Avestar Capital LLC Purchases 497 Shares of Cintas Co. (NASDAQ:CTAS)

Avestar Capital LLC increased its holdings in shares of Cintas Co. (NASDAQ:CTAS) by 19.8% during the 4th quarter, according to its most recent filing with the Securities and Exchange Commission. The firm owned 3,008 shares of the business services provider’s stock after buying an additional 497 shares during the quarter. Avestar Capital LLC’s holdings in Cintas were worth $550,000 as of its most recent SEC filing.

Several other hedge funds and other institutional investors have also recently added to or reduced their stakes in the business. Guardian Wealth Advisors LLC boosted its position in Cintas by 3.1% during the fourth quarter. Guardian Wealth Advisors LLC now owns 1,741 shares of the business services provider’s stock worth $318,000 after purchasing an additional 52 shares during the period. MGB Wealth Management LLC lifted its stake in shares of Cintas by 0.7% during the 4th quarter. MGB Wealth Management LLC now owns 7,248 shares of the business services provider’s stock worth $1,328,000 after buying an additional 52 shares during the last quarter. Aaron Wealth Advisors LLC boosted its holdings 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 buying an additional 55 shares during the period. S.A. Mason LLC grew its stake in Cintas by 3.3% in the 4th quarter. S.A. Mason LLC now owns 1,703 shares of the business services provider’s stock valued at $311,000 after buying an additional 55 shares during the last quarter. Finally, Simon Quick Advisors LLC raised its holdings in Cintas by 5.5% in 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 during the period. 63.46% of the stock is currently owned by institutional investors.

Cintas Stock Performance

NASDAQ CTAS opened at $205.99 on Friday. The firm’s 50 day simple moving average is $197.78 and its 200 day simple moving average is $207.45. The firm has a market capitalization of $83.13 billion, a price-to-earnings ratio of 49.67, a P/E/G ratio of 3.95 and a beta of 1.38. 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 1 year low of $150.94 and a 1 year high of $228.12.

Cintas (NASDAQ:CTAS) last issued its earnings results on Thursday, December 19th. The business services provider reported $1.09 earnings per share 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 firm had revenue of $2.56 billion for the quarter, compared to the consensus estimate of $2.56 billion. During the same quarter last year, the business posted $3.61 EPS. The company’s revenue was up 7.8% compared to the same quarter last year. As a group, research analysts expect that Cintas Co. will post 4.31 earnings per share for the current fiscal year.

Cintas Announces Dividend

The firm also recently announced a quarterly dividend, which will be paid on Friday, March 14th. Shareholders of record on Friday, February 14th will be paid a dividend of $0.39 per share. This represents a $1.56 annualized dividend and a yield of 0.76%. The ex-dividend date of this dividend is Friday, February 14th. Cintas’s payout ratio is 37.59%.

Wall Street Analysts Forecast Growth

A number of equities research analysts have recently issued reports on CTAS shares. Morgan Stanley boosted their price objective on Cintas from $185.00 to $202.00 and gave the stock an “equal weight” rating in a report on Thursday, December 12th. Wells Fargo & Company reduced their price target on Cintas from $191.00 to $184.00 and set an “underweight” rating for the company in a research note on Friday, December 20th. UBS Group lowered their price objective on Cintas from $240.00 to $218.00 and set a “buy” rating on the stock in a research report on Friday, December 20th. Truist Financial reduced their target price 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. Finally, Royal Bank of Canada reaffirmed a “sector perform” rating and set a $215.00 price target on shares of Cintas in a research report on Friday, December 20th. Two investment 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. According to data from MarketBeat.com, the company currently has a consensus rating of “Hold” and a consensus 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.