Cintas Co. (NASDAQ:CTAS) Stock Position Lifted by Souders Financial Advisors

Souders Financial Advisors boosted its stake in shares of Cintas Co. (NASDAQ:CTAS) by 12.1% during the fourth quarter, according to its most recent disclosure with the SEC. The institutional investor owned 2,522 shares of the business services provider’s stock after purchasing an additional 273 shares during the period. Souders Financial Advisors’ holdings in Cintas were worth $461,000 at the end of the most recent reporting period.

A number of other institutional investors and hedge funds have also recently added to or reduced their stakes in the stock. Hollencrest Capital Management grew its position in Cintas by 433.3% in the third quarter. Hollencrest Capital Management now owns 128 shares of the business services provider’s stock worth $26,000 after acquiring an additional 104 shares in the last quarter. Sound Income Strategies LLC bought a new stake in Cintas in the fourth quarter worth approximately $27,000. Addison Advisors LLC grew its position in Cintas by 495.7% in the third quarter. Addison Advisors LLC now owns 137 shares of the business services provider’s stock worth $28,000 after acquiring an additional 114 shares in the last quarter. Endeavor Private Wealth Inc. bought a new stake in Cintas in the fourth quarter worth approximately $31,000. Finally, Newbridge Financial Services Group Inc. bought a new stake in Cintas in the fourth quarter worth approximately $34,000. 63.46% of the stock is owned by hedge funds and other institutional investors.

Cintas Trading Up 0.4 %

Shares of CTAS stock opened at $205.29 on Thursday. Cintas Co. has a 52-week low of $154.15 and a 52-week high of $228.12. The stock has a market cap of $82.84 billion, a price-to-earnings ratio of 49.50, a P/E/G ratio of 3.98 and a beta of 1.38. The company has a debt-to-equity ratio of 0.47, a quick ratio of 1.38 and a current ratio of 1.58. The firm has a fifty day moving average of $198.20 and a 200-day moving average of $209.12.

Cintas (NASDAQ:CTAS) last announced its quarterly earnings data on Thursday, December 19th. The business services provider reported $1.09 earnings per share (EPS) for the quarter, beating 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 analysts’ expectations of $2.56 billion. During the same quarter in the prior year, the company posted $3.61 EPS. The business’s revenue was up 7.8% on a year-over-year basis. On average, equities research analysts forecast that Cintas Co. will post 4.31 earnings per share for the current fiscal year.

Cintas Dividend Announcement

The company also recently announced a quarterly dividend, which will be paid on Friday, March 14th. Stockholders of record on Friday, February 14th will be issued a $0.39 dividend. This represents a $1.56 annualized dividend and a dividend yield of 0.76%. The ex-dividend date is Friday, February 14th. Cintas’s payout ratio is 37.59%.

Wall Street Analyst Weigh In

Several research firms have commented on CTAS. Citigroup initiated coverage on shares of Cintas in a research report on Monday, February 24th. They issued a “sell” rating and a $161.00 target price for the company. Truist Financial reduced their price objective 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 reduced their price objective on shares of Cintas from $209.00 to $200.00 and set a “neutral” rating for the company in a research note on Friday, December 20th. Royal Bank of Canada restated a “sector perform” rating and issued a $215.00 price objective on shares of Cintas in a research note on Friday, December 20th. Finally, UBS Group reduced their price objective on shares of Cintas from $240.00 to $218.00 and set a “buy” rating for the company in a research note on Friday, December 20th. Two equities research analysts have rated the stock with a sell rating, nine have assigned a hold rating and six have assigned a buy rating to the company’s stock. Based on data from MarketBeat, the stock currently has a consensus rating of “Hold” and an average price target of $199.79.

Cintas Company 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.