1 week Ago By ABMN Staff
GAMMA Investing LLC boosted its stake in shares of Cintas Co. ( NASDAQ:CTAS – Free Report ) by 83.2% during the 4th quarter, according to its most recent 13F filing with the SEC.
The firm owned 11,462 shares of the business services provider’s stock after buying an additional 5,206 shares during the period. GAMMA Investing LLC’s holdings in Cintas were worth $2,094,000 as of its most recent filing with the SEC. Other institutional investors also recently modified their holdings of the company.
LGT Financial Advisors LLC grew its holdings in Cintas by 311.1% during the second quarter. LGT Financial Advisors LLC now owns 37 shares of the business services provider’s stock worth $26,000 after purchasing an additional 28 shares during the period.
Financial Management Professionals Inc. grew its stake in Cintas by 341.4% during the third quarter.
Financial Management Professionals Inc. now owns 128 shares of the business services provider’s stock worth $26,000 after buying an additional 99 shares in the last quarter. Hollencrest Capital Management boosted its holdings 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 in the last quarter. Addison Advisors LLC grew its holdings in shares of Cintas by 495.
7% during the 3rd quarter. Addison Advisors LLC now owns 137 shares of the business services provider’s stock valued at $28,000 after purchasing an additional 114 shares during the last quarter. Finally, Grove Bank & Trust increased its holdings in Cintas by 1,340.
0% in the 3rd quarter. Grove Bank & Trust now owns 144 shares of the business services provider’s stock worth $30,000 after purchasing an additional 134 shares in the last quarter. 63.
46% of the stock is currently owned by institutional investors. Wall Street Analyst Weigh In CTAS has been the subject of several analyst reports. Royal Bank of Canada restated a “sector perform” rating and set a $215.
00 price target on shares of Cintas in a report on Friday, December 20th. Wells Fargo & Company cut their target price on Cintas from $191.00 to $184.
00 and set an “underweight” rating on the stock in a research report on Friday, December 20th. UBS Group decreased their target price on Cintas from $240.00 to $218.
00 and set a “buy” rating for the company in a research report on Friday, December 20th. Robert W. Baird dropped their price objective on shares of Cintas from $209.
00 to $200.00 and set a “neutral” rating on the stock in a report on Friday, December 20th. Finally, 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. Two research analysts have rated the stock with a sell rating, nine have assigned a hold rating and six have issued a buy rating to the stock.
According to MarketBeat.com, the stock presently has an average rating of “Hold” and an average price target of $198.46.
Cintas Stock Performance Shares of CTAS stock opened at $182.09 on Friday. Cintas Co.
has a 1 year low of $143.64 and a 1 year high of $228.12.
The firm has a market capitalization of $73.44 billion, a price-to-earnings ratio of 45.98, a price-to-earnings-growth ratio of 4.
15 and a beta of 1.33. The company has a debt-to-equity ratio of 0.
50, a current ratio of 1.53 and a quick ratio of 1.33.
The business has a fifty day moving average of $209.49 and a 200 day moving average of $203.80.
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 (EPS) for the quarter, topping the consensus estimate of $1.
01 by $0.08. Cintas had a net margin of 16.
80% and a return on equity of 39.56%. The business had revenue of $2.
56 billion for the quarter, compared to analyst estimates of $2.56 billion. During the same period in the prior year, the company posted $3.
61 EPS. The company’s revenue for the quarter was up 7.8% on a year-over-year basis.
As a group, research analysts expect that Cintas Co. will post 4.23 earnings per share for the current year.
Cintas Announces Dividend The company also recently announced a quarterly dividend, which was paid on Friday, December 13th. Shareholders of record on Friday, November 15th were issued a $0.39 dividend.
The ex-dividend date of this dividend was Friday, November 15th. This represents a $1.56 annualized dividend and a yield of 0.
86%. Cintas’s payout ratio is 37.59%.
About Cintas ( 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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