HHM Wealth Advisors LLC Makes New $39,000 Investment in Cintas Co. (NASDAQ:CTAS)

HHM Wealth Advisors LLC purchased a new stake in shares of Cintas Co. (NASDAQ:CTAS) during the fourth quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The fund purchased 212 shares of the business services provider’s stock, valued at approximately $39,000.

Several other institutional investors and hedge funds also recently bought and sold shares of CTAS. Algert Global LLC acquired a new position in shares of Cintas during the 2nd quarter valued at about $328,000. B. Riley Wealth Advisors Inc. grew its holdings in Cintas by 18.4% during the second quarter. B. Riley Wealth Advisors Inc. now owns 547 shares of the business services provider’s stock valued at $383,000 after purchasing an additional 85 shares during the last quarter. Czech National Bank raised its position in shares of Cintas by 324.7% in the third quarter. Czech National Bank now owns 69,794 shares of the business services provider’s stock valued at $14,369,000 after purchasing an additional 53,360 shares during the period. Handelsbanken Fonder AB lifted its stake in shares of Cintas by 381.5% in the third quarter. Handelsbanken Fonder AB now owns 106,322 shares of the business services provider’s stock worth $21,890,000 after buying an additional 84,241 shares during the last quarter. Finally, GAMMA Investing LLC boosted its holdings in shares of Cintas by 392.6% during the 3rd quarter. GAMMA Investing LLC now owns 6,256 shares of the business services provider’s stock worth $1,288,000 after buying an additional 4,986 shares during the period. Hedge funds and other institutional investors own 63.46% of the company’s stock.

Cintas Stock Up 0.8 %

Shares of CTAS stock opened at $202.21 on Tuesday. The company has a 50 day simple moving average of $201.15 and a two-hundred day simple moving average of $206.83. The stock has a market cap of $81.60 billion, a P/E ratio of 48.75, a P/E/G ratio of 3.87 and a beta of 1.38. Cintas Co. has a 12 month low of $150.70 and a 12 month high of $228.12. 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 (NASDAQ:CTAS) last posted its earnings results on Thursday, December 19th. The business services provider reported $1.09 earnings per share 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 firm had revenue of $2.56 billion during the quarter, compared to analyst estimates of $2.56 billion. During the same period last year, the firm posted $3.61 earnings per share. Cintas’s revenue for the quarter was up 7.8% compared to the same quarter last year. On average, research analysts expect that Cintas Co. will post 4.31 earnings per share for the current year.

Cintas Dividend Announcement

The firm also recently declared a quarterly dividend, which will be paid on Friday, March 14th. Stockholders of record on Friday, February 14th will be paid a dividend of $0.39 per share. The ex-dividend date of this dividend is Friday, February 14th. This represents a $1.56 dividend on an annualized basis and a dividend yield of 0.77%. Cintas’s payout ratio is 37.61%.

Analyst Upgrades and Downgrades

A number of research analysts have recently commented on the company. Truist Financial cut their price target on Cintas from $225.00 to $215.00 and set a “buy” rating for the company in a report on Friday, December 20th. Wells Fargo & Company reduced their price target on shares of Cintas from $191.00 to $184.00 and set an “underweight” rating for the company in a report on Friday, December 20th. The Goldman Sachs Group dropped their price objective on shares of Cintas from $236.00 to $211.00 and set a “buy” rating on the stock in a report on Friday, December 20th. Royal Bank of Canada reiterated a “sector perform” rating and issued a $215.00 target price on shares of Cintas in a research note on Friday, December 20th. Finally, Morgan Stanley boosted their price target on Cintas from $185.00 to $202.00 and gave the company an “equal weight” rating in a research note on Thursday, December 12th. Two analysts have rated the stock with a sell rating, nine have given a hold rating and six have assigned a buy rating to the stock. According to MarketBeat, the stock has an average rating of “Hold” and an average target price of $198.46.

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.