1,507 Shares in Cintas Co. (NASDAQ:CTAS) Purchased by Atlas Legacy Advisors LLC

Atlas Legacy Advisors LLC acquired a new position in Cintas Co. (NASDAQ:CTAS) during the fourth quarter, according to the company in its most recent disclosure with the SEC. The firm acquired 1,507 shares of the business services provider’s stock, valued at approximately $275,000.

Other large investors have also modified their holdings of the company. Financial Management Professionals Inc. increased its holdings in shares of Cintas by 341.4% in the 3rd quarter. Financial Management Professionals Inc. now owns 128 shares of the business services provider’s stock worth $26,000 after acquiring an additional 99 shares during the period. Hollencrest Capital Management increased its stake in Cintas by 433.3% during the 3rd quarter. Hollencrest Capital Management now owns 128 shares of the business services provider’s stock valued at $26,000 after buying an additional 104 shares during the period. Addison Advisors LLC increased its stake in Cintas by 495.7% during the 3rd quarter. Addison Advisors LLC now owns 137 shares of the business services provider’s stock valued at $28,000 after buying an additional 114 shares during the period. Sound Income Strategies LLC acquired a new position in Cintas during the 4th quarter valued at about $27,000. Finally, Capital Advisors Ltd. LLC increased its stake in Cintas by 321.1% during the 3rd quarter. Capital Advisors Ltd. LLC now owns 160 shares of the business services provider’s stock valued at $33,000 after buying an additional 122 shares during the period. Institutional investors and hedge funds own 63.46% of the company’s stock.

Cintas Stock Performance

Shares of CTAS opened at $208.14 on Thursday. Cintas Co. has a one year low of $152.77 and a one year high of $228.12. The company has a 50-day moving average of $196.78 and a two-hundred day moving average of $207.96. The stock has a market cap of $83.99 billion, a price-to-earnings ratio of 50.18, a PEG ratio of 3.94 and a beta of 1.38. The company has a debt-to-equity ratio of 0.47, a current ratio of 1.58 and a quick ratio of 1.38.

Cintas (NASDAQ:CTAS) last announced its earnings results on Thursday, December 19th. The business services provider reported $1.09 EPS for the quarter, topping 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 company had revenue of $2.56 billion during the quarter, compared to analysts’ expectations of $2.56 billion. During the same period last year, the company posted $3.61 earnings per share. The business’s revenue for the quarter was up 7.8% on a year-over-year basis. On average, equities research analysts expect that Cintas Co. will post 4.31 earnings per share for the current year.

Cintas Dividend Announcement

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 issued a dividend of $0.39 per share. This represents a $1.56 annualized dividend and a dividend yield of 0.75%. The ex-dividend date is Friday, February 14th. Cintas’s dividend payout ratio is currently 37.61%.

Analysts Set New Price Targets

Several research firms have commented on CTAS. Truist Financial lowered 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. UBS Group lowered their target price on shares of Cintas from $240.00 to $218.00 and set a “buy” rating on the stock in a research note on Friday, December 20th. Wells Fargo & Company lowered their target price on shares of Cintas from $191.00 to $184.00 and set an “underweight” rating on the stock in a research note on Friday, December 20th. The Goldman Sachs Group lowered their target price 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. Finally, 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. Two research analysts have rated the stock with a sell rating, nine have issued a hold rating and six have given a buy rating to the company. According to MarketBeat.com, Cintas currently has a consensus rating of “Hold” and a consensus price target of $198.46.

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.