Toth Financial Advisory Corp Acquires 528 Shares of Cintas Co. (NASDAQ:CTAS)

Toth Financial Advisory Corp raised its holdings in shares of Cintas Co. (NASDAQ:CTAS) by 18.6% in the 4th quarter, HoldingsChannel.com reports. The fund owned 3,364 shares of the business services provider’s stock after purchasing an additional 528 shares during the quarter. Toth Financial Advisory Corp’s holdings in Cintas were worth $615,000 at the end of the most recent quarter.

A number of other large investors also recently made changes to their positions in the stock. Wellington Management Group LLP boosted its holdings in Cintas by 211.7% during the third quarter. Wellington Management Group LLP now owns 778,884 shares of the business services provider’s stock worth $160,357,000 after buying an additional 529,005 shares during the last quarter. KMG Fiduciary Partners LLC boosted its stake in Cintas by 121.8% during the 4th quarter. KMG Fiduciary Partners LLC now owns 11,545 shares of the business services provider’s stock worth $2,109,000 after acquiring an additional 6,341 shares during the last quarter. JPMorgan Chase & Co. grew its holdings in Cintas by 137.5% during the third quarter. JPMorgan Chase & Co. now owns 2,222,527 shares of the business services provider’s stock valued at $457,574,000 after purchasing an additional 1,286,668 shares during the period. Annex Advisory Services LLC increased its stake in 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 purchasing an additional 1,988 shares in the last quarter. Finally, LVM Capital Management Ltd. MI raised its holdings in Cintas by 292.7% in the fourth quarter. LVM Capital Management Ltd. MI now owns 5,482 shares of the business services provider’s stock worth $1,002,000 after purchasing an additional 4,086 shares during the period. Institutional investors and hedge funds own 63.46% of the company’s stock.

Cintas Price Performance

NASDAQ:CTAS opened at $197.39 on Friday. Cintas Co. has a 52-week low of $148.75 and a 52-week high of $228.12. The company has a market cap of $79.65 billion, a P/E ratio of 47.59, a P/E/G ratio of 3.84 and a beta of 1.37. The company has a debt-to-equity ratio of 0.47, a quick ratio of 1.38 and a current ratio of 1.58. The stock’s 50-day simple moving average is $202.99 and its 200 day simple moving average is $205.70.

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, topping 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 firm had revenue of $2.56 billion for the quarter, compared to analyst estimates of $2.56 billion. During the same quarter in the previous year, the firm earned $3.61 EPS. The business’s quarterly revenue was up 7.8% on a year-over-year basis. As a group, sell-side analysts forecast that Cintas Co. will post 4.31 EPS for the current fiscal year.

Cintas Announces Dividend

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%.

Analysts Set New Price Targets

Several equities analysts have recently issued reports on CTAS shares. Wells Fargo & Company decreased their price target on shares of Cintas from $191.00 to $184.00 and set an “underweight” rating for the company in a report on Friday, December 20th. UBS Group lowered their price target on Cintas from $240.00 to $218.00 and set a “buy” rating for the company in a report on Friday, December 20th. Truist Financial cut 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. Robert W. Baird lowered their target price on Cintas from $209.00 to $200.00 and set a “neutral” rating for the company in a research note on Friday, December 20th. Finally, Royal Bank of Canada reaffirmed a “sector perform” rating and issued a $215.00 price target on shares of Cintas in a research note on Friday, December 20th. Two research analysts have rated the stock with a sell rating, nine have given a hold rating and six have issued a buy rating to the company’s stock. Based on data from MarketBeat.com, Cintas has an average rating of “Hold” and a consensus target price of $198.46.

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.