Moors & Cabot Inc. Acquires 1,195 Shares of Cintas Co. (NASDAQ:CTAS)

Moors & Cabot Inc. boosted its holdings in Cintas Co. (NASDAQ:CTAS) by 13.2% in the 4th quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The fund owned 10,255 shares of the business services provider’s stock after purchasing an additional 1,195 shares during the period. Moors & Cabot Inc.’s holdings in Cintas were worth $1,874,000 at the end of the most recent reporting period.

Other hedge funds have also added to or reduced their stakes in the company. China Universal Asset Management Co. Ltd. lifted its stake in Cintas by 28.4% in the fourth quarter. China Universal Asset Management Co. Ltd. now owns 6,563 shares of the business services provider’s stock worth $1,199,000 after purchasing an additional 1,450 shares during the last quarter. KMG Fiduciary Partners LLC lifted its stake in Cintas by 121.8% in the fourth quarter. KMG Fiduciary Partners LLC now owns 11,545 shares of the business services provider’s stock worth $2,109,000 after purchasing an additional 6,341 shares during the last quarter. Wellington Management Group LLP lifted its stake in Cintas by 211.7% in the third quarter. Wellington Management Group LLP now owns 778,884 shares of the business services provider’s stock worth $160,357,000 after purchasing an additional 529,005 shares during the last quarter. JPMorgan Chase & Co. lifted its stake in Cintas by 137.5% in the third quarter. JPMorgan Chase & Co. now owns 2,222,527 shares of the business services provider’s stock worth $457,574,000 after purchasing an additional 1,286,668 shares during the last quarter. Finally, Annex Advisory Services LLC lifted its stake in Cintas by 1.6% in the fourth quarter. Annex Advisory Services LLC now owns 127,441 shares of the business services provider’s stock worth $23,283,000 after purchasing an additional 1,988 shares during the last quarter. 63.46% of the stock is owned by institutional investors.

Cintas Price Performance

Shares of NASDAQ CTAS opened at $192.21 on Thursday. Cintas Co. has a 1 year low of $154.83 and a 1 year high of $228.12. The company has a debt-to-equity ratio of 0.47, a current ratio of 1.58 and a quick ratio of 1.38. The company’s 50-day moving average is $199.71 and its 200 day moving average is $209.24. The stock has a market capitalization of $77.57 billion, a P/E ratio of 46.34, a P/E/G ratio of 3.98 and a beta of 1.41.

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 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 business had revenue of $2.56 billion for the quarter, compared to analyst estimates of $2.56 billion. During the same quarter in the previous year, the firm posted $3.61 earnings per share. Cintas’s quarterly revenue was up 7.8% on a year-over-year basis. On average, sell-side analysts expect that Cintas Co. will post 4.31 earnings per share for the current year.

Cintas Dividend Announcement

The firm also recently disclosed a quarterly dividend, which will be paid on Friday, March 14th. Investors of record on Friday, February 14th will be paid a dividend of $0.39 per share. This represents a $1.56 annualized dividend and a yield of 0.81%. The ex-dividend date is Friday, February 14th. Cintas’s payout ratio is currently 37.59%.

Wall Street Analyst Weigh In

Several research firms have weighed in on CTAS. Citigroup initiated coverage on shares of Cintas in a research note on Monday, February 24th. They issued a “sell” rating and a $161.00 price target for the company. 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 research report on Friday, December 20th. Royal Bank of Canada restated a “sector perform” rating and issued a $215.00 price objective on shares of Cintas in a research report on Friday, December 20th. Robert W. Baird decreased their price objective on shares of Cintas from $209.00 to $200.00 and set a “neutral” rating on the stock in a research report on Friday, December 20th. Finally, The Goldman Sachs Group decreased their price objective on shares of Cintas from $236.00 to $211.00 and set a “buy” rating on the stock in a research report on Friday, December 20th. Two equities research analysts have rated the stock with a sell rating, nine have assigned a hold rating and six have issued a buy rating to the company’s stock. According to MarketBeat.com, Cintas presently has a consensus rating of “Hold” and a consensus price target of $199.79.

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.