 shares of the business services provider's stock, valued at approximately $439,000.

Several other large investors have also modified their holdings of the company. Lee Danner & Bass Inc. acquired a new position in shares of Cintas during the 4th quarter worth about $42,000. Whittier Trust Co. lifted its holdings in shares of Cintas by 15.2% during the fourth quarter. Whittier Trust Co. now owns 3,840 shares of the business services provider's stock worth $702,000 after buying an additional 508 shares during the last quarter. Blueshift Asset Management LLC bought a new stake in shares of Cintas in the fourth quarter valued at approximately $668,000. iA Global Asset Management Inc. grew its stake in shares of Cintas by 5.3% in the fourth quarter. iA Global Asset Management Inc. now owns 54,003 shares of the business services provider's stock worth $9,866,000 after acquiring an additional 2,719 shares during the last quarter. Finally, Magnetar Financial LLC bought a new position in Cintas during the fourth quarter worth $1,462,000. 63.46% of the stock is owned by institutional investors.

Cintas Trading Down 0.6 %

Cintas stock traded down $1.11 during mid-day trading on Tuesday, hitting $193.46. The stock had a trading volume of 2,090,779 shares, compared to its average volume of 1,531,683. The stock has a 50-day simple moving average of $200.57 and a two-hundred day simple moving average of $208.92. The company has a current ratio of 1.58, a quick ratio of 1.38 and a debt-to-equity ratio of 0.47. The stock has a market capitalization of $78.07 billion, a PE ratio of 46.64, a P/E/G ratio of 3.98 and a beta of 1.41. Cintas Co. has a 12 month low of $158.10 and a 12 month high of $228.12.

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Cintas Announces Dividend

The firm also recently announced a quarterly dividend, which was paid on Friday, March 14th. Shareholders of record on Friday, February 14th were issued a dividend of $0.39 per share. This represents a $1.56 dividend on an annualized basis and a yield of 0.81%. The ex-dividend date was Friday, February 14th. Cintas's dividend payout ratio is presently 37.59%.

Wall Street Analyst Weigh In

CTAS has been the topic of several recent research reports. Royal Bank of Canada reissued a "sector perform" rating and set a $215.00 price objective on shares of Cintas in a report on Friday, December 20th. Morgan Stanley boosted their price target on shares of Cintas from $185.00 to $202.00 and gave the company an "equal weight" rating in a report on Thursday, December 12th. Citigroup initiated coverage on shares of Cintas in a report on Monday, February 24th. They set a "sell" rating and a $161.00 price objective for the company. UBS Group reduced their price target on shares of Cintas from $240.00 to $218.00 and set a "buy" rating on the stock in a research report on Friday, December 20th. Finally, Truist Financial dropped their price objective on shares of Cintas from $225.00 to $215.00 and set a "buy" rating for the company in a report on Friday, December 20th. Two analysts have rated the stock with a sell rating, nine have assigned a hold rating and six have issued a buy rating to the company's stock. According to data from MarketBeat, the stock has an average rating of "Hold" and an average price target of $199.79.

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.