Catalyst Funds Management Pty Ltd Buys 6,300 Shares of Cintas Co. (NASDAQ:CTAS)

Catalyst Funds Management Pty Ltd increased its position in Cintas Co. (NASDAQ:CTAS) by 131.3% during the 4th quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The institutional investor owned 11,100 shares of the business services provider’s stock after purchasing an additional 6,300 shares during the quarter. Catalyst Funds Management Pty Ltd’s holdings in Cintas were worth $2,028,000 as of its most recent SEC filing.

Other hedge funds and other institutional investors also recently bought and sold shares of the company. Sound Income Strategies LLC bought a new position in shares of Cintas during the 4th quarter worth $27,000. Endeavor Private Wealth Inc. purchased a new stake in Cintas in the fourth quarter worth about $31,000. IAG Wealth Partners LLC grew its holdings in Cintas by 136.8% during the 4th quarter. IAG Wealth Partners LLC now owns 180 shares of the business services provider’s stock worth $33,000 after acquiring an additional 104 shares in the last quarter. Newbridge Financial Services Group Inc. purchased a new position in Cintas during the 4th quarter valued at about $34,000. Finally, OFI Invest Asset Management bought a new stake in shares of Cintas in the 4th quarter valued at about $37,000. Institutional investors own 63.46% of the company’s stock.

Cintas Price Performance

Shares of CTAS opened at $192.84 on Friday. The firm has a market capitalization of $77.82 billion, a PE ratio of 46.50, a price-to-earnings-growth ratio of 3.98 and a beta of 1.41. 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’s fifty day moving average price is $200.02 and its 200-day moving average price is $209.07. Cintas Co. has a 1-year low of $155.85 and a 1-year high of $228.12.

Cintas (NASDAQ:CTAS) last posted 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 business had revenue of $2.56 billion for the quarter, compared to the consensus estimate 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% compared to the same quarter last year. On average, equities research analysts predict that Cintas Co. will post 4.31 EPS for the current year.

Cintas Announces Dividend

The firm also recently disclosed a quarterly dividend, which was paid on Friday, March 14th. Shareholders of record on Friday, February 14th were paid a dividend of $0.39 per share. This represents a $1.56 annualized dividend and a yield of 0.81%. The ex-dividend date of this dividend was Friday, February 14th. Cintas’s payout ratio is 37.59%.

Analyst Ratings Changes

A number of equities analysts have recently issued reports on CTAS shares. Wells Fargo & Company dropped their price objective on shares of Cintas from $191.00 to $184.00 and set an “underweight” rating on the stock in a research note on Friday, December 20th. Royal Bank of Canada reiterated a “sector perform” rating and issued a $215.00 price target on shares of Cintas in a report on Friday, December 20th. Truist Financial decreased 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. Robert W. Baird reduced their target price on shares of Cintas from $209.00 to $200.00 and set a “neutral” rating for the company in a report on Friday, December 20th. Finally, Morgan Stanley raised 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. Two investment analysts have rated the stock with a sell rating, nine have issued a hold rating and six have issued a buy rating to the stock. According to MarketBeat, Cintas presently has an average rating of “Hold” and a consensus target price of $199.79.

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.