Advisor OS LLC Raises Holdings in Cintas Co. (NASDAQ:CTAS)

Advisor OS LLC raised its holdings in Cintas Co. (NASDAQ:CTAS) by 14.3% during the fourth quarter, according to its most recent disclosure with the Securities & Exchange Commission. The firm owned 3,865 shares of the business services provider’s stock after purchasing an additional 483 shares during the quarter. Advisor OS LLC’s holdings in Cintas were worth $706,000 as of its most recent SEC filing.

Other large investors have also modified their holdings of the company. Lake Street Advisors Group LLC lifted its holdings in shares of Cintas by 17.6% in the 4th quarter. Lake Street Advisors Group LLC now owns 2,242 shares of the business services provider’s stock worth $410,000 after acquiring an additional 336 shares during the last quarter. Illinois Municipal Retirement Fund increased its holdings in Cintas by 4.6% in the 4th quarter. Illinois Municipal Retirement Fund now owns 89,692 shares of the business services provider’s stock valued at $16,387,000 after purchasing an additional 3,927 shares during the last quarter. Amalgamated Bank raised its position in Cintas by 0.9% in the fourth quarter. Amalgamated Bank now owns 79,756 shares of the business services provider’s stock valued at $14,571,000 after purchasing an additional 708 shares during the period. IFP Advisors Inc lifted its stake in Cintas by 66.6% during the fourth quarter. IFP Advisors Inc now owns 4,366 shares of the business services provider’s stock worth $798,000 after purchasing an additional 1,746 shares in the last quarter. Finally, Y Intercept Hong Kong Ltd purchased a new position in shares of Cintas during the fourth quarter worth $6,331,000. Institutional investors and hedge funds own 63.46% of the company’s stock.

Cintas Stock Down 0.7 %

Shares of NASDAQ CTAS opened at $204.31 on Thursday. The business has a 50-day moving average of $196.31 and a two-hundred day moving average of $208.59. The company has a market capitalization of $82.45 billion, a price-to-earnings ratio of 49.26, a price-to-earnings-growth ratio of 3.98 and a beta of 1.38. Cintas Co. has a 1 year low of $154.15 and a 1 year high of $228.12. The company has a debt-to-equity ratio of 0.47, a current ratio of 1.58 and a quick ratio of 1.38.

Cintas (NASDAQ:CTAS) last posted its earnings results on Thursday, December 19th. The business services provider reported $1.09 earnings per share for the quarter, topping 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 firm had revenue of $2.56 billion during the quarter, compared to analysts’ expectations of $2.56 billion. During the same quarter in the previous year, the business earned $3.61 earnings per share. The firm’s revenue was up 7.8% compared to the same quarter last year. On average, analysts forecast that Cintas Co. will post 4.31 earnings per share for the current fiscal year.

Cintas Announces Dividend

The firm also recently declared a quarterly dividend, which will be paid on Friday, March 14th. Investors of record on Friday, February 14th will be paid a dividend of $0.39 per share. This represents a $1.56 dividend on an annualized basis and a yield of 0.76%. The ex-dividend date of this dividend is Friday, February 14th. Cintas’s dividend payout ratio is currently 37.59%.

Wall Street Analysts Forecast Growth

Several equities research analysts recently issued reports on CTAS shares. Royal Bank of Canada reiterated a “sector perform” rating and issued a $215.00 price objective on shares of Cintas in a report on Friday, December 20th. Robert W. Baird cut their price target on shares of Cintas from $209.00 to $200.00 and set a “neutral” rating on the stock in a research note on Friday, December 20th. UBS Group lowered their price objective on shares of Cintas from $240.00 to $218.00 and set a “buy” rating for the company in a research note on Friday, December 20th. Citigroup started coverage on shares of Cintas in a report on Monday. They issued a “sell” rating and a $161.00 price objective for the company. Finally, 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 report on Friday, December 20th. Two analysts have rated the stock with a sell rating, nine have issued a hold rating and six have assigned a buy rating to the company’s stock. According to MarketBeat.com, the company has an average rating of “Hold” and an average target price of $199.79.

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.