Cintas Co. (NASDAQ:CTAS) Shares Acquired by Paradigm Financial Partners LLC

Paradigm Financial Partners LLC lifted its position in Cintas Co. (NASDAQ:CTAS) by 2.2% in the 4th quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm owned 8,596 shares of the business services provider’s stock after purchasing an additional 188 shares during the period. Cintas comprises about 1.3% of Paradigm Financial Partners LLC’s portfolio, making the stock its 17th biggest holding. Paradigm Financial Partners LLC’s holdings in Cintas were worth $5,180,000 at the end of the most recent reporting period.

Other hedge funds have also recently added to or reduced their stakes in the company. Invesco Ltd. grew its position in shares of Cintas by 17.4% in the third quarter. Invesco Ltd. now owns 1,025,615 shares of the business services provider’s stock valued at $493,331,000 after purchasing an additional 151,783 shares during the period. American Century Companies Inc. boosted its holdings in Cintas by 40.7% in the 3rd quarter. American Century Companies Inc. now owns 488,574 shares of the business services provider’s stock worth $235,009,000 after buying an additional 141,375 shares during the last quarter. FMR LLC increased its stake in Cintas by 5.5% during the 3rd quarter. FMR LLC now owns 2,352,581 shares of the business services provider’s stock worth $1,131,615,000 after buying an additional 123,468 shares in the last quarter. Acadian Asset Management LLC raised its holdings in shares of Cintas by 257.8% during the third quarter. Acadian Asset Management LLC now owns 145,520 shares of the business services provider’s stock valued at $69,978,000 after acquiring an additional 104,854 shares during the last quarter. Finally, Nordea Investment Management AB lifted its position in shares of Cintas by 16.6% in the fourth quarter. Nordea Investment Management AB now owns 600,311 shares of the business services provider’s stock valued at $360,637,000 after acquiring an additional 85,662 shares in the last quarter. 63.46% of the stock is owned by hedge funds and other institutional investors.

Wall Street Analyst Weigh In

Several analysts recently commented on the company. Royal Bank of Canada boosted their price target on Cintas from $675.00 to $725.00 and gave the stock an “outperform” rating in a research report on Thursday, March 28th. Robert W. Baird raised their target price on shares of Cintas from $660.00 to $750.00 and gave the stock an “outperform” rating in a research note on Thursday, March 28th. Bank of America upped their price target on Cintas from $700.00 to $790.00 and gave the company a “buy” rating in a research report on Thursday, March 28th. Deutsche Bank Aktiengesellschaft raised their price objective on shares of Cintas from $629.00 to $726.00 and gave the stock a “hold” rating in a research report on Thursday, March 28th. 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 report on Thursday, March 28th. Six analysts have rated the stock with a hold rating and nine have issued a buy rating to the company. Based on data from MarketBeat, Cintas has an average rating of “Moderate Buy” and an average target price of $661.21.

Cintas Stock Up 0.1 %

CTAS stock traded up $0.98 during midday trading on Friday, reaching $666.23. 274,164 shares of the company were exchanged, compared to its average volume of 368,220. The stock’s 50-day simple moving average is $648.22 and its 200 day simple moving average is $593.98. Cintas Co. has a 1-year low of $440.01 and a 1-year high of $704.84. The company has a debt-to-equity ratio of 0.58, a quick ratio of 2.03 and a current ratio of 2.38. The company has a market cap of $67.54 billion, a price-to-earnings ratio of 46.01, a price-to-earnings-growth ratio of 3.90 and a beta of 1.27.

Cintas (NASDAQ:CTAS) last released its quarterly earnings data on Wednesday, March 27th. The business services provider reported $3.84 earnings per share (EPS) for the quarter, beating the consensus estimate of $3.58 by $0.26. Cintas had a net margin of 15.98% and a return on equity of 37.19%. The company had revenue of $2.41 billion during the quarter, compared to the consensus estimate of $2.39 billion. During the same quarter in the prior year, the firm posted $3.14 earnings per share. Cintas’s revenue for the quarter was up 9.9% on a year-over-year basis. On average, equities analysts forecast that Cintas Co. will post 14.95 earnings per share for the current year.

Cintas Announces Dividend

The firm also recently announced 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%.

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.