LVM Capital Management Ltd. MI Purchases 4,086 Shares of Cintas Co. (NASDAQ:CTAS)

LVM Capital Management Ltd. MI increased its holdings in shares of Cintas Co. (NASDAQ:CTAS) by 292.7% during the fourth quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund owned 5,482 shares of the business services provider’s stock after acquiring an additional 4,086 shares during the period. LVM Capital Management Ltd. MI’s holdings in Cintas were worth $1,002,000 at the end of the most recent quarter.

A number of other hedge funds and other institutional investors have also recently bought and sold shares of the business. Financial Management Professionals Inc. grew 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 worth $26,000 after purchasing an additional 99 shares during the last quarter. Hollencrest Capital Management lifted its position in Cintas by 433.3% during the 3rd quarter. Hollencrest Capital Management now owns 128 shares of the business services provider’s stock worth $26,000 after buying an additional 104 shares in the last quarter. Addison Advisors LLC grew its holdings 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 last quarter. Grove Bank & Trust increased its position in Cintas by 1,340.0% in the 3rd quarter. Grove Bank & Trust now owns 144 shares of the business services provider’s stock valued at $30,000 after acquiring an additional 134 shares in the last quarter. Finally, Capital Advisors Ltd. LLC raised its stake in shares of Cintas by 321.1% in the third quarter. Capital Advisors Ltd. LLC now owns 160 shares of the business services provider’s stock worth $33,000 after acquiring an additional 122 shares during the last quarter. 63.46% of the stock is owned by institutional investors and hedge funds.

Wall Street Analyst Weigh In

A number of analysts recently weighed in on the stock. The Goldman Sachs Group lowered their price target on shares of Cintas from $236.00 to $211.00 and set a “buy” rating for the company in a report on Friday, December 20th. Royal Bank of Canada restated a “sector perform” rating and set a $215.00 target price on shares of Cintas in a research report on Friday, December 20th. Wells Fargo & Company lowered their price objective on Cintas from $191.00 to $184.00 and set an “underweight” rating for the company in a research report on Friday, December 20th. Barclays boosted their price objective on Cintas from $210.00 to $245.00 and gave the stock an “overweight” rating in a report on Friday, September 27th. Finally, Truist Financial reduced their target price on shares of Cintas from $225.00 to $215.00 and set a “buy” rating on the stock in a research note on Friday, December 20th. Two investment analysts have rated the stock with a sell rating, nine have assigned a hold rating and six have assigned a buy rating to the company’s stock. According to MarketBeat, Cintas presently has an average rating of “Hold” and an average price target of $198.46.

Cintas Trading Down 1.3 %

CTAS stock traded down $2.57 during midday trading on Friday, hitting $190.08. 865,110 shares of the company’s stock were exchanged, compared to its average volume of 2,344,818. Cintas Co. has a one year low of $145.91 and a one year 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 cap of $76.66 billion, a PE ratio of 48.00, a price-to-earnings-growth ratio of 4.15 and a beta of 1.37. The stock’s fifty day moving average price is $207.61 and its 200-day moving average price is $204.21.

Cintas (NASDAQ:CTAS) last issued its quarterly earnings data on Thursday, December 19th. The business services provider reported $1.09 earnings per share (EPS) for the quarter, beating the consensus estimate of $1.01 by $0.08. Cintas had a return on equity of 39.56% and a net margin of 16.80%. The business had revenue of $2.56 billion during the quarter, compared to analyst estimates of $2.56 billion. During the same period in the previous year, the firm earned $3.61 EPS. Cintas’s quarterly revenue was up 7.8% compared to the same quarter last year. Research analysts predict that Cintas Co. will post 4.23 earnings per share for the current fiscal year.

Cintas Announces Dividend

The business also recently disclosed a quarterly dividend, which was paid on Friday, December 13th. Investors of record on Friday, November 15th were given a $0.39 dividend. The ex-dividend date of this dividend was Friday, November 15th. This represents a $1.56 annualized dividend and a yield of 0.82%. Cintas’s dividend payout ratio is currently 37.59%.

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.