Cintas Co. (NASDAQ:CTAS) is Reik & CO. LLC’s 2nd Largest Position

Reik & CO. LLC reduced its stake in shares of Cintas Co. (NASDAQ:CTAS) by 0.2% during the 4th quarter, according to its most recent 13F filing with the SEC. The institutional investor owned 245,343 shares of the business services provider’s stock after selling 530 shares during the period. Cintas makes up about 10.8% of Reik & CO. LLC’s holdings, making the stock its 2nd largest position. Reik & CO. LLC’s holdings in Cintas were worth $44,824,000 as of its most recent filing with the SEC.

A number of other institutional investors and hedge funds have also made changes to their positions in CTAS. Dynamic Advisor Solutions LLC increased its position in shares of Cintas by 262.8% in the third quarter. Dynamic Advisor Solutions LLC now owns 1,299 shares of the business services provider’s stock valued at $267,000 after buying an additional 941 shares in the last quarter. Brookstone Capital Management increased its holdings in Cintas by 209.7% during the 3rd quarter. Brookstone Capital Management now owns 1,081 shares of the business services provider’s stock valued at $223,000 after acquiring an additional 732 shares in the last quarter. Livforsakringsbolaget Skandia Omsesidigt raised its position in Cintas by 1,317.1% during the third quarter. Livforsakringsbolaget Skandia Omsesidigt now owns 3,656 shares of the business services provider’s stock worth $753,000 after acquiring an additional 3,398 shares during the last quarter. Exchange Traded Concepts LLC lifted its holdings in shares of Cintas by 295.4% in the third quarter. Exchange Traded Concepts LLC now owns 11,344 shares of the business services provider’s stock valued at $2,336,000 after purchasing an additional 8,475 shares in the last quarter. Finally, CHICAGO TRUST Co NA acquired a new stake in shares of Cintas in the third quarter valued at approximately $278,000. 63.46% of the stock is owned by institutional investors and hedge funds.

Wall Street Analysts Forecast Growth

Several brokerages recently issued reports on CTAS. The Goldman Sachs Group cut their price objective on Cintas from $236.00 to $211.00 and set a “buy” rating for the company in a research report on Friday, December 20th. Wells Fargo & Company cut their price target on Cintas from $191.00 to $184.00 and set an “underweight” rating for the company in a report on Friday, December 20th. Robert W. Baird decreased their price objective on Cintas from $209.00 to $200.00 and set a “neutral” rating on the stock in a research note on Friday, December 20th. Royal Bank of Canada reissued a “sector perform” rating and issued a $215.00 target price on shares of Cintas in a research note on Friday, December 20th. Finally, Truist Financial decreased their price target on shares of Cintas from $225.00 to $215.00 and set a “buy” rating on the stock in a research note on Friday, December 20th. Two equities research analysts have rated the stock with a sell rating, nine have assigned a hold rating and six have assigned a buy rating to the company. Based on data from MarketBeat.com, the stock has an average rating of “Hold” and an average price target of $198.46.

Cintas Stock Up 0.9 %

Shares of CTAS opened at $203.97 on Tuesday. Cintas Co. has a fifty-two week low of $150.70 and a fifty-two week high of $228.12. The company’s fifty day moving average is $198.88 and its two-hundred day moving average is $207.25. The firm has a market cap of $82.31 billion, a PE ratio of 49.18, a price-to-earnings-growth ratio of 3.95 and a beta of 1.38. The company has a quick ratio of 1.38, a current ratio of 1.58 and a debt-to-equity ratio of 0.47.

Cintas (NASDAQ:CTAS) last issued its earnings results on Thursday, December 19th. The business services provider reported $1.09 earnings per share for the quarter, beating analysts’ consensus estimates of $1.01 by $0.08. The firm had revenue of $2.56 billion for the quarter, compared to analysts’ expectations of $2.56 billion. Cintas had a return on equity of 40.62% and a net margin of 17.23%. The firm’s revenue for the quarter was up 7.8% compared to the same quarter last year. During the same quarter last year, the firm earned $3.61 earnings per share. Analysts forecast that Cintas Co. will post 4.31 earnings per share for the current year.

Cintas Dividend Announcement

The firm also recently announced a quarterly dividend, which will be paid on Friday, March 14th. Investors of record on Friday, February 14th will be given a dividend of $0.39 per share. This represents a $1.56 dividend on an annualized basis and a yield of 0.76%. The ex-dividend date is Friday, February 14th. Cintas’s dividend payout ratio (DPR) is presently 37.61%.

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.