MinichMacGregor Wealth Management LLC Boosts Stake in Cintas Co. (NASDAQ:CTAS)

MinichMacGregor Wealth Management LLC raised its position in Cintas Co. (NASDAQ:CTAS) by 3.2% in the fourth quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The fund owned 42,630 shares of the business services provider’s stock after buying an additional 1,322 shares during the quarter. MinichMacGregor Wealth Management LLC’s holdings in Cintas were worth $7,789,000 as of its most recent filing with the Securities and Exchange Commission.

Several other large investors have also modified their holdings of the company. Raleigh Capital Management Inc. lifted its holdings in shares of Cintas by 61.9% during the fourth quarter. Raleigh Capital Management Inc. now owns 1,091 shares of the business services provider’s stock worth $199,000 after purchasing an additional 417 shares during the period. Wendell David Associates Inc. lifted its holdings in shares of Cintas by 7.4% in the 4th quarter. Wendell David Associates Inc. now owns 1,967 shares of the business services provider’s stock valued at $359,000 after buying an additional 135 shares during the period. Traynor Capital Management Inc. lifted its holdings in shares of Cintas by 13.7% in the 4th quarter. Traynor Capital Management Inc. now owns 16,982 shares of the business services provider’s stock valued at $3,103,000 after buying an additional 2,040 shares during the period. Wesbanco Bank Inc. boosted its stake in shares of Cintas by 27.7% in the fourth quarter. Wesbanco Bank Inc. now owns 1,708 shares of the business services provider’s stock valued at $312,000 after buying an additional 370 shares in the last quarter. Finally, Daymark Wealth Partners LLC grew its holdings in Cintas by 9.9% during the fourth quarter. Daymark Wealth Partners LLC now owns 16,209 shares of the business services provider’s stock worth $2,961,000 after acquiring an additional 1,461 shares during the period. 63.46% of the stock is owned by institutional investors and hedge funds.

Cintas Stock Performance

Shares of NASDAQ CTAS opened at $199.02 on Thursday. 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 company has a market cap of $80.31 billion, a PE ratio of 47.99, a price-to-earnings-growth ratio of 3.89 and a beta of 1.37. The company has a 50-day simple moving average of $203.73 and a 200-day simple moving average of $205.62. Cintas Co. has a 12 month low of $148.75 and a 12 month high of $228.12.

Cintas (NASDAQ:CTAS) last issued its quarterly 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. Cintas had a return on equity of 40.62% and a net margin of 17.23%. The company had revenue of $2.56 billion during the quarter, compared to the consensus estimate of $2.56 billion. During the same period in the previous year, the firm posted $3.61 EPS. Cintas’s revenue was up 7.8% on a year-over-year basis. On average, equities analysts anticipate that Cintas Co. will post 4.31 earnings per share for the current year.

Cintas Dividend Announcement

The firm also recently declared a quarterly dividend, which will be paid on Friday, March 14th. Shareholders of record on Friday, February 14th will be paid a $0.39 dividend. This represents a $1.56 dividend on an annualized basis and a yield of 0.78%. The ex-dividend date is Friday, February 14th. Cintas’s payout ratio is 37.61%.

Wall Street Analyst Weigh In

A number of equities research analysts have commented on the company. Jefferies Financial Group reduced their target price on Cintas from $730.00 to $200.00 and set a “hold” rating for the company in a report on Thursday, September 26th. 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. Barclays upped their target price on shares of Cintas from $210.00 to $245.00 and gave the stock an “overweight” rating in a research report on Friday, September 27th. The Goldman Sachs Group decreased their price target on Cintas from $236.00 to $211.00 and set a “buy” rating on the stock in a research note on Friday, December 20th. Finally, Truist Financial dropped their price objective on Cintas from $225.00 to $215.00 and set a “buy” rating for the company in a research note on Friday, December 20th. 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’s stock. Based on data from MarketBeat, the stock has a consensus rating of “Hold” and an average price target of $198.46.

About Cintas

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.