Cintas Co. (NASDAQ:CTAS) Stock Holdings Lifted by Brooklyn Investment Group

Brooklyn Investment Group lifted its stake in shares of Cintas Co. (NASDAQ:CTAS) by 4.8% in the 4th quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The institutional investor owned 2,981 shares of the business services provider’s stock after acquiring an additional 137 shares during the quarter. Brooklyn Investment Group’s holdings in Cintas were worth $545,000 at the end of the most recent reporting period.

A number of other hedge funds have also modified their holdings of CTAS. Merit Financial Group LLC lifted its holdings in shares of Cintas by 199.7% in the fourth quarter. Merit Financial Group LLC now owns 9,718 shares of the business services provider’s stock valued at $1,775,000 after purchasing an additional 6,475 shares in the last quarter. Avanza Fonder AB purchased a new position in Cintas during the 4th quarter valued at about $6,767,000. Wealthcare Advisory Partners LLC increased its holdings in shares of Cintas by 12.7% in the 4th quarter. Wealthcare Advisory Partners LLC now owns 7,445 shares of the business services provider’s stock valued at $1,360,000 after purchasing an additional 838 shares during the period. KMG Fiduciary Partners LLC lifted its position in shares of Cintas by 121.8% in the fourth quarter. KMG Fiduciary Partners LLC now owns 11,545 shares of the business services provider’s stock worth $2,109,000 after purchasing an additional 6,341 shares in the last quarter. Finally, Retireful LLC acquired a new stake in shares of Cintas during the fourth quarter worth approximately $607,000. 63.46% of the stock is currently owned by institutional investors and hedge funds.

Cintas Stock Performance

NASDAQ CTAS opened at $198.31 on Friday. The stock has a market cap of $80.03 billion, a P/E ratio of 47.81, a PEG ratio of 3.65 and a beta of 1.37. The company has a quick ratio of 1.38, a current ratio of 1.58 and a debt-to-equity ratio of 0.47. Cintas Co. has a twelve month low of $146.63 and a twelve month high of $228.12. The company’s 50-day simple moving average is $205.75 and its 200 day simple moving average is $204.76.

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

Cintas Dividend Announcement

The firm also recently declared a quarterly dividend, which will be paid on Friday, March 14th. Investors of record on Friday, February 14th will be issued a dividend of $0.39 per share. The ex-dividend date of this dividend is Friday, February 14th. This represents a $1.56 dividend on an annualized basis and a yield of 0.79%. Cintas’s dividend payout ratio is 37.61%.

Analysts Set New Price Targets

Several research analysts have recently commented on the stock. Robert W. Baird dropped their price target on shares of Cintas from $209.00 to $200.00 and set a “neutral” rating on the stock in a research note on Friday, December 20th. Truist Financial reduced their price target on Cintas from $225.00 to $215.00 and set a “buy” rating for the company in a research report on Friday, December 20th. Morgan Stanley increased their price objective on Cintas from $185.00 to $202.00 and gave the company an “equal weight” rating in a report on Thursday, December 12th. UBS Group reduced their target price on Cintas from $240.00 to $218.00 and set a “buy” rating for the company in a report on Friday, December 20th. Finally, Wells Fargo & Company lowered their price target on Cintas from $191.00 to $184.00 and set an “underweight” rating on the stock in a report on Friday, December 20th. Two investment analysts have rated the stock with a sell rating, nine have issued a hold rating and six have issued a buy rating to the stock. Based on data from MarketBeat.com, the company presently has a consensus rating of “Hold” and a consensus price target of $198.46.

About Cintas

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.