Cintas Co. (NASDAQ:CTAS) Shares Purchased by Daymark Wealth Partners LLC

Daymark Wealth Partners LLC boosted its stake in Cintas Co. (NASDAQ:CTAS) by 9.9% in the fourth quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The fund owned 16,209 shares of the business services provider’s stock after acquiring an additional 1,461 shares during the period. Daymark Wealth Partners LLC’s holdings in Cintas were worth $2,961,000 as of its most recent SEC filing.

Other large investors also recently bought and sold shares of the company. Evergreen Capital Management LLC lifted its holdings in shares of Cintas by 4.8% in the 2nd quarter. Evergreen Capital Management LLC now owns 827 shares of the business services provider’s stock valued at $579,000 after purchasing an additional 38 shares during the last quarter. Aaron Wealth Advisors LLC increased its position in Cintas by 2.0% during the fourth quarter. Aaron Wealth Advisors LLC now owns 2,803 shares of the business services provider’s stock worth $512,000 after buying an additional 55 shares during the period. Simon Quick Advisors LLC increased its position in Cintas by 5.5% during the fourth quarter. Simon Quick Advisors LLC now owns 1,213 shares of the business services provider’s stock worth $222,000 after buying an additional 63 shares during the period. KPP Advisory Services LLC lifted its stake in Cintas by 19.6% in the second quarter. KPP Advisory Services LLC now owns 434 shares of the business services provider’s stock valued at $304,000 after buying an additional 71 shares during the last quarter. Finally, First Hawaiian Bank boosted its holdings in shares of Cintas by 0.4% in the fourth quarter. First Hawaiian Bank now owns 17,105 shares of the business services provider’s stock valued at $3,125,000 after acquiring an additional 73 shares during the period. Institutional investors and hedge funds own 63.46% of the company’s stock.

Analyst Ratings Changes

A number of equities analysts have recently commented on the stock. Robert W. Baird cut their target price on shares of Cintas from $209.00 to $200.00 and set a “neutral” rating on the stock in a report on Friday, December 20th. Truist Financial dropped their price objective on shares of Cintas from $225.00 to $215.00 and set a “buy” rating on the stock in a research note on Friday, December 20th. Barclays upped their target price on shares of Cintas from $210.00 to $245.00 and gave the company an “overweight” rating in a report on Friday, September 27th. Morgan Stanley raised their price target on Cintas from $185.00 to $202.00 and gave the stock an “equal weight” rating in a report on Thursday, December 12th. Finally, Jefferies Financial Group reduced their price objective on Cintas from $730.00 to $200.00 and set a “hold” rating for the company in a research note on Thursday, September 26th. Two equities 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 company’s stock. According to data from MarketBeat.com, the company currently has an average rating of “Hold” and an average target price of $198.46.

Cintas Price Performance

Cintas stock opened at $199.02 on Thursday. The company has a market cap of $80.31 billion, a P/E ratio of 47.99, a price-to-earnings-growth ratio of 3.83 and a beta of 1.37. Cintas Co. has a one year low of $148.75 and a one year high of $228.12. The business has a fifty day moving average of $204.22 and a two-hundred day moving average of $205.67. The company has a debt-to-equity ratio of 0.47, a quick ratio of 1.38 and a current ratio of 1.58.

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

Cintas Dividend Announcement

The company also recently declared a quarterly dividend, which will be paid on Friday, March 14th. Stockholders of record on Friday, February 14th will be paid a dividend of $0.39 per share. This represents a $1.56 annualized dividend and a dividend yield of 0.78%. The ex-dividend date of this dividend is Friday, February 14th. Cintas’s dividend payout ratio (DPR) is 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.