Fidelis Capital Partners LLC Increases Holdings in Cintas Co. (NASDAQ:CTAS)

Fidelis Capital Partners LLC increased its stake in shares of Cintas Co. (NASDAQ:CTAS) by 5.5% during the fourth quarter, according to the company in its most recent disclosure with the SEC. The institutional investor owned 6,925 shares of the business services provider’s stock after buying an additional 361 shares during the quarter. Fidelis Capital Partners LLC’s holdings in Cintas were worth $1,400,000 at the end of the most recent reporting period.

A number of other institutional investors have also recently added to or reduced their stakes in the stock. Hollencrest Capital Management raised its holdings in shares of Cintas by 433.3% in the 3rd 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 period. Sound Income Strategies LLC purchased a new stake in shares of Cintas in the 4th quarter valued at $27,000. Addison Advisors LLC raised its holdings in shares of Cintas by 495.7% in the 3rd 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 period. Endeavor Private Wealth Inc. purchased a new stake in shares of Cintas in the 4th quarter valued at $31,000. Finally, Quintet Private Bank Europe S.A. raised its holdings in shares of Cintas by 357.1% in the 3rd quarter. Quintet Private Bank Europe S.A. now owns 160 shares of the business services provider’s stock valued at $33,000 after buying an additional 125 shares during the period. Hedge funds and other institutional investors own 63.46% of the company’s stock.

Analyst Upgrades and Downgrades

Several equities research analysts recently issued reports on CTAS shares. Truist Financial cut their price objective on Cintas from $225.00 to $215.00 and set a “buy” rating on the stock in a report on Friday, December 20th. UBS Group lowered their price objective on Cintas from $240.00 to $218.00 and set a “buy” rating for the company in a research report on Friday, December 20th. Royal Bank of Canada reissued a “sector perform” rating and issued a $215.00 target price on shares of Cintas in a report on Friday, December 20th. Citigroup initiated coverage on Cintas in a report on Monday, February 24th. They issued a “sell” rating and a $161.00 target price for the company. Finally, Wells Fargo & Company reduced their target price on Cintas from $191.00 to $184.00 and set an “underweight” 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 assigned a buy rating to the company’s stock. Based on data from MarketBeat, Cintas has an average rating of “Hold” and an average target price of $199.79.

Cintas Stock Performance

Shares of CTAS stock opened at $207.43 on Tuesday. The business has a 50 day moving average of $197.54 and a two-hundred day moving average of $209.05. The company has a market cap of $83.71 billion, a P/E ratio of 50.01, a PEG ratio of 3.98 and a beta of 1.38. 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 Co. has a 52 week low of $154.15 and a 52 week high of $228.12.

Cintas (NASDAQ:CTAS) last announced its earnings results on Thursday, December 19th. The business services provider reported $1.09 EPS for the quarter, topping the consensus estimate of $1.01 by $0.08. The firm had revenue of $2.56 billion for the quarter, compared to analysts’ expectations of $2.56 billion. Cintas had a return on equity of 40.62% and a net margin of 17.23%. The firm’s quarterly revenue was up 7.8% compared to the same quarter last year. During the same quarter in the previous year, the company earned $3.61 earnings per share. As a group, analysts anticipate that Cintas Co. will post 4.31 EPS for the current year.

Cintas Announces Dividend

The business also recently announced 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 yield of 0.75%. Cintas’s payout ratio is 37.59%.

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.