Kellett Wealth Advisors LLC Purchases 66 Shares of Cintas Co. (NASDAQ:CTAS)

Kellett Wealth Advisors LLC lifted its position in Cintas Co. (NASDAQ:CTAS) by 8.8% during the 4th quarter, according to its most recent disclosure with the SEC. The fund owned 818 shares of the business services provider’s stock after purchasing an additional 66 shares during the period. Kellett Wealth Advisors LLC’s holdings in Cintas were worth $493,000 as of its most recent SEC filing.

Several other institutional investors and hedge funds have also recently made changes to their positions in the company. Fidelis Capital Partners LLC grew its holdings in shares of Cintas by 4.9% in the fourth quarter. Fidelis Capital Partners LLC now owns 748 shares of the business services provider’s stock worth $451,000 after purchasing an additional 35 shares during the last quarter. AIA Group Ltd boosted its holdings in Cintas by 11.2% in the fourth quarter. AIA Group Ltd now owns 4,441 shares of the business services provider’s stock valued at $2,676,000 after acquiring an additional 446 shares in the last quarter. Federated Hermes Inc. boosted its holdings in Cintas by 19.2% in the fourth quarter. Federated Hermes Inc. now owns 92,434 shares of the business services provider’s stock valued at $55,706,000 after acquiring an additional 14,917 shares in the last quarter. Roman Butler Fullerton & Co. boosted its holdings in Cintas by 18.1% in the fourth quarter. Roman Butler Fullerton & Co. now owns 1,579 shares of the business services provider’s stock valued at $944,000 after acquiring an additional 242 shares in the last quarter. Finally, Livforsakringsbolaget Skandia Omsesidigt boosted its holdings in Cintas by 73.2% in the fourth quarter. Livforsakringsbolaget Skandia Omsesidigt now owns 258 shares of the business services provider’s stock valued at $155,000 after acquiring an additional 109 shares in the last quarter. Institutional investors own 63.46% of the company’s stock.

Analyst Upgrades and Downgrades

Several analysts recently weighed in on CTAS shares. Deutsche Bank Aktiengesellschaft lifted their price target on shares of Cintas from $629.00 to $726.00 and gave the company a “hold” rating in a report on Thursday, March 28th. Oppenheimer reiterated a “market perform” rating on shares of Cintas in a report on Monday, April 1st. Barclays lifted their price target on shares of Cintas from $630.00 to $700.00 and gave the company an “overweight” rating in a report on Thursday, February 29th. Robert W. Baird raised their price objective on Cintas from $660.00 to $750.00 and gave the company an “outperform” rating in a research report on Thursday, March 28th. Finally, Royal Bank of Canada raised their price objective on Cintas from $675.00 to $725.00 and gave the company an “outperform” rating in a research report on Thursday, March 28th. Six equities research analysts have rated the stock with a hold rating and nine have assigned a buy rating to the company’s stock. Based on data from MarketBeat.com, the company presently has a consensus rating of “Moderate Buy” and an average target price of $661.21.

Cintas Stock Performance

NASDAQ:CTAS traded down $6.07 during mid-day trading on Thursday, reaching $662.44. The company’s stock had a trading volume of 212,161 shares, compared to its average volume of 342,981. Cintas Co. has a 12-month low of $438.59 and a 12-month high of $704.84. The firm’s fifty day moving average price is $641.27 and its two-hundred day moving average price is $585.47. The company has a current ratio of 2.38, a quick ratio of 2.03 and a debt-to-equity ratio of 0.58. The stock has a market cap of $67.15 billion, a P/E ratio of 45.94, a PEG ratio of 3.90 and a beta of 1.27.

Cintas (NASDAQ:CTAS) last issued its earnings results on Wednesday, March 27th. The business services provider reported $3.84 earnings per share for the quarter, topping analysts’ consensus estimates 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 analyst estimates of $2.39 billion. During the same quarter in the previous year, the firm earned $3.14 EPS. Cintas’s revenue was up 9.9% on a year-over-year basis. On average, equities analysts forecast that Cintas Co. will post 14.96 EPS for the current fiscal year.

Cintas Dividend Announcement

The company also recently declared a quarterly dividend, which will be paid on Friday, June 14th. Shareholders of record on Wednesday, May 15th will be paid a dividend of $1.35 per share. The ex-dividend date is Tuesday, May 14th. This represents a $5.40 dividend on an annualized basis and a dividend yield of 0.82%. Cintas’s dividend payout ratio is currently 37.29%.

About Cintas

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.