World Investment Advisors Acquires 717 Shares of Cintas Co. (NASDAQ:CTAS)

World Investment Advisors boosted its holdings in Cintas Co. (NASDAQ:CTAS) by 8.2% in the fourth quarter, according to the company in its most recent 13F filing with the SEC. The fund owned 9,488 shares of the business services provider’s stock after buying an additional 717 shares during the quarter. World Investment Advisors’ holdings in Cintas were worth $1,733,000 at the end of the most recent quarter.

Several other hedge funds and other institutional investors have also bought and sold shares of CTAS. Sound Income Strategies LLC bought a new position in Cintas during the fourth quarter valued at approximately $27,000. Cyrus J. Lawrence LLC purchased a new stake in Cintas during the 4th quarter valued at $29,000. Endeavor Private Wealth Inc. purchased a new position in shares of Cintas in the 4th quarter worth $31,000. IAG Wealth Partners LLC grew its holdings in shares of Cintas by 136.8% in the fourth quarter. IAG Wealth Partners LLC now owns 180 shares of the business services provider’s stock worth $33,000 after acquiring an additional 104 shares during the period. Finally, Newbridge Financial Services Group Inc. bought a new stake in shares of Cintas in the fourth quarter worth $34,000. Institutional investors own 63.46% of the company’s stock.

Cintas Stock Down 7.1 %

Shares of CTAS opened at $190.33 on Friday. The business’s 50 day moving average is $201.48 and its 200 day moving average is $204.55. The company has a current ratio of 1.58, a quick ratio of 1.38 and a debt-to-equity ratio of 0.47. Cintas Co. has a 12-month low of $162.16 and a 12-month high of $228.12. The company has a market capitalization of $76.81 billion, a PE ratio of 45.89, a price-to-earnings-growth ratio of 3.98 and a beta of 1.41.

Cintas (NASDAQ:CTAS) last released its quarterly earnings data on Wednesday, March 26th. The business services provider reported $1.13 earnings per share (EPS) for the quarter, beating the consensus estimate of $1.05 by $0.08. Cintas had a net margin of 17.23% and a return on equity of 40.62%. The firm had revenue of $2.61 billion for the quarter, compared to analysts’ expectations of $2.60 billion. During the same quarter last year, the business posted $3.84 earnings per share. The company’s revenue for the quarter was up 8.4% compared to the same quarter last year. Research analysts expect that Cintas Co. will post 4.31 earnings per share for the current fiscal year.

Cintas Dividend Announcement

The business also recently disclosed a quarterly dividend, which was paid on Friday, March 14th. Shareholders of record on Friday, February 14th were issued a dividend of $0.39 per share. This represents a $1.56 annualized dividend and a dividend yield of 0.82%. The ex-dividend date of this dividend was Friday, February 14th. Cintas’s dividend payout ratio (DPR) is presently 36.11%.

Wall Street Analysts Forecast Growth

Several research analysts have issued reports on the company. Robert W. Baird raised their target price on Cintas from $200.00 to $227.00 and gave the stock a “neutral” rating in a research report on Thursday, March 27th. Truist Financial boosted their target price on shares of Cintas from $215.00 to $230.00 and gave the company a “buy” rating in a research report on Thursday, March 27th. Wells Fargo & Company increased their price target on shares of Cintas from $184.00 to $196.00 and gave the stock an “underweight” rating in a research report on Thursday, March 27th. The Goldman Sachs Group boosted their price objective on shares of Cintas from $211.00 to $233.00 and gave the company a “buy” rating in a research report on Thursday, March 27th. Finally, UBS Group raised their target price on Cintas from $218.00 to $240.00 and gave the stock a “buy” rating in a report on Thursday, March 27th. Two analysts have rated the stock with a sell rating, seven have issued a hold rating and five have assigned a buy rating to the stock. Based on data from MarketBeat, Cintas has an average rating of “Hold” and an average price target of $210.58.

About Cintas

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.