Cintas Co. (NASDAQ:CTAS) Shares Purchased by Xponance Inc.

Xponance Inc. boosted its stake in shares of Cintas Co. (NASDAQ:CTAS) by 3.3% during the fourth quarter, HoldingsChannel.com reports. The institutional investor owned 79,337 shares of the business services provider’s stock after purchasing an additional 2,511 shares during the quarter. Xponance Inc.’s holdings in Cintas were worth $14,495,000 at the end of the most recent quarter.

Other institutional investors and hedge funds also recently added to or reduced their stakes in the company. Sound Income Strategies LLC acquired a new position in Cintas during the fourth quarter worth $27,000. Endeavor Private Wealth Inc. acquired a new position in Cintas during the fourth quarter worth $31,000. IAG Wealth Partners LLC lifted its stake in shares of Cintas by 136.8% in the 4th quarter. IAG Wealth Partners LLC now owns 180 shares of the business services provider’s stock valued at $33,000 after purchasing an additional 104 shares during the last quarter. Newbridge Financial Services Group Inc. acquired a new position in shares of Cintas in the 4th quarter valued at $34,000. Finally, OFI Invest Asset Management acquired a new position in shares of Cintas in the 4th quarter valued at $37,000. Institutional investors and hedge funds own 63.46% of the company’s stock.

Analyst Ratings Changes

Several equities analysts have recently commented on the company. UBS Group decreased their price target on Cintas from $240.00 to $218.00 and set a “buy” rating on the stock in a research note on Friday, December 20th. Morgan Stanley upped 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. Citigroup assumed coverage on Cintas in a research note on Monday, February 24th. They issued a “sell” rating and a $161.00 price target on the stock. Truist Financial decreased their price target on Cintas from $225.00 to $215.00 and set a “buy” rating on the stock in a research note on Friday, December 20th. Finally, The Goldman Sachs Group decreased their price target on Cintas from $236.00 to $211.00 and set a “buy” rating on the stock in a research note on Friday, December 20th. Two investment 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 MarketBeat, the stock presently has an average rating of “Hold” and a consensus price target of $199.79.

Cintas Price Performance

Shares of NASDAQ CTAS opened at $193.41 on Wednesday. The stock’s 50-day moving average is $200.31 and its two-hundred day moving average is $209.11. The company has a debt-to-equity ratio of 0.47, a current ratio of 1.58 and a quick ratio of 1.38. Cintas Co. has a 1-year low of $155.89 and a 1-year high of $228.12. The company has a market cap of $78.05 billion, a price-to-earnings ratio of 46.63, a price-to-earnings-growth ratio of 3.98 and a beta of 1.41.

Cintas (NASDAQ:CTAS) last issued its quarterly earnings results on Thursday, December 19th. The business services provider reported $1.09 earnings per share for the quarter, topping 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 company had revenue of $2.56 billion for the quarter, compared to the consensus estimate of $2.56 billion. During the same quarter in the prior year, the business earned $3.61 EPS. Cintas’s revenue was up 7.8% on a year-over-year basis. Analysts forecast that Cintas Co. will post 4.31 EPS for the current fiscal year.

Cintas Announces Dividend

The business also recently declared 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. The ex-dividend date of this dividend was Friday, February 14th. This represents a $1.56 annualized dividend and a yield of 0.81%. Cintas’s dividend payout ratio (DPR) is 37.59%.

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.