Compass Capital Corp MA ADV Buys New Position in Cintas Co. (NASDAQ:CTAS)

Compass Capital Corp MA ADV purchased a new stake in Cintas Co. (NASDAQ:CTAS) during the 4th quarter, HoldingsChannel reports. The firm purchased 1,781 shares of the business services provider’s stock, valued at approximately $325,000.

Other hedge funds have also added to or reduced their stakes in the company. Blue Trust Inc. boosted its stake in shares of Cintas by 210.5% during the 3rd quarter. Blue Trust Inc. now owns 1,273 shares of the business services provider’s stock valued at $262,000 after purchasing an additional 863 shares in the last quarter. Allspring Global Investments Holdings LLC lifted its holdings in Cintas by 343.9% in the third quarter. Allspring Global Investments Holdings LLC now owns 111,599 shares of the business services provider’s stock worth $22,976,000 after buying an additional 86,460 shares during the period. Sequoia Financial Advisors LLC boosted its position in Cintas by 349.8% during the 3rd quarter. Sequoia Financial Advisors LLC now owns 5,767 shares of the business services provider’s stock valued at $1,187,000 after acquiring an additional 4,485 shares in the last quarter. Private Advisor Group LLC grew its holdings in shares of Cintas by 273.6% during the 3rd quarter. Private Advisor Group LLC now owns 30,361 shares of the business services provider’s stock worth $6,250,000 after acquiring an additional 22,235 shares during the period. Finally, Commerzbank Aktiengesellschaft FI bought a new position in shares of Cintas in the 3rd quarter worth approximately $271,000. 63.46% of the stock is owned by hedge funds and other institutional investors.

Cintas Price Performance

Shares of CTAS opened at $204.43 on Friday. Cintas Co. has a twelve month low of $154.15 and a twelve month high of $228.12. The company has a market capitalization of $82.50 billion, a P/E ratio of 49.29, a price-to-earnings-growth ratio of 4.02 and a beta of 1.38. The firm has a 50 day moving average of $196.53 and a 200 day moving average of $208.08. 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 issued its earnings results on Thursday, December 19th. The business services provider reported $1.09 EPS for the quarter, beating the consensus estimate of $1.01 by $0.08. Cintas had a return on equity of 40.62% and a net margin of 17.23%. The business had revenue of $2.56 billion for the quarter, compared to the consensus estimate of $2.56 billion. During the same period last year, the business posted $3.61 EPS. The company’s revenue was up 7.8% compared to the same quarter last year. As a group, equities research analysts anticipate that Cintas Co. will post 4.31 earnings per share for the current fiscal year.

Cintas Dividend Announcement

The firm also recently announced a quarterly dividend, which will be paid on Friday, March 14th. Shareholders of record on Friday, February 14th will be given a $0.39 dividend. This represents a $1.56 dividend on an annualized basis and a yield of 0.76%. The ex-dividend date is Friday, February 14th. Cintas’s dividend payout ratio (DPR) is 37.61%.

Analyst Ratings Changes

Several equities research analysts recently weighed in on the company. Robert W. Baird dropped their price target on Cintas from $209.00 to $200.00 and set a “neutral” rating on the stock in a research report on Friday, December 20th. The Goldman Sachs Group dropped their target price on shares of Cintas from $236.00 to $211.00 and set a “buy” rating on the stock in a report on Friday, December 20th. Truist Financial reduced their target price on shares of Cintas from $225.00 to $215.00 and set a “buy” rating on the stock in a research report on Friday, December 20th. Wells Fargo & Company lowered their price target on shares of Cintas from $191.00 to $184.00 and set an “underweight” rating for the company in a research report on Friday, December 20th. Finally, Morgan Stanley upped their price objective on shares of Cintas from $185.00 to $202.00 and gave the stock an “equal weight” rating in a report on Thursday, December 12th. Two equities research analysts have rated the stock with a sell rating, nine have issued a hold rating and six have given a buy rating to the stock. According to data from MarketBeat.com, the company has an average rating of “Hold” and a consensus price target of $198.46.

About Cintas

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.