Winthrop Advisory Group LLC Boosts Position in Cintas Co. (NASDAQ:CTAS)

Winthrop Advisory Group LLC raised its stake in Cintas Co. (NASDAQ:CTAS) by 7.4% in the fourth quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The fund owned 1,689 shares of the business services provider’s stock after acquiring an additional 117 shares during the quarter. Winthrop Advisory Group LLC’s holdings in Cintas were worth $309,000 at the end of the most recent quarter.

A number of other institutional investors also recently made changes to their positions in the stock. Ashton Thomas Private Wealth LLC acquired a new position in Cintas in the second quarter valued at $93,000. LPL Financial LLC increased its stake in Cintas by 5.4% during the second quarter. LPL Financial LLC now owns 63,888 shares of the business services provider’s stock worth $44,738,000 after acquiring an additional 3,259 shares during the last quarter. Oppenheimer & Co. Inc. increased its stake in Cintas by 25.1% during the second quarter. Oppenheimer & Co. Inc. now owns 4,717 shares of the business services provider’s stock worth $3,303,000 after acquiring an additional 946 shares during the last quarter. Meeder Asset Management Inc. increased its stake in Cintas by 226.7% during the second quarter. Meeder Asset Management Inc. now owns 49 shares of the business services provider’s stock worth $34,000 after acquiring an additional 34 shares during the last quarter. Finally, Parallel Advisors LLC increased its stake in Cintas by 2.8% during the second quarter. Parallel Advisors LLC now owns 1,415 shares of the business services provider’s stock worth $991,000 after acquiring an additional 38 shares during the last quarter. 63.46% of the stock is owned by institutional investors and hedge funds.

Cintas Stock Performance

Shares of Cintas stock traded up $0.02 on Monday, reaching $189.32. 117,355 shares of the company were exchanged, compared to its average volume of 2,240,449. The company has a debt-to-equity ratio of 0.50, a quick ratio of 1.33 and a current ratio of 1.53. The company’s 50-day moving average is $207.28 and its two-hundred day moving average is $204.66. The firm has a market cap of $76.40 billion, a price-to-earnings ratio of 47.81, a P/E/G ratio of 4.15 and a beta of 1.37. Cintas Co. has a 1-year low of $146.29 and a 1-year high of $228.12.

Cintas (NASDAQ:CTAS) last announced its quarterly earnings results on Thursday, December 19th. The business services provider reported $1.09 earnings per share for the quarter, topping analysts’ consensus estimates of $1.01 by $0.08. The business had revenue of $2.56 billion for the quarter, compared to analysts’ expectations of $2.56 billion. Cintas had a return on equity of 39.56% and a net margin of 16.80%. The business’s quarterly revenue was up 7.8% on a year-over-year basis. During the same period in the prior year, the firm earned $3.61 EPS. As a group, research analysts expect that Cintas Co. will post 4.23 earnings per share for the current fiscal year.

Cintas Announces Dividend

The business also recently declared 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 0.82%. The ex-dividend date of this dividend was Friday, November 15th. Cintas’s payout ratio is 37.59%.

Analyst Ratings Changes

Several equities research analysts have commented on CTAS shares. Truist Financial dropped their price target on Cintas from $225.00 to $215.00 and set a “buy” rating for the company in a research note on Friday, December 20th. UBS Group dropped their price target on Cintas from $240.00 to $218.00 and set a “buy” rating for the company in a research note on Friday, December 20th. Barclays upped their target price on Cintas from $210.00 to $245.00 and gave the stock an “overweight” rating in a research report on Friday, September 27th. Royal Bank of Canada reaffirmed a “sector perform” rating and issued a $215.00 target price on shares of Cintas in a research report on Friday, December 20th. Finally, Robert W. Baird decreased their target price on Cintas from $209.00 to $200.00 and set a “neutral” rating for the company in a research report on Friday, December 20th. Two research analysts have rated the stock with a sell rating, nine have assigned a hold rating and six have given a buy rating to the company. According to data from MarketBeat, the stock has an average rating of “Hold” and an average price target of $198.46.

About Cintas

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.