Bleakley Financial Group LLC boosted its position in Cintas Co. (NASDAQ:CTAS - Free Report) by 117.7% in the 4th quarter, according to its most recent filing with the SEC. The firm owned 3,224 shares of the business services provider's stock after acquiring an additional 1,743 shares during the period. Bleakley Financial Group LLC's holdings in Cintas were worth $1,943,000 at the end of the most recent reporting period.
A number of other hedge funds also recently made changes to their positions in CTAS. Raymond James Trust N.A. boosted its holdings in shares of Cintas by 10.6% in the 1st quarter. Raymond James Trust N.A. now owns 740 shares of the business services provider's stock valued at $314,000 after purchasing an additional 71 shares during the last quarter. Baird Financial Group Inc. boosted its holdings in shares of Cintas by 16.8% in the 1st quarter. Baird Financial Group Inc. now owns 17,643 shares of the business services provider's stock valued at $7,505,000 after purchasing an additional 2,541 shares during the last quarter. Covestor Ltd boosted its holdings in shares of Cintas by 84.7% in the 1st quarter. Covestor Ltd now owns 327 shares of the business services provider's stock valued at $139,000 after purchasing an additional 150 shares during the last quarter. Mackenzie Financial Corp boosted its holdings in shares of Cintas by 9.3% in the 1st quarter. Mackenzie Financial Corp now owns 7,073 shares of the business services provider's stock valued at $3,009,000 after purchasing an additional 604 shares during the last quarter. Finally, Fuller & Thaler Asset Management Inc. boosted its holdings in shares of Cintas by 19.8% in the 1st quarter. Fuller & Thaler Asset Management Inc. now owns 24,472 shares of the business services provider's stock valued at $10,410,000 after purchasing an additional 4,037 shares during the last quarter. Institutional investors and hedge funds own 63.46% of the company's stock.
Cintas Stock Up 0.0 %
Shares of CTAS traded up $0.17 during midday trading on Thursday, hitting $671.13. The company had a trading volume of 309,507 shares, compared to its average volume of 344,130. The company's 50 day moving average price is $636.33 and its 200 day moving average price is $579.12. The stock has a market cap of $68.03 billion, a price-to-earnings ratio of 46.34, a PEG ratio of 3.97 and a beta of 1.27. Cintas Co. has a 52 week low of $438.59 and a 52 week high of $704.84. The company has a quick ratio of 2.03, a current ratio of 2.38 and a debt-to-equity ratio of 0.58.
Cintas (NASDAQ:CTAS - Get Free Report) last released its earnings results on Wednesday, March 27th. The business services provider reported $3.84 earnings per share for the quarter, topping the consensus estimate of $3.58 by $0.26. The company had revenue of $2.41 billion during the quarter, compared to the consensus estimate of $2.39 billion. Cintas had a net margin of 15.98% and a return on equity of 37.19%. The company's revenue was up 9.9% on a year-over-year basis. During the same quarter in the previous year, the firm earned $3.14 EPS. On average, equities research analysts predict that Cintas Co. will post 14.96 EPS for the current year.
Cintas Announces Dividend
The business also recently announced a quarterly dividend, which will be paid on Friday, June 14th. Stockholders of record on Wednesday, May 15th will be given a $1.35 dividend. This represents a $5.40 annualized dividend and a dividend yield of 0.80%. The ex-dividend date of this dividend is Tuesday, May 14th. Cintas's payout ratio is currently 37.29%.
Wall Street Analyst Weigh In
Several equities analysts recently weighed in on the stock. Truist Financial lifted their target price on shares of Cintas from $660.00 to $775.00 and gave the company a "buy" rating in a report on Thursday, March 28th. StockNews.com upgraded shares of Cintas from a "hold" rating to a "buy" rating in a report on Monday, March 25th. Royal Bank of Canada lifted their target price on shares of Cintas from $675.00 to $725.00 and gave the company an "outperform" rating in a report on Thursday, March 28th. Bank of America lifted their target price on shares of Cintas from $700.00 to $790.00 and gave the company a "buy" rating in a report on Thursday, March 28th. Finally, Robert W. Baird lifted their target price on shares of Cintas from $660.00 to $750.00 and gave the company an "outperform" rating in a report on Thursday, March 28th. Six equities research analysts have rated the stock with a hold rating and nine have assigned a buy rating to the company's stock. According to data from MarketBeat, the company currently has a consensus rating of "Moderate Buy" and a consensus price target of $661.21.
View Our Latest Research Report on CTAS
Cintas Profile
(
Free Report)
Cintas Corporation provides 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.
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