Stratos Wealth Partners LTD. Purchases 906 Shares of Cintas Co. (NASDAQ:CTAS)

Stratos Wealth Partners LTD. grew its position in Cintas Co. (NASDAQ:CTAS) by 2.2% during the fourth quarter, according to the company in its most recent 13F filing with the SEC. The fund owned 41,174 shares of the business services provider’s stock after purchasing an additional 906 shares during the quarter. Stratos Wealth Partners LTD.’s holdings in Cintas were worth $7,523,000 as of its most recent filing with the SEC.

Several other large investors also recently modified their holdings of the company. E. Ohman J or Asset Management AB grew its holdings in Cintas by 11.8% during the 4th quarter. E. Ohman J or Asset Management AB now owns 16,100 shares of the business services provider’s stock worth $2,941,000 after acquiring an additional 1,700 shares during the period. Mather Group LLC. boosted its position in shares of Cintas by 5.2% during the 4th quarter. Mather Group LLC. now owns 4,082 shares of the business services provider’s stock valued at $746,000 after purchasing an additional 203 shares in the last quarter. Columbus Macro LLC grew its stake in Cintas by 486.6% during the fourth quarter. Columbus Macro LLC now owns 28,831 shares of the business services provider’s stock worth $5,267,000 after purchasing an additional 23,916 shares during the period. Trust Point Inc. increased its holdings in Cintas by 2.3% in the fourth quarter. Trust Point Inc. now owns 3,167 shares of the business services provider’s stock worth $579,000 after purchasing an additional 72 shares in the last quarter. Finally, Optas LLC lifted its stake in Cintas by 6.1% in the fourth quarter. Optas LLC now owns 1,167 shares of the business services provider’s stock valued at $213,000 after buying an additional 67 shares during the period. 63.46% of the stock is currently owned by institutional investors and hedge funds.

Cintas Price Performance

Shares of NASDAQ:CTAS opened at $201.60 on Thursday. Cintas Co. has a 1-year low of $150.70 and a 1-year 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 stock has a market cap of $81.35 billion, a PE ratio of 48.61, a price-to-earnings-growth ratio of 3.87 and a beta of 1.38. The stock’s fifty day simple moving average is $200.20 and its two-hundred day simple moving average is $206.99.

Cintas (NASDAQ:CTAS) last released its quarterly 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. The company had revenue of $2.56 billion for the quarter, compared to analyst estimates of $2.56 billion. Cintas had a net margin of 17.23% and a return on equity of 40.62%. The firm’s revenue was up 7.8% on a year-over-year basis. During the same period last year, the firm earned $3.61 earnings per share. As a group, analysts forecast that Cintas Co. will post 4.31 EPS for the current fiscal year.

Cintas Announces Dividend

The firm also recently declared a quarterly dividend, which will be paid on Friday, March 14th. Investors of record on Friday, February 14th will be given a dividend of $0.39 per share. This represents a $1.56 dividend on an annualized basis and a dividend yield of 0.77%. The ex-dividend date of this dividend is Friday, February 14th. Cintas’s payout ratio is 37.59%.

Analyst Ratings Changes

CTAS has been the subject of several recent analyst reports. Wells Fargo & Company reduced their price objective on shares of Cintas from $191.00 to $184.00 and set an “underweight” rating for the company in a research report on Friday, December 20th. Truist Financial decreased their price target on shares of Cintas from $225.00 to $215.00 and set a “buy” rating for the company in a research note on Friday, December 20th. Robert W. Baird cut their price objective on shares of Cintas from $209.00 to $200.00 and set a “neutral” rating on the stock in a research report on Friday, December 20th. Royal Bank of Canada reaffirmed a “sector perform” rating and issued a $215.00 target price on shares of Cintas in a research report on Friday, December 20th. Finally, Morgan Stanley increased their price target on Cintas from $185.00 to $202.00 and gave the stock an “equal weight” rating in a report on Thursday, December 12th. Two investment analysts have rated the stock with a sell rating, nine have assigned a hold rating and six have given a buy rating to the company. Based on data from MarketBeat.com, the company currently has a consensus rating of “Hold” and an average price target of $198.46.

Cintas 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.