Consolidated Portfolio Review Corp Purchases New Stake in Cintas Co. (NASDAQ:CTAS)

Consolidated Portfolio Review Corp acquired a new position in shares of Cintas Co. (NASDAQ:CTAS) in the 4th quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The fund acquired 3,181 shares of the business services provider’s stock, valued at approximately $581,000.

A number of other large investors also recently added to or reduced their stakes in the business. YANKCOM Partnership bought a new position in shares of Cintas in the 4th quarter worth $107,000. Tyche Wealth Partners LLC acquired a new position in Cintas in the fourth quarter valued at about $668,000. Choreo LLC boosted its holdings in Cintas by 43.5% during the fourth quarter. Choreo LLC now owns 9,677 shares of the business services provider’s stock worth $1,777,000 after buying an additional 2,934 shares during the last quarter. Stratos Wealth Partners LTD. grew its position in shares of Cintas by 2.2% during the 4th quarter. Stratos Wealth Partners LTD. now owns 41,174 shares of the business services provider’s stock worth $7,523,000 after buying an additional 906 shares during the period. Finally, E. Ohman J or Asset Management AB increased its stake in shares of Cintas by 11.8% in the 4th quarter. E. Ohman J or Asset Management AB now owns 16,100 shares of the business services provider’s stock valued at $2,941,000 after acquiring an additional 1,700 shares during the last quarter. 63.46% of the stock is currently owned by institutional investors and hedge funds.

Wall Street Analyst Weigh In

CTAS has been the topic of several recent analyst reports. The Goldman Sachs Group reduced their price objective on shares of Cintas from $236.00 to $211.00 and set a “buy” rating on the stock in a research note on Friday, December 20th. UBS Group reduced their price target on shares of 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 lowered their price objective 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. Robert W. Baird reduced their target price on Cintas from $209.00 to $200.00 and set a “neutral” rating on the stock in a report on Friday, December 20th. Finally, Wells Fargo & Company lowered their price target on Cintas from $191.00 to $184.00 and set an “underweight” rating for the company in a report on Friday, December 20th. Two analysts have rated the stock with a sell rating, nine have assigned a hold rating and six have issued a buy rating to the stock. Based on data from MarketBeat, Cintas presently has a consensus rating of “Hold” and a consensus target price of $198.46.

Cintas Price Performance

Shares of CTAS opened at $202.06 on Friday. The company has a 50 day moving average of $199.35 and a 200-day moving average of $206.94. The company has a quick ratio of 1.38, a current ratio of 1.58 and a debt-to-equity ratio of 0.47. The stock has a market capitalization of $81.54 billion, a P/E ratio of 48.72, a P/E/G ratio of 3.87 and a beta of 1.38. Cintas Co. has a twelve month low of $150.70 and a twelve month high of $228.12.

Cintas (NASDAQ:CTAS) last released 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 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 last year, the firm earned $3.61 earnings per share. The firm’s revenue for the quarter was up 7.8% compared to the same quarter last year. As a group, equities research analysts forecast that Cintas Co. will post 4.31 EPS for the current fiscal year.

Cintas Announces Dividend

The business also recently declared a quarterly dividend, which will be paid on Friday, March 14th. Investors of record on Friday, February 14th will be given a dividend of $0.39 per share. The ex-dividend date of this dividend is Friday, February 14th. This represents a $1.56 annualized dividend and a yield of 0.77%. Cintas’s dividend payout ratio (DPR) is presently 37.61%.

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.