Ritholtz Wealth Management Boosts Position in Cintas Co. (NASDAQ:CTAS)

Ritholtz Wealth Management lifted its holdings in shares of Cintas Co. (NASDAQ:CTAS) by 1.0% in the 4th quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor owned 27,784 shares of the business services provider’s stock after purchasing an additional 285 shares during the quarter. Ritholtz Wealth Management’s holdings in Cintas were worth $5,076,000 at the end of the most recent quarter.

Other hedge funds and other institutional investors have also bought and sold shares of the company. Financial Management Professionals Inc. raised its holdings in shares of Cintas by 341.4% during the third quarter. Financial Management Professionals Inc. now owns 128 shares of the business services provider’s stock valued at $26,000 after acquiring an additional 99 shares in the last quarter. Hollencrest Capital Management boosted its position in shares of Cintas by 433.3% during the third quarter. Hollencrest Capital Management now owns 128 shares of the business services provider’s stock valued at $26,000 after buying an additional 104 shares during the last quarter. Addison Advisors LLC boosted its position in shares of 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 buying an additional 114 shares during the last quarter. Grove Bank & Trust lifted its holdings in Cintas by 1,340.0% in the third quarter. Grove Bank & Trust now owns 144 shares of the business services provider’s stock valued at $30,000 after acquiring an additional 134 shares during the period. Finally, Capital Advisors Ltd. LLC lifted its holdings in Cintas by 321.1% in the third quarter. Capital Advisors Ltd. LLC now owns 160 shares of the business services provider’s stock valued at $33,000 after acquiring an additional 122 shares during the period. Hedge funds and other institutional investors own 63.46% of the company’s stock.

Cintas Trading Up 1.2 %

CTAS opened at $198.05 on Friday. Cintas Co. has a fifty-two week low of $146.29 and a fifty-two week high of $228.12. The company has a debt-to-equity ratio of 0.47, a current ratio of 1.58 and a quick ratio of 1.38. The company has a market cap of $79.92 billion, a price-to-earnings ratio of 47.75, a price-to-earnings-growth ratio of 3.65 and a beta of 1.37. The firm has a 50 day simple moving average of $206.18 and a 200 day simple moving average of $204.81.

Cintas (NASDAQ:CTAS) last announced its quarterly earnings data on Thursday, December 19th. The business services provider reported $1.09 EPS for the quarter, beating analysts’ consensus estimates of $1.01 by $0.08. The company had revenue of $2.56 billion during the quarter, compared to the consensus estimate of $2.56 billion. Cintas had a net margin of 17.23% and a return on equity of 40.62%. The company’s quarterly revenue was up 7.8% on a year-over-year basis. During the same quarter last year, the firm posted $3.61 EPS. On average, sell-side analysts anticipate that Cintas Co. will post 4.31 earnings per share for the current year.

Cintas Dividend Announcement

The business also recently disclosed 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 yield of 0.79%. The ex-dividend date is Friday, February 14th. Cintas’s dividend payout ratio is 37.61%.

Analysts Set New Price Targets

Several analysts recently issued reports on CTAS shares. Wells Fargo & Company decreased their target price on Cintas from $191.00 to $184.00 and set an “underweight” rating on the stock in a research note on Friday, December 20th. Morgan Stanley lifted their target price on Cintas from $185.00 to $202.00 and gave the company an “equal weight” rating in a research report on Thursday, December 12th. Truist Financial dropped their target price on Cintas from $225.00 to $215.00 and set a “buy” rating on the stock in a research note on Friday, December 20th. Barclays boosted their price target on Cintas from $210.00 to $245.00 and gave the company an “overweight” rating in a research note on Friday, September 27th. Finally, Robert W. Baird reduced their price target on Cintas from $209.00 to $200.00 and set a “neutral” rating for the company in a report on Friday, December 20th. Two 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 stock. Based on data from MarketBeat, the stock presently has a consensus rating of “Hold” and a consensus 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.