J.W. Cole Advisors Inc. Reduces Position in Cintas Co. (NASDAQ:CTAS)

J.W. Cole Advisors Inc. lessened its position in shares of Cintas Co. (NASDAQ:CTAS) by 3.1% during the fourth quarter, according to its most recent filing with the Securities & Exchange Commission. The fund owned 534 shares of the business services provider’s stock after selling 17 shares during the quarter. J.W. Cole Advisors Inc.’s holdings in Cintas were worth $322,000 as of its most recent SEC filing.

A number of other hedge funds have also recently added to or reduced their stakes in the company. Greenleaf Trust grew its stake in Cintas by 2.3% during the 4th quarter. Greenleaf Trust now owns 1,943 shares of the business services provider’s stock worth $1,171,000 after buying an additional 44 shares during the last quarter. RIA Advisory Group LLC purchased a new position in shares of Cintas in the 4th quarter valued at approximately $452,000. Kellett Wealth Advisors LLC grew its stake in shares of Cintas by 8.8% in the 4th quarter. Kellett Wealth Advisors LLC now owns 818 shares of the business services provider’s stock valued at $493,000 after purchasing an additional 66 shares during the last quarter. Fidelis Capital Partners LLC grew its stake in shares of Cintas by 4.9% in the 4th quarter. Fidelis Capital Partners LLC now owns 748 shares of the business services provider’s stock valued at $451,000 after purchasing an additional 35 shares during the last quarter. Finally, AIA Group Ltd boosted its stake in shares of Cintas by 11.2% in the fourth quarter. AIA Group Ltd now owns 4,441 shares of the business services provider’s stock valued at $2,676,000 after buying an additional 446 shares in the last quarter. Hedge funds and other institutional investors own 63.46% of the company’s stock.

Cintas Stock Performance

Shares of NASDAQ:CTAS opened at $664.13 on Thursday. The company has a debt-to-equity ratio of 0.58, a current ratio of 2.38 and a quick ratio of 2.03. Cintas Co. has a 12 month low of $438.59 and a 12 month high of $704.84. The firm has a market capitalization of $67.32 billion, a PE ratio of 45.87, a P/E/G ratio of 3.90 and a beta of 1.27. The business has a 50-day moving average of $646.30 and a two-hundred day moving average of $591.73.

Cintas (NASDAQ:CTAS) last posted its earnings results on Wednesday, March 27th. The business services provider reported $3.84 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $3.58 by $0.26. Cintas had a return on equity of 37.19% and a net margin of 15.98%. The business had revenue of $2.41 billion during the quarter, compared to analyst estimates of $2.39 billion. During the same quarter last year, the firm earned $3.14 earnings per share. The company’s revenue for the quarter was up 9.9% compared to the same quarter last year. As a group, research analysts forecast that Cintas Co. will post 14.95 earnings per share for the current year.

Cintas Dividend Announcement

The business also recently announced a quarterly dividend, which will be paid on Friday, June 14th. Stockholders of record on Wednesday, May 15th will be paid a $1.35 dividend. The ex-dividend date is Tuesday, May 14th. This represents a $5.40 dividend on an annualized basis and a dividend yield of 0.81%. Cintas’s dividend payout ratio (DPR) is currently 37.29%.

Analyst Upgrades and Downgrades

A number of analysts recently weighed in on the company. Deutsche Bank Aktiengesellschaft lifted their price target on Cintas from $629.00 to $726.00 and gave the company a “hold” rating in a research note on Thursday, March 28th. Bank of America lifted their price objective on Cintas from $700.00 to $790.00 and gave the stock a “buy” rating in a report on Thursday, March 28th. Truist Financial lifted their price objective on Cintas from $660.00 to $775.00 and gave the stock a “buy” rating in a report on Thursday, March 28th. Robert W. Baird lifted their price objective on Cintas from $660.00 to $750.00 and gave the stock an “outperform” rating in a report on Thursday, March 28th. Finally, Oppenheimer reaffirmed a “market perform” rating on shares of Cintas in a report on Monday, April 1st. Six equities research analysts have rated the stock with a hold rating and nine have given a buy rating to the company. Based on data from MarketBeat, Cintas has a consensus rating of “Moderate Buy” and an average price target of $661.21.

Cintas Company Profile

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.