Cintas Co. (NASDAQ:CTAS) Shares Bought by Fidelis Capital Partners LLC

Fidelis Capital Partners LLC raised its holdings in Cintas Co. (NASDAQ:CTAS) by 4.9% during the fourth quarter, according to the company in its most recent Form 13F filing with the SEC. The firm owned 748 shares of the business services provider’s stock after purchasing an additional 35 shares during the quarter. Fidelis Capital Partners LLC’s holdings in Cintas were worth $451,000 as of its most recent filing with the SEC.

A number of other institutional investors also recently bought and sold shares of CTAS. Norges Bank acquired a new position in Cintas in the fourth quarter valued at $379,291,000. Select Equity Group L.P. increased its stake in shares of Cintas by 1,344.1% during the fourth quarter. Select Equity Group L.P. now owns 473,448 shares of the business services provider’s stock worth $213,819,000 after acquiring an additional 440,662 shares during the period. Goldman Sachs Group Inc. increased its stake in shares of Cintas by 52.5% during the second quarter. Goldman Sachs Group Inc. now owns 850,617 shares of the business services provider’s stock worth $422,825,000 after acquiring an additional 292,701 shares during the period. Arrowstreet Capital Limited Partnership increased its stake in shares of Cintas by 8,140.0% during the first quarter. Arrowstreet Capital Limited Partnership now owns 173,039 shares of the business services provider’s stock worth $73,609,000 after acquiring an additional 170,939 shares during the period. Finally, Invesco Ltd. increased its stake in shares of Cintas by 17.4% during the third quarter. Invesco Ltd. now owns 1,025,615 shares of the business services provider’s stock worth $493,331,000 after acquiring an additional 151,783 shares during the period. 63.46% of the stock is currently owned by institutional investors and hedge funds.

Cintas Stock Performance

Shares of CTAS opened at $661.29 on Friday. 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 capitalization of $67.03 billion, a price-to-earnings ratio of 45.67, a PEG ratio of 3.88 and a beta of 1.27. The company’s 50 day simple moving average is $643.04 and its 200 day simple moving average is $587.23. Cintas Co. has a 1 year low of $438.59 and a 1 year high of $704.84.

Cintas (NASDAQ:CTAS) last announced 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. The business had revenue of $2.41 billion for the quarter, compared to the consensus estimate of $2.39 billion. Cintas had a net margin of 15.98% and a return on equity of 37.19%. The company’s quarterly revenue was up 9.9% compared to the same quarter last year. During the same quarter in the prior year, the firm posted $3.14 earnings per share. On average, sell-side analysts predict that Cintas Co. will post 14.95 EPS for the current year.

Cintas Announces Dividend

The company also recently disclosed a quarterly dividend, which will be paid on Friday, June 14th. Investors of record on Wednesday, May 15th will be paid a dividend of $1.35 per share. This represents a $5.40 annualized dividend and a dividend yield of 0.82%. The ex-dividend date of this dividend is Tuesday, May 14th. Cintas’s payout ratio is 37.29%.

Wall Street Analysts Forecast Growth

A number of research analysts have recently issued reports on the stock. Bank of America boosted their price target on shares of Cintas from $700.00 to $790.00 and gave the stock a “buy” rating in a research note on Thursday, March 28th. Stifel Nicolaus boosted their price target on shares of Cintas from $526.00 to $585.00 and gave the stock a “hold” rating in a research note on Friday, December 22nd. Truist Financial boosted their price target on shares of Cintas from $660.00 to $775.00 and gave the stock a “buy” rating in a research note on Thursday, March 28th. UBS Group boosted their price objective on shares of Cintas from $680.00 to $790.00 and gave the stock a “buy” rating in a report on Thursday, March 28th. Finally, Barclays boosted their price objective on shares of Cintas from $630.00 to $700.00 and gave the stock an “overweight” rating in a report on Thursday, February 29th. Six research analysts have rated the stock with a hold rating and nine have issued a buy rating to the company. According to MarketBeat.com, the company has a consensus 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.