Grove Bank & Trust Acquires 76 Shares of Cintas Co. (NASDAQ:CTAS)

Grove Bank & Trust raised its holdings in Cintas Co. (NASDAQ:CTAS) by 52.8% during the fourth quarter, Holdings Channel reports. The institutional investor owned 220 shares of the business services provider’s stock after buying an additional 76 shares during the quarter. Grove Bank & Trust’s holdings in Cintas were worth $40,000 as of its most recent SEC filing.

A number of other large investors have also recently made changes to their positions in CTAS. Seven Eight Capital LP lifted its stake in shares of Cintas by 28.2% in the second quarter. Seven Eight Capital LP now owns 486 shares of the business services provider’s stock valued at $340,000 after buying an additional 107 shares in the last quarter. AE Wealth Management LLC lifted its stake in shares of Cintas by 32.0% in the second quarter. AE Wealth Management LLC now owns 3,223 shares of the business services provider’s stock valued at $2,257,000 after buying an additional 781 shares in the last quarter. Sei Investments Co. raised its holdings in shares of Cintas by 57.4% in the second quarter. Sei Investments Co. now owns 38,848 shares of the business services provider’s stock valued at $27,202,000 after purchasing an additional 14,170 shares during the last quarter. Frank Rimerman Advisors LLC raised its holdings in shares of Cintas by 38,533.3% in the second quarter. Frank Rimerman Advisors LLC now owns 1,159 shares of the business services provider’s stock valued at $812,000 after purchasing an additional 1,156 shares during the last quarter. Finally, Fidelis Capital Partners LLC raised its holdings in shares of Cintas by 22.6% in the second quarter. Fidelis Capital Partners LLC now owns 1,440 shares of the business services provider’s stock valued at $1,066,000 after purchasing an additional 265 shares during the last quarter. 63.46% of the stock is owned by institutional investors.

Cintas Trading Up 0.1 %

Shares of Cintas stock opened at $198.31 on Tuesday. Cintas Co. has a 1 year low of $146.63 and a 1 year high of $228.12. The firm has a market cap of $80.03 billion, a PE ratio of 47.81, a PEG ratio of 3.65 and a beta of 1.37. The company has a debt-to-equity ratio of 0.47, a current ratio of 1.58 and a quick ratio of 1.38. The company has a 50 day simple moving average of $205.21 and a two-hundred day simple moving average of $205.34.

Cintas (NASDAQ:CTAS) last announced its quarterly earnings data on Thursday, December 19th. The business services provider reported $1.09 earnings per share for the quarter, topping analysts’ consensus estimates of $1.01 by $0.08. The firm had revenue of $2.56 billion during the quarter, compared to analyst estimates of $2.56 billion. Cintas had a net margin of 17.23% and a return on equity of 40.62%. The business’s quarterly revenue was up 7.8% on a year-over-year basis. During the same period in the previous year, the business posted $3.61 EPS. Analysts expect that Cintas Co. will post 4.31 earnings per share for the current fiscal year.

Cintas Announces Dividend

The firm also recently disclosed a quarterly dividend, which will be paid on Friday, March 14th. Stockholders 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 dividend on an annualized basis and a dividend yield of 0.79%. Cintas’s payout ratio is 37.61%.

Wall Street Analyst Weigh In

Several analysts have recently commented on CTAS shares. Truist Financial lowered their target price on shares of Cintas from $225.00 to $215.00 and set a “buy” rating for the company in a report on Friday, December 20th. Wells Fargo & Company decreased their price objective on shares of Cintas from $191.00 to $184.00 and set an “underweight” rating for the company in a report on Friday, December 20th. UBS Group reduced their target price on shares of Cintas from $240.00 to $218.00 and set a “buy” rating for the company in a research note on Friday, December 20th. Royal Bank of Canada reiterated a “sector perform” rating and issued a $215.00 target price on shares of Cintas in a research note on Friday, December 20th. Finally, Robert W. Baird reduced their target price on shares of Cintas from $209.00 to $200.00 and set a “neutral” rating for the company in a research note on Friday, December 20th. Two investment analysts have rated the stock with a sell rating, nine have issued a hold rating and six have given a buy rating to the company’s stock. Based on data from MarketBeat.com, the stock presently has an average rating of “Hold” and a consensus price target of $198.46.

Cintas 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.