Aubrey Capital Management Ltd Makes New $2.89 Million Investment in Cintas Co. (NASDAQ:CTAS)

Aubrey Capital Management Ltd bought a new position in shares of Cintas Co. (NASDAQ:CTAS - Free Report) in the 4th quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The firm bought 4,800 shares of the business services provider's stock, valued at approximately $2,893,000. Cintas comprises about 1.2% of Aubrey Capital Management Ltd's portfolio, making the stock its 23rd biggest holding.

Several other hedge funds and other institutional investors also recently added to or reduced their stakes in the business. Janiczek Wealth Management LLC boosted its position in shares of Cintas by 113.0% during the fourth quarter. Janiczek Wealth Management LLC now owns 49 shares of the business services provider's stock worth $30,000 after buying an additional 26 shares during the period. Catalyst Capital Advisors LLC lifted its holdings in Cintas by 33.9% during the 3rd quarter. Catalyst Capital Advisors LLC now owns 75 shares of the business services provider's stock worth $36,000 after buying an additional 19 shares during the last quarter. Raleigh Capital Management Inc. lifted its holdings in Cintas by 66.7% during the 3rd quarter. Raleigh Capital Management Inc. now owns 85 shares of the business services provider's stock worth $41,000 after buying an additional 34 shares during the last quarter. Ancora Advisors LLC lifted its holdings in Cintas by 2,833.3% during the 3rd quarter. Ancora Advisors LLC now owns 88 shares of the business services provider's stock worth $43,000 after buying an additional 85 shares during the last quarter. Finally, Operose Advisors LLC lifted its holdings in Cintas by 944.4% during the 3rd quarter. Operose Advisors LLC now owns 94 shares of the business services provider's stock worth $45,000 after buying an additional 85 shares during the last quarter. Institutional investors and hedge funds own 63.46% of the company's stock.

Cintas Stock Performance

CTAS stock traded up $0.98 during trading on Friday, hitting $666.23. The company had a trading volume of 274,164 shares, compared to its average volume of 368,220. The firm has a market cap of $67.54 billion, a PE ratio of 46.01, a price-to-earnings-growth ratio of 3.90 and a beta of 1.27. Cintas Co. has a 1-year low of $440.01 and a 1-year high of $704.84. The firm has a 50-day moving average price of $648.22 and a 200-day moving average price of $593.98. 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 issued its quarterly earnings results on Wednesday, March 27th. The business services provider reported $3.84 earnings per share (EPS) for the quarter, beating the consensus estimate of $3.58 by $0.26. The firm had revenue of $2.41 billion for the quarter, compared to analysts' expectations of $2.39 billion. Cintas had a return on equity of 37.19% and a net margin of 15.98%. The firm's revenue for the quarter was up 9.9% on a year-over-year basis. During the same quarter in the previous year, the firm posted $3.14 EPS. On average, analysts expect that Cintas Co. will post 14.95 earnings per share for the current year.

Cintas Announces Dividend

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

Analyst Ratings Changes

CTAS has been the subject of a number of recent analyst reports. Deutsche Bank Aktiengesellschaft lifted their price target on Cintas from $629.00 to $726.00 and gave the stock a "hold" rating in a report on Thursday, March 28th. The Goldman Sachs Group lifted their price target on Cintas from $673.00 to $765.00 and gave the stock a "buy" rating in a report on Thursday, March 28th. Truist Financial lifted their price target on Cintas from $660.00 to $775.00 and gave the stock a "buy" rating in a report on Thursday, March 28th. Robert W. Baird lifted their price target on Cintas from $660.00 to $750.00 and gave the stock an "outperform" rating in a report on Thursday, March 28th. Finally, StockNews.com upgraded Cintas from a "hold" rating to a "buy" rating in a research report on Monday, March 25th. Six equities research analysts have rated the stock with a hold rating and nine have issued a buy rating to the company. According to data from MarketBeat.com, the stock presently has a consensus rating of "Moderate Buy" and a consensus price target of $661.21.

Cintas 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.