Motley Fool Asset Management LLC Buys 2,794 Shares of Cintas Co. (NASDAQ:CTAS)

Motley Fool Asset Management LLC raised its stake in shares of Cintas Co. (NASDAQ:CTAS) by 14.5% in the fourth quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The fund owned 22,025 shares of the business services provider’s stock after buying an additional 2,794 shares during the quarter. Motley Fool Asset Management LLC’s holdings in Cintas were worth $4,024,000 at the end of the most recent quarter.

Other hedge funds have also added to or reduced their stakes in the company. Sound Income Strategies LLC purchased a new stake in Cintas during the 4th quarter valued at about $27,000. Cyrus J. Lawrence LLC bought a new stake in shares of Cintas in the 4th quarter worth $29,000. Endeavor Private Wealth Inc. bought a new stake in shares of Cintas in the fourth quarter worth approximately $31,000. IAG Wealth Partners LLC grew its holdings in shares of Cintas by 136.8% in the fourth quarter. IAG Wealth Partners LLC now owns 180 shares of the business services provider’s stock worth $33,000 after acquiring an additional 104 shares during the period. Finally, Newbridge Financial Services Group Inc. purchased a new stake in shares of Cintas during the 4th quarter valued at about $34,000. 63.46% of the stock is owned by institutional investors.

Wall Street Analyst Weigh In

A number of equities analysts recently commented on CTAS shares. Royal Bank of Canada reaffirmed a “sector perform” rating and issued a $215.00 target price on shares of Cintas in a report on Thursday, March 27th. The Goldman Sachs Group increased their target price on shares of Cintas from $211.00 to $233.00 and gave the stock a “buy” rating in a report on Thursday, March 27th. UBS Group lifted their price target on shares of Cintas from $218.00 to $240.00 and gave the company a “buy” rating in a report on Thursday, March 27th. Wells Fargo & Company increased their price objective on shares of Cintas from $184.00 to $196.00 and gave the stock an “underweight” rating in a research note on Thursday, March 27th. Finally, Truist Financial upped their target price on shares of Cintas from $215.00 to $230.00 and gave the stock a “buy” rating in a report on Thursday, March 27th. Two research analysts have rated the stock with a sell rating, seven have issued a hold rating and five have given a buy rating to the stock. According to data from MarketBeat.com, the company has a consensus rating of “Hold” and an average price target of $210.58.

Cintas Stock Up 0.4 %

Shares of CTAS opened at $208.67 on Thursday. The company has a quick ratio of 1.38, a current ratio of 1.58 and a debt-to-equity ratio of 0.47. Cintas Co. has a 52-week low of $162.16 and a 52-week high of $228.12. The company has a market cap of $84.21 billion, a PE ratio of 50.31, a P/E/G ratio of 3.98 and a beta of 1.41. The business has a fifty day moving average of $201.48 and a 200 day moving average of $204.64.

Cintas (NASDAQ:CTAS) last issued its earnings results on Wednesday, March 26th. The business services provider reported $1.13 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $1.05 by $0.08. The firm had revenue of $2.61 billion during the quarter, compared to analyst estimates of $2.60 billion. Cintas had a net margin of 17.23% and a return on equity of 40.62%. The business’s revenue was up 8.4% on a year-over-year basis. During the same period in the previous year, the firm earned $3.84 earnings per share. On average, sell-side analysts expect that Cintas Co. will post 4.31 EPS for the current year.

Cintas Dividend Announcement

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

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.