Cintas Co. (NASDAQ:CTAS) Shares Acquired by Zevenbergen Capital Investments LLC

Zevenbergen Capital Investments LLC lifted its holdings in Cintas Co. (NASDAQ:CTAS) by 1.2% during the fourth quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 20,640 shares of the business services provider’s stock after buying an additional 240 shares during the quarter. Zevenbergen Capital Investments LLC’s holdings in Cintas were worth $3,771,000 as of its most recent SEC filing.

Other institutional investors have also recently modified their holdings of the company. Sound Income Strategies LLC purchased a new stake in Cintas during the fourth quarter worth $27,000. Cyrus J. Lawrence LLC purchased a new stake in Cintas during the fourth quarter worth $29,000. Endeavor Private Wealth Inc. acquired a new position in shares of Cintas in the fourth quarter worth $31,000. IAG Wealth Partners LLC increased its position in Cintas by 136.8% during 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 in the last quarter. Finally, Newbridge Financial Services Group Inc. acquired a new stake in shares of Cintas during the 4th quarter worth about $34,000. 63.46% of the stock is currently owned by hedge funds and other institutional investors.

Cintas Stock Performance

Shares of CTAS opened at $191.17 on Monday. Cintas Co. has a 1 year low of $158.10 and a 1 year high of $228.12. The company has a market cap of $77.15 billion, a price-to-earnings ratio of 46.09, a price-to-earnings-growth ratio of 3.98 and a beta of 1.41. The company has a debt-to-equity ratio of 0.47, a quick ratio of 1.38 and a current ratio of 1.58. The firm has a fifty day moving average of $200.46 and a 200-day moving average of $208.97.

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

Cintas Announces Dividend

The firm also recently declared a quarterly dividend, which was paid on Friday, March 14th. Shareholders of record on Friday, February 14th were given a $0.39 dividend. This represents a $1.56 annualized dividend and a yield of 0.82%. The ex-dividend date of this dividend was Friday, February 14th. Cintas’s dividend payout ratio (DPR) is presently 37.59%.

Analyst Ratings Changes

A number of analysts recently issued reports on the stock. Truist Financial decreased their target price on shares of Cintas from $225.00 to $215.00 and set a “buy” rating on the stock in a research report on Friday, December 20th. Morgan Stanley raised their target price on shares of Cintas from $185.00 to $202.00 and gave the stock an “equal weight” rating in a research report on Thursday, December 12th. Robert W. Baird decreased their target price on shares of Cintas from $209.00 to $200.00 and set a “neutral” rating on the stock in a research report on Friday, December 20th. Citigroup started coverage on shares of Cintas in a research note on Monday, February 24th. They set a “sell” rating and a $161.00 price objective on the stock. Finally, Royal Bank of Canada reiterated a “sector perform” rating and set a $215.00 price objective on shares of Cintas in a research note 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 stock. Based on data from MarketBeat.com, the stock presently has a consensus rating of “Hold” and an average target price of $199.79.

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.