Physician Wealth Advisors Inc. Purchases New Shares in Cintas Co. (NASDAQ:CTAS)

Physician Wealth Advisors Inc. purchased a new position in Cintas Co. (NASDAQ:CTAS) during the 4th quarter, according to its most recent 13F filing with the SEC. The firm purchased 321 shares of the business services provider’s stock, valued at approximately $59,000.

A number of other institutional investors have also recently bought and sold shares of the company. California Public Employees Retirement System lifted its holdings in Cintas by 8.8% during the fourth quarter. California Public Employees Retirement System now owns 967,917 shares of the business services provider’s stock worth $176,838,000 after acquiring an additional 78,383 shares in the last quarter. Schroder Investment Management Group lifted its holdings in shares of Cintas by 38.2% during the 4th quarter. Schroder Investment Management Group now owns 1,008,418 shares of the business services provider’s stock valued at $184,238,000 after purchasing an additional 278,915 shares in the last quarter. Allianz SE acquired a new position in shares of Cintas in the 4th quarter valued at approximately $15,276,000. Allstate Corp bought a new stake in Cintas during the 4th quarter worth approximately $1,921,000. Finally, Brown Brothers Harriman & Co. lifted its stake in Cintas by 6.3% in the fourth quarter. Brown Brothers Harriman & Co. now owns 9,901 shares of the business services provider’s stock valued at $1,809,000 after buying an additional 591 shares in the last quarter. Institutional investors and hedge funds own 63.46% of the company’s stock.

Cintas Stock Performance

Shares of Cintas stock opened at $205.53 on Tuesday. The company has a debt-to-equity ratio of 0.47, a current ratio of 1.58 and a quick ratio of 1.38. The business has a 50-day simple moving average of $201.15 and a 200 day simple moving average of $204.61. The firm has a market capitalization of $82.94 billion, a price-to-earnings ratio of 49.56, a PEG ratio of 3.98 and a beta of 1.41. Cintas Co. has a one year low of $162.16 and a one year high of $228.12.

Cintas (NASDAQ:CTAS) last released its earnings results on Wednesday, March 26th. The business services provider reported $1.13 earnings per share for the quarter, beating analysts’ consensus estimates of $1.05 by $0.08. The firm had revenue of $2.61 billion during the quarter, compared to the consensus estimate of $2.60 billion. Cintas had a net margin of 17.23% and a return on equity of 40.62%. The company’s revenue was up 8.4% compared to the same quarter last year. During the same period in the prior year, the firm earned $3.84 EPS. On average, research analysts anticipate that Cintas Co. will post 4.31 earnings per share for the current fiscal year.

Cintas Announces Dividend

The firm also recently announced 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 0.76%. Cintas’s dividend payout ratio is currently 36.11%.

Analyst Upgrades and Downgrades

A number of research firms have issued reports on CTAS. Citigroup began coverage on Cintas in a report on Monday, February 24th. They set a “sell” rating and a $161.00 target price for the company. The Goldman Sachs Group lifted their price objective on shares of Cintas from $211.00 to $233.00 and gave the company a “buy” rating in a report on Thursday, March 27th. Wells Fargo & Company increased their price objective on shares of Cintas from $184.00 to $196.00 and gave the stock an “underweight” rating in a research note on Thursday, March 27th. Truist Financial increased their price target on Cintas from $215.00 to $230.00 and gave the company a “buy” rating in a research report on Thursday, March 27th. Finally, Morgan Stanley increased their price objective on shares of Cintas from $195.00 to $213.00 and gave the company an “equal weight” rating in a research report on Thursday, March 27th. Two analysts have rated the stock with a sell rating, eight have assigned a hold rating and five have issued a buy rating to the company’s stock. According to MarketBeat.com, the company currently has a consensus rating of “Hold” and a consensus price target of $210.58.

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.