Lineweaver Wealth Advisors LLC Has $1.59 Million Stock Position in Cintas Co. (NASDAQ:CTAS)

Lineweaver Wealth Advisors LLC increased its position in Cintas Co. (NASDAQ:CTASFree Report) by 68.1% in the fourth quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 2,639 shares of the business services provider’s stock after purchasing an additional 1,069 shares during the quarter. Lineweaver Wealth Advisors LLC’s holdings in Cintas were worth $1,591,000 as of its most recent SEC filing.

A number of other hedge funds and other institutional investors have also recently added to or reduced their stakes in the company. Columbus Macro LLC increased its position in Cintas by 1.2% in the fourth quarter. Columbus Macro LLC now owns 1,453 shares of the business services provider’s stock worth $871,000 after purchasing an additional 17 shares during the period. Quent Capital LLC increased its position in Cintas by 22.8% in the fourth quarter. Quent Capital LLC now owns 97 shares of the business services provider’s stock worth $59,000 after purchasing an additional 18 shares during the period. Greenleaf Trust increased its position in Cintas by 1.0% in the third quarter. Greenleaf Trust now owns 1,899 shares of the business services provider’s stock worth $913,000 after purchasing an additional 19 shares during the period. Catalyst Capital Advisors LLC increased its position in Cintas by 33.9% in the third quarter. Catalyst Capital Advisors LLC now owns 75 shares of the business services provider’s stock worth $36,000 after purchasing an additional 19 shares during the period. Finally, Stokes Capital Advisors LLC boosted its holdings in Cintas by 2.4% during the third quarter. Stokes Capital Advisors LLC now owns 845 shares of the business services provider’s stock worth $406,000 after buying an additional 20 shares during the last quarter. 63.46% of the stock is currently owned by institutional investors and hedge funds.

Cintas Stock Up 0.2 %

NASDAQ:CTAS opened at $687.03 on Monday. The firm has a market capitalization of $69.64 billion, a price-to-earnings ratio of 47.45, a price-to-earnings-growth ratio of 4.02 and a beta of 1.27. Cintas Co. has a twelve month low of $438.59 and a twelve month high of $704.84. The stock’s 50 day moving average price is $624.64 and its two-hundred day moving average price is $570.08. The company has a quick ratio of 1.89, a current ratio of 2.38 and a debt-to-equity ratio of 0.58.

Cintas (NASDAQ:CTASGet Free Report) last posted its quarterly earnings results on Wednesday, March 27th. The business services provider reported $3.84 earnings per share for the quarter, topping the consensus estimate of $3.58 by $0.26. The firm had revenue of $2.41 billion for the quarter, compared to analyst estimates of $2.39 billion. Cintas had a return on equity of 37.19% and a net margin of 15.98%. The business’s quarterly revenue was up 9.9% on a year-over-year basis. During the same quarter in the previous year, the firm earned $3.14 EPS. Equities research analysts expect that Cintas Co. will post 14.98 earnings per share for the current fiscal year.

Cintas Announces Dividend

The business also recently declared a quarterly dividend, which was paid on Friday, March 15th. Shareholders of record on Thursday, February 15th were given a dividend of $1.35 per share. This represents a $5.40 annualized dividend and a dividend yield of 0.79%. The ex-dividend date of this dividend was Wednesday, February 14th. Cintas’s dividend payout ratio (DPR) is 37.29%.

Wall Street Analyst Weigh In

A number of equities analysts have issued reports on the company. JPMorgan Chase & Co. raised their target price on Cintas from $540.00 to $640.00 and gave the stock an “overweight” rating in a report on Friday, December 22nd. The Goldman Sachs Group raised their target price on Cintas from $673.00 to $765.00 and gave the stock a “buy” rating in a report on Thursday. Stifel Nicolaus raised their target price on Cintas from $526.00 to $585.00 and gave the stock a “hold” rating in a report on Friday, December 22nd. StockNews.com upgraded Cintas from a “hold” rating to a “buy” rating in a report on Monday, March 25th. Finally, UBS Group raised their target price on Cintas from $680.00 to $790.00 and gave the stock a “buy” rating in a report on Thursday. Five analysts have rated the stock with a hold rating and nine have given a buy rating to the stock. Based on data from MarketBeat.com, the stock has an average rating of “Moderate Buy” and an average target price of $661.21.

Get Our Latest Stock Report on CTAS

About Cintas

(Free Report)

Cintas Corporation provides 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.

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Institutional Ownership by Quarter for Cintas (NASDAQ:CTAS)

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