Cintas Co. (NASDAQ:CTAS) Shares Acquired by Sanctuary Advisors LLC

Sanctuary Advisors LLC boosted its position in Cintas Co. (NASDAQ:CTAS) by 352.9% in the 3rd quarter, according to its most recent filing with the Securities and Exchange Commission. The fund owned 57,463 shares of the business services provider’s stock after purchasing an additional 44,774 shares during the quarter. Sanctuary Advisors LLC’s holdings in Cintas were worth $12,743,000 as of its most recent filing with the Securities and Exchange Commission.

Other institutional investors and hedge funds also recently added to or reduced their stakes in the company. LGT Financial Advisors LLC grew its position in shares of Cintas by 311.1% in the second quarter. LGT Financial Advisors LLC now owns 37 shares of the business services provider’s stock valued at $26,000 after purchasing an additional 28 shares during the period. Meeder Asset Management Inc. grew its holdings in Cintas by 226.7% in the 2nd quarter. Meeder Asset Management Inc. now owns 49 shares of the business services provider’s stock valued at $34,000 after buying an additional 34 shares during the period. Crewe Advisors LLC increased its stake in shares of Cintas by 133.3% during the 2nd quarter. Crewe Advisors LLC now owns 56 shares of the business services provider’s stock valued at $39,000 after acquiring an additional 32 shares during the last quarter. Industrial Alliance Investment Management Inc. purchased a new position in shares of Cintas during the 2nd quarter worth about $51,000. Finally, Field & Main Bank boosted its position in shares of Cintas by 25.0% in the second quarter. Field & Main Bank now owns 75 shares of the business services provider’s stock worth $53,000 after acquiring an additional 15 shares during the last quarter. 63.46% of the stock is currently owned by hedge funds and other institutional investors.

Cintas Stock Down 0.2 %

Shares of NASDAQ:CTAS opened at $211.22 on Friday. The company has a market capitalization of $85.19 billion, a price-to-earnings ratio of 53.34, a price-to-earnings-growth ratio of 4.15 and a beta of 1.33. The company has a 50 day moving average of $215.13 and a two-hundred day moving average of $201.91. Cintas Co. has a 52-week low of $138.39 and a 52-week high of $228.12. The company has a quick ratio of 1.33, a current ratio of 1.53 and a debt-to-equity ratio of 0.50.

Cintas (NASDAQ:CTAS) last released its quarterly earnings results on Wednesday, September 25th. The business services provider reported $1.10 earnings per share for the quarter, beating analysts’ consensus estimates of $1.00 by $0.10. Cintas had a net margin of 16.80% and a return on equity of 39.56%. The business had revenue of $2.50 billion during the quarter, compared to analyst estimates of $2.49 billion. During the same period last year, the business earned $3.70 EPS. The business’s revenue was up 6.8% on a year-over-year basis. As a group, analysts forecast that Cintas Co. will post 4.23 earnings per share for the current fiscal year.

Cintas Announces Dividend

The firm also recently announced a quarterly dividend, which was paid on Friday, December 13th. Stockholders of record on Friday, November 15th were given a dividend of $0.39 per share. This represents a $1.56 dividend on an annualized basis and a dividend yield of 0.74%. The ex-dividend date was Friday, November 15th. Cintas’s payout ratio is 39.39%.

Analysts Set New Price Targets

Several brokerages recently commented on CTAS. UBS Group upped their price target on shares of Cintas from $219.00 to $240.00 and gave the stock a “buy” rating in a research report on Thursday, September 26th. The Goldman Sachs Group upped their price objective on Cintas from $212.00 to $236.00 and gave the stock a “buy” rating in a report on Thursday, September 26th. Wells Fargo & Company lifted their target price on Cintas from $184.00 to $191.00 and gave the company an “underweight” rating in a report on Thursday, September 26th. Truist Financial upped their price target on Cintas from $212.50 to $225.00 and gave the stock a “buy” rating in a research note on Tuesday, September 17th. Finally, Jefferies Financial Group reduced their price objective on Cintas from $730.00 to $200.00 and set a “hold” rating on the stock in a research note on Thursday, September 26th. Two analysts have rated the stock with a sell rating, nine have assigned a hold rating and seven have given a buy rating to the company’s stock. According to MarketBeat.com, the company presently has an average rating of “Hold” and an average target price of $200.77.

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.