PUREfi Wealth LLC Purchases New Shares in Cintas Co. (NASDAQ:CTAS)

PUREfi Wealth LLC purchased a new stake in Cintas Co. (NASDAQ:CTAS) in the 4th quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The fund purchased 2,640 shares of the business services provider’s stock, valued at approximately $482,000.

Several other institutional investors have also added to or reduced their stakes in CTAS. Financial Management Professionals Inc. lifted its position in shares of Cintas by 341.4% during the 3rd quarter. Financial Management Professionals Inc. now owns 128 shares of the business services provider’s stock valued at $26,000 after acquiring an additional 99 shares during the period. Hollencrest Capital Management lifted its position in shares of Cintas by 433.3% during the 3rd quarter. Hollencrest Capital Management now owns 128 shares of the business services provider’s stock valued at $26,000 after acquiring an additional 104 shares during the period. Sound Income Strategies LLC acquired a new position in shares of Cintas during the 4th quarter worth $27,000. Addison Advisors LLC raised its holdings in shares of Cintas by 495.7% during the 3rd quarter. Addison Advisors LLC now owns 137 shares of the business services provider’s stock worth $28,000 after buying an additional 114 shares in the last quarter. Finally, Endeavor Private Wealth Inc. acquired a new position in shares of Cintas during the 4th quarter worth $31,000. 63.46% of the stock is currently owned by institutional investors.

Cintas Trading Down 0.9 %

NASDAQ CTAS opened at $204.22 on Friday. The business’s 50-day moving average price is $197.43 and its two-hundred day moving average price is $207.44. Cintas Co. has a 12 month low of $152.77 and a 12 month high of $228.12. The firm has a market capitalization of $82.41 billion, a PE ratio of 49.24, a price-to-earnings-growth ratio of 3.95 and a beta of 1.38. 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 (NASDAQ:CTAS) last released 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 analyst estimates of $2.56 billion. During the same quarter in the previous year, the company posted $3.61 EPS. The business’s revenue was up 7.8% on a year-over-year basis. On average, analysts expect that Cintas Co. will post 4.31 EPS for the current year.

Cintas Dividend Announcement

The firm also recently announced a quarterly dividend, which will be paid on Friday, March 14th. Investors 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 0.76%. Cintas’s payout ratio is 37.61%.

Wall Street Analysts Forecast Growth

A number of equities analysts have recently commented on the company. Truist Financial lowered their price target on Cintas from $225.00 to $215.00 and set a “buy” rating for the company in a report on Friday, December 20th. Royal Bank of Canada reissued a “sector perform” rating and set a $215.00 price target on shares of Cintas in a report on Friday, December 20th. Morgan Stanley boosted their price target on Cintas from $185.00 to $202.00 and gave the stock an “equal weight” rating in a report on Thursday, December 12th. Robert W. Baird lowered their price target on Cintas from $209.00 to $200.00 and set a “neutral” rating for the company in a report on Friday, December 20th. Finally, The Goldman Sachs Group lowered their price target on Cintas from $236.00 to $211.00 and set a “buy” rating for the company in a report 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 company. According to data from MarketBeat.com, the company has an average rating of “Hold” and a consensus target price of $198.46.

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.