Motley Fool Asset Management LLC Purchases 195 Shares of Cintas Co. (NASDAQ:CTAS)

Motley Fool Asset Management LLC raised its stake in Cintas Co. (NASDAQ:CTAS) by 6.7% during the fourth quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The fund owned 3,098 shares of the business services provider’s stock after acquiring an additional 195 shares during the period. Motley Fool Asset Management LLC’s holdings in Cintas were worth $1,867,000 as of its most recent SEC filing.

A number of other institutional investors have also recently modified their holdings of CTAS. Janiczek Wealth Management LLC boosted its position in shares of Cintas by 113.0% during the fourth quarter. Janiczek Wealth Management LLC now owns 49 shares of the business services provider’s stock valued at $30,000 after buying an additional 26 shares during the last quarter. Catalyst Capital Advisors LLC boosted its position in Cintas by 33.9% in the third quarter. Catalyst Capital Advisors LLC now owns 75 shares of the business services provider’s stock worth $36,000 after purchasing an additional 19 shares during the last quarter. Turtle Creek Wealth Advisors LLC purchased a new position in Cintas in the fourth quarter worth about $46,000. Oakworth Capital Inc. purchased a new position in Cintas in the fourth quarter worth about $48,000. Finally, Raleigh Capital Management Inc. boosted its position in Cintas by 66.7% in the third quarter. Raleigh Capital Management Inc. now owns 85 shares of the business services provider’s stock worth $41,000 after purchasing an additional 34 shares during the last quarter. 63.46% of the stock is owned by hedge funds and other institutional investors.

Cintas Trading Up 0.1 %

Shares of Cintas stock traded up $0.98 on Friday, reaching $666.23. The company had a trading volume of 274,164 shares, compared to its average volume of 350,293. The firm has a market cap of $67.54 billion, a price-to-earnings ratio of 46.01, a P/E/G ratio of 3.89 and a beta of 1.27. The company has a debt-to-equity ratio of 0.58, a current ratio of 2.38 and a quick ratio of 2.03. The firm’s 50-day moving average price is $648.22 and its two-hundred day moving average price is $593.38. Cintas Co. has a 1 year low of $440.01 and a 1 year high of $704.84.

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

Cintas Announces Dividend

The firm also recently disclosed a quarterly dividend, which will be paid on Friday, June 14th. Investors of record on Wednesday, May 15th will be issued a dividend of $1.35 per share. This represents a $5.40 dividend on an annualized basis and a yield of 0.81%. The ex-dividend date of this dividend is Tuesday, May 14th. Cintas’s payout ratio is currently 37.29%.

Wall Street Analysts Forecast Growth

Several brokerages have issued reports on CTAS. Royal Bank of Canada raised their target price on Cintas from $675.00 to $725.00 and gave the stock an “outperform” rating in a research report on Thursday, March 28th. StockNews.com raised Cintas from a “hold” rating to a “buy” rating in a research report on Monday, March 25th. The Goldman Sachs Group raised their price objective on Cintas from $673.00 to $765.00 and gave the stock a “buy” rating in a research note on Thursday, March 28th. Oppenheimer reaffirmed a “market perform” rating on shares of Cintas in a research note on Monday, April 1st. Finally, Truist Financial lifted their target price on Cintas from $660.00 to $775.00 and gave the company a “buy” rating in a research note on Thursday, March 28th. Six equities research analysts have rated the stock with a hold rating and nine have assigned a buy rating to the stock. According to data from MarketBeat, the stock presently has an average rating of “Moderate Buy” and an average target price of $661.21.

About Cintas

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.