MONECO Advisors LLC Purchases 355 Shares of Cintas Co. (NASDAQ:CTAS)

MONECO Advisors LLC grew its stake in shares of Cintas Co. (NASDAQ:CTAS) by 12.6% during the 4th quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The firm owned 3,166 shares of the business services provider’s stock after purchasing an additional 355 shares during the period. MONECO Advisors LLC’s holdings in Cintas were worth $578,000 as of its most recent filing with the Securities and Exchange Commission.

Several other institutional investors have also recently made changes to their positions in the stock. Lansing Street Advisors acquired a new position in shares of Cintas during the fourth quarter valued at about $253,000. Wealthspire Advisors LLC raised its holdings in shares of Cintas by 3.2% during the fourth quarter. Wealthspire Advisors LLC now owns 4,081 shares of the business services provider’s stock valued at $746,000 after purchasing an additional 125 shares during the period. First Horizon Advisors Inc. raised its holdings in shares of Cintas by 12.9% during the fourth quarter. First Horizon Advisors Inc. now owns 1,183 shares of the business services provider’s stock valued at $216,000 after purchasing an additional 135 shares during the period. Pinnacle Financial Partners Inc raised its holdings in shares of Cintas by 2.9% during the fourth quarter. Pinnacle Financial Partners Inc now owns 57,908 shares of the business services provider’s stock valued at $10,605,000 after purchasing an additional 1,655 shares during the period. Finally, Sigma Planning Corp raised its holdings in shares of Cintas by 48.1% during the fourth quarter. Sigma Planning Corp now owns 4,338 shares of the business services provider’s stock valued at $793,000 after purchasing an additional 1,409 shares during the period. Institutional investors and hedge funds own 63.46% of the company’s stock.

Analyst Ratings Changes

CTAS has been the topic of a number of analyst reports. The Goldman Sachs Group lowered their target price on shares of Cintas from $236.00 to $211.00 and set a “buy” rating on the stock in a report on Friday, December 20th. Truist Financial lowered their target price on shares of Cintas from $225.00 to $215.00 and set a “buy” rating on the stock in a report on Friday, December 20th. Citigroup initiated coverage on shares of Cintas in a report on Monday. They issued a “sell” rating and a $161.00 target price on the stock. Wells Fargo & Company lowered their target price 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. Finally, Robert W. Baird lowered their target price 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. Two analysts have rated the stock with a sell rating, nine have issued a hold rating and six have given a buy rating to the company. According to MarketBeat, the company currently has a consensus rating of “Hold” and a consensus target price of $199.79.

Cintas Trading Down 0.5 %

NASDAQ:CTAS opened at $203.35 on Tuesday. The company has a debt-to-equity ratio of 0.47, a quick ratio of 1.38 and a current ratio of 1.58. The firm has a market cap of $82.06 billion, a price-to-earnings ratio of 49.03, a price-to-earnings-growth ratio of 3.98 and a beta of 1.38. Cintas Co. has a 52 week low of $154.15 and a 52 week high of $228.12. The firm has a 50-day moving average price of $196.36 and a two-hundred day moving average price of $208.51.

Cintas (NASDAQ:CTAS) last released its earnings results on Thursday, December 19th. The business services provider reported $1.09 earnings per share for the quarter, beating 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 during the quarter, compared to the consensus estimate of $2.56 billion. During the same period in the prior year, the firm earned $3.61 EPS. The company’s revenue was up 7.8% compared to the same quarter last year. On average, equities analysts expect that Cintas Co. will post 4.31 earnings per share for the current fiscal year.

Cintas Announces Dividend

The firm also recently disclosed a quarterly dividend, which will be paid on Friday, March 14th. Investors of record on Friday, February 14th will be issued a $0.39 dividend. This represents a $1.56 annualized dividend and a yield of 0.77%. The ex-dividend date of this dividend is Friday, February 14th. Cintas’s dividend payout ratio (DPR) is presently 37.59%.

About Cintas

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.