Freedom Day Solutions LLC Has $3.97 Million Position in Cintas Co. (NASDAQ:CTAS)

Freedom Day Solutions LLC lifted its holdings in shares of Cintas Co. (NASDAQ:CTAS) by 3.5% during the fourth quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The firm owned 21,702 shares of the business services provider’s stock after purchasing an additional 736 shares during the quarter. Cintas accounts for about 1.2% of Freedom Day Solutions LLC’s portfolio, making the stock its 14th biggest position. Freedom Day Solutions LLC’s holdings in Cintas were worth $3,965,000 as of its most recent SEC filing.

A number of other hedge funds also recently modified their holdings of the business. Financial Perspectives Inc acquired a new stake in shares of Cintas during the fourth quarter worth about $62,000. Atlas Legacy Advisors LLC acquired a new stake in Cintas in the 4th quarter valued at approximately $275,000. Bank of Jackson Hole Trust acquired a new stake in Cintas in the 4th quarter valued at approximately $43,000. Prossimo Advisors LLC raised its position in Cintas by 9.3% in the 4th quarter. Prossimo Advisors LLC now owns 14,887 shares of the business services provider’s stock valued at $2,720,000 after buying an additional 1,271 shares during the last quarter. Finally, C2P Capital Advisory Group LLC d.b.a. Prosperity Capital Advisors acquired a new stake in Cintas in the 4th quarter valued at approximately $879,000. Institutional investors and hedge funds own 63.46% of the company’s stock.

Analyst Ratings Changes

A number of equities research analysts recently issued reports on the company. Royal Bank of Canada reissued a “sector perform” rating and issued a $215.00 target price on shares of Cintas in a research report on Friday, December 20th. UBS Group decreased their price target on Cintas from $240.00 to $218.00 and set a “buy” rating for the company in a research note on Friday, December 20th. Wells Fargo & Company decreased their price target on Cintas from $191.00 to $184.00 and set an “underweight” rating for the company in a research note on Friday, December 20th. Robert W. Baird decreased their price target on Cintas from $209.00 to $200.00 and set a “neutral” rating for the company in a research note on Friday, December 20th. Finally, Morgan Stanley lifted their target price on Cintas from $185.00 to $202.00 and gave the stock an “equal weight” rating in a research note on Thursday, December 12th. 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. According to MarketBeat, the company currently has an average rating of “Hold” and a consensus target price of $198.46.

Cintas Stock Performance

NASDAQ:CTAS opened at $208.14 on Thursday. The stock has a market cap of $83.99 billion, a P/E ratio of 50.18, a PEG ratio of 3.94 and a beta of 1.38. The stock has a 50 day simple moving average of $196.78 and a 200 day simple moving average of $207.96. 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 1-year low of $152.77 and a 1-year high of $228.12.

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

Cintas Announces Dividend

The business also recently disclosed a quarterly dividend, which will be paid on Friday, March 14th. Shareholders of record on Friday, February 14th will be issued a $0.39 dividend. The ex-dividend date of this dividend is Friday, February 14th. This represents a $1.56 annualized dividend and a yield of 0.75%. Cintas’s dividend payout ratio is presently 37.61%.

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.