Physician Wealth Advisors Inc. Purchases New Holdings in Cintas Co. (NASDAQ:CTAS)

Physician Wealth Advisors Inc. acquired a new position in shares of Cintas Co. (NASDAQ:CTAS) during the 4th quarter, according to its most recent filing with the Securities and Exchange Commission. The fund acquired 321 shares of the business services provider’s stock, valued at approximately $59,000.

Several other large investors also recently added to or reduced their stakes in CTAS. State Street Corp raised its position in Cintas by 299.3% during the third quarter. State Street Corp now owns 14,555,558 shares of the business services provider’s stock valued at $2,996,697,000 after buying an additional 10,910,285 shares during the period. Geode Capital Management LLC increased its holdings in shares of Cintas by 309.7% in the 3rd quarter. Geode Capital Management LLC now owns 8,248,271 shares of the business services provider’s stock valued at $1,693,654,000 after purchasing an additional 6,235,052 shares during the period. Norges Bank purchased a new stake in shares of Cintas in the fourth quarter worth approximately $877,216,000. Franklin Resources Inc. lifted its position in Cintas by 264.7% in the 3rd quarter. Franklin Resources Inc. now owns 3,279,029 shares of the business services provider’s stock worth $693,503,000 after buying an additional 2,379,932 shares in the last quarter. Finally, JPMorgan Chase & Co. boosted its stake in shares of Cintas by 137.5% during the 3rd quarter. JPMorgan Chase & Co. now owns 2,222,527 shares of the business services provider’s stock valued at $457,574,000 after buying an additional 1,286,668 shares during the period. 63.46% of the stock is owned by institutional investors and hedge funds.

Analyst Ratings Changes

Several brokerages have recently issued reports on CTAS. Royal Bank of Canada reiterated a “sector perform” rating and set a $215.00 price target on shares of Cintas in a report on Thursday, March 27th. Truist Financial increased their price target on shares of Cintas from $215.00 to $230.00 and gave the stock a “buy” rating in a research note on Thursday, March 27th. Morgan Stanley lifted their price objective on shares of Cintas from $195.00 to $213.00 and gave the company an “equal weight” rating in a research note on Thursday, March 27th. The Goldman Sachs Group raised their target price on Cintas from $211.00 to $233.00 and gave the company a “buy” rating in a report on Thursday, March 27th. Finally, Citigroup initiated coverage on Cintas in a research note on Monday, February 24th. They issued a “sell” rating and a $161.00 price objective on the stock. Two investment analysts have rated the stock with a sell rating, eight have issued a hold rating and five have assigned a buy rating to the company’s stock. Based on data from MarketBeat, Cintas presently has a consensus rating of “Hold” and an average target price of $210.58.

Cintas Stock Performance

Shares of NASDAQ CTAS opened at $205.53 on Tuesday. Cintas Co. has a one year low of $162.16 and a one year high of $228.12. The company has a current ratio of 1.58, a quick ratio of 1.38 and a debt-to-equity ratio of 0.47. The business has a fifty day simple moving average of $201.15 and a 200 day simple moving average of $204.61. The firm has a market capitalization of $82.94 billion, a price-to-earnings ratio of 49.56, a PEG ratio of 3.98 and a beta of 1.41.

Cintas (NASDAQ:CTAS) last issued its earnings results on Wednesday, March 26th. The business services provider reported $1.13 earnings per share for the quarter, beating the consensus estimate of $1.05 by $0.08. Cintas had a net margin of 17.23% and a return on equity of 40.62%. The business had revenue of $2.61 billion for the quarter, compared to analyst estimates of $2.60 billion. During the same period in the previous year, the business earned $3.84 EPS. The firm’s revenue was up 8.4% on a year-over-year basis. Sell-side analysts expect that Cintas Co. will post 4.31 EPS for the current year.

Cintas Announces Dividend

The business also recently announced a quarterly dividend, which was paid on Friday, March 14th. Investors of record on Friday, February 14th were given a dividend of $0.39 per share. The ex-dividend date of this dividend was Friday, February 14th. This represents a $1.56 annualized dividend and a dividend yield of 0.76%. Cintas’s dividend payout ratio (DPR) is presently 36.11%.

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.