Gries Financial LLC Acquires 307 Shares of Cintas Co. (NASDAQ:CTAS)

Gries Financial LLC raised its holdings in shares of Cintas Co. (NASDAQ:CTAS) by 7.2% in the 4th quarter, according to its most recent filing with the Securities & Exchange Commission. The institutional investor owned 4,588 shares of the business services provider’s stock after acquiring an additional 307 shares during the quarter. Gries Financial LLC’s holdings in Cintas were worth $838,000 at the end of the most recent reporting period.

Several other hedge funds also recently made changes to their positions in CTAS. Algert Global LLC acquired a new stake in Cintas during the 2nd quarter valued at $328,000. NewEdge Advisors LLC lifted its holdings in Cintas by 21.0% during the 2nd quarter. NewEdge Advisors LLC now owns 3,394 shares of the business services provider’s stock valued at $2,377,000 after purchasing an additional 589 shares during the last quarter. Quarry LP lifted its holdings in Cintas by 500.0% during the 2nd quarter. Quarry LP now owns 108 shares of the business services provider’s stock valued at $76,000 after purchasing an additional 90 shares during the last quarter. B. Riley Wealth Advisors Inc. lifted its holdings in Cintas by 18.4% during the 2nd quarter. B. Riley Wealth Advisors Inc. now owns 547 shares of the business services provider’s stock valued at $383,000 after purchasing an additional 85 shares during the last quarter. Finally, Advisory Alpha LLC acquired a new stake in Cintas during the 2nd quarter valued at $248,000. 63.46% of the stock is owned by institutional investors.

Cintas Stock Down 0.9 %

Shares of NASDAQ:CTAS opened at $198.56 on Thursday. The company has a market capitalization of $80.13 billion, a PE ratio of 47.87, a price-to-earnings-growth ratio of 3.84 and a beta of 1.37. 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 fifty day moving average price of $202.36 and a two-hundred day moving average price of $206.39. Cintas Co. has a 1 year low of $149.70 and a 1 year high of $228.12.

Cintas (NASDAQ:CTAS) last issued its quarterly earnings results on Thursday, December 19th. The business services provider reported $1.09 EPS for the quarter, beating analysts’ consensus estimates of $1.01 by $0.08. Cintas had a return on equity of 40.62% and a net margin of 17.23%. The firm had revenue of $2.56 billion for the quarter, compared to analysts’ expectations of $2.56 billion. During the same quarter in the prior year, the firm earned $3.61 EPS. The business’s revenue for the quarter was up 7.8% compared to the same quarter last year. Analysts forecast that Cintas Co. will post 4.31 earnings per share for the current year.

Cintas Dividend Announcement

The company also recently disclosed a quarterly dividend, which will be paid on Friday, March 14th. Stockholders of record on Friday, February 14th will be given 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 0.79%. Cintas’s dividend payout ratio (DPR) is presently 37.61%.

Analyst Upgrades and Downgrades

A number of research firms have recently weighed in on CTAS. Royal Bank of Canada reissued a “sector perform” rating and set a $215.00 target price on shares of Cintas in a report on Friday, December 20th. UBS Group decreased their price target on Cintas from $240.00 to $218.00 and set a “buy” rating on the stock in a research report on Friday, December 20th. Wells Fargo & Company decreased their price target on 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 raised their price target on Cintas from $185.00 to $202.00 and gave the stock an “equal weight” rating in a research report on Thursday, December 12th. Finally, 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 report on Friday, December 20th. Two research analysts have rated the stock with a sell rating, nine have assigned a hold rating and six have issued a buy rating to the company’s stock. According to MarketBeat.com, Cintas has a consensus rating of “Hold” and an average price target of $198.46.

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.