denkapparat Operations GmbH Takes $250,000 Position in Cintas Co. (NASDAQ:CTAS)

denkapparat Operations GmbH purchased a new position in Cintas Co. (NASDAQ:CTAS) during the 4th quarter, Holdings Channel.com reports. The firm purchased 1,368 shares of the business services provider’s stock, valued at approximately $250,000.

A number of other institutional investors and hedge funds also recently added to or reduced their stakes in CTAS. Sound Income Strategies LLC purchased a new stake in shares of Cintas in the fourth quarter worth $27,000. Cyrus J. Lawrence LLC purchased a new position in shares of Cintas in the 4th quarter worth about $29,000. Endeavor Private Wealth Inc. bought a new position in Cintas in the 4th quarter worth about $31,000. IAG Wealth Partners LLC grew its position in Cintas by 136.8% during the 4th quarter. IAG Wealth Partners LLC now owns 180 shares of the business services provider’s stock valued at $33,000 after purchasing an additional 104 shares during the last quarter. Finally, Newbridge Financial Services Group Inc. bought a new stake in Cintas during the 4th quarter valued at about $34,000. Institutional investors own 63.46% of the company’s stock.

Cintas Trading Down 1.5 %

Cintas stock opened at $203.22 on Friday. Cintas Co. has a 52-week low of $162.16 and a 52-week high of $228.12. The company has a market cap of $82.01 billion, a P/E ratio of 49.00, a P/E/G ratio of 3.98 and a beta of 1.41. The company has a quick ratio of 1.38, a current ratio of 1.58 and a debt-to-equity ratio of 0.47. The business has a 50-day simple moving average of $201.01 and a two-hundred day simple moving average of $208.88.

Cintas (NASDAQ:CTAS) last announced its earnings results on Wednesday, March 26th. The business services provider reported $1.13 earnings per share (EPS) for the quarter, beating the consensus estimate of $1.05 by $0.08. Cintas had a net margin of 17.23% and a return on equity of 40.62%. The company had revenue of $2.61 billion during the quarter, compared to analyst estimates of $2.60 billion. During the same period in the previous year, the business posted $3.84 earnings per share. The firm’s quarterly revenue was up 8.4% compared to the same quarter last year. Analysts predict that Cintas Co. will post 4.31 EPS for the current year.

Cintas Dividend Announcement

The business also recently announced a quarterly dividend, which was paid on Friday, March 14th. Investors of record on Friday, February 14th were given a dividend of $0.39 per share. The ex-dividend date was Friday, February 14th. This represents a $1.56 annualized dividend and a yield of 0.77%. Cintas’s dividend payout ratio (DPR) is presently 36.11%.

Wall Street Analysts Forecast Growth

CTAS has been the topic of several analyst reports. UBS Group upped their target price on shares of Cintas from $218.00 to $240.00 and gave the stock a “buy” rating in a research note on Thursday. Citigroup started coverage on Cintas in a research report on Monday, February 24th. They issued a “sell” rating and a $161.00 price objective on the stock. The Goldman Sachs Group lifted their target price on Cintas from $211.00 to $233.00 and gave the stock a “buy” rating in a report on Thursday. Truist Financial upped their price target on Cintas from $215.00 to $230.00 and gave the company a “buy” rating in a report on Thursday. Finally, Wells Fargo & Company lifted their price objective on Cintas from $184.00 to $196.00 and gave the stock an “underweight” rating in a report on Thursday. Two investment analysts have rated the stock with a sell rating, eight have assigned a hold rating and five have issued a buy rating to the stock. Based on data from MarketBeat, the stock currently has an average rating of “Hold” and an average target price of $210.58.

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.