Bryn Mawr Capital Management LLC Raises Position in Cintas Co. (NASDAQ:CTAS)

Bryn Mawr Capital Management LLC increased its holdings in Cintas Co. (NASDAQ:CTAS) by 317.6% during the fourth quarter, according to its most recent disclosure with the SEC. The institutional investor owned 2,994 shares of the business services provider’s stock after buying an additional 2,277 shares during the period. Bryn Mawr Capital Management LLC’s holdings in Cintas were worth $1,804,000 as of its most recent SEC filing.

A number of other institutional investors and hedge funds also recently made changes to their positions in CTAS. Capital Investment Advisors LLC raised its position in Cintas by 30.6% during the third quarter. Capital Investment Advisors LLC now owns 542 shares of the business services provider’s stock valued at $261,000 after purchasing an additional 127 shares in the last quarter. Impact Partnership Wealth LLC raised its position in Cintas by 2,050.0% during the third quarter. Impact Partnership Wealth LLC now owns 86 shares of the business services provider’s stock valued at $41,000 after purchasing an additional 82 shares in the last quarter. DAVENPORT & Co LLC raised its position in Cintas by 5.6% during the third quarter. DAVENPORT & Co LLC now owns 3,500 shares of the business services provider’s stock valued at $1,684,000 after purchasing an additional 185 shares in the last quarter. Exchange Traded Concepts LLC raised its position in Cintas by 28.7% during the third quarter. Exchange Traded Concepts LLC now owns 2,717 shares of the business services provider’s stock valued at $1,307,000 after purchasing an additional 606 shares in the last quarter. Finally, Caprock Group LLC raised its position in Cintas by 4.6% during the third quarter. Caprock Group LLC now owns 1,919 shares of the business services provider’s stock valued at $923,000 after purchasing an additional 84 shares in the last quarter. Hedge funds and other institutional investors own 63.46% of the company’s stock.

Analyst Ratings Changes

A number of research analysts have recently issued reports on CTAS shares. UBS Group raised their price objective on Cintas from $680.00 to $790.00 and gave the company a “buy” rating in a research note on Thursday, March 28th. Oppenheimer reissued a “market perform” rating on shares of Cintas in a research note on Monday, April 1st. Bank of America raised their target price on Cintas from $700.00 to $790.00 and gave the stock a “buy” rating in a research note on Thursday, March 28th. Truist Financial raised their price objective on shares of Cintas from $660.00 to $775.00 and gave the stock a “buy” rating in a report on Thursday, March 28th. Finally, Royal Bank of Canada raised their price objective on shares of Cintas from $675.00 to $725.00 and gave the stock an “outperform” rating in a report on Thursday, March 28th. Six analysts have rated the stock with a hold rating and nine have issued a buy rating to the company. According to data from MarketBeat.com, Cintas has a consensus rating of “Moderate Buy” and an average target price of $661.21.

Cintas Stock Up 0.1 %

Shares of CTAS stock traded up $0.98 during trading hours on Friday, hitting $666.23. 274,164 shares of the company’s stock traded hands, compared to its average volume of 350,293. The stock’s fifty day simple moving average is $648.22 and its two-hundred day simple moving average is $593.38. Cintas Co. has a 12-month low of $440.01 and a 12-month high of $704.84. The stock has a market cap of $67.54 billion, a price-to-earnings ratio of 46.01, a PEG ratio of 3.89 and a beta of 1.27. The company has a quick ratio of 2.03, a current ratio of 2.38 and a debt-to-equity ratio of 0.58.

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

Cintas Announces Dividend

The firm also recently announced a quarterly dividend, which will be paid on Friday, June 14th. Stockholders 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 annualized dividend and a dividend yield of 0.81%. Cintas’s payout ratio is 37.29%.

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.