Dakota Wealth Management Raises Position in Cintas Co. (NASDAQ:CTAS)

Dakota Wealth Management grew its stake in Cintas Co. (NASDAQ:CTAS - Free Report) by 320.8% in the 4th quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 18,107 shares of the business services provider's stock after acquiring an additional 13,804 shares during the period. Dakota Wealth Management's holdings in Cintas were worth $10,913,000 at the end of the most recent quarter.

Several other institutional investors and hedge funds have also bought and sold shares of the stock. Janiczek Wealth Management LLC grew its position in shares of Cintas by 113.0% in the 4th quarter. Janiczek Wealth Management LLC now owns 49 shares of the business services provider's stock valued at $30,000 after acquiring an additional 26 shares during the period. Quarry LP increased its position in Cintas by 221.1% during the first quarter. Quarry LP now owns 61 shares of the business services provider's stock worth $28,000 after buying an additional 42 shares during the last quarter. Catalyst Capital Advisors LLC raised its stake in Cintas by 33.9% in the third quarter. Catalyst Capital Advisors LLC now owns 75 shares of the business services provider's stock valued at $36,000 after buying an additional 19 shares during the period. Turtle Creek Wealth Advisors LLC acquired a new stake in shares of Cintas in the fourth quarter valued at approximately $46,000. Finally, Sunbelt Securities Inc. bought a new position in shares of Cintas during the 1st quarter worth approximately $36,000. Institutional investors own 63.46% of the company's stock.

Cintas Price Performance

Shares of Cintas stock traded down $3.69 during trading on Monday, reaching $664.72. 462,023 shares of the company's stock were exchanged, compared to its average volume of 345,063. The firm's 50-day moving average price is $638.38 and its 200 day moving average price is $582.31. The company has a market cap of $67.38 billion, a P/E ratio of 46.23, a PEG ratio of 3.91 and a beta of 1.27. The company has a debt-to-equity ratio of 0.58, a quick ratio of 2.03 and a current ratio of 2.38. Cintas Co. has a 1-year low of $438.59 and a 1-year high of $704.84.

Cintas (NASDAQ:CTAS - Get Free Report) last posted its earnings results on Wednesday, March 27th. The business services provider reported $3.84 EPS for the quarter, topping analysts' consensus estimates of $3.58 by $0.26. The firm had revenue of $2.41 billion during the quarter, compared to analysts' expectations of $2.39 billion. Cintas had a net margin of 15.98% and a return on equity of 37.19%. The business's revenue for the quarter was up 9.9% compared to the same quarter last year. During the same quarter in the prior year, the business earned $3.14 earnings per share. As a group, research analysts anticipate that Cintas Co. will post 14.96 earnings per share for the current year.

Cintas Announces Dividend

The company also recently disclosed a quarterly dividend, which will be paid on Friday, June 14th. Investors of record on Wednesday, May 15th will be issued a dividend of $1.35 per share. This represents a $5.40 annualized dividend and a dividend yield of 0.81%. The ex-dividend date is Tuesday, May 14th. Cintas's dividend payout ratio (DPR) is 37.29%.

Analyst Upgrades and Downgrades

Several equities research analysts have issued reports on the company. Deutsche Bank Aktiengesellschaft raised their price target on Cintas from $629.00 to $726.00 and gave the company a "hold" rating in a report on Thursday, March 28th. UBS Group increased their price target on shares of Cintas from $680.00 to $790.00 and gave the company a "buy" rating in a report on Thursday, March 28th. Barclays upped their target price on Cintas from $630.00 to $700.00 and gave the company an "overweight" rating in a research report on Thursday, February 29th. Royal Bank of Canada lifted their price target on Cintas from $675.00 to $725.00 and gave the stock an "outperform" rating in a report on Thursday, March 28th. Finally, The Goldman Sachs Group upped their price objective on Cintas from $673.00 to $765.00 and gave the company a "buy" rating in a report on Thursday, March 28th. Six equities research analysts have rated the stock with a hold rating and nine have issued a buy rating to the company. According to MarketBeat.com, the company currently has a consensus rating of "Moderate Buy" and a consensus target price of $661.21.

Cintas Company Profile

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.