Creekmur Asset Management LLC Acquires 139 Shares of Cintas Co. (NASDAQ:CTAS)

Creekmur Asset Management LLC raised its stake in Cintas Co. (NASDAQ:CTAS) by 2.4% during the fourth quarter, Holdings Channel reports. The fund owned 5,912 shares of the business services provider’s stock after buying an additional 139 shares during the period. Creekmur Asset Management LLC’s holdings in Cintas were worth $1,080,000 as of its most recent filing with the Securities & Exchange Commission.

Several other large investors also recently added to or reduced their stakes in CTAS. Sound Income Strategies LLC purchased a new stake in shares of Cintas during the fourth quarter worth $27,000. Cyrus J. Lawrence LLC purchased a new position in Cintas during the 4th quarter valued at about $29,000. Endeavor Private Wealth Inc. bought a new stake in shares of Cintas during the fourth quarter valued at about $31,000. IAG Wealth Partners LLC lifted its holdings in shares of Cintas by 136.8% in the fourth quarter. IAG Wealth Partners LLC now owns 180 shares of the business services provider’s stock worth $33,000 after buying an additional 104 shares in the last quarter. Finally, Newbridge Financial Services Group Inc. bought a new stake in Cintas during the 4th quarter worth approximately $34,000. Hedge funds and other institutional investors own 63.46% of the company’s stock.

Analyst Upgrades and Downgrades

A number of research firms have recently commented on CTAS. Citigroup began coverage on shares of Cintas in a research report on Monday, February 24th. They set a “sell” rating and a $161.00 price target for the company. Truist Financial lifted their target price on shares of Cintas from $215.00 to $230.00 and gave the company a “buy” rating in a research report on Thursday, March 27th. Morgan Stanley raised their price objective on shares of Cintas from $195.00 to $213.00 and gave the company an “equal weight” rating in a research report on Thursday, March 27th. Robert W. Baird boosted their price objective on shares of Cintas from $200.00 to $227.00 and gave the stock a “neutral” rating in a report on Thursday, March 27th. Finally, Wells Fargo & Company increased their target price on shares of Cintas from $184.00 to $196.00 and gave the stock an “underweight” rating in a report on Thursday, March 27th. Two equities research analysts have rated the stock with a sell rating, seven have assigned a hold rating and five have assigned a buy rating to the company’s stock. According to data from MarketBeat, the stock has a consensus rating of “Hold” and an average target price of $210.58.

Cintas Stock Up 1.1 %

Shares of CTAS opened at $207.87 on Wednesday. Cintas Co. has a 12-month low of $162.16 and a 12-month high of $228.12. 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 company has a market capitalization of $83.88 billion, a PE ratio of 50.12, a price-to-earnings-growth ratio of 3.98 and a beta of 1.41. The business’s 50 day moving average is $201.29 and its 200 day moving average is $204.61.

Cintas (NASDAQ:CTAS) last announced its quarterly earnings results on Wednesday, March 26th. The business services provider reported $1.13 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $1.05 by $0.08. The company had revenue of $2.61 billion for the quarter, compared to the consensus estimate of $2.60 billion. Cintas had a net margin of 17.23% and a return on equity of 40.62%. Cintas’s revenue for the quarter was up 8.4% compared to the same quarter last year. During the same period in the previous year, the firm posted $3.84 EPS. Research analysts expect that Cintas Co. will post 4.31 earnings per share for the current fiscal year.

Cintas Announces Dividend

The company also recently disclosed a quarterly dividend, which was paid on Friday, March 14th. Stockholders of record on Friday, February 14th were issued a dividend of $0.39 per share. The ex-dividend date was Friday, February 14th. This represents a $1.56 annualized dividend and a dividend yield of 0.75%. Cintas’s dividend payout ratio (DPR) is 36.11%.

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.