Dohj LLC Has $2.56 Million Position in Cintas Co. (NASDAQ:CTAS)

Dohj LLC trimmed its holdings in shares of Cintas Co. (NASDAQ:CTAS) by 2.3% in the fourth quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The fund owned 14,023 shares of the business services provider’s stock after selling 332 shares during the period. Dohj LLC’s holdings in Cintas were worth $2,562,000 at the end of the most recent quarter.

Other hedge funds also recently modified their holdings of the company. Western Financial Corp CA grew its stake in Cintas by 1.9% in the fourth quarter. Western Financial Corp CA now owns 12,016 shares of the business services provider’s stock valued at $2,195,000 after purchasing an additional 219 shares in the last quarter. China Universal Asset Management Co. Ltd. boosted its holdings in shares of Cintas by 28.4% in the 4th quarter. China Universal Asset Management Co. Ltd. now owns 6,563 shares of the business services provider’s stock valued at $1,199,000 after buying an additional 1,450 shares during the last quarter. Mediolanum International Funds Ltd grew its stake in shares of Cintas by 477.6% in the fourth quarter. Mediolanum International Funds Ltd now owns 12,731 shares of the business services provider’s stock valued at $2,333,000 after buying an additional 10,527 shares in the last quarter. Palmer Knight Co increased its holdings in Cintas by 0.4% during the fourth quarter. Palmer Knight Co now owns 45,957 shares of the business services provider’s stock worth $8,396,000 after buying an additional 177 shares during the last quarter. Finally, Gries Financial LLC raised its position in Cintas by 7.2% during the fourth quarter. Gries Financial LLC now owns 4,588 shares of the business services provider’s stock worth $838,000 after acquiring an additional 307 shares in the last quarter. Institutional investors own 63.46% of the company’s stock.

Cintas Stock Down 0.8 %

Shares of CTAS opened at $200.57 on Friday. 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 Co. has a 12 month low of $150.48 and a 12 month high of $228.12. The firm’s 50 day moving average is $201.15 and its 200-day moving average is $206.46. The stock has a market capitalization of $80.94 billion, a PE ratio of 48.36, a P/E/G ratio of 3.83 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 EPS for the quarter, topping analysts’ consensus estimates of $1.01 by $0.08. The firm had revenue of $2.56 billion for the quarter, compared to analyst estimates of $2.56 billion. Cintas had a return on equity of 40.62% and a net margin of 17.23%. The company’s revenue was up 7.8% on a year-over-year basis. During the same quarter last year, the company earned $3.61 EPS. Equities research analysts forecast that Cintas Co. will post 4.31 EPS for the current year.

Cintas Announces Dividend

The company also recently disclosed 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 0.78%. Cintas’s dividend payout ratio is 37.59%.

Analyst Ratings Changes

CTAS has been the subject of a number of analyst reports. 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 report on Thursday, December 12th. Royal Bank of Canada restated a “sector perform” rating and issued a $215.00 price objective on shares of Cintas in a research note on Friday, December 20th. Robert W. Baird reduced their target price on Cintas from $209.00 to $200.00 and set a “neutral” rating for the company in a research note on Friday, December 20th. Wells Fargo & Company dropped their price target on Cintas from $191.00 to $184.00 and set an “underweight” rating on the stock in a research note on Friday, December 20th. Finally, Truist Financial decreased their price objective on shares of Cintas from $225.00 to $215.00 and set a “buy” rating on the stock in a report on Friday, December 20th. Two investment analysts have rated the stock with a sell rating, nine have issued a hold rating and six have given a buy rating to the stock. Based on data from MarketBeat.com, the company currently has an average rating of “Hold” and a consensus price target of $198.46.

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.