Benjamin Edwards Inc. Purchases Shares of 2,355 Cintas Co. (NASDAQ:CTAS)

Benjamin Edwards Inc. purchased a new stake in shares of Cintas Co. (NASDAQ:CTAS) in the 4th quarter, according to the company in its most recent disclosure with the SEC. The firm purchased 2,355 shares of the business services provider’s stock, valued at approximately $1,419,000.

A number of other hedge funds and other institutional investors also recently modified their holdings of CTAS. Commonwealth Equity Services LLC increased its position in shares of Cintas by 7.6% in the third quarter. Commonwealth Equity Services LLC now owns 15,342 shares of the business services provider’s stock worth $7,380,000 after purchasing an additional 1,080 shares during the period. Cambridge Investment Research Advisors Inc. increased its position in shares of Cintas by 7.5% in the third quarter. Cambridge Investment Research Advisors Inc. now owns 5,799 shares of the business services provider’s stock worth $2,790,000 after purchasing an additional 403 shares during the period. Dakota Wealth Management increased its position in shares of Cintas by 529.1% in the third quarter. Dakota Wealth Management now owns 4,303 shares of the business services provider’s stock worth $2,070,000 after purchasing an additional 3,619 shares during the period. Raymond James Financial Services Advisors Inc. increased its position in shares of Cintas by 13.0% in the third quarter. Raymond James Financial Services Advisors Inc. now owns 17,517 shares of the business services provider’s stock worth $8,426,000 after purchasing an additional 2,022 shares during the period. Finally, Stratos Wealth Partners LTD. increased its position in shares of Cintas by 10.3% in the third quarter. Stratos Wealth Partners LTD. now owns 5,019 shares of the business services provider’s stock worth $2,415,000 after purchasing an additional 468 shares during the period. Institutional investors and hedge funds own 63.46% of the company’s stock.

Wall Street Analysts Forecast Growth

CTAS has been the topic of a number of recent analyst reports. Bank of America raised their price target on Cintas from $700.00 to $790.00 and gave the stock a “buy” rating in a research report on Thursday, March 28th. StockNews.com upgraded Cintas from a “hold” rating to a “buy” rating in a research report on Monday, March 25th. UBS Group boosted their price target on Cintas from $680.00 to $790.00 and gave the stock a “buy” rating in a report on Thursday, March 28th. Truist Financial boosted their price target on Cintas from $660.00 to $775.00 and gave the stock a “buy” rating in a report on Thursday, March 28th. Finally, The Goldman Sachs Group upped their price target on Cintas from $673.00 to $765.00 and gave the company a “buy” rating in a research report 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. Based on data from MarketBeat, the company presently has an average rating of “Moderate Buy” and an average target price of $661.21.

Cintas Trading Down 0.3 %

Shares of Cintas stock traded down $1.72 on Thursday, hitting $661.87. 163,494 shares of the company’s stock traded hands, compared to its average volume of 347,395. The company has a market capitalization of $67.09 billion, a price-to-earnings ratio of 45.83, a price-to-earnings-growth ratio of 3.86 and a beta of 1.27. The company has a fifty day moving average of $651.02 and a two-hundred day moving average of $597.11. The company has a debt-to-equity ratio of 0.58, a current ratio of 2.38 and a quick ratio of 2.03. Cintas Co. has a one year low of $456.57 and a one year high of $704.84.

Cintas (NASDAQ:CTAS) last posted its quarterly earnings results on Wednesday, March 27th. The business services provider reported $3.84 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $3.58 by $0.26. The firm had revenue of $2.41 billion for the quarter, compared to analysts’ expectations of $2.39 billion. Cintas had a return on equity of 37.19% and a net margin of 15.98%. The company’s revenue for the quarter was up 9.9% compared to the same quarter last year. During the same period in the prior year, the business earned $3.14 EPS. As a group, sell-side analysts expect that Cintas Co. will post 14.95 earnings per share for the current year.

Cintas Dividend Announcement

The business also recently disclosed 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 0.82%. Cintas’s dividend payout ratio is currently 37.29%.

Cintas Company 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.