Promus Capital LLC Acquires New Stake in Cintas Co. (NASDAQ:CTAS)

Promus Capital LLC bought a new stake in Cintas Co. (NASDAQ:CTAS) in the fourth quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The firm bought 796 shares of the business services provider’s stock, valued at approximately $145,000.

A number of other hedge funds and other institutional investors also recently bought and sold shares of CTAS. Hollencrest Capital Management lifted its holdings in Cintas by 433.3% in the third 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 during the period. Sound Income Strategies LLC acquired a new stake in Cintas in the fourth quarter valued at $27,000. Addison Advisors LLC lifted its holdings in Cintas by 495.7% in the third quarter. Addison Advisors LLC now owns 137 shares of the business services provider’s stock valued at $28,000 after acquiring an additional 114 shares during the period. Endeavor Private Wealth Inc. acquired a new stake in Cintas in the fourth quarter valued at $31,000. Finally, Newbridge Financial Services Group Inc. acquired a new stake in Cintas in the fourth quarter valued at $34,000. Institutional investors and hedge funds own 63.46% of the company’s stock.

Cintas Trading Up 0.4 %

Shares of CTAS stock opened at $205.29 on Thursday. The firm has a 50-day moving average price of $198.20 and a 200 day moving average price of $209.12. Cintas Co. has a twelve month low of $154.15 and a twelve month high of $228.12. The company has a market capitalization of $82.84 billion, a price-to-earnings ratio of 49.50, a PEG ratio of 3.98 and a beta of 1.38. The company has a current ratio of 1.58, a quick ratio of 1.38 and a debt-to-equity ratio of 0.47.

Cintas (NASDAQ:CTAS) last announced its earnings results on Thursday, December 19th. The business services provider reported $1.09 earnings per share for the quarter, beating the consensus estimate 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 net margin of 17.23% and a return on equity of 40.62%. The firm’s revenue for the quarter was up 7.8% on a year-over-year basis. During the same quarter in the previous year, the company posted $3.61 EPS. Research analysts forecast that Cintas Co. will post 4.31 earnings per share for the current fiscal year.

Cintas Announces Dividend

The firm also recently declared a quarterly dividend, which will be paid on Friday, March 14th. Shareholders of record on Friday, February 14th will be issued a $0.39 dividend. This represents a $1.56 annualized dividend and a yield of 0.76%. The ex-dividend date of this dividend is Friday, February 14th. Cintas’s dividend payout ratio (DPR) is 37.59%.

Analyst Upgrades and Downgrades

A number of equities research analysts have commented on CTAS shares. Citigroup started coverage on Cintas in a report on Monday, February 24th. They issued a “sell” rating and a $161.00 target price for the company. Robert W. Baird cut their price target on Cintas from $209.00 to $200.00 and set a “neutral” rating for the company in a research note on Friday, December 20th. Truist Financial cut 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. Morgan Stanley lifted their price target on Cintas from $185.00 to $202.00 and gave the stock an “equal weight” rating in a research note on Thursday, December 12th. Finally, Wells Fargo & Company cut their price target on Cintas from $191.00 to $184.00 and set an “underweight” rating for the company in a research note on Friday, December 20th. Two 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. According to data from MarketBeat, the company presently has a consensus rating of “Hold” and a consensus target price of $199.79.

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.