Tudor Financial Inc. Purchases Shares of 22,530 Cintas Co. (NASDAQ:CTAS)

Tudor Financial Inc. acquired a new position in shares of Cintas Co. (NASDAQ:CTAS) during the fourth quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The fund acquired 22,530 shares of the business services provider’s stock, valued at approximately $4,116,000. Cintas makes up about 2.4% of Tudor Financial Inc.’s investment portfolio, making the stock its 8th biggest position.

Several other institutional investors have also modified their holdings of the business. Trueblood Wealth Management LLC raised its stake in Cintas by 16.0% during the fourth quarter. Trueblood Wealth Management LLC now owns 3,933 shares of the business services provider’s stock valued at $719,000 after buying an additional 543 shares in the last quarter. Annex Advisory Services LLC raised its stake in Cintas by 1.6% during the fourth quarter. Annex Advisory Services LLC now owns 127,441 shares of the business services provider’s stock valued at $23,283,000 after buying an additional 1,988 shares in the last quarter. Grove Bank & Trust raised its stake in Cintas by 52.8% during the fourth quarter. Grove Bank & Trust now owns 220 shares of the business services provider’s stock valued at $40,000 after buying an additional 76 shares in the last quarter. Clarius Group LLC raised its stake in Cintas by 6.0% during the fourth quarter. Clarius Group LLC now owns 2,209 shares of the business services provider’s stock valued at $404,000 after buying an additional 126 shares in the last quarter. Finally, Aaron Wealth Advisors LLC raised its stake in Cintas by 2.0% during the fourth quarter. Aaron Wealth Advisors LLC now owns 2,803 shares of the business services provider’s stock valued at $512,000 after buying an additional 55 shares in the last quarter. Institutional investors and hedge funds own 63.46% of the company’s stock.

Analysts Set New Price Targets

Several equities analysts have recently commented on the company. UBS Group lowered 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. Barclays upped their target price on Cintas from $210.00 to $245.00 and gave the company an “overweight” rating in a report on Friday, September 27th. Truist Financial lowered their target price on Cintas from $225.00 to $215.00 and set a “buy” rating for the company in a report on Friday, December 20th. Jefferies Financial Group lowered their target price on Cintas from $730.00 to $200.00 and set a “hold” rating for the company in a report on Thursday, September 26th. Finally, Royal Bank of Canada reaffirmed a “sector perform” rating and set a $215.00 price target on shares of Cintas in a research note on Friday, December 20th. Two investment analysts have rated the stock with a sell rating, nine have given a hold rating and six have issued a buy rating to the company. Based on data from MarketBeat, Cintas presently has an average rating of “Hold” and an average price target of $198.46.

Cintas Stock Performance

Shares of NASDAQ:CTAS opened at $198.31 on Tuesday. The company’s 50 day moving average price is $205.21 and its two-hundred day moving average price is $205.34. Cintas Co. has a 12-month low of $146.63 and a 12-month high of $228.12. The firm has a market cap of $80.03 billion, a PE ratio of 47.81, a PEG ratio of 3.65 and a beta of 1.37. The company has a quick ratio of 1.38, a current ratio of 1.58 and a debt-to-equity ratio of 0.47.

Cintas (NASDAQ:CTAS) last issued its quarterly earnings results on Thursday, December 19th. The business services provider reported $1.09 earnings per share for the quarter, topping 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 company had revenue of $2.56 billion during the quarter, compared to the consensus estimate of $2.56 billion. During the same quarter in the prior year, the firm posted $3.61 EPS. The firm’s quarterly revenue was up 7.8% on a year-over-year basis. Equities research analysts predict that Cintas Co. will post 4.31 earnings per share for the current year.

Cintas Dividend Announcement

The company also recently disclosed a quarterly dividend, which will be paid on Friday, March 14th. Stockholders of record on Friday, February 14th will be given a dividend of $0.39 per share. This represents a $1.56 annualized dividend and a dividend yield of 0.79%. The ex-dividend date is Friday, February 14th. Cintas’s dividend payout ratio (DPR) is presently 37.61%.

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.