171 Shares in Cintas Co. (NASDAQ:CTAS) Acquired by Endeavor Private Wealth Inc.

Endeavor Private Wealth Inc. bought a new position in Cintas Co. (NASDAQ:CTAS) during the 4th quarter, according to its most recent disclosure with the Securities and Exchange Commission. The firm bought 171 shares of the business services provider’s stock, valued at approximately $31,000.

Several other institutional investors and hedge funds also recently added to or reduced their stakes in CTAS. Quarry LP lifted its holdings in shares of Cintas by 500.0% during the 2nd quarter. Quarry LP now owns 108 shares of the business services provider’s stock valued at $76,000 after acquiring an additional 90 shares in the last quarter. Financial Management Professionals Inc. grew its position in Cintas by 341.4% in the third quarter. Financial Management Professionals Inc. now owns 128 shares of the business services provider’s stock valued at $26,000 after acquiring an additional 99 shares in the last quarter. Hollencrest Capital Management raised its stake in shares of Cintas by 433.3% during the third quarter. Hollencrest Capital Management now owns 128 shares of the business services provider’s stock valued at $26,000 after purchasing an additional 104 shares during the period. Addison Advisors LLC boosted its stake in shares of Cintas by 495.7% in the third quarter. Addison Advisors LLC now owns 137 shares of the business services provider’s stock valued at $28,000 after purchasing an additional 114 shares during the period. Finally, Grove Bank & Trust grew its holdings in Cintas by 1,340.0% during the 3rd quarter. Grove Bank & Trust now owns 144 shares of the business services provider’s stock valued at $30,000 after purchasing an additional 134 shares in the last quarter. 63.46% of the stock is currently owned by institutional investors and hedge funds.

Analyst Upgrades and Downgrades

CTAS has been the subject of several recent analyst reports. The Goldman Sachs Group lowered their target price on Cintas from $236.00 to $211.00 and set a “buy” rating for the company in a research note on Friday, December 20th. Morgan Stanley upped their price target on shares of Cintas from $185.00 to $202.00 and gave the company an “equal weight” rating in a report on Thursday, December 12th. Royal Bank of Canada reissued a “sector perform” rating and set a $215.00 price objective on shares of Cintas in a report on Friday, December 20th. Robert W. Baird cut their target price on shares of Cintas from $209.00 to $200.00 and set a “neutral” rating on the stock in a research note on Friday, December 20th. Finally, UBS Group lowered their price objective on Cintas from $240.00 to $218.00 and set a “buy” rating for the company in a report on Friday, December 20th. Two analysts have rated the stock with a sell rating, nine have assigned a hold rating and six have assigned a buy rating to the company’s stock. According to MarketBeat.com, Cintas currently has a consensus rating of “Hold” and an average price target of $198.46.

Cintas Stock Performance

Shares of CTAS opened at $199.02 on Thursday. The firm has a fifty day moving average of $203.73 and a 200-day moving average of $205.62. The company has a market cap of $80.31 billion, a price-to-earnings ratio of 47.99, a price-to-earnings-growth ratio of 3.89 and a beta of 1.37. The company has a debt-to-equity ratio of 0.47, a quick ratio of 1.38 and a current ratio of 1.58. Cintas Co. has a 1 year low of $148.75 and a 1 year high of $228.12.

Cintas (NASDAQ:CTAS) last released its quarterly earnings results on Thursday, December 19th. The business services provider reported $1.09 earnings per share (EPS) for the quarter, topping the consensus estimate of $1.01 by $0.08. Cintas had a return on equity of 40.62% and a net margin of 17.23%. The company had revenue of $2.56 billion during the quarter, compared to analysts’ expectations of $2.56 billion. During the same quarter in the prior year, the business posted $3.61 earnings per share. The company’s revenue for the quarter was up 7.8% compared to the same quarter last year. As a group, equities analysts anticipate that Cintas Co. will post 4.31 earnings per share for the current year.

Cintas Dividend Announcement

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

About Cintas

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.