Cwm LLC Acquires 419 Shares of Cintas Co. (NASDAQ:CTAS)

Cwm LLC increased its holdings in Cintas Co. (NASDAQ:CTAS) by 23.3% in the fourth quarter, according to its most recent disclosure with the Securities & Exchange Commission. The institutional investor owned 2,216 shares of the business services provider’s stock after buying an additional 419 shares during the period. Cwm LLC’s holdings in Cintas were worth $1,336,000 as of its most recent filing with the Securities & Exchange Commission.

A number of other large investors also recently bought and sold shares of the business. Pathway Financial Advisors LLC bought a new position in Cintas in the fourth quarter worth approximately $319,000. Verdence Capital Advisors LLC acquired a new position in shares of Cintas during the fourth quarter worth $215,000. Lindbrook Capital LLC increased its position in shares of Cintas by 13.6% during the fourth quarter. Lindbrook Capital LLC now owns 611 shares of the business services provider’s stock worth $368,000 after purchasing an additional 73 shares in the last quarter. abrdn plc increased its position in shares of Cintas by 70.1% during the fourth quarter. abrdn plc now owns 36,345 shares of the business services provider’s stock worth $21,904,000 after purchasing an additional 14,975 shares in the last quarter. Finally, CNB Bank increased its position in shares of Cintas by 7.1% during the fourth quarter. CNB Bank now owns 1,560 shares of the business services provider’s stock worth $940,000 after purchasing an additional 104 shares in the last quarter. Institutional investors own 63.46% of the company’s stock.

Cintas Trading Up 0.1 %

Shares of Cintas stock opened at $666.23 on Friday. The firm has a 50-day simple moving average of $648.22 and a two-hundred day simple moving average of $593.38. The company has a market cap of $67.54 billion, a P/E ratio of 46.01, a price-to-earnings-growth ratio of 3.89 and a beta of 1.27. Cintas Co. has a fifty-two week low of $440.01 and a fifty-two week high of $704.84. The company has a debt-to-equity ratio of 0.58, a quick ratio of 2.03 and a current ratio of 2.38.

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

Cintas Dividend Announcement

The company also recently disclosed a quarterly dividend, which will be paid on Friday, June 14th. Shareholders of record on Wednesday, May 15th will be given 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 equities analysts have recently issued reports on the company. UBS Group upped their price target on Cintas from $680.00 to $790.00 and gave the stock a “buy” rating in a research report on Thursday, March 28th. Robert W. Baird boosted their price objective on shares of Cintas from $660.00 to $750.00 and gave the company an “outperform” rating in a report on Thursday, March 28th. Barclays boosted their price objective on shares of Cintas from $630.00 to $700.00 and gave the company an “overweight” rating in a report on Thursday, February 29th. Deutsche Bank Aktiengesellschaft boosted their price objective on shares of Cintas from $629.00 to $726.00 and gave the company a “hold” rating in a report on Thursday, March 28th. Finally, Oppenheimer reissued 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, the stock presently 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.