My Legacy Advisors LLC Has $1.94 Million Stock Position in Cintas Co. (NASDAQ:CTAS)

My Legacy Advisors LLC decreased its position in Cintas Co. (NASDAQ:CTAS) by 2.4% during the 4th quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The fund owned 9,893 shares of the business services provider’s stock after selling 248 shares during the period. My Legacy Advisors LLC’s holdings in Cintas were worth $1,936,000 at the end of the most recent quarter.

A number of other hedge funds and other institutional investors have also recently added to or reduced their stakes in the company. Evergreen Capital Management LLC raised its position in shares of Cintas by 4.8% during the 2nd quarter. Evergreen Capital Management LLC now owns 827 shares of the business services provider’s stock valued at $579,000 after acquiring an additional 38 shares during the last quarter. Aaron Wealth Advisors LLC grew its stake in shares of Cintas by 2.0% during the fourth quarter. Aaron Wealth Advisors LLC now owns 2,803 shares of the business services provider’s stock worth $512,000 after purchasing an additional 55 shares during the period. Mercer Global Advisors Inc. ADV increased its holdings in 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 last quarter. KPP Advisory Services LLC lifted its stake in Cintas by 19.6% in the second quarter. KPP Advisory Services LLC now owns 434 shares of the business services provider’s stock valued at $304,000 after buying an additional 71 shares during the period. Finally, First Hawaiian Bank boosted its holdings 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 buying an additional 73 shares during the last quarter. 63.46% of the stock is currently owned by institutional investors and hedge funds.

Cintas Trading Up 0.1 %

NASDAQ:CTAS opened at $198.31 on Friday. The company has a market cap of $80.03 billion, a P/E ratio of 47.81, a price-to-earnings-growth ratio of 3.65 and a beta of 1.37. Cintas Co. has a twelve month low of $146.63 and a twelve month high of $228.12. The business has a 50 day moving average price of $205.21 and a two-hundred day moving average price of $204.93. 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 (NASDAQ:CTAS) last posted its quarterly earnings results on Thursday, December 19th. The business services provider reported $1.09 earnings per share for the quarter, beating analysts’ consensus estimates of $1.01 by $0.08. The firm had revenue of $2.56 billion during the quarter, compared to the consensus estimate of $2.56 billion. Cintas had a return on equity of 40.62% and a net margin of 17.23%. The business’s revenue was up 7.8% compared to the same quarter last year. During the same period last year, the company earned $3.61 earnings per share. As a group, analysts expect that Cintas Co. will post 4.31 EPS for the current fiscal year.

Cintas Dividend Announcement

The company also recently disclosed a quarterly dividend, which will be paid on Friday, March 14th. Stockholders of record on Friday, February 14th will be given a $0.39 dividend. This represents a $1.56 dividend on an annualized basis and a dividend yield of 0.79%. The ex-dividend date of this dividend is Friday, February 14th. Cintas’s dividend payout ratio (DPR) is presently 37.61%.

Analyst Ratings Changes

A number of brokerages have recently commented on CTAS. Truist Financial lowered their price target on Cintas from $225.00 to $215.00 and set a “buy” rating for the company in a research note on Friday, December 20th. Royal Bank of Canada reiterated a “sector perform” rating and issued a $215.00 target price on shares of Cintas in a report on Friday, December 20th. UBS Group decreased their price target on shares of Cintas from $240.00 to $218.00 and set a “buy” rating for the company in a report on Friday, December 20th. Robert W. Baird dropped their price objective on Cintas from $209.00 to $200.00 and set a “neutral” rating on the stock in a research note on Friday, December 20th. Finally, Barclays boosted their target price on Cintas from $210.00 to $245.00 and gave the company an “overweight” rating in a research note on Friday, September 27th. Two research analysts have rated the stock with a sell rating, nine have given a hold rating and six have given a buy rating to the stock. Based on data from MarketBeat.com, the stock has a consensus rating of “Hold” and an average price target of $198.46.

Cintas 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.