Triasima Portfolio Management inc. Buys Shares of 6,795 Cintas Co. (NASDAQ:CTAS)

Triasima Portfolio Management inc. bought a new stake in shares of Cintas Co. (NASDAQ:CTAS) in the fourth quarter, Holdings Channel reports. The firm bought 6,795 shares of the business services provider’s stock, valued at approximately $1,241,000.

Other institutional investors also recently modified their holdings of the company. Czech National Bank raised its holdings in shares of Cintas by 324.7% during the 3rd 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 in the last quarter. Mather Group LLC. raised its holdings in shares of Cintas by 324.4% during the 3rd quarter. Mather Group LLC. now owns 3,879 shares of the business services provider’s stock valued at $799,000 after purchasing an additional 2,965 shares in the last quarter. Dynamic Advisor Solutions LLC raised its holdings in shares of Cintas by 262.8% during the 3rd quarter. Dynamic Advisor Solutions LLC now owns 1,299 shares of the business services provider’s stock valued at $267,000 after purchasing an additional 941 shares in the last quarter. Atomi Financial Group Inc. raised its holdings in shares of Cintas by 370.6% during the 3rd quarter. Atomi Financial Group Inc. now owns 3,934 shares of the business services provider’s stock valued at $810,000 after purchasing an additional 3,098 shares in the last quarter. Finally, Brookstone Capital Management raised its holdings in shares of Cintas by 209.7% during the 3rd quarter. Brookstone Capital Management now owns 1,081 shares of the business services provider’s stock valued at $223,000 after purchasing an additional 732 shares in the last quarter. Institutional investors and hedge funds own 63.46% of the company’s stock.

Analyst Ratings Changes

Several research analysts recently commented on the stock. Morgan Stanley lifted their target price on shares of Cintas from $185.00 to $202.00 and gave the stock an “equal weight” rating in a report on Thursday, December 12th. Royal Bank of Canada reiterated a “sector perform” rating and issued a $215.00 target price on shares of Cintas in a report on Friday, December 20th. Wells Fargo & Company dropped their target price on shares of Cintas from $191.00 to $184.00 and set an “underweight” rating on the stock in a report on Friday, December 20th. Truist Financial dropped their target price on shares of Cintas from $225.00 to $215.00 and set a “buy” rating on the stock in a report on Friday, December 20th. Finally, Robert W. Baird dropped their target price on shares of Cintas from $209.00 to $200.00 and set a “neutral” rating on the stock in a report on Friday, December 20th. Two equities research analysts have rated the stock with a sell rating, nine have issued a hold rating and six have issued a buy rating to the company. Based on data from MarketBeat.com, the stock presently has an average rating of “Hold” and a consensus price target of $198.46.

Cintas Price Performance

Shares of CTAS opened at $204.29 on Friday. The firm has a market capitalization of $82.44 billion, a PE ratio of 49.26, a PEG ratio of 3.87 and a beta of 1.38. The company’s 50-day moving average is $199.35 and its 200-day moving average is $206.94. Cintas Co. has a fifty-two week low of $150.70 and a fifty-two week high of $228.12. 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 (NASDAQ:CTAS) last issued its quarterly earnings data on Thursday, December 19th. The business services provider reported $1.09 earnings per share for the quarter, beating the consensus estimate of $1.01 by $0.08. The company had revenue of $2.56 billion for 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 company’s revenue was up 7.8% on a year-over-year basis. During the same period in the prior year, the firm earned $3.61 earnings per share. Equities analysts forecast that Cintas Co. will post 4.31 EPS for the current year.

Cintas Announces Dividend

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

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.