Cintas Co. (NASDAQ:CTAS) Shares Purchased by Aaron Wealth Advisors LLC

Aaron Wealth Advisors LLC grew its holdings in shares of Cintas Co. (NASDAQ:CTAS) by 2.0% during the 4th quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The fund owned 2,803 shares of the business services provider’s stock after purchasing an additional 55 shares during the quarter. Aaron Wealth Advisors LLC’s holdings in Cintas were worth $512,000 at the end of the most recent quarter.

A number of other large investors have also modified their holdings of the business. Evergreen Capital Management LLC increased its stake in shares of Cintas by 4.8% in the 2nd quarter. Evergreen Capital Management LLC now owns 827 shares of the business services provider’s stock worth $579,000 after acquiring an additional 38 shares during the last quarter. Mercer Global Advisors Inc. ADV grew its holdings in shares of Cintas by 1.0% in the second quarter. Mercer Global Advisors Inc. ADV now owns 6,664 shares of the business services provider’s stock valued at $5,053,000 after purchasing an additional 65 shares during the period. KPP Advisory Services LLC increased its position in Cintas by 19.6% during the second quarter. KPP Advisory Services LLC now owns 434 shares of the business services provider’s stock worth $304,000 after purchasing an additional 71 shares during the last quarter. First Hawaiian Bank raised its stake in Cintas by 0.4% during the fourth quarter. First Hawaiian Bank now owns 17,105 shares of the business services provider’s stock worth $3,125,000 after purchasing an additional 73 shares during the period. Finally, Bank of New Hampshire boosted its holdings in Cintas by 2.8% in the 4th quarter. Bank of New Hampshire now owns 2,904 shares of the business services provider’s stock valued at $531,000 after purchasing an additional 80 shares during the last quarter. Hedge funds and other institutional investors own 63.46% of the company’s stock.

Cintas Trading Up 0.1 %

NASDAQ:CTAS opened at $198.31 on Monday. Cintas Co. has a 12-month low of $146.63 and a 12-month high of $228.12. The firm has a market cap of $80.03 billion, a PE ratio of 47.81, a price-to-earnings-growth ratio of 3.65 and a beta of 1.37. 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 stock has a fifty day moving average price of $205.21 and a 200 day moving average price of $205.14.

Cintas (NASDAQ:CTAS) last issued its earnings results on Thursday, December 19th. The business services provider reported $1.09 EPS for the quarter, topping analysts’ consensus estimates of $1.01 by $0.08. Cintas had a net margin of 17.23% and a return on equity of 40.62%. The firm had revenue of $2.56 billion during the quarter, compared to the consensus estimate of $2.56 billion. During the same quarter in the previous year, the firm posted $3.61 earnings per share. The company’s revenue was up 7.8% compared to the same quarter last year. Sell-side analysts anticipate that Cintas Co. will post 4.31 earnings per share for the current fiscal year.

Cintas Announces Dividend

The business also recently disclosed a quarterly dividend, which will be paid on Friday, March 14th. Shareholders of record on Friday, February 14th will be paid a $0.39 dividend. The ex-dividend date is Friday, February 14th. This represents a $1.56 annualized dividend and a yield of 0.79%. Cintas’s dividend payout ratio is presently 37.59%.

Wall Street Analysts Forecast Growth

Several analysts have recently commented on the stock. Royal Bank of Canada reaffirmed a “sector perform” rating and set a $215.00 price target on shares of Cintas in a research report on Friday, December 20th. The Goldman Sachs Group reduced their target price on Cintas from $236.00 to $211.00 and set a “buy” rating on the stock in a research report on Friday, December 20th. Jefferies Financial Group cut their price objective on Cintas from $730.00 to $200.00 and set a “hold” rating for the company in a research report on Thursday, September 26th. Morgan Stanley upped their target price on shares of Cintas from $185.00 to $202.00 and gave the company an “equal weight” rating in a research report on Thursday, December 12th. Finally, UBS Group dropped their price target on shares of Cintas from $240.00 to $218.00 and set a “buy” rating for the company in a research report on Friday, December 20th. Two analysts have rated the stock with a sell rating, nine have given a hold rating and six have assigned a buy rating to the stock. According to data from MarketBeat, Cintas presently has a consensus rating of “Hold” and an average target price of $198.46.

Cintas Company 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.