J.Safra Asset Management Corp Takes Position in Cintas Co. (NASDAQ:CTAS)

J.Safra Asset Management Corp bought a new stake in Cintas Co. (NASDAQ:CTAS) during the fourth quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The firm bought 256 shares of the business services provider’s stock, valued at approximately $47,000.

Other hedge funds have also made changes to their positions in the company. Hollencrest Capital Management increased its stake in Cintas by 433.3% during the 3rd quarter. Hollencrest Capital Management now owns 128 shares of the business services provider’s stock worth $26,000 after buying an additional 104 shares during the period. Sound Income Strategies LLC purchased a new stake in Cintas during the 4th quarter worth $27,000. Addison Advisors LLC increased its stake in Cintas by 495.7% during the 3rd quarter. Addison Advisors LLC now owns 137 shares of the business services provider’s stock worth $28,000 after buying an additional 114 shares during the period. Endeavor Private Wealth Inc. purchased a new stake in Cintas during the 4th quarter worth $31,000. Finally, Newbridge Financial Services Group Inc. purchased a new stake in Cintas during the 4th quarter worth $34,000. Hedge funds and other institutional investors own 63.46% of the company’s stock.

Analyst Ratings Changes

Several brokerages have weighed in on CTAS. The Goldman Sachs Group decreased their price objective on shares of Cintas from $236.00 to $211.00 and set a “buy” rating for the company in a report on Friday, December 20th. UBS Group decreased their price objective on shares of Cintas from $240.00 to $218.00 and set a “buy” rating for the company in a report on Friday, December 20th. Citigroup began coverage on shares of Cintas in a report on Monday, February 24th. They set a “sell” rating and a $161.00 price objective for the company. Robert W. Baird decreased their price objective on shares of Cintas from $209.00 to $200.00 and set a “neutral” rating for the company in a report on Friday, December 20th. Finally, Truist Financial decreased their price objective on shares of Cintas from $225.00 to $215.00 and set a “buy” rating for the company in a report on Friday, December 20th. Two investment analysts have rated the stock with a sell rating, nine have given a hold rating and six have assigned a buy rating to the company. According to data from MarketBeat.com, the stock presently has an average rating of “Hold” and a consensus price target of $199.79.

Cintas Trading Up 0.4 %

Shares of NASDAQ:CTAS opened at $205.29 on Thursday. The company has a market cap of $82.84 billion, a PE ratio of 49.50, a P/E/G ratio of 3.98 and a beta of 1.38. The company’s 50-day moving average price is $198.20 and its 200 day moving average price is $209.12. Cintas Co. has a fifty-two week low of $154.15 and a fifty-two week high of $228.12. 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 quarterly earnings data on Thursday, December 19th. The business services provider reported $1.09 earnings per share for the quarter, beating the consensus estimate of $1.01 by $0.08. The firm had revenue of $2.56 billion for the quarter, compared to the consensus estimate of $2.56 billion. Cintas had a net margin of 17.23% and a return on equity of 40.62%. Cintas’s quarterly revenue was up 7.8% compared to the same quarter last year. During the same period last year, the firm posted $3.61 EPS. Sell-side analysts anticipate that Cintas Co. will post 4.31 earnings per share for the current year.

Cintas Dividend Announcement

The company also recently disclosed a quarterly dividend, which will be paid on Friday, March 14th. Investors of record on Friday, February 14th will be given a $0.39 dividend. The ex-dividend date is Friday, February 14th. This represents a $1.56 annualized dividend and a yield of 0.76%. Cintas’s dividend payout ratio is presently 37.59%.

Cintas Profile

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.