TAP Consulting LLC Has $2.97 Million Stock Holdings in Cintas Co. (NASDAQ:CTAS)

TAP Consulting LLC lowered its position in Cintas Co. (NASDAQ:CTAS) by 3.6% in the 4th quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The firm owned 4,920 shares of the business services provider’s stock after selling 186 shares during the quarter. TAP Consulting LLC’s holdings in Cintas were worth $2,965,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Other institutional investors and hedge funds also recently made changes to their positions in the company. Janiczek Wealth Management LLC lifted its stake in Cintas by 113.0% in 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 period. Catalyst Capital Advisors LLC boosted its position in shares of Cintas by 33.9% during the 3rd 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 in the last quarter. Impact Partnership Wealth LLC increased its position in Cintas by 2,050.0% in the 3rd quarter. Impact Partnership Wealth LLC now owns 86 shares of the business services provider’s stock valued at $41,000 after buying an additional 82 shares in the last quarter. Raleigh Capital Management Inc. increased its holdings in shares of Cintas by 66.7% during the third quarter. Raleigh Capital Management Inc. now owns 85 shares of the business services provider’s stock valued at $41,000 after acquiring an additional 34 shares in the last quarter. Finally, Ancora Advisors LLC lifted its holdings in shares of Cintas by 2,833.3% in the 3rd quarter. Ancora Advisors LLC now owns 88 shares of the business services provider’s stock worth $43,000 after purchasing an additional 85 shares in the last quarter. Institutional investors own 63.46% of the company’s stock.

Cintas Price Performance

Shares of Cintas stock traded up $1.12 on Thursday, reaching $665.25. The stock had a trading volume of 289,767 shares, compared to its average volume of 351,245. The business’s 50 day moving average is $647.19 and its two-hundred day moving average is $592.24. The company has a current ratio of 2.38, a quick ratio of 2.03 and a debt-to-equity ratio of 0.58. Cintas Co. has a 1 year low of $438.59 and a 1 year high of $704.84. The company has a market cap of $67.44 billion, a P/E ratio of 45.94, a price-to-earnings-growth ratio of 3.90 and a beta of 1.27.

Cintas (NASDAQ:CTAS) last posted its earnings results on Wednesday, March 27th. The business services provider reported $3.84 earnings per share (EPS) for the quarter, topping the consensus estimate of $3.58 by $0.26. The business had revenue of $2.41 billion for the quarter, compared to analysts’ expectations of $2.39 billion. Cintas had a net margin of 15.98% and a return on equity of 37.19%. The business’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 company posted $3.14 EPS. As a group, research analysts anticipate that Cintas Co. will post 14.95 EPS for the current year.

Cintas Dividend Announcement

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

Wall Street Analyst Weigh In

Several research analysts have weighed in on the stock. The Goldman Sachs Group upped their price objective on shares of Cintas from $673.00 to $765.00 and gave the stock a “buy” rating in a report on Thursday, March 28th. Oppenheimer reissued a “market perform” rating on shares of Cintas in a research report on Monday, April 1st. Truist Financial increased their target price on shares of Cintas from $660.00 to $775.00 and gave the company a “buy” rating in a report on Thursday, March 28th. Robert W. Baird increased their price target on Cintas from $660.00 to $750.00 and gave the company an “outperform” rating in a research report on Thursday, March 28th. Finally, Barclays raised their target price on Cintas from $630.00 to $700.00 and gave the company an “overweight” rating in a research report on Thursday, February 29th. Six research analysts have rated the stock with a hold rating and nine have assigned a buy rating to the company. Based on data from MarketBeat, the stock presently has an average rating of “Moderate Buy” and a consensus target price of $661.21.

Cintas 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.