Consolidated Planning Corp Boosts Position in Cintas Co. (NASDAQ:CTAS)

Consolidated Planning Corp boosted its position in Cintas Co. (NASDAQ:CTAS) by 35.4% during the 4th quarter, according to its most recent Form 13F filing with the SEC. The fund owned 2,022 shares of the business services provider’s stock after purchasing an additional 529 shares during the period. Consolidated Planning Corp’s holdings in Cintas were worth $369,000 as of its most recent SEC filing.

A number of other large investors have also made changes to their positions in CTAS. C2P Capital Advisory Group LLC d.b.a. Prosperity Capital Advisors bought a new stake in Cintas during the fourth quarter valued at approximately $879,000. Van ECK Associates Corp boosted its stake in shares of Cintas by 1.7% during the 4th quarter. Van ECK Associates Corp now owns 79,988 shares of the business services provider’s stock worth $14,614,000 after acquiring an additional 1,326 shares during the last quarter. Retirement Guys Formula LLC grew its position in shares of Cintas by 8.2% during the 4th quarter. Retirement Guys Formula LLC now owns 4,279 shares of the business services provider’s stock valued at $782,000 after acquiring an additional 324 shares during the period. Allspring Global Investments Holdings LLC increased its stake in shares of Cintas by 43.7% in the 4th quarter. Allspring Global Investments Holdings LLC now owns 160,319 shares of the business services provider’s stock worth $29,192,000 after purchasing an additional 48,720 shares in the last quarter. Finally, Marks Group Wealth Management Inc raised its holdings in Cintas by 1.4% in the 4th quarter. Marks Group Wealth Management Inc now owns 27,465 shares of the business services provider’s stock worth $5,018,000 after purchasing an additional 381 shares during the period. 63.46% of the stock is currently owned by institutional investors.

Cintas Trading Up 0.7 %

CTAS opened at $205.99 on Friday. The stock has a 50-day moving average of $197.78 and a 200 day moving average of $207.45. 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 Co. has a 12 month low of $150.94 and a 12 month high of $228.12. The firm has a market cap of $83.13 billion, a P/E ratio of 49.67, a P/E/G ratio of 3.95 and a beta of 1.38.

Cintas (NASDAQ:CTAS) last posted its quarterly earnings data on Thursday, December 19th. The business services provider reported $1.09 earnings per share (EPS) for the quarter, beating the consensus estimate of $1.01 by $0.08. Cintas had a return on equity of 40.62% and a net margin of 17.23%. The business had revenue of $2.56 billion during the quarter, compared to analyst estimates of $2.56 billion. During the same period last year, the company earned $3.61 EPS. The company’s revenue for the quarter was up 7.8% on a year-over-year basis. As a group, research analysts forecast that Cintas Co. will post 4.31 EPS for the current year.

Cintas Announces Dividend

The company 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 $0.39 dividend. This represents a $1.56 annualized dividend and a dividend yield of 0.76%. The ex-dividend date of this dividend is Friday, February 14th. Cintas’s dividend payout ratio is currently 37.59%.

Analyst Ratings Changes

CTAS has been the subject of several recent research reports. The Goldman Sachs Group cut their price target on Cintas from $236.00 to $211.00 and set a “buy” rating for the company in a report on Friday, December 20th. Royal Bank of Canada reiterated a “sector perform” rating and issued a $215.00 price target on shares of Cintas in a research report on Friday, December 20th. Wells Fargo & Company cut their target price on Cintas from $191.00 to $184.00 and set an “underweight” rating for the company in a research report on Friday, December 20th. Robert W. Baird dropped their price target on Cintas from $209.00 to $200.00 and set a “neutral” rating for the company in a research note on Friday, December 20th. Finally, UBS Group lowered their target price on shares of Cintas from $240.00 to $218.00 and set a “buy” rating on the stock in a report on Friday, December 20th. Two research analysts have rated the stock with a sell rating, nine have given a hold rating and six have assigned a buy rating to the company’s stock. According to MarketBeat.com, the company has a consensus rating of “Hold” and an average target price of $198.46.

About Cintas

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.