Jones Financial Companies Lllp Grows Stock Position in Cintas Co. (NASDAQ:CTAS)

Jones Financial Companies Lllp increased its holdings in Cintas Co. (NASDAQ:CTAS) by 110.3% during the fourth quarter, HoldingsChannel.com reports. The institutional investor owned 19,054 shares of the business services provider’s stock after acquiring an additional 9,992 shares during the quarter. Jones Financial Companies Lllp’s holdings in Cintas were worth $3,481,000 as of its most recent filing with the Securities and Exchange Commission.

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

Wall Street Analysts Forecast Growth

A number of equities research analysts have commented on the stock. Citigroup started coverage on shares of Cintas in a research note on Monday, February 24th. They set a “sell” rating and a $161.00 target price on the stock. Morgan Stanley raised their price objective on shares of Cintas from $185.00 to $202.00 and gave the company an “equal weight” rating in a research report on Thursday, December 12th. The Goldman Sachs Group dropped their target price on shares of Cintas from $236.00 to $211.00 and set a “buy” rating for the company in a report on Friday, December 20th. UBS Group lowered their price objective on Cintas from $240.00 to $218.00 and set a “buy” rating on the stock in a research report on Friday, December 20th. Finally, Truist Financial cut their target price on Cintas from $225.00 to $215.00 and set a “buy” rating for the company in a research report on Friday, December 20th. Two analysts have rated the stock with a sell rating, nine have issued a hold rating and six have assigned a buy rating to the company’s stock. According to MarketBeat.com, Cintas has an average rating of “Hold” and an average price target of $199.79.

Cintas Trading Up 0.4 %

CTAS opened at $205.29 on Thursday. The stock has a 50-day moving average of $198.20 and a 200 day moving average of $209.12. The company has a current ratio of 1.58, a quick ratio of 1.38 and a debt-to-equity ratio of 0.47. Cintas Co. has a 12 month low of $154.15 and a 12 month high of $228.12. The firm has a market cap of $82.84 billion, a P/E ratio of 49.50, a P/E/G ratio of 3.98 and a beta of 1.38.

Cintas (NASDAQ:CTAS) last announced its earnings results on Thursday, December 19th. The business services provider reported $1.09 EPS for the quarter, topping 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 during the quarter, compared to analysts’ expectations of $2.56 billion. During the same quarter in the previous year, the business earned $3.61 EPS. The company’s quarterly revenue was up 7.8% on a year-over-year basis. As a group, research analysts forecast that Cintas Co. will post 4.31 EPS for the current year.

Cintas Announces Dividend

The company also recently disclosed a quarterly dividend, which will be paid on Friday, March 14th. Shareholders of record on Friday, February 14th will be given a dividend of $0.39 per share. This represents a $1.56 dividend on an annualized basis and a yield of 0.76%. The ex-dividend date is Friday, February 14th. Cintas’s dividend payout ratio (DPR) 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.