Bleakley Financial Group LLC Decreases Stake in Cintas Co. (NASDAQ:CTAS)

Bleakley Financial Group LLC reduced its holdings in Cintas Co. (NASDAQ:CTAS) by 1.8% during the 4th quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor owned 13,372 shares of the business services provider’s stock after selling 242 shares during the period. Bleakley Financial Group LLC’s holdings in Cintas were worth $2,443,000 as of its most recent filing with the Securities and Exchange Commission.

Several other hedge funds and other institutional investors have also recently modified their holdings of CTAS. Czech National Bank raised its stake in Cintas by 324.7% during the third quarter. Czech National Bank now owns 69,794 shares of the business services provider’s stock worth $14,369,000 after purchasing an additional 53,360 shares during the period. Mather Group LLC. raised its stake in Cintas by 324.4% during the third quarter. Mather Group LLC. now owns 3,879 shares of the business services provider’s stock worth $799,000 after purchasing an additional 2,965 shares during the period. Dynamic Advisor Solutions LLC raised its stake in Cintas by 262.8% during the third quarter. Dynamic Advisor Solutions LLC now owns 1,299 shares of the business services provider’s stock worth $267,000 after purchasing an additional 941 shares during the period. Atomi Financial Group Inc. raised its stake in Cintas by 370.6% during the third quarter. Atomi Financial Group Inc. now owns 3,934 shares of the business services provider’s stock worth $810,000 after purchasing an additional 3,098 shares during the period. Finally, Brookstone Capital Management raised its stake in Cintas by 209.7% during the third quarter. Brookstone Capital Management now owns 1,081 shares of the business services provider’s stock worth $223,000 after purchasing an additional 732 shares during the period. 63.46% of the stock is owned by hedge funds and other institutional investors.

Cintas Price Performance

Shares of CTAS opened at $204.29 on Friday. Cintas Co. has a fifty-two week low of $150.70 and a fifty-two week high of $228.12. The firm’s 50 day moving average price is $199.75 and its 200 day moving average price is $206.95. The company has a market cap of $82.44 billion, a P/E ratio of 49.26, a PEG ratio of 3.87 and a beta of 1.38. 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 announced its quarterly earnings data on Thursday, December 19th. The business services provider reported $1.09 EPS for the quarter, beating analysts’ consensus estimates of $1.01 by $0.08. Cintas had a net margin of 17.23% and a return on equity of 40.62%. The company had revenue of $2.56 billion for the quarter, compared to the consensus estimate of $2.56 billion. During the same period in the prior year, the firm posted $3.61 EPS. The company’s quarterly revenue was up 7.8% compared to the same quarter last year. On average, research analysts forecast that Cintas Co. will post 4.31 earnings per share for the current fiscal year.

Cintas Announces Dividend

The company 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 dividend on an annualized basis and a dividend yield of 0.76%. The ex-dividend date of this dividend is Friday, February 14th. Cintas’s dividend payout ratio is presently 37.61%.

Wall Street Analysts Forecast Growth

A number of equities analysts have commented on the stock. Royal Bank of Canada reaffirmed a “sector perform” rating and set a $215.00 target price on shares of Cintas in a research note on Friday, December 20th. Truist Financial reduced their price target on shares of Cintas from $225.00 to $215.00 and set a “buy” rating on the stock in a research note on Friday, December 20th. Morgan Stanley upped their price objective on shares of Cintas from $185.00 to $202.00 and gave the stock an “equal weight” rating in a report on Thursday, December 12th. UBS Group decreased 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. Finally, Robert W. Baird decreased their price objective on shares of Cintas from $209.00 to $200.00 and set a “neutral” rating on the stock in a report on Friday, December 20th. Two research 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 data from MarketBeat.com, the stock has an average rating of “Hold” and a consensus target price 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.