Cintas Co. (NASDAQ:CTAS) Stock Holdings Boosted by Unique Wealth LLC

Unique Wealth LLC increased its position in Cintas Co. (NASDAQ:CTAS) by 51.5% in the 4th quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 2,310 shares of the business services provider’s stock after buying an additional 785 shares during the quarter. Unique Wealth LLC’s holdings in Cintas were worth $422,000 at the end of the most recent reporting period.

Other hedge funds have also recently bought and sold shares of the company. LPL Financial LLC lifted its stake in Cintas by 5.4% during the second quarter. LPL Financial LLC now owns 63,888 shares of the business services provider’s stock valued at $44,738,000 after purchasing an additional 3,259 shares during the last quarter. Oppenheimer & Co. Inc. boosted its stake in shares of Cintas by 25.1% during the 2nd quarter. Oppenheimer & Co. Inc. now owns 4,717 shares of the business services provider’s stock worth $3,303,000 after acquiring an additional 946 shares in the last quarter. Meeder Asset Management Inc. grew its holdings in shares of Cintas by 226.7% in the 2nd quarter. Meeder Asset Management Inc. now owns 49 shares of the business services provider’s stock worth $34,000 after acquiring an additional 34 shares during the last quarter. Parallel Advisors LLC raised its position in shares of Cintas by 2.8% during the second quarter. Parallel Advisors LLC now owns 1,415 shares of the business services provider’s stock worth $991,000 after purchasing an additional 38 shares during the period. Finally, Wealthspire Advisors LLC raised its position in shares of Cintas by 17.6% during the second quarter. Wealthspire Advisors LLC now owns 547 shares of the business services provider’s stock worth $383,000 after purchasing an additional 82 shares during the period. 63.46% of the stock is owned by institutional investors and hedge funds.

Wall Street Analysts Forecast Growth

A number of equities analysts recently weighed in on CTAS shares. Morgan Stanley lifted their price target on Cintas from $185.00 to $202.00 and gave the stock an “equal weight” rating in a research note on Thursday, December 12th. Barclays lifted their price objective on shares of Cintas from $210.00 to $245.00 and gave the stock an “overweight” rating in a research report on Friday, September 27th. Jefferies Financial Group reduced their target price on Cintas from $730.00 to $200.00 and set a “hold” rating for the company in a report on Thursday, September 26th. Wells Fargo & Company lowered their price target on Cintas from $191.00 to $184.00 and set an “underweight” rating on the stock in a report on Friday, December 20th. Finally, The Goldman Sachs Group reduced their price objective on Cintas from $236.00 to $211.00 and set a “buy” rating for the company 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 assigned a buy rating to the company’s stock. According to data from MarketBeat, the company currently has a consensus rating of “Hold” and an average target price of $198.46.

Cintas Stock Up 0.7 %

Shares of CTAS stock opened at $190.60 on Tuesday. The stock’s 50 day simple moving average is $206.94 and its 200 day simple moving average is $204.75. Cintas Co. has a twelve month low of $146.29 and a twelve month high of $228.12. The company has a debt-to-equity ratio of 0.50, a quick ratio of 1.33 and a current ratio of 1.53. The company has a market capitalization of $76.92 billion, a price-to-earnings ratio of 48.13, a PEG ratio of 4.15 and a beta of 1.37.

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, 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 16.80% and a return on equity of 39.56%. Cintas’s quarterly revenue was up 7.8% compared to the same quarter last year. During the same period in the prior year, the firm earned $3.61 EPS. As a group, research analysts predict that Cintas Co. will post 4.23 EPS for the current year.

Cintas Dividend Announcement

The firm also recently declared a quarterly dividend, which was paid on Friday, December 13th. Stockholders of record on Friday, November 15th were issued a dividend of $0.39 per share. The ex-dividend date of this dividend was Friday, November 15th. This represents a $1.56 dividend on an annualized basis and a dividend yield of 0.82%. Cintas’s dividend payout ratio (DPR) is presently 37.59%.

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.