4,747 Shares in Cintas Co. (NASDAQ:CTAS) Acquired by SVB Wealth LLC

SVB Wealth LLC acquired a new position in shares of Cintas Co. (NASDAQ:CTAS) in the fourth quarter, according to its most recent 13F filing with the SEC. The institutional investor acquired 4,747 shares of the business services provider’s stock, valued at approximately $867,000.

Several other large investors have also recently added to or reduced their stakes in CTAS. First American Bank grew its position in shares of Cintas by 0.6% during the fourth quarter. First American Bank now owns 96,780 shares of the business services provider’s stock worth $17,682,000 after acquiring an additional 600 shares during the last quarter. Schulhoff & Co. Inc. acquired a new position in Cintas during the 4th quarter valued at about $258,000. Alphinity Investment Management Pty Ltd grew its position in Cintas by 70.2% in the 4th quarter. Alphinity Investment Management Pty Ltd now owns 20,978 shares of the business services provider’s stock worth $3,833,000 after purchasing an additional 8,650 shares during the last quarter. Versor Investments LP grew its position in Cintas by 42.0% in the 4th quarter. Versor Investments LP now owns 1,468 shares of the business services provider’s stock worth $268,000 after purchasing an additional 434 shares during the last quarter. Finally, Proficio Capital Partners LLC acquired a new stake in shares of Cintas in the fourth quarter valued at approximately $53,902,000. 63.46% of the stock is owned by institutional investors and hedge funds.

Wall Street Analysts Forecast Growth

A number of equities analysts recently issued reports on the company. Robert W. Baird decreased their price objective on Cintas from $209.00 to $200.00 and set a “neutral” rating for the company in a report on Friday, December 20th. Truist Financial decreased their price target on Cintas from $225.00 to $215.00 and set a “buy” rating for the company in a research note on Friday, December 20th. Morgan Stanley raised their price target on Cintas from $185.00 to $202.00 and gave the company an “equal weight” rating in a report on Thursday, December 12th. Wells Fargo & Company reduced their price objective on shares of Cintas from $191.00 to $184.00 and set an “underweight” rating for the company in a report on Friday, December 20th. Finally, 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. Two investment analysts have rated the stock with a sell rating, nine have assigned a hold rating and six have given a buy rating to the company. According to MarketBeat, Cintas has a consensus rating of “Hold” and a consensus price target of $199.79.

Cintas Trading Down 0.0 %

Cintas stock opened at $207.43 on Tuesday. The firm has a market cap of $83.71 billion, a price-to-earnings ratio of 50.01, a price-to-earnings-growth ratio of 3.98 and a beta of 1.38. Cintas Co. has a 1 year low of $154.15 and a 1 year high of $228.12. The firm’s 50 day moving average price is $197.54 and its two-hundred day moving average price is $209.05. The company has a debt-to-equity ratio of 0.47, a quick ratio of 1.38 and a current ratio of 1.58.

Cintas (NASDAQ:CTAS) last issued its earnings results on Thursday, December 19th. The business services provider reported $1.09 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $1.01 by $0.08. Cintas had a return on equity of 40.62% and a net margin of 17.23%. The business had revenue of $2.56 billion for the quarter, compared to analysts’ expectations of $2.56 billion. During the same period in the previous year, the firm posted $3.61 EPS. The company’s quarterly revenue was up 7.8% on a year-over-year basis. On average, research analysts predict that Cintas Co. will post 4.31 EPS for the current fiscal year.

Cintas Dividend Announcement

The company also recently disclosed a quarterly dividend, which will be paid on Friday, March 14th. Shareholders of record on Friday, February 14th will be paid a dividend of $0.39 per share. This represents a $1.56 dividend on an annualized basis and a yield of 0.75%. The ex-dividend date is Friday, February 14th. Cintas’s dividend payout ratio is presently 37.59%.

About Cintas

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.