EverSource Wealth Advisors LLC Grows Stock Holdings in Cintas Co. (NASDAQ:CTAS)

EverSource Wealth Advisors LLC boosted its position in shares of Cintas Co. (NASDAQ:CTAS) by 134.4% in the fourth quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 872 shares of the business services provider’s stock after acquiring an additional 500 shares during the quarter. EverSource Wealth Advisors LLC’s holdings in Cintas were worth $159,000 at the end of the most recent quarter.

Other institutional investors also recently bought and sold shares of the company. China Universal Asset Management Co. Ltd. grew its holdings in shares of Cintas by 28.4% in the fourth quarter. China Universal Asset Management Co. Ltd. now owns 6,563 shares of the business services provider’s stock valued at $1,199,000 after purchasing an additional 1,450 shares in the last quarter. KMG Fiduciary Partners LLC boosted its position in Cintas by 121.8% in the 4th quarter. KMG Fiduciary Partners LLC now owns 11,545 shares of the business services provider’s stock valued at $2,109,000 after buying an additional 6,341 shares during the period. Wellington Management Group LLP grew its stake in shares of Cintas by 211.7% in the third quarter. Wellington Management Group LLP now owns 778,884 shares of the business services provider’s stock worth $160,357,000 after acquiring an additional 529,005 shares in the last quarter. JPMorgan Chase & Co. increased its position in shares of Cintas by 137.5% during the third quarter. JPMorgan Chase & Co. now owns 2,222,527 shares of the business services provider’s stock worth $457,574,000 after acquiring an additional 1,286,668 shares during the period. Finally, Annex Advisory Services LLC raised its stake in shares of Cintas by 1.6% in the fourth quarter. Annex Advisory Services LLC now owns 127,441 shares of the business services provider’s stock valued at $23,283,000 after acquiring an additional 1,988 shares in the last quarter. 63.46% of the stock is owned by institutional investors and hedge funds.

Wall Street Analysts Forecast Growth

Several research analysts recently commented on the company. Royal Bank of Canada reissued a “sector perform” rating and set a $215.00 target price on shares of Cintas in a research note on Friday, December 20th. The Goldman Sachs Group lowered their price objective on Cintas from $236.00 to $211.00 and set a “buy” rating for the company in a research report on Friday, December 20th. Wells Fargo & Company reduced their target price on shares of Cintas from $191.00 to $184.00 and set an “underweight” rating on the stock in a report on Friday, December 20th. Robert W. Baird lowered their price target on shares of Cintas from $209.00 to $200.00 and set a “neutral” rating for the company in a report on Friday, December 20th. Finally, UBS Group reduced their price objective on shares of Cintas from $240.00 to $218.00 and set a “buy” rating on the stock in a report on Friday, December 20th. Two analysts have rated the stock with a sell rating, nine have assigned a hold rating and six have given a buy rating to the company’s stock. According to data from MarketBeat, Cintas currently has a consensus rating of “Hold” and an average price target of $199.79.

Cintas Stock Up 1.2 %

Shares of NASDAQ CTAS opened at $195.17 on Tuesday. The business has a 50-day moving average price of $200.22 and a 200 day moving average price of $209.17. The stock has a market cap of $78.76 billion, a PE ratio of 47.06, a price-to-earnings-growth ratio of 3.98 and a beta of 1.41. 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 52-week low of $155.89 and a 52-week high of $228.12.

Cintas (NASDAQ:CTAS) last posted its quarterly earnings data 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 business 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 company’s revenue was up 7.8% compared to the same quarter last year. During the same period in the prior year, the company earned $3.61 earnings per share. Equities research analysts forecast that Cintas Co. will post 4.31 earnings per share for the current year.

Cintas Dividend Announcement

The firm also recently disclosed a quarterly dividend, which was paid on Friday, March 14th. Shareholders of record on Friday, February 14th were paid a $0.39 dividend. The ex-dividend date of this dividend was Friday, February 14th. This represents a $1.56 dividend on an annualized basis and a yield of 0.80%. Cintas’s dividend payout ratio is presently 37.59%.

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.