Retireful LLC Makes New $607,000 Investment in Cintas Co. (NASDAQ:CTAS)

Retireful LLC bought a new stake in shares of Cintas Co. (NASDAQ:CTAS) in the 4th quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The firm bought 3,324 shares of the business services provider’s stock, valued at approximately $607,000.

A number of other hedge funds have also recently bought and sold shares of CTAS. Ritholtz Wealth Management lifted its stake in Cintas by 1.0% during the fourth quarter. Ritholtz Wealth Management now owns 27,784 shares of the business services provider’s stock valued at $5,076,000 after purchasing an additional 285 shares during the last quarter. Carnegie Investment Counsel lifted its position in shares of Cintas by 4.3% during the 4th quarter. Carnegie Investment Counsel now owns 77,620 shares of the business services provider’s stock valued at $14,181,000 after acquiring an additional 3,180 shares during the last quarter. Argent Capital Management LLC boosted its stake in shares of Cintas by 9.9% during the 4th quarter. Argent Capital Management LLC now owns 33,477 shares of the business services provider’s stock worth $6,116,000 after acquiring an additional 3,004 shares in the last quarter. Outlook Wealth Advisors LLC grew its holdings in shares of Cintas by 10.2% in the 4th quarter. Outlook Wealth Advisors LLC now owns 2,164 shares of the business services provider’s stock worth $395,000 after acquiring an additional 200 shares during the last quarter. Finally, Armstrong Advisory Group Inc. acquired a new stake in shares of Cintas during the fourth quarter worth $64,000. 63.46% of the stock is owned by institutional investors and hedge funds.

Cintas Stock Performance

Shares of NASDAQ CTAS opened at $198.05 on Friday. The business’s 50-day moving average price is $206.18 and its two-hundred day moving average price is $204.81. Cintas Co. has a one year low of $146.29 and a one year high of $228.12. The company has a market capitalization of $79.92 billion, a P/E ratio of 47.75, a price-to-earnings-growth ratio of 3.65 and a beta of 1.37. 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 EPS for the quarter, topping the consensus estimate of $1.01 by $0.08. The company had revenue of $2.56 billion during 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%. The company’s revenue for the quarter was up 7.8% compared to the same quarter last year. During the same period in the previous year, the firm posted $3.61 earnings per share. Analysts anticipate that Cintas Co. will post 4.31 earnings per share for the current fiscal year.

Cintas Dividend Announcement

The business also recently declared 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. The ex-dividend date is Friday, February 14th. This represents a $1.56 dividend on an annualized basis and a dividend yield of 0.79%. Cintas’s dividend payout ratio is currently 37.61%.

Analyst Upgrades and Downgrades

A number of equities analysts recently weighed in on CTAS shares. Robert W. Baird decreased their price target on Cintas from $209.00 to $200.00 and set a “neutral” rating for the company in a research report on Friday, December 20th. Truist Financial decreased their target price 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. Royal Bank of Canada reissued a “sector perform” rating and issued a $215.00 target price on shares of Cintas in a research report on Friday, December 20th. Wells Fargo & Company reduced 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, Jefferies Financial Group lowered their price objective on shares of Cintas from $730.00 to $200.00 and set a “hold” rating on the stock in a research report on Thursday, September 26th. Two investment analysts have rated the stock with a sell rating, nine have given a hold rating and six have given a buy rating to the stock. According to MarketBeat.com, Cintas currently has a consensus rating of “Hold” and a consensus target price of $198.46.

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.