Certuity LLC Raises Stock Holdings in Cintas Co. (NASDAQ:CTAS)

Certuity LLC boosted its holdings in shares of Cintas Co. (NASDAQ:CTAS) by 39.7% in the fourth quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The firm owned 655 shares of the business services provider’s stock after acquiring an additional 186 shares during the quarter. Certuity LLC’s holdings in Cintas were worth $395,000 as of its most recent SEC filing.

Other hedge funds also recently bought and sold shares of the company. Columbus Macro LLC raised its stake in shares of Cintas by 1.2% during the fourth quarter. Columbus Macro LLC now owns 1,453 shares of the business services provider’s stock valued at $871,000 after acquiring an additional 17 shares in the last quarter. Quent Capital LLC raised its position in Cintas by 22.8% during the 4th quarter. Quent Capital LLC now owns 97 shares of the business services provider’s stock valued at $59,000 after purchasing an additional 18 shares in the last quarter. Greenleaf Trust raised its position in Cintas by 1.0% during the 3rd quarter. Greenleaf Trust now owns 1,899 shares of the business services provider’s stock valued at $913,000 after purchasing an additional 19 shares in the last quarter. Catalyst Capital Advisors LLC lifted its holdings in shares of Cintas by 33.9% in the 3rd quarter. Catalyst Capital Advisors LLC now owns 75 shares of the business services provider’s stock worth $36,000 after buying an additional 19 shares during the period. Finally, KMG Fiduciary Partners LLC grew its position in shares of Cintas by 1.6% during the 3rd quarter. KMG Fiduciary Partners LLC now owns 1,338 shares of the business services provider’s stock worth $644,000 after buying an additional 21 shares in the last quarter. Institutional investors own 63.46% of the company’s stock.

Cintas Stock Up 0.8 %

CTAS stock opened at $663.59 on Thursday. The stock has a market capitalization of $67.27 billion, a PE ratio of 45.83, a price-to-earnings-growth ratio of 3.86 and a beta of 1.27. Cintas Co. has a 52 week low of $454.70 and a 52 week high of $704.84. The company has a quick ratio of 2.03, a current ratio of 2.38 and a debt-to-equity ratio of 0.58. The firm has a 50 day moving average of $651.02 and a 200 day moving average of $597.11.

Cintas (NASDAQ:CTAS) last posted its quarterly earnings data on Wednesday, March 27th. The business services provider reported $3.84 EPS for the quarter, topping the consensus estimate of $3.58 by $0.26. Cintas had a net margin of 15.98% and a return on equity of 37.19%. The business had revenue of $2.41 billion during the quarter, compared to the consensus estimate of $2.39 billion. During the same period in the previous year, the firm posted $3.14 earnings per share. The business’s revenue for the quarter was up 9.9% compared to the same quarter last year. Sell-side analysts forecast that Cintas Co. will post 14.95 earnings per share for the current year.

Cintas Dividend Announcement

The company also recently disclosed a quarterly dividend, which will be paid on Friday, June 14th. Stockholders of record on Wednesday, May 15th will be issued a $1.35 dividend. This represents a $5.40 dividend on an annualized basis and a dividend yield of 0.81%. The ex-dividend date is Tuesday, May 14th. Cintas’s dividend payout ratio is presently 37.29%.

Analyst Ratings Changes

CTAS has been the topic of a number of recent research reports. Robert W. Baird increased their price objective on shares of Cintas from $660.00 to $750.00 and gave the company an “outperform” rating in a research note on Thursday, March 28th. Oppenheimer reiterated a “market perform” rating on shares of Cintas in a report on Monday, April 1st. The Goldman Sachs Group boosted their price target on Cintas from $673.00 to $765.00 and gave the stock a “buy” rating in a research report on Thursday, March 28th. Truist Financial raised their price objective on Cintas from $660.00 to $775.00 and gave the company a “buy” rating in a research report on Thursday, March 28th. Finally, Royal Bank of Canada boosted their target price on shares of Cintas from $675.00 to $725.00 and gave the stock an “outperform” rating in a report on Thursday, March 28th. Six research analysts have rated the stock with a hold rating and nine have given a buy rating to the company’s stock. Based on data from MarketBeat.com, Cintas currently has a consensus rating of “Moderate Buy” and an average price target of $661.21.

Cintas Company Profile

Cintas Corporation provides 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.