Creekmur Asset Management LLC Has $1.08 Million Holdings in Cintas Co. (NASDAQ:CTAS)

Creekmur Asset Management LLC raised its holdings in Cintas Co. (NASDAQ:CTAS) by 2.4% in the fourth quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The firm owned 5,912 shares of the business services provider’s stock after acquiring an additional 139 shares during the period. Creekmur Asset Management LLC’s holdings in Cintas were worth $1,080,000 as of its most recent filing with the Securities and Exchange Commission.

Other institutional investors have also modified their holdings of the company. Sound Income Strategies LLC acquired a new position in Cintas in the 4th quarter worth $27,000. Cyrus J. Lawrence LLC acquired a new stake in shares of Cintas in the fourth quarter valued at approximately $29,000. Endeavor Private Wealth Inc. acquired a new position in Cintas during the fourth quarter worth $31,000. IAG Wealth Partners LLC grew its position in Cintas by 136.8% in the fourth quarter. IAG Wealth Partners LLC now owns 180 shares of the business services provider’s stock valued at $33,000 after purchasing an additional 104 shares in the last quarter. Finally, Newbridge Financial Services Group Inc. bought a new stake in Cintas during the 4th quarter worth about $34,000. Institutional investors own 63.46% of the company’s stock.

Analysts Set New Price Targets

Several research analysts recently commented on CTAS shares. UBS Group increased their price target on Cintas from $218.00 to $240.00 and gave the company a “buy” rating in a research report on Thursday, March 27th. Royal Bank of Canada reissued a “sector perform” rating and issued a $215.00 price objective on shares of Cintas in a research report on Thursday, March 27th. Morgan Stanley upped their price target on shares of Cintas from $195.00 to $213.00 and gave the company an “equal weight” rating in a research note on Thursday, March 27th. Robert W. Baird raised their price objective on shares of Cintas from $200.00 to $227.00 and gave the stock a “neutral” rating in a research report on Thursday, March 27th. Finally, The Goldman Sachs Group increased their target price on Cintas from $211.00 to $233.00 and gave the stock a “buy” rating in a research note on Thursday, March 27th. Two equities research analysts have rated the stock with a sell rating, seven have given a hold rating and five have assigned a buy rating to the company. Based on data from MarketBeat, the company presently has a consensus rating of “Hold” and an average target price of $210.58.

Cintas Stock Up 1.1 %

Cintas stock opened at $207.87 on Wednesday. The firm has a 50 day moving average price of $201.29 and a two-hundred day moving average price of $204.61. 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 Co. has a 52-week low of $162.16 and a 52-week high of $228.12. The firm has a market cap of $83.88 billion, a price-to-earnings ratio of 50.12, a PEG ratio of 3.98 and a beta of 1.41.

Cintas (NASDAQ:CTAS) last issued its quarterly earnings results on Wednesday, March 26th. The business services provider reported $1.13 EPS for the quarter, beating analysts’ consensus estimates of $1.05 by $0.08. Cintas had a net margin of 17.23% and a return on equity of 40.62%. The business had revenue of $2.61 billion for the quarter, compared to analysts’ expectations of $2.60 billion. During the same quarter in the prior year, the firm posted $3.84 earnings per share. The business’s quarterly revenue was up 8.4% compared to the same quarter last year. Equities analysts predict that Cintas Co. will post 4.31 EPS for the current year.

Cintas Dividend Announcement

The business also recently disclosed a quarterly dividend, which was paid on Friday, March 14th. Stockholders of record on Friday, February 14th were issued a dividend of $0.39 per share. The ex-dividend date of this dividend was Friday, February 14th. This represents a $1.56 annualized dividend and a dividend yield of 0.75%. Cintas’s dividend payout ratio is currently 36.11%.

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.