Frank Rimerman Advisors LLC Has $1.13 Million Position in Cintas Co. (NASDAQ:CTAS)

Frank Rimerman Advisors LLC boosted its position in shares of Cintas Co. (NASDAQ:CTAS) by 1.0% during the 4th quarter, according to the company in its most recent filing with the SEC. The institutional investor owned 6,167 shares of the business services provider’s stock after buying an additional 59 shares during the quarter. Frank Rimerman Advisors LLC’s holdings in Cintas were worth $1,127,000 as of its most recent SEC filing.

Other hedge funds have also recently bought and sold shares of the company. Clearstead Trust LLC bought a new position in Cintas during the 4th quarter worth approximately $369,000. Catalyst Funds Management Pty Ltd raised its holdings in Cintas by 131.3% in the fourth quarter. Catalyst Funds Management Pty Ltd now owns 11,100 shares of the business services provider’s stock worth $2,028,000 after purchasing an additional 6,300 shares during the period. LBP AM SA bought a new position in shares of Cintas during the fourth quarter worth $2,419,000. Thompson Siegel & Walmsley LLC grew its holdings in shares of Cintas by 7.1% in the 4th quarter. Thompson Siegel & Walmsley LLC now owns 6,120 shares of the business services provider’s stock valued at $1,118,000 after buying an additional 408 shares during the period. Finally, Impact Capital Partners LLC bought a new stake in shares of Cintas in the 4th quarter valued at $292,000. 63.46% of the stock is currently owned by institutional investors.

Cintas Price Performance

NASDAQ:CTAS opened at $192.84 on Friday. The company has a current ratio of 1.58, a quick ratio of 1.38 and a debt-to-equity ratio of 0.47. The firm has a fifty day simple moving average of $200.02 and a 200 day simple moving average of $209.13. Cintas Co. has a 1-year low of $155.89 and a 1-year high of $228.12. The stock has a market capitalization of $77.82 billion, a PE ratio of 46.50, a P/E/G ratio of 3.98 and a beta of 1.41.

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, beating analysts’ consensus estimates of $1.01 by $0.08. Cintas had a net margin of 17.23% and a return on equity of 40.62%. The company had revenue of $2.56 billion for the quarter, compared to analysts’ expectations of $2.56 billion. During the same period in the prior year, the firm earned $3.61 EPS. Cintas’s quarterly revenue was up 7.8% compared to the same quarter last year. On average, research analysts expect that Cintas Co. will post 4.31 EPS for the current fiscal year.

Cintas Dividend Announcement

The business also recently declared a quarterly dividend, which was paid on Friday, March 14th. Investors of record on Friday, February 14th were paid a $0.39 dividend. The ex-dividend date was Friday, February 14th. This represents a $1.56 dividend on an annualized basis and a yield of 0.81%. Cintas’s dividend payout ratio (DPR) is currently 37.59%.

Analyst Ratings Changes

A number of research analysts have issued reports on the company. Robert W. Baird decreased their target price on Cintas from $209.00 to $200.00 and set a “neutral” rating for the company in a research note on Friday, December 20th. The Goldman Sachs Group dropped their target price on shares of Cintas from $236.00 to $211.00 and set a “buy” rating on the stock in a report on Friday, December 20th. Truist Financial reduced 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. Wells Fargo & Company dropped their price objective on shares of Cintas from $191.00 to $184.00 and set an “underweight” rating on the stock in a report on Friday, December 20th. Finally, Citigroup initiated coverage on shares of Cintas in a research note on Monday, February 24th. They issued a “sell” rating and a $161.00 target price for the company. Two research analysts have rated the stock with a sell rating, nine have given a hold rating and six have given a buy rating to the stock. According to MarketBeat.com, the company currently has an average rating of “Hold” and an average target price 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.