Intellus Advisors LLC Takes Position in Cintas Co. (NASDAQ:CTAS)

Intellus Advisors LLC acquired a new position in shares of Cintas Co. (NASDAQ:CTAS) in the 4th quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The firm acquired 4,500 shares of the business services provider’s stock, valued at approximately $822,000.

Other institutional investors have also recently bought and sold shares of the company. Sound Income Strategies LLC acquired a new stake in shares of Cintas during the 4th quarter valued at about $27,000. Cyrus J. Lawrence LLC bought a new position in Cintas during the fourth quarter valued at approximately $29,000. Endeavor Private Wealth Inc. acquired a new stake in Cintas in the fourth quarter valued at approximately $31,000. IAG Wealth Partners LLC lifted its stake in Cintas by 136.8% in the fourth quarter. IAG Wealth Partners LLC now owns 180 shares of the business services provider’s stock valued at $33,000 after acquiring an additional 104 shares during the last quarter. Finally, Newbridge Financial Services Group Inc. bought a new stake in Cintas in the fourth quarter worth approximately $34,000. Institutional investors and hedge funds own 63.46% of the company’s stock.

Analyst Ratings Changes

A number of research analysts have recently weighed in on the stock. Citigroup began coverage on shares of Cintas in a report on Monday, February 24th. They set a “sell” rating and a $161.00 price target on the stock. The Goldman Sachs Group decreased their price target on shares of Cintas from $236.00 to $211.00 and set a “buy” rating on the stock in a research report on Friday, December 20th. Morgan Stanley upped their price objective on shares of Cintas from $185.00 to $202.00 and gave the company an “equal weight” rating in a research report on Thursday, December 12th. Robert W. Baird lowered their price target on Cintas from $209.00 to $200.00 and set a “neutral” rating on the stock in a research note on Friday, December 20th. Finally, UBS Group cut their price target on Cintas from $240.00 to $218.00 and set a “buy” rating for the company in a report on Friday, December 20th. Two research analysts have rated the stock with a sell rating, nine have issued a hold rating and six have assigned a buy rating to the stock. According to data from MarketBeat.com, the company has an average rating of “Hold” and an average price target of $199.79.

Cintas Stock Performance

Shares of NASDAQ:CTAS opened at $191.17 on Friday. The stock has a market capitalization of $77.15 billion, a price-to-earnings ratio of 46.09, a price-to-earnings-growth ratio of 3.98 and a beta of 1.41. The business’s fifty day moving average price is $200.46 and its two-hundred day moving average price is $208.85. Cintas Co. has a fifty-two week low of $158.10 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 posted its 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 net margin of 17.23% and a return on equity of 40.62%. The business had revenue of $2.56 billion for the quarter, compared to analyst estimates of $2.56 billion. During the same quarter in the prior year, the firm earned $3.61 EPS. The firm’s quarterly revenue was up 7.8% compared to the same quarter last year. As a group, analysts predict that Cintas Co. will post 4.31 EPS for the current fiscal year.

Cintas Dividend Announcement

The company also recently disclosed a quarterly dividend, which was paid on Friday, March 14th. Stockholders of record on Friday, February 14th were issued a dividend of $0.39 per share. This represents a $1.56 annualized dividend and a dividend yield of 0.82%. The ex-dividend date was Friday, February 14th. Cintas’s payout ratio 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.