Douglass Winthrop Advisors LLC Has $296,000 Stock Position in Cintas Co. (NASDAQ:CTAS)

Douglass Winthrop Advisors LLC increased its holdings in Cintas Co. (NASDAQ:CTAS) by 300.0% during the third quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund owned 1,440 shares of the business services provider’s stock after acquiring an additional 1,080 shares during the period. Douglass Winthrop Advisors LLC’s holdings in Cintas were worth $296,000 at the end of the most recent quarter.

Other hedge funds have also added to or reduced their stakes in the company. LGT Financial Advisors LLC lifted its holdings in shares of Cintas by 311.1% in the second quarter. LGT Financial Advisors LLC now owns 37 shares of the business services provider’s stock valued at $26,000 after purchasing an additional 28 shares in the last quarter. Financial Management Professionals Inc. lifted its stake in Cintas by 341.4% during the 3rd quarter. Financial Management Professionals Inc. now owns 128 shares of the business services provider’s stock valued at $26,000 after acquiring an additional 99 shares in the last quarter. Hollencrest Capital Management lifted its stake in Cintas by 433.3% during the 3rd quarter. Hollencrest Capital Management now owns 128 shares of the business services provider’s stock valued at $26,000 after acquiring an additional 104 shares in the last quarter. Atwood & Palmer Inc. purchased a new position in Cintas during the 2nd quarter worth $27,000. Finally, Addison Advisors LLC grew its stake in shares of Cintas by 495.7% in the 3rd quarter. Addison Advisors LLC now owns 137 shares of the business services provider’s stock worth $28,000 after acquiring an additional 114 shares in the last quarter. Institutional investors and hedge funds own 63.46% of the company’s stock.

Wall Street Analyst Weigh In

Several research analysts recently weighed in on the stock. Redburn Atlantic initiated coverage on shares of Cintas in a report on Friday, August 9th. They set a “neutral” rating and a $167.50 price target on the stock. UBS Group upped their target price on Cintas from $219.00 to $240.00 and gave the company a “buy” rating in a report on Thursday, September 26th. Truist Financial lifted their price target on Cintas from $212.50 to $225.00 and gave the stock a “buy” rating in a report on Tuesday, September 17th. The Goldman Sachs Group upped their price objective on Cintas from $212.00 to $236.00 and gave the company a “buy” rating in a research note on Thursday, September 26th. Finally, Robert W. Baird lifted their target price on Cintas from $194.00 to $209.00 and gave the stock a “neutral” rating in a research note on Thursday, September 26th. Two research analysts have rated the stock with a sell rating, nine have assigned a hold rating and seven have given a buy rating to the company’s stock. According to data from MarketBeat, Cintas presently has a consensus rating of “Hold” and an average price target of $199.63.

Cintas Trading Up 1.0 %

Shares of CTAS stock opened at $223.90 on Tuesday. The stock has a market capitalization of $90.30 billion, a price-to-earnings ratio of 56.54, a PEG ratio of 4.37 and a beta of 1.32. The company’s fifty day simple moving average is $211.02 and its two-hundred day simple moving average is $197.78. Cintas Co. has a 1 year low of $136.87 and a 1 year high of $227.35. The company has a debt-to-equity ratio of 0.50, a current ratio of 1.53 and a quick ratio of 1.33.

Cintas (NASDAQ:CTAS) last posted its earnings results on Wednesday, September 25th. The business services provider reported $1.10 earnings per share for the quarter, beating analysts’ consensus estimates of $1.00 by $0.10. The business had revenue of $2.50 billion during the quarter, compared to analyst estimates of $2.49 billion. Cintas had a return on equity of 39.56% and a net margin of 16.80%. The company’s quarterly revenue was up 6.8% compared to the same quarter last year. During the same quarter in the previous year, the firm earned $3.70 EPS. As a group, analysts anticipate that Cintas Co. will post 4.23 earnings per share for the current year.

Cintas Dividend Announcement

The business also recently announced a quarterly dividend, which will be paid on Friday, December 13th. Shareholders of record on Friday, November 15th will be given a dividend of $0.39 per share. The ex-dividend date is Friday, November 15th. This represents a $1.56 annualized dividend and a yield of 0.70%. Cintas’s payout ratio is presently 39.39%.

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.