J.W. Cole Advisors Inc. Purchases 1,209 Shares of Cintas Co. (NASDAQ:CTAS)

J.W. Cole Advisors Inc. raised its position in shares of Cintas Co. (NASDAQ:CTAS) by 20.4% in the 4th quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 7,137 shares of the business services provider’s stock after buying an additional 1,209 shares during the quarter. J.W. Cole Advisors Inc.’s holdings in Cintas were worth $1,304,000 as of its most recent SEC filing.

A number of other large investors have also added to or reduced their stakes in the company. Allworth Financial LP increased its position in Cintas by 3.4% in the fourth quarter. Allworth Financial LP now owns 5,800 shares of the business services provider’s stock worth $1,154,000 after purchasing an additional 192 shares during the last quarter. Principal Securities Inc. grew its stake in shares of Cintas by 71.7% in the 4th quarter. Principal Securities Inc. now owns 9,836 shares of the business services provider’s stock worth $1,797,000 after buying an additional 4,107 shares in the last quarter. Everhart Financial Group Inc. increased its holdings in shares of Cintas by 2.6% in the 4th quarter. Everhart Financial Group Inc. now owns 5,073 shares of the business services provider’s stock worth $927,000 after buying an additional 129 shares during the last quarter. Congress Asset Management Co. raised its position in shares of Cintas by 2.5% during the 4th quarter. Congress Asset Management Co. now owns 803,874 shares of the business services provider’s stock valued at $146,868,000 after buying an additional 19,285 shares in the last quarter. Finally, Nations Financial Group Inc. IA ADV raised its position in shares of Cintas by 2.6% during the 4th quarter. Nations Financial Group Inc. IA ADV now owns 25,294 shares of the business services provider’s stock valued at $4,621,000 after buying an additional 642 shares in the last quarter. Institutional investors own 63.46% of the company’s stock.

Cintas Trading Down 0.9 %

Shares of NASDAQ CTAS opened at $204.22 on Tuesday. Cintas Co. has a twelve month low of $152.77 and a twelve month high of $228.12. The company has a quick ratio of 1.38, a current ratio of 1.58 and a debt-to-equity ratio of 0.47. The business has a fifty day simple moving average of $197.04 and a two-hundred day simple moving average of $207.76. The firm has a market cap of $82.41 billion, a PE ratio of 49.24, a price-to-earnings-growth ratio of 3.95 and a beta of 1.38.

Cintas (NASDAQ:CTAS) last released its quarterly earnings data on Thursday, December 19th. The business services provider reported $1.09 earnings per share for the quarter, topping analysts’ consensus estimates of $1.01 by $0.08. The company had revenue of $2.56 billion during 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 for the quarter was up 7.8% compared to the same quarter last year. During the same period in the prior year, the firm earned $3.61 earnings per share. Analysts expect that Cintas Co. will post 4.31 earnings per share for the current fiscal year.

Cintas Dividend Announcement

The firm also recently disclosed a quarterly dividend, which will be paid on Friday, March 14th. Investors of record on Friday, February 14th will be issued a dividend of $0.39 per share. This represents a $1.56 annualized dividend and a yield of 0.76%. The ex-dividend date of this dividend is Friday, February 14th. Cintas’s payout ratio is 37.61%.

Analyst Upgrades and Downgrades

CTAS has been the topic of several analyst reports. Royal Bank of Canada reissued a “sector perform” rating and set a $215.00 price objective on shares of Cintas in a research note on Friday, December 20th. The Goldman Sachs Group cut their target price on Cintas from $236.00 to $211.00 and set a “buy” rating on the stock in a research report on Friday, December 20th. Morgan Stanley raised their price target on Cintas from $185.00 to $202.00 and gave the stock an “equal weight” rating in a research report on Thursday, December 12th. Wells Fargo & Company reduced their target price on shares of Cintas from $191.00 to $184.00 and set an “underweight” rating on the stock in a research note on Friday, December 20th. Finally, Truist Financial dropped 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. Two research analysts have rated the stock with a sell rating, nine have given a hold rating and six have assigned a buy rating to the company. Based on data from MarketBeat, the stock has a consensus rating of “Hold” and a consensus price target of $198.46.

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.