Cintas Co. (NASDAQ:CTAS) Shares Acquired by EverSource Wealth Advisors LLC

EverSource Wealth Advisors LLC increased its stake in shares of Cintas Co. (NASDAQ:CTAS) by 134.4% in the 4th quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The firm owned 872 shares of the business services provider’s stock after purchasing an additional 500 shares during the quarter. EverSource Wealth Advisors LLC’s holdings in Cintas were worth $159,000 as of its most recent SEC filing.

A number of other hedge funds and other institutional investors have also recently bought and sold shares of the company. Sound Income Strategies LLC purchased a new stake in shares of Cintas in the fourth quarter valued at about $27,000. Endeavor Private Wealth Inc. acquired a new stake in Cintas in the fourth quarter valued at about $31,000. Newbridge Financial Services Group Inc. purchased a new stake in Cintas in the 4th quarter valued at approximately $34,000. OFI Invest Asset Management acquired a new position in Cintas during the 4th quarter worth approximately $37,000. Finally, HHM Wealth Advisors LLC purchased a new position in shares of Cintas during the 4th quarter worth approximately $39,000. 63.46% of the stock is currently owned by hedge funds and other institutional investors.

Cintas Stock Performance

Shares of NASDAQ CTAS opened at $195.17 on Tuesday. 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 $78.76 billion, a PE ratio of 47.06, a price-to-earnings-growth ratio of 3.98 and a beta of 1.41. The company has a 50-day simple moving average of $200.22 and a 200-day simple moving average of $209.17. Cintas Co. has a 12 month low of $155.89 and a 12 month high of $228.12.

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

Cintas Dividend Announcement

The business also recently announced a quarterly dividend, which was paid on Friday, March 14th. Investors of record on Friday, February 14th were given a $0.39 dividend. The ex-dividend date was Friday, February 14th. This represents a $1.56 annualized dividend and a dividend yield of 0.80%. Cintas’s dividend payout ratio is presently 37.59%.

Wall Street Analyst Weigh In

A number of analysts recently weighed in on the company. Robert W. Baird decreased their price target on Cintas from $209.00 to $200.00 and set a “neutral” rating on the stock in a research note on Friday, December 20th. Truist Financial reduced their target price on Cintas from $225.00 to $215.00 and set a “buy” rating for the company in a report on Friday, December 20th. Royal Bank of Canada reaffirmed a “sector perform” rating and set a $215.00 price target on shares of Cintas in a research note on Friday, December 20th. 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. Finally, Citigroup started coverage on shares of Cintas in a research report on Monday, February 24th. They set a “sell” rating and a $161.00 target price on the stock. 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. According to data from MarketBeat, Cintas has an average rating of “Hold” and a consensus price target of $199.79.

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.