Ritter Daniher Financial Advisory LLC DE Boosts Stock Position in Cintas Co. (NASDAQ:CTAS)

Ritter Daniher Financial Advisory LLC DE increased its stake in Cintas Co. (NASDAQ:CTAS) by 1.2% in the 4th quarter, according to the company in its most recent disclosure with the SEC. The institutional investor owned 17,188 shares of the business services provider’s stock after purchasing an additional 208 shares during the quarter. Cintas comprises about 0.9% of Ritter Daniher Financial Advisory LLC DE’s holdings, making the stock its 18th largest position. Ritter Daniher Financial Advisory LLC DE’s holdings in Cintas were worth $3,140,000 as of its most recent filing with the SEC.

A number of other hedge funds and other institutional investors also recently made changes to their positions in CTAS. Guardian Wealth Advisors LLC boosted its holdings in Cintas by 3.1% in the 4th quarter. Guardian Wealth Advisors LLC now owns 1,741 shares of the business services provider’s stock valued at $318,000 after purchasing an additional 52 shares during the period. MGB Wealth Management LLC increased its position in shares of Cintas by 0.7% in the fourth quarter. MGB Wealth Management LLC now owns 7,248 shares of the business services provider’s stock worth $1,328,000 after purchasing an additional 52 shares during the last quarter. TIAA Trust National Association lifted its position in Cintas by 1.0% during the fourth quarter. TIAA Trust National Association now owns 5,380 shares of the business services provider’s stock valued at $983,000 after purchasing an additional 52 shares during the last quarter. Aaron Wealth Advisors LLC increased its holdings in shares of Cintas by 2.0% in the 4th quarter. Aaron Wealth Advisors LLC now owns 2,803 shares of the business services provider’s stock worth $512,000 after buying an additional 55 shares during the last quarter. Finally, S.A. Mason LLC raised its position in shares of Cintas by 3.3% during the 4th quarter. S.A. Mason LLC now owns 1,703 shares of the business services provider’s stock valued at $311,000 after buying an additional 55 shares in the last quarter. 63.46% of the stock is currently owned by institutional investors.

Analysts Set New Price Targets

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

Cintas Price Performance

Shares of Cintas stock opened at $190.33 on Friday. The company has a market cap of $76.81 billion, a PE ratio of 45.89, a P/E/G ratio of 3.98 and a beta of 1.41. The business has a 50 day moving average of $201.48 and a 200 day moving average of $204.55. Cintas Co. has a 52 week low of $162.16 and a 52 week high of $228.12. 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 (NASDAQ:CTAS) last announced its earnings results on Wednesday, March 26th. The business services provider reported $1.13 earnings per share 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 firm had revenue of $2.61 billion for the quarter, compared to analyst estimates of $2.60 billion. During the same quarter in the previous year, the firm posted $3.84 EPS. The company’s revenue for the quarter was up 8.4% compared to the same quarter last year. As a group, equities research analysts forecast that Cintas Co. will post 4.31 earnings per share for the current year.

Cintas Announces Dividend

The company also recently declared a quarterly dividend, which was paid on Friday, March 14th. Investors of record on Friday, February 14th were given 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 0.82%. Cintas’s dividend payout ratio is presently 36.11%.

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.