Cintas Co. (NASDAQ:CTAS) Stock Holdings Increased by Smartleaf Asset Management LLC

Smartleaf Asset Management LLC boosted its stake in shares of Cintas Co. (NASDAQ:CTAS) by 58.2% during the fourth quarter, according to its most recent disclosure with the SEC. The institutional investor owned 2,501 shares of the business services provider’s stock after purchasing an additional 920 shares during the period. Smartleaf Asset Management LLC’s holdings in Cintas were worth $459,000 at the end of the most recent reporting period.

Several other large investors have also recently added to or reduced their stakes in CTAS. Hollencrest Capital Management raised its stake in shares of Cintas by 433.3% during the 3rd quarter. Hollencrest Capital Management now owns 128 shares of the business services provider’s stock worth $26,000 after purchasing an additional 104 shares in the last quarter. Sound Income Strategies LLC acquired a new position in Cintas in the fourth quarter worth approximately $27,000. Addison Advisors LLC raised its position in Cintas by 495.7% during 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 in the last quarter. Endeavor Private Wealth Inc. acquired a new stake in Cintas in the fourth quarter valued at approximately $31,000. Finally, Quintet Private Bank Europe S.A. grew its position in Cintas by 357.1% in the third quarter. Quintet Private Bank Europe S.A. now owns 160 shares of the business services provider’s stock worth $33,000 after acquiring an additional 125 shares in the last quarter. Institutional investors and hedge funds own 63.46% of the company’s stock.

Analysts Set New Price Targets

A number of research firms have recently weighed in on CTAS. 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. Morgan Stanley increased their target price on shares of Cintas from $185.00 to $202.00 and gave the stock an “equal weight” rating in a research report on Thursday, December 12th. Truist Financial reduced their price target on Cintas from $225.00 to $215.00 and set a “buy” rating for the company in a research report on Friday, December 20th. Robert W. Baird lowered their price objective on Cintas from $209.00 to $200.00 and set a “neutral” rating on the stock in a report on Friday, December 20th. Finally, UBS Group reduced their target price on Cintas from $240.00 to $218.00 and set a “buy” rating for the company in a report on Friday, December 20th. Two equities research 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. Based on data from MarketBeat, the stock currently has an average rating of “Hold” and a consensus target price of $199.79.

Cintas Trading Down 1.4 %

Shares of CTAS stock opened at $204.56 on Wednesday. The firm has a market capitalization of $82.55 billion, a P/E ratio of 49.32, a price-to-earnings-growth ratio of 3.98 and a beta of 1.38. Cintas Co. has a 1 year low of $154.15 and a 1 year high of $228.12. The firm’s fifty day simple moving average is $197.86 and its 200 day simple moving average is $209.14. 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 (NASDAQ:CTAS) last posted its quarterly earnings data 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 17.23% and a return on equity of 40.62%. The company had revenue of $2.56 billion for the quarter, compared to the consensus estimate of $2.56 billion. During the same quarter in the previous year, the firm posted $3.61 EPS. The business’s revenue was up 7.8% compared to the same quarter last year. As a group, sell-side analysts predict that Cintas Co. will post 4.31 EPS for the current year.

Cintas Dividend Announcement

The company also recently disclosed a quarterly dividend, which will be paid on Friday, March 14th. Shareholders of record on Friday, February 14th will be given a $0.39 dividend. The ex-dividend date of this dividend is Friday, February 14th. This represents a $1.56 dividend on an annualized basis and a dividend yield of 0.76%. Cintas’s dividend payout ratio is currently 37.59%.

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.