Impact Capital Partners LLC Makes New Investment in Cintas Co. (NASDAQ:CTAS)

Impact Capital Partners LLC bought a new position in shares of Cintas Co. (NASDAQ:CTAS) during the 4th quarter, according to the company in its most recent disclosure with the SEC. The fund bought 1,599 shares of the business services provider’s stock, valued at approximately $292,000.

Several other institutional investors and hedge funds also recently added to or reduced their stakes in the business. Commonwealth Equity Services LLC boosted its stake in Cintas by 19.3% during the 4th quarter. Commonwealth Equity Services LLC now owns 95,633 shares of the business services provider’s stock worth $17,472,000 after purchasing an additional 15,439 shares during the last quarter. VanWeelden Wealth Management LLC acquired a new stake in Cintas during the 4th quarter worth $219,000. IAG Wealth Partners LLC raised its holdings in shares of Cintas by 136.8% during the 4th 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. HBK Sorce Advisory LLC raised its holdings in shares of Cintas by 3.2% during the 4th quarter. HBK Sorce Advisory LLC now owns 3,225 shares of the business services provider’s stock worth $589,000 after acquiring an additional 101 shares during the period. Finally, Skandinaviska Enskilda Banken AB publ raised its holdings in shares of Cintas by 2.9% during the 4th quarter. Skandinaviska Enskilda Banken AB publ now owns 206,711 shares of the business services provider’s stock worth $37,983,000 after acquiring an additional 5,881 shares during the period. Institutional investors and hedge funds own 63.46% of the company’s stock.

Analysts Set New Price Targets

Several research firms have recently commented on CTAS. Royal Bank of Canada reiterated a “sector perform” rating and set a $215.00 price target on shares of Cintas in a report on Friday, December 20th. Citigroup began coverage on Cintas in a report on Monday, February 24th. They set a “sell” rating and a $161.00 price target on the stock. Morgan Stanley lifted their price target on Cintas from $185.00 to $202.00 and gave the stock an “equal weight” rating in a report on Thursday, December 12th. Robert W. Baird reduced their price target on Cintas from $209.00 to $200.00 and set a “neutral” rating on the stock in a report on Friday, December 20th. Finally, Wells Fargo & Company reduced their price target on Cintas from $191.00 to $184.00 and set an “underweight” 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 given a buy rating to the company’s stock. Based on data from MarketBeat, Cintas has a consensus rating of “Hold” and an average price target of $199.79.

Cintas Stock Down 0.8 %

Shares of NASDAQ:CTAS opened at $190.58 on Friday. 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 firm has a market capitalization of $76.91 billion, a PE ratio of 45.95, a price-to-earnings-growth ratio of 3.98 and a beta of 1.41. The firm’s 50-day moving average is $199.88 and its two-hundred day moving average is $209.11. Cintas Co. has a 1 year low of $155.51 and a 1 year high of $228.12.

Cintas (NASDAQ:CTAS) last issued its quarterly earnings results on Thursday, December 19th. The business services provider reported $1.09 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates 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 business’s revenue for the quarter was up 7.8% compared to the same quarter last year. During the same period in the prior year, the firm earned $3.61 earnings per share. Analysts predict 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 dividend of $0.39 per share. This represents a $1.56 dividend on an annualized basis and a dividend yield of 0.82%. The ex-dividend date of this dividend is Friday, February 14th. Cintas’s dividend payout ratio is presently 37.59%.

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.