Cintas Co. (NASDAQ:CTAS) Stake Raised by Federated Hermes Inc.

Federated Hermes Inc. grew its holdings in shares of Cintas Co. (NASDAQ:CTAS) by 19.2% in the 4th quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The institutional investor owned 92,434 shares of the business services provider’s stock after purchasing an additional 14,917 shares during the period. Federated Hermes Inc. owned approximately 0.09% of Cintas worth $55,706,000 as of its most recent filing with the Securities and Exchange Commission.

Other hedge funds also recently made changes to their positions in the company. Quarry LP boosted its position in shares of Cintas by 221.1% in the 1st quarter. Quarry LP now owns 61 shares of the business services provider’s stock valued at $28,000 after purchasing an additional 42 shares during the period. Janiczek Wealth Management LLC boosted its holdings in shares of Cintas by 113.0% in 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 increased its position in shares of Cintas by 33.9% in the third quarter. Catalyst Capital Advisors LLC now owns 75 shares of the business services provider’s stock worth $36,000 after acquiring an additional 19 shares in the last quarter. Sunbelt Securities Inc. purchased a new position in shares of Cintas in the first quarter worth approximately $36,000. Finally, Clearstead Advisors LLC acquired a new stake in shares of Cintas during the third quarter valued at approximately $39,000. Institutional investors and hedge funds own 63.46% of the company’s stock.

Analyst Upgrades and Downgrades

Several equities analysts have weighed in on the stock. JPMorgan Chase & Co. lifted their price objective on shares of Cintas from $540.00 to $640.00 and gave the stock an “overweight” rating in a research report on Friday, December 22nd. The Goldman Sachs Group upped their price target on Cintas from $673.00 to $765.00 and gave the company a “buy” rating in a research report on Thursday, March 28th. Royal Bank of Canada raised their price objective on Cintas from $675.00 to $725.00 and gave the stock an “outperform” rating in a research report on Thursday, March 28th. Deutsche Bank Aktiengesellschaft upped their target price on Cintas from $629.00 to $726.00 and gave the company a “hold” rating in a report on Thursday, March 28th. Finally, Oppenheimer restated a “market perform” rating on shares of Cintas in a report on Monday, April 1st. Six investment analysts have rated the stock with a hold rating and nine have assigned a buy rating to the company. Based on data from MarketBeat.com, Cintas currently has a consensus rating of “Moderate Buy” and an average price target of $661.21.

Cintas Stock Down 0.2 %

CTAS stock opened at $661.29 on Friday. The company has a current ratio of 2.38, a quick ratio of 2.03 and a debt-to-equity ratio of 0.58. The firm has a market cap of $67.03 billion, a PE ratio of 45.67, a PEG ratio of 3.88 and a beta of 1.27. Cintas Co. has a 1 year low of $438.59 and a 1 year high of $704.84. The company has a fifty day simple moving average of $643.04 and a 200 day simple moving average of $587.23.

Cintas (NASDAQ:CTAS) last released its quarterly earnings results on Wednesday, March 27th. The business services provider reported $3.84 earnings per share (EPS) for the quarter, topping the consensus estimate of $3.58 by $0.26. Cintas had a return on equity of 37.19% and a net margin of 15.98%. The company had revenue of $2.41 billion during the quarter, compared to the consensus estimate of $2.39 billion. During the same quarter in the prior year, the company posted $3.14 EPS. The firm’s revenue was up 9.9% on a year-over-year basis. Sell-side analysts anticipate that Cintas Co. will post 14.95 EPS for the current fiscal year.

Cintas Announces Dividend

The company also recently disclosed a quarterly dividend, which will be paid on Friday, June 14th. Stockholders of record on Wednesday, May 15th will be paid a $1.35 dividend. This represents a $5.40 dividend on an annualized basis and a dividend yield of 0.82%. The ex-dividend date is Tuesday, May 14th. Cintas’s payout ratio is 37.29%.

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.