Cintas Co. (NASDAQ:CTAS) Shares Acquired by Wendell David Associates Inc.

Wendell David Associates Inc. grew its stake in shares of Cintas Co. (NASDAQ:CTAS) by 7.4% in the 4th quarter, HoldingsChannel reports. The firm owned 1,967 shares of the business services provider’s stock after acquiring an additional 135 shares during the quarter. Wendell David Associates Inc.’s holdings in Cintas were worth $359,000 at the end of the most recent quarter.

A number of other hedge funds and other institutional investors have also modified their holdings of CTAS. Traynor Capital Management Inc. grew its position in Cintas by 13.7% during the 4th quarter. Traynor Capital Management Inc. now owns 16,982 shares of the business services provider’s stock worth $3,103,000 after purchasing an additional 2,040 shares in the last quarter. Wesbanco Bank Inc. grew its holdings in shares of Cintas by 27.7% during the fourth quarter. Wesbanco Bank Inc. now owns 1,708 shares of the business services provider’s stock valued at $312,000 after buying an additional 370 shares in the last quarter. Daymark Wealth Partners LLC raised its position in Cintas by 9.9% during the fourth quarter. Daymark Wealth Partners LLC now owns 16,209 shares of the business services provider’s stock valued at $2,961,000 after buying an additional 1,461 shares during the period. Dakota Wealth Management lifted its stake in Cintas by 1.6% in the 4th quarter. Dakota Wealth Management now owns 92,603 shares of the business services provider’s stock worth $16,919,000 after acquiring an additional 1,463 shares in the last quarter. Finally, Simon Quick Advisors LLC grew its stake 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 valued at $222,000 after acquiring an additional 63 shares in the last quarter. Institutional investors and hedge funds own 63.46% of the company’s stock.

Analysts Set New Price Targets

A number of analysts have recently issued reports on the stock. Truist Financial reduced their price target on shares of Cintas from $225.00 to $215.00 and set a “buy” rating for the company in a research report on Friday, December 20th. Morgan Stanley lifted their target price on shares of Cintas from $185.00 to $202.00 and gave the company an “equal weight” rating in a research note on Thursday, December 12th. Barclays upped their price target on shares of Cintas from $210.00 to $245.00 and gave the stock an “overweight” rating in a research note on Friday, September 27th. Jefferies Financial Group reduced their price objective on Cintas from $730.00 to $200.00 and set a “hold” rating for the company in a research report on Thursday, September 26th. Finally, Royal Bank of Canada reaffirmed a “sector perform” rating and set a $215.00 price target on shares of Cintas in a research note 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’s stock. According to data from MarketBeat.com, the company has an average rating of “Hold” and a consensus price target of $198.46.

Cintas Stock Down 1.1 %

CTAS opened at $199.02 on Thursday. Cintas Co. has a fifty-two week low of $148.75 and a fifty-two week high of $228.12. The company has a market capitalization of $80.31 billion, a P/E ratio of 47.99, a P/E/G ratio of 3.89 and a beta of 1.37. 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’s fifty day moving average price is $204.22 and its two-hundred day moving average price is $205.67.

Cintas (NASDAQ:CTAS) last issued its quarterly earnings data on Thursday, December 19th. The business services provider reported $1.09 earnings per share (EPS) for the quarter, beating 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 analysts’ expectations of $2.56 billion. During the same period last year, the business earned $3.61 earnings per share. The business’s revenue was up 7.8% on a year-over-year basis. On average, analysts anticipate that Cintas Co. will post 4.31 EPS for the current year.

Cintas Dividend Announcement

The business also recently disclosed a quarterly dividend, which will be paid on Friday, March 14th. Shareholders of record on Friday, February 14th will be issued a dividend of $0.39 per share. This represents a $1.56 dividend on an annualized basis and a yield of 0.78%. The ex-dividend date of this dividend is Friday, February 14th. Cintas’s dividend payout ratio is currently 37.61%.

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.