Cintas Co. (NASDAQ:CTAS) Shares Purchased by Donaldson Capital Management LLC

Donaldson Capital Management LLC raised its stake in shares of Cintas Co. (NASDAQ:CTAS) by 4.1% during the fourth quarter, Holdings Channel.com reports. The institutional investor owned 24,912 shares of the business services provider’s stock after buying an additional 983 shares during the period. Donaldson Capital Management LLC’s holdings in Cintas were worth $4,551,000 at the end of the most recent reporting period.

A number of other large investors have also recently bought and sold shares of CTAS. Impax Asset Management Group plc grew its holdings in Cintas by 211.1% during the 3rd quarter. Impax Asset Management Group plc now owns 2,429,272 shares of the business services provider’s stock valued at $499,236,000 after buying an additional 1,648,350 shares during the last quarter. Summit Global Investments grew its holdings in Cintas by 117.4% during the 3rd quarter. Summit Global Investments now owns 1,085 shares of the business services provider’s stock valued at $224,000 after buying an additional 586 shares during the last quarter. Verdence Capital Advisors LLC grew its holdings in Cintas by 295.9% during the 3rd quarter. Verdence Capital Advisors LLC now owns 1,366 shares of the business services provider’s stock valued at $281,000 after buying an additional 1,021 shares during the last quarter. Assetmark Inc. grew its holdings in Cintas by 406.4% during the 3rd quarter. Assetmark Inc. now owns 7,343 shares of the business services provider’s stock valued at $1,512,000 after buying an additional 5,893 shares during the last quarter. Finally, Atria Investments Inc boosted its holdings in shares of Cintas by 291.7% during the third quarter. Atria Investments Inc now owns 22,321 shares of the business services provider’s stock worth $4,595,000 after purchasing an additional 16,623 shares during the last quarter. Institutional investors and hedge funds own 63.46% of the company’s stock.

Cintas Price Performance

Shares of Cintas stock opened at $200.61 on Tuesday. The business’s fifty day moving average price is $199.24 and its 200 day moving average price is $209.36. 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 Co. has a twelve month low of $154.16 and a twelve month high of $228.12. The stock has a market capitalization of $80.95 billion, a P/E ratio of 48.37, a PEG ratio of 3.98 and a beta of 1.41.

Cintas (NASDAQ:CTAS) last released its quarterly earnings data on Thursday, December 19th. The business services provider reported $1.09 EPS for the quarter, beating 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 company had revenue of $2.56 billion for the quarter, compared to analyst estimates of $2.56 billion. During the same period last year, the company posted $3.61 earnings per share. The firm’s revenue was up 7.8% compared to the same quarter last year. As a group, research analysts anticipate that Cintas Co. will post 4.31 earnings per share for the current year.

Cintas Dividend Announcement

The business also recently disclosed a quarterly dividend, which will be paid on Friday, March 14th. Shareholders of record on Friday, February 14th will be given a $0.39 dividend. This represents a $1.56 annualized dividend and a yield of 0.78%. The ex-dividend date is Friday, February 14th. Cintas’s dividend payout ratio (DPR) is presently 37.59%.

Wall Street Analyst Weigh In

Several equities research analysts have recently issued reports on CTAS shares. Royal Bank of Canada restated a “sector perform” rating and set a $215.00 price objective on shares of Cintas in a report on Friday, December 20th. Robert W. Baird decreased their price objective on Cintas from $209.00 to $200.00 and set a “neutral” rating on the stock in a report on Friday, December 20th. Truist Financial decreased their price objective on Cintas from $225.00 to $215.00 and set a “buy” rating on the stock in a report on Friday, December 20th. Citigroup started coverage on Cintas in a report on Monday, February 24th. They set a “sell” rating and a $161.00 price objective on the stock. Finally, The Goldman Sachs Group decreased their price objective on Cintas from $236.00 to $211.00 and set a “buy” rating on the stock in a report on Friday, December 20th. Two investment analysts have rated the stock with a sell rating, nine have assigned a hold rating and six have issued a buy rating to the company’s stock. According to MarketBeat.com, Cintas has an average rating of “Hold” and an average price target of $199.79.

Cintas Company 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.