Commerzbank Aktiengesellschaft FI Boosts Stake in Cintas Co. (NASDAQ:CTAS)

Commerzbank Aktiengesellschaft FI raised its position in Cintas Co. (NASDAQ:CTAS) by 49.0% during the fourth quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 1,955 shares of the business services provider’s stock after purchasing an additional 643 shares during the quarter. Commerzbank Aktiengesellschaft FI’s holdings in Cintas were worth $360,000 as of its most recent SEC filing.

Other hedge funds and other institutional investors also recently added to or reduced their stakes in the company. Hollencrest Capital Management increased its position in shares of Cintas by 433.3% during the third quarter. Hollencrest Capital Management now owns 128 shares of the business services provider’s stock worth $26,000 after acquiring an additional 104 shares during the period. Sound Income Strategies LLC purchased a new position in shares of Cintas during the fourth quarter worth approximately $27,000. Addison Advisors LLC increased its position in shares of Cintas by 495.7% during the third quarter. Addison Advisors LLC now owns 137 shares of the business services provider’s stock worth $28,000 after acquiring an additional 114 shares during the period. Endeavor Private Wealth Inc. purchased a new position in shares of Cintas during the fourth quarter worth approximately $31,000. Finally, Newbridge Financial Services Group Inc. purchased a new position in shares of Cintas during the fourth quarter worth approximately $34,000. 63.46% of the stock is owned by hedge funds and other institutional investors.

Cintas Price Performance

Shares of CTAS opened at $205.29 on Thursday. The company has a market cap of $82.84 billion, a price-to-earnings ratio of 49.50, a price-to-earnings-growth ratio of 3.98 and a beta of 1.38. Cintas Co. has a twelve month low of $154.15 and a twelve month high of $228.12. The company has a quick ratio of 1.38, a current ratio of 1.58 and a debt-to-equity ratio of 0.47. The company has a 50 day moving average of $198.20 and a two-hundred day moving average of $209.12.

Cintas (NASDAQ:CTAS) last announced its earnings results 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 company had revenue of $2.56 billion during the quarter, compared to the consensus estimate of $2.56 billion. Cintas had a net margin of 17.23% and a return on equity of 40.62%. Cintas’s revenue was up 7.8% compared to the same quarter last year. During the same period last year, the firm earned $3.61 earnings per share. As a group, analysts predict that Cintas Co. will post 4.31 earnings per share for the current fiscal year.

Cintas Dividend Announcement

The business also recently disclosed a quarterly dividend, which will be paid on Friday, March 14th. Stockholders of record on Friday, February 14th will be paid a dividend of $0.39 per share. The ex-dividend date is Friday, February 14th. This represents a $1.56 annualized dividend and a dividend yield of 0.76%. Cintas’s payout ratio is currently 37.59%.

Analyst Ratings Changes

A number of equities analysts have recently commented on CTAS shares. UBS Group reduced their target price on shares of Cintas from $240.00 to $218.00 and set a “buy” rating on the stock in a research report on Friday, December 20th. The Goldman Sachs Group reduced their target price on shares of Cintas from $236.00 to $211.00 and set a “buy” rating on the stock in a research report on Friday, December 20th. Truist Financial dropped their price objective 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. Wells Fargo & Company dropped their price objective on shares of Cintas from $191.00 to $184.00 and set an “underweight” rating on the stock in a research note on Friday, December 20th. Finally, Citigroup started coverage on shares of Cintas in a research note on Monday, February 24th. They set a “sell” rating and a $161.00 price objective on the stock. Two investment 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. Based on data from MarketBeat.com, the company presently has a consensus rating of “Hold” and a consensus price target of $199.79.

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.