RIA Advisory Group LLC Buys New Holdings in Cintas Co. (NASDAQ:CTAS)

RIA Advisory Group LLC bought a new stake in Cintas Co. (NASDAQ:CTAS) in the fourth quarter, Holdings Channel.com reports. The institutional investor bought 750 shares of the business services provider’s stock, valued at approximately $452,000.

Other hedge funds and other institutional investors have also added to or reduced their stakes in the company. Quarry LP increased its holdings in Cintas by 221.1% during the 1st quarter. Quarry LP now owns 61 shares of the business services provider’s stock worth $28,000 after purchasing an additional 42 shares in the last quarter. Janiczek Wealth Management LLC increased its holdings in Cintas by 113.0% during the 4th quarter. Janiczek Wealth Management LLC now owns 49 shares of the business services provider’s stock worth $30,000 after purchasing an additional 26 shares in the last quarter. Catalyst Capital Advisors LLC increased its holdings in Cintas by 33.9% during the 3rd 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 in the last quarter. Sunbelt Securities Inc. bought a new stake in Cintas during the 1st quarter worth approximately $36,000. Finally, Clearstead Advisors LLC bought a new stake in Cintas during the 3rd quarter worth approximately $39,000. 63.46% of the stock is owned by institutional investors.

Cintas Stock Performance

Cintas stock traded down $1.15 during trading on Friday, hitting $661.29. The stock had a trading volume of 387,628 shares, compared to its average volume of 343,567. Cintas Co. has a 1 year low of $438.59 and a 1 year high of $704.84. The company has a quick ratio of 2.03, a current ratio of 2.38 and a debt-to-equity ratio of 0.58. The stock’s 50 day moving average is $642.18 and its two-hundred day moving average is $586.01. The stock has a market cap of $67.04 billion, a price-to-earnings ratio of 45.63, a price-to-earnings-growth ratio of 3.91 and a beta of 1.27.

Cintas (NASDAQ:CTAS) last issued 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 net margin of 15.98% and a return on equity of 37.19%. The business had revenue of $2.41 billion for the quarter, compared to analysts’ expectations of $2.39 billion. During the same quarter in the previous year, the firm posted $3.14 EPS. The business’s revenue for the quarter was up 9.9% compared to the same quarter last year. As a group, analysts predict that Cintas Co. will post 14.96 EPS for the current year.

Cintas Announces Dividend

The firm also recently announced a quarterly dividend, which will be paid on Friday, June 14th. Shareholders of record on Wednesday, May 15th will be issued a dividend of $1.35 per share. The ex-dividend date of this dividend is Tuesday, May 14th. This represents a $5.40 dividend on an annualized basis and a yield of 0.82%. Cintas’s payout ratio is 37.29%.

Analysts Set New Price Targets

A number of analysts have commented on the company. UBS Group boosted their price objective on Cintas from $680.00 to $790.00 and gave the stock a “buy” rating in a report on Thursday, March 28th. Barclays boosted their target price on Cintas from $630.00 to $700.00 and gave the stock an “overweight” rating in a research note on Thursday, February 29th. Truist Financial boosted their target price on Cintas from $660.00 to $775.00 and gave the stock a “buy” rating in a research note on Thursday, March 28th. JPMorgan Chase & Co. boosted their target price on Cintas from $540.00 to $640.00 and gave the stock an “overweight” rating in a research note on Friday, December 22nd. Finally, Royal Bank of Canada boosted their target price on Cintas from $675.00 to $725.00 and gave the stock an “outperform” rating in a research note on Thursday, March 28th. Six analysts have rated the stock with a hold rating and nine have given a buy rating to the company’s stock. According to data from MarketBeat, the stock currently has an average rating of “Moderate Buy” and a consensus price target of $661.21.

Cintas 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.