Cintas Co. (NASDAQ:CTAS) Shares Acquired by LPL Financial LLC

LPL Financial LLC boosted its holdings in Cintas Co. (NASDAQ:CTAS) by 18.1% during the 4th quarter, according to the company in its most recent disclosure with the SEC. The fund owned 319,259 shares of the business services provider’s stock after buying an additional 48,907 shares during the quarter. LPL Financial LLC owned 0.08% of Cintas worth $58,329,000 as of its most recent SEC filing.

Several other institutional investors also recently modified their holdings of the stock. Sound Income Strategies LLC acquired a new position in shares of Cintas in the fourth quarter worth about $27,000. Cyrus J. Lawrence LLC purchased a new stake in shares of Cintas in the 4th quarter valued at approximately $29,000. Endeavor Private Wealth Inc. purchased a new stake in shares of Cintas in the 4th quarter valued at approximately $31,000. IAG Wealth Partners LLC boosted its stake in Cintas by 136.8% in the 4th quarter. IAG Wealth Partners LLC now owns 180 shares of the business services provider’s stock worth $33,000 after purchasing an additional 104 shares during the period. Finally, Newbridge Financial Services Group Inc. purchased a new position in Cintas during the 4th quarter worth approximately $34,000. Institutional investors own 63.46% of the company’s stock.

Analysts Set New Price Targets

Several analysts have recently commented on CTAS shares. Truist Financial raised their target price on Cintas from $215.00 to $230.00 and gave the stock a “buy” rating in a research report on Thursday. Morgan Stanley raised their price objective on Cintas from $195.00 to $213.00 and gave the stock an “equal weight” rating in a research report on Thursday. UBS Group upped their target price on Cintas from $218.00 to $240.00 and gave the company a “buy” rating in a report on Thursday. The Goldman Sachs Group raised their price target on shares of Cintas from $211.00 to $233.00 and gave the stock a “buy” rating in a report on Thursday. Finally, Robert W. Baird upped their price objective on shares of Cintas from $200.00 to $227.00 and gave the company a “neutral” rating in a research note on Thursday. Two equities 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, Cintas presently has a consensus rating of “Hold” and a consensus target price of $207.57.

Cintas Stock Performance

NASDAQ:CTAS opened at $206.25 on Friday. The firm has a market capitalization of $83.23 billion, a PE ratio of 49.73, a PEG ratio of 3.98 and a beta of 1.41. Cintas Co. has a 1 year low of $162.16 and a 1 year high of $228.12. The company has a current ratio of 1.58, a quick ratio of 1.38 and a debt-to-equity ratio of 0.47. The firm’s fifty day simple moving average is $200.91 and its 200 day simple moving average is $208.87.

Cintas (NASDAQ:CTAS) last issued its quarterly earnings results on Wednesday, March 26th. The business services provider reported $1.13 earnings per share (EPS) for the quarter, beating the consensus estimate of $1.05 by $0.08. Cintas had a return on equity of 40.62% and a net margin of 17.23%. The company had revenue of $2.61 billion for the quarter, compared to the consensus estimate of $2.60 billion. During the same period last year, the business posted $3.84 earnings per share. The firm’s revenue was up 8.4% compared to the same quarter last year. On average, sell-side analysts anticipate that Cintas Co. will post 4.31 EPS for the current year.

Cintas Announces Dividend

The firm also recently declared 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. The ex-dividend date of this dividend was Friday, February 14th. This represents a $1.56 dividend on an annualized basis and a dividend yield of 0.76%. Cintas’s dividend payout ratio (DPR) is presently 36.11%.

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.