Wealthspire Advisors LLC Acquires 125 Shares of Cintas Co. (NASDAQ:CTAS)

Wealthspire Advisors LLC boosted its stake in shares of Cintas Co. (NASDAQ:CTAS) by 3.2% during the 4th quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The fund owned 4,081 shares of the business services provider’s stock after acquiring an additional 125 shares during the quarter. Wealthspire Advisors LLC’s holdings in Cintas were worth $746,000 as of its most recent SEC filing.

Other hedge funds and other institutional investors have also added to or reduced their stakes in the company. Guardian Wealth Advisors LLC boosted its holdings in shares of Cintas by 3.1% in the 4th quarter. Guardian Wealth Advisors LLC now owns 1,741 shares of the business services provider’s stock worth $318,000 after purchasing an additional 52 shares during the period. MGB Wealth Management LLC boosted its stake in Cintas by 0.7% during the fourth quarter. MGB Wealth Management LLC now owns 7,248 shares of the business services provider’s stock worth $1,328,000 after buying an additional 52 shares during the period. Aaron Wealth Advisors LLC increased its position in Cintas by 2.0% during the fourth quarter. Aaron Wealth Advisors LLC now owns 2,803 shares of the business services provider’s stock valued at $512,000 after acquiring an additional 55 shares during the last quarter. S.A. Mason LLC raised its stake in shares of Cintas by 3.3% in the fourth quarter. S.A. Mason LLC now owns 1,703 shares of the business services provider’s stock valued at $311,000 after acquiring an additional 55 shares during the period. Finally, Simon Quick Advisors LLC lifted its holdings in shares of Cintas by 5.5% in the 4th quarter. Simon Quick Advisors LLC now owns 1,213 shares of the business services provider’s stock worth $222,000 after acquiring an additional 63 shares during the last quarter. 63.46% of the stock is currently owned by hedge funds and other institutional investors.

Wall Street Analysts Forecast Growth

CTAS has been the topic of several analyst reports. Morgan Stanley upped their price target on shares of Cintas from $185.00 to $202.00 and gave the company an “equal weight” rating in a report on Thursday, December 12th. Wells Fargo & Company cut their target price on Cintas from $191.00 to $184.00 and set an “underweight” rating on the stock in a research note on Friday, December 20th. Citigroup assumed coverage on Cintas in a report on Monday. They issued a “sell” rating and a $161.00 price target on the stock. The Goldman Sachs Group dropped their price objective on Cintas from $236.00 to $211.00 and set a “buy” rating for the company in a report on Friday, December 20th. Finally, Robert W. Baird reduced their target price on Cintas from $209.00 to $200.00 and set a “neutral” rating on the stock in a research note on Friday, December 20th. Two research analysts have rated the stock with a sell rating, nine have given a hold rating and six have assigned a buy rating to the stock. Based on data from MarketBeat.com, the company has an average rating of “Hold” and a consensus price target of $199.79.

Cintas Stock Up 1.2 %

NASDAQ:CTAS opened at $205.82 on Wednesday. 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 firm has a market cap of $83.06 billion, a PE ratio of 49.63, a price-to-earnings-growth ratio of 3.98 and a beta of 1.38. The company has a 50-day moving average of $196.31 and a 200 day moving average of $208.62. Cintas Co. has a 1-year low of $154.15 and a 1-year high of $228.12.

Cintas (NASDAQ:CTAS) last released its quarterly earnings data on Thursday, December 19th. The business services provider reported $1.09 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $1.01 by $0.08. The firm had revenue of $2.56 billion for 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%. The company’s quarterly revenue was up 7.8% on a year-over-year basis. During the same period last year, the firm earned $3.61 earnings per share. As a group, research analysts anticipate that Cintas Co. will post 4.31 EPS for the current fiscal year.

Cintas Announces Dividend

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

Cintas Company 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.