Charles Schwab Trust Co Acquires Shares of 1,200 Cintas Co. (NASDAQ:CTAS)

Charles Schwab Trust Co acquired a new position in shares of Cintas Co. (NASDAQ:CTAS) in the 4th quarter, according to its most recent disclosure with the SEC. The fund acquired 1,200 shares of the business services provider’s stock, valued at approximately $219,000.

Other institutional investors and hedge funds have also recently modified their holdings of the company. Evergreen Capital Management LLC raised its stake in Cintas by 4.8% in the second quarter. Evergreen Capital Management LLC now owns 827 shares of the business services provider’s stock valued at $579,000 after buying an additional 38 shares in the last quarter. Aaron Wealth Advisors LLC raised its position in shares of Cintas by 2.0% during the 4th quarter. Aaron Wealth Advisors LLC now owns 2,803 shares of the business services provider’s stock worth $512,000 after acquiring an additional 55 shares in the last quarter. KPP Advisory Services LLC raised its position in shares of Cintas by 19.6% during the 2nd quarter. KPP Advisory Services LLC now owns 434 shares of the business services provider’s stock worth $304,000 after acquiring an additional 71 shares in the last quarter. First Hawaiian Bank lifted its stake in Cintas by 0.4% during the fourth quarter. First Hawaiian Bank now owns 17,105 shares of the business services provider’s stock worth $3,125,000 after purchasing an additional 73 shares during the last quarter. Finally, Grove Bank & Trust boosted its holdings in Cintas by 52.8% in the fourth quarter. Grove Bank & Trust now owns 220 shares of the business services provider’s stock valued at $40,000 after purchasing an additional 76 shares in the last quarter. Institutional investors and hedge funds own 63.46% of the company’s stock.

Analyst Upgrades and Downgrades

CTAS has been the subject of several recent analyst reports. The Goldman Sachs Group reduced their price objective on shares of Cintas from $236.00 to $211.00 and set a “buy” rating for the company in a research report on Friday, December 20th. Wells Fargo & Company reduced their price target on shares of Cintas from $191.00 to $184.00 and set an “underweight” rating for the company in a research report on Friday, December 20th. Barclays raised their price objective on Cintas from $210.00 to $245.00 and gave the stock an “overweight” rating in a report on Friday, September 27th. Robert W. Baird reduced their target price on Cintas from $209.00 to $200.00 and set a “neutral” rating for the company in a report on Friday, December 20th. Finally, Royal Bank of Canada restated a “sector perform” rating and set a $215.00 price target on shares of Cintas in a research note on Friday, December 20th. Two analysts have rated the stock with a sell rating, nine have assigned a hold rating and six have assigned a buy rating to the stock. Based on data from MarketBeat.com, Cintas has a consensus rating of “Hold” and a consensus target price of $198.46.

Cintas Stock Performance

Shares of CTAS opened at $198.31 on Tuesday. The stock has a market capitalization of $80.03 billion, a P/E ratio of 47.81, a P/E/G ratio of 3.83 and a beta of 1.37. The company has a debt-to-equity ratio of 0.47, a quick ratio of 1.38 and a current ratio of 1.58. Cintas Co. has a 1 year low of $146.63 and a 1 year high of $228.12. The company’s fifty day moving average is $205.21 and its two-hundred day moving average is $205.34.

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 business 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 was up 7.8% compared to the same quarter last year. During the same period in the previous year, the business posted $3.61 earnings per share. On average, sell-side 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 paid a dividend of $0.39 per share. This represents a $1.56 dividend on an annualized basis and a dividend yield of 0.79%. The ex-dividend date is Friday, February 14th. Cintas’s dividend payout ratio (DPR) is 37.61%.

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.