Federated Hermes Inc. raised its position in Cintas Co. (NASDAQ:CTAS – Free Report) by 19.2% during the 4th quarter, according to its most recent filing with the SEC. The institutional investor owned 92,434 shares of the business services provider’s stock after acquiring an additional 14,917 shares during the period. Federated Hermes Inc. owned about 0.09% of Cintas worth $55,706,000 as of its most recent filing with the SEC.
Other institutional investors and hedge funds also recently made changes to their positions in the company. Quarry LP raised its stake in shares of Cintas by 221.1% during the 1st quarter. Quarry LP now owns 61 shares of the business services provider’s stock worth $28,000 after purchasing an additional 42 shares in the last quarter. Janiczek Wealth Management LLC increased its holdings in shares of Cintas by 113.0% during the 4th quarter. Janiczek Wealth Management LLC now owns 49 shares of the business services provider’s stock worth $30,000 after acquiring an additional 26 shares during the last quarter. Catalyst Capital Advisors LLC increased its holdings in shares of Cintas by 33.9% during the 3rd quarter. Catalyst Capital Advisors LLC now owns 75 shares of the business services provider’s stock worth $36,000 after acquiring an additional 19 shares during the last quarter. Sunbelt Securities Inc. acquired a new position in shares of Cintas during the 1st quarter worth approximately $36,000. Finally, Clearstead Advisors LLC acquired a new position in shares of Cintas during the 3rd quarter worth approximately $39,000. Institutional investors own 63.46% of the company’s stock.
Cintas Price Performance
Shares of CTAS traded down $1.15 during trading hours on Friday, hitting $661.29. 390,055 shares of the company were exchanged, compared to its average volume of 380,657. The company has a market cap of $67.03 billion, a price-to-earnings ratio of 45.67, a P/E/G ratio of 3.88 and a beta of 1.27. Cintas Co. has a fifty-two week low of $438.59 and a fifty-two week high of $704.84. The company has a quick ratio of 2.03, a current ratio of 2.38 and a debt-to-equity ratio of 0.58. The firm’s fifty day moving average is $643.04 and its 200 day moving average is $587.23.
Cintas (NASDAQ:CTAS – Get Free Report) last announced its quarterly earnings data on Wednesday, March 27th. The business services provider reported $3.84 earnings per share for the quarter, topping the consensus estimate of $3.58 by $0.26. Cintas had a return on equity of 37.19% and a net margin of 15.98%. The business had revenue of $2.41 billion during the quarter, compared to the consensus estimate of $2.39 billion. During the same period in the prior year, the company earned $3.14 EPS. Cintas’s revenue for the quarter was up 9.9% on a year-over-year basis. On average, equities analysts anticipate that Cintas Co. will post 14.95 earnings per share for the current fiscal year.
Cintas Dividend Announcement
The firm also recently disclosed a quarterly dividend, which will be paid on Friday, June 14th. Investors of record on Wednesday, May 15th will be given a dividend of $1.35 per share. The ex-dividend date is Tuesday, May 14th. This represents a $5.40 annualized dividend and a dividend yield of 0.82%. Cintas’s dividend payout ratio is currently 37.29%.
Wall Street Analyst Weigh In
A number of research analysts recently weighed in on the company. Deutsche Bank Aktiengesellschaft boosted their target price on Cintas from $629.00 to $726.00 and gave the stock a “hold” rating in a report on Thursday, March 28th. Stifel Nicolaus boosted their target price on Cintas from $526.00 to $585.00 and gave the stock a “hold” rating in a report on Friday, December 22nd. The Goldman Sachs Group boosted their target price on Cintas from $673.00 to $765.00 and gave the stock a “buy” rating in a report on Thursday, March 28th. UBS Group upped their price objective on Cintas from $680.00 to $790.00 and gave the company a “buy” rating in a report on Thursday, March 28th. Finally, Truist Financial upped their price objective on Cintas from $660.00 to $775.00 and gave the company a “buy” rating in a report on Thursday, March 28th. Six equities research analysts have rated the stock with a hold rating and nine have given a buy rating to the company’s stock. Based on data from MarketBeat, the stock has a consensus rating of “Moderate Buy” and a consensus price target of $661.21.
Read Our Latest Analysis on CTAS
Cintas Profile
(Free Report)
Cintas Corporation provides 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.
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