Cintas Co. (NASDAQ:CTAS) Shares Bought by Savant Capital LLC

Savant Capital LLC lifted its position in shares of Cintas Co. (NASDAQ:CTAS) by 5.6% in the 4th quarter, according to its most recent disclosure with the SEC. The fund owned 11,625 shares of the business services provider’s stock after acquiring an additional 615 shares during the period. Savant Capital LLC’s holdings in Cintas were worth $2,124,000 as of its most recent filing with the SEC.

Other large investors have also modified their holdings of the company. Financial Management Professionals Inc. raised its holdings in shares of Cintas by 341.4% during the third quarter. Financial Management Professionals Inc. now owns 128 shares of the business services provider’s stock valued at $26,000 after buying an additional 99 shares during the last quarter. Hollencrest Capital Management increased its position in Cintas by 433.3% in the 3rd quarter. Hollencrest Capital Management now owns 128 shares of the business services provider’s stock valued at $26,000 after acquiring an additional 104 shares during the period. Sound Income Strategies LLC bought a new stake in Cintas during the 4th quarter valued at $27,000. Addison Advisors LLC boosted its position in Cintas by 495.7% during the 3rd quarter. Addison Advisors LLC now owns 137 shares of the business services provider’s stock worth $28,000 after acquiring an additional 114 shares during the period. Finally, Grove Bank & Trust grew its stake in shares of Cintas by 1,340.0% in the third quarter. Grove Bank & Trust now owns 144 shares of the business services provider’s stock worth $30,000 after purchasing an additional 134 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 equities research analysts recently weighed in on the stock. Morgan Stanley lifted their price objective 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. The Goldman Sachs Group reduced their price target on shares of Cintas from $236.00 to $211.00 and set a “buy” rating for the company in a research note on Friday, December 20th. Robert W. Baird lowered their price objective on shares of Cintas from $209.00 to $200.00 and set a “neutral” rating on the stock in a research note on Friday, December 20th. Royal Bank of Canada restated a “sector perform” rating and issued a $215.00 target price on shares of Cintas in a research report on Friday, December 20th. Finally, Truist Financial lowered their price target on Cintas from $225.00 to $215.00 and set a “buy” rating on the stock in a research report on Friday, December 20th. Two equities research analysts have rated the stock with a sell rating, nine have given a hold rating and six have issued a buy rating to the company’s stock. According to MarketBeat, the company has a consensus rating of “Hold” and a consensus target price of $198.46.

Cintas Price Performance

NASDAQ CTAS opened at $204.61 on Thursday. Cintas Co. has a 1 year low of $150.70 and a 1 year high of $228.12. The stock’s 50-day moving average price is $198.16 and its two-hundred day moving average price is $207.47. The company has a market cap of $82.57 billion, a PE ratio of 49.33, a PEG 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 (NASDAQ:CTAS) last issued its quarterly earnings results on Thursday, December 19th. The business services provider reported $1.09 EPS for the quarter, beating the consensus estimate of $1.01 by $0.08. Cintas had a net margin of 17.23% and a return on equity of 40.62%. The business had revenue of $2.56 billion during the quarter, compared to the consensus estimate of $2.56 billion. During the same quarter in the prior year, the firm earned $3.61 EPS. The firm’s quarterly revenue was up 7.8% on a year-over-year basis. On average, analysts predict that Cintas Co. will post 4.31 EPS for the current year.

Cintas Dividend Announcement

The firm also recently declared a quarterly dividend, which will be paid on Friday, March 14th. Stockholders of record on Friday, February 14th will be issued a dividend of $0.39 per share. The ex-dividend date is 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 is 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.