Apollon Wealth Management LLC Purchases 283 Shares of Cintas Co. (NASDAQ:CTAS)

Apollon Wealth Management LLC raised its position in Cintas Co. (NASDAQ:CTAS) by 0.8% in the 4th quarter, Holdings Channel reports. The firm owned 34,828 shares of the business services provider’s stock after buying an additional 283 shares during the quarter. Apollon Wealth Management LLC’s holdings in Cintas were worth $6,363,000 at the end of the most recent reporting period.

Other hedge funds have also recently made changes to their positions in the company. Vest Financial LLC boosted its stake in shares of Cintas by 5.0% during the fourth quarter. Vest Financial LLC now owns 271,357 shares of the business services provider’s stock valued at $49,577,000 after purchasing an additional 12,880 shares during the period. NatWest Group plc raised its holdings in shares of Cintas by 19.7% during the fourth quarter. NatWest Group plc now owns 62,466 shares of the business services provider’s stock valued at $11,413,000 after acquiring an additional 10,274 shares in the last quarter. Appleton Partners Inc. MA lifted its stake in Cintas by 68.4% in the fourth quarter. Appleton Partners Inc. MA now owns 13,263 shares of the business services provider’s stock worth $2,423,000 after acquiring an additional 5,387 shares during the period. Triasima Portfolio Management inc. bought a new stake in Cintas in the fourth quarter valued at $1,241,000. Finally, Lecap Asset Management Ltd. increased its position in Cintas by 271.1% during the 4th quarter. Lecap Asset Management Ltd. now owns 20,181 shares of the business services provider’s stock valued at $3,687,000 after purchasing an additional 14,743 shares during the period. 63.46% of the stock is currently owned by hedge funds and other institutional investors.

Wall Street Analyst Weigh In

Several equities research analysts have recently commented on the stock. Robert W. Baird cut their target price on shares of Cintas from $209.00 to $200.00 and set a “neutral” rating on the stock in a research note 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 research report on Friday, December 20th. Morgan Stanley boosted their price objective on shares of Cintas from $185.00 to $202.00 and gave the stock an “equal weight” rating in a research note on Thursday, December 12th. The Goldman Sachs Group reduced 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. Finally, Truist Financial dropped their target price on Cintas from $225.00 to $215.00 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 issued a hold rating and six have given a buy rating to the company’s stock. According to MarketBeat.com, the stock currently has an average rating of “Hold” and a consensus price target of $198.46.

Cintas Price Performance

NASDAQ CTAS opened at $202.06 on Friday. Cintas Co. has a fifty-two week low of $150.70 and a fifty-two week high of $228.12. 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 company has a market capitalization of $81.54 billion, a PE ratio of 48.72, a price-to-earnings-growth ratio of 3.87 and a beta of 1.38. The business’s fifty day moving average is $199.35 and its 200 day moving average is $206.94.

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 the consensus estimate of $1.01 by $0.08. Cintas had a net margin of 17.23% and a return on equity of 40.62%. The firm had revenue of $2.56 billion for the quarter, compared to the consensus estimate of $2.56 billion. During the same period last year, the firm earned $3.61 EPS. The company’s revenue was up 7.8% on a year-over-year basis. Sell-side analysts predict 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 issued a dividend of $0.39 per share. This represents a $1.56 annualized dividend and a dividend yield of 0.77%. The ex-dividend date of this dividend is Friday, February 14th. Cintas’s dividend payout ratio (DPR) is presently 37.61%.

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.