MGB Wealth Management LLC Has $1.33 Million Position in Cintas Co. (NASDAQ:CTAS)

MGB Wealth Management LLC boosted its position in Cintas Co. (NASDAQ:CTAS) by 0.7% during the fourth quarter, Holdings Channel reports. The institutional investor owned 7,248 shares of the business services provider’s stock after purchasing an additional 52 shares during the quarter. MGB Wealth Management LLC’s holdings in Cintas were worth $1,328,000 as of its most recent SEC filing.

A number of other hedge funds and other institutional investors have also bought and sold shares of the company. Guardian Wealth Advisors LLC raised its holdings in shares of Cintas by 3.1% in the fourth quarter. Guardian Wealth Advisors LLC now owns 1,741 shares of the business services provider’s stock valued at $318,000 after purchasing an additional 52 shares during the last quarter. Aaron Wealth Advisors LLC increased its stake in Cintas by 2.0% in the 4th quarter. Aaron Wealth Advisors LLC now owns 2,803 shares of the business services provider’s stock valued at $512,000 after buying an additional 55 shares during the last quarter. S.A. Mason LLC lifted its position in Cintas by 3.3% during the 4th quarter. S.A. Mason LLC now owns 1,703 shares of the business services provider’s stock worth $311,000 after buying an additional 55 shares in the last quarter. Simon Quick Advisors LLC lifted its position in Cintas by 5.5% during the 4th quarter. Simon Quick Advisors LLC now owns 1,213 shares of the business services provider’s stock worth $222,000 after buying an additional 63 shares in the last quarter. Finally, Catalina Capital Group LLC boosted its stake in shares of Cintas by 5.7% during the 4th quarter. Catalina Capital Group LLC now owns 1,212 shares of the business services provider’s stock worth $221,000 after buying an additional 65 shares during the last quarter. Institutional investors and hedge funds own 63.46% of the company’s stock.

Cintas Price Performance

Shares of NASDAQ CTAS opened at $204.61 on Thursday. The business’s 50 day moving average is $198.16 and its 200-day moving average is $207.47. The firm has a market cap of $82.57 billion, a P/E ratio of 49.33, a price-to-earnings-growth ratio of 3.95 and a beta of 1.38. Cintas Co. has a 1-year low of $150.70 and a 1-year 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, topping analysts’ consensus estimates 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 during the quarter, compared to the consensus estimate of $2.56 billion. During the same quarter last year, the firm earned $3.61 earnings per share. The company’s revenue was up 7.8% on a year-over-year basis. Equities research analysts predict that Cintas Co. will post 4.31 earnings per share for the current year.

Cintas Dividend Announcement

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

Wall Street Analyst Weigh In

Several research firms recently issued reports on CTAS. Royal Bank of Canada reiterated a “sector perform” rating and set a $215.00 target price on shares of Cintas in a report on Friday, December 20th. Morgan Stanley upped their price objective on Cintas from $185.00 to $202.00 and gave the stock an “equal weight” rating in a research note on Thursday, December 12th. UBS Group cut their price objective on Cintas from $240.00 to $218.00 and set a “buy” rating for the company in a report on Friday, December 20th. Truist Financial lowered 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, Wells Fargo & Company cut their price target on shares of Cintas from $191.00 to $184.00 and set an “underweight” rating for the company in a research note on Friday, December 20th. Two investment analysts have rated the stock with a sell rating, nine have assigned a hold rating and six have issued a buy rating to the company. According to data from MarketBeat, the stock currently has an average rating of “Hold” and an average target price of $198.46.

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.