R Squared Ltd Invests $247,000 in Cintas Co. (NASDAQ:CTAS)

R Squared Ltd bought a new stake in Cintas Co. (NASDAQ:CTAS) in the 4th quarter, according to its most recent filing with the SEC. The fund bought 1,350 shares of the business services provider’s stock, valued at approximately $247,000.

Several other large investors have also recently made changes to their positions in CTAS. Aaron Wealth Advisors LLC increased its holdings in Cintas by 2.0% in the 4th quarter. Aaron Wealth Advisors LLC now owns 2,803 shares of the business services provider’s stock worth $512,000 after acquiring an additional 55 shares in the last quarter. Simon Quick Advisors LLC grew its position in shares of Cintas by 5.5% in the fourth quarter. Simon Quick Advisors LLC now owns 1,213 shares of the business services provider’s stock valued at $222,000 after purchasing an additional 63 shares during the period. KPP Advisory Services LLC increased its stake in shares of Cintas by 19.6% during the second quarter. KPP Advisory Services LLC now owns 434 shares of the business services provider’s stock worth $304,000 after purchasing an additional 71 shares in the last quarter. First Hawaiian Bank raised its position in shares of Cintas by 0.4% during the 4th quarter. First Hawaiian Bank now owns 17,105 shares of the business services provider’s stock worth $3,125,000 after purchasing an additional 73 shares during the last quarter. Finally, Grove Bank & Trust raised its position in shares of Cintas by 52.8% during the 4th quarter. Grove Bank & Trust now owns 220 shares of the business services provider’s stock worth $40,000 after purchasing an additional 76 shares during the last quarter. 63.46% of the stock is currently owned by institutional investors and hedge funds.

Cintas Stock Performance

NASDAQ:CTAS opened at $200.43 on Wednesday. Cintas Co. has a 12 month low of $148.87 and a 12 month high of $228.12. The company has a debt-to-equity ratio of 0.47, a current ratio of 1.58 and a quick ratio of 1.38. The firm has a market capitalization of $80.88 billion, a PE ratio of 48.33, a price-to-earnings-growth ratio of 3.84 and a beta of 1.37. The business’s fifty day moving average price is $202.71 and its 200 day moving average price is $206.25.

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, topping the consensus estimate of $1.01 by $0.08. The business had revenue of $2.56 billion for the quarter, compared to analyst estimates of $2.56 billion. Cintas had a return on equity of 40.62% and a net margin of 17.23%. The business’s quarterly revenue was up 7.8% on a year-over-year basis. During the same quarter last year, the company earned $3.61 EPS. On average, sell-side analysts anticipate that Cintas Co. will post 4.31 earnings per share for the current fiscal year.

Cintas Announces Dividend

The business also recently announced a quarterly dividend, which will be paid on Friday, March 14th. Stockholders of record on Friday, February 14th will be issued a $0.39 dividend. This represents a $1.56 annualized dividend and a dividend yield of 0.78%. The ex-dividend date is Friday, February 14th. Cintas’s payout ratio is 37.61%.

Analysts Set New Price Targets

CTAS has been the topic of several research analyst reports. Robert W. Baird cut their price objective on Cintas from $209.00 to $200.00 and set a “neutral” rating for the company in a research note on Friday, December 20th. Morgan Stanley boosted their price target on Cintas from $185.00 to $202.00 and gave the stock an “equal weight” rating in a research report on Thursday, December 12th. Wells Fargo & Company reduced their price objective on Cintas from $191.00 to $184.00 and set an “underweight” rating for the company in a research note on Friday, December 20th. Royal Bank of Canada reaffirmed a “sector perform” rating and set a $215.00 target price on shares of Cintas in a research note on Friday, December 20th. Finally, UBS Group decreased their target price on shares of Cintas from $240.00 to $218.00 and set a “buy” rating on the stock in a research note on Friday, December 20th. Two analysts have rated the stock with a sell rating, nine have issued a hold rating and six have assigned a buy rating to the company’s stock. Based on data from MarketBeat.com, the stock has an average rating of “Hold” and an average price target of $198.46.

Cintas Company Profile

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.