MONECO Advisors LLC Has $578,000 Stock Position in Cintas Co. (NASDAQ:CTAS)

MONECO Advisors LLC raised its position in shares of Cintas Co. (NASDAQ:CTAS) by 12.6% in the 4th quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 3,166 shares of the business services provider’s stock after purchasing an additional 355 shares during the period. MONECO Advisors LLC’s holdings in Cintas were worth $578,000 at the end of the most recent reporting period.

Other institutional investors have also added to or reduced their stakes in the company. Financial Management Professionals Inc. raised its position in Cintas by 341.4% during the third quarter. Financial Management Professionals Inc. now owns 128 shares of the business services provider’s stock valued at $26,000 after purchasing an additional 99 shares in the last quarter. Hollencrest Capital Management raised its position in Cintas by 433.3% during the third quarter. Hollencrest Capital Management now owns 128 shares of the business services provider’s stock valued at $26,000 after purchasing an additional 104 shares in the last quarter. Sound Income Strategies LLC acquired a new position in Cintas during the fourth quarter valued at approximately $27,000. Addison Advisors LLC raised its position in Cintas by 495.7% during the third quarter. Addison Advisors LLC now owns 137 shares of the business services provider’s stock valued at $28,000 after purchasing an additional 114 shares in the last quarter. Finally, Endeavor Private Wealth Inc. acquired a new position in Cintas during the fourth quarter valued at approximately $31,000. 63.46% of the stock is currently owned by institutional investors and hedge funds.

Cintas Stock Performance

Shares of Cintas stock opened at $203.35 on Tuesday. 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 twelve month low of $154.15 and a twelve month high of $228.12. The stock has a market cap of $82.06 billion, a price-to-earnings ratio of 49.03, a P/E/G ratio of 3.98 and a beta of 1.38. The company’s fifty day moving average is $196.36 and its 200 day moving average is $208.51.

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

Cintas Dividend Announcement

The company also recently declared a quarterly dividend, which will be paid on Friday, March 14th. Shareholders of record on Friday, February 14th will be given a dividend of $0.39 per share. The ex-dividend date is Friday, February 14th. This represents a $1.56 dividend on an annualized basis and a yield of 0.77%. Cintas’s dividend payout ratio (DPR) is currently 37.59%.

Wall Street Analyst Weigh In

Several brokerages have recently issued reports on CTAS. Wells Fargo & Company lowered their price target 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. Citigroup began coverage on shares of Cintas in a report on Monday. They set a “sell” rating and a $161.00 price target for the company. Robert W. Baird lowered their price target on shares of Cintas from $209.00 to $200.00 and set a “neutral” rating for the company in a report on Friday, December 20th. Truist Financial lowered their price target on shares of Cintas from $225.00 to $215.00 and set a “buy” rating for the company in a report on Friday, December 20th. Finally, Royal Bank of Canada reiterated a “sector perform” rating and set a $215.00 price target on shares of Cintas in a report on Friday, December 20th. Two 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 stock. According to data from MarketBeat.com, the stock has an average rating of “Hold” and a consensus target price of $199.79.

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.