EntryPoint Capital LLC Grows Position in Cintas Co. (NASDAQ:CTAS)

EntryPoint Capital LLC grew its position in shares of Cintas Co. (NASDAQ:CTAS) by 26.8% in the 4th quarter, Holdings Channel.com reports. The firm owned 1,443 shares of the business services provider’s stock after buying an additional 305 shares during the period. EntryPoint Capital LLC’s holdings in Cintas were worth $264,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Other large investors have also recently made changes to their positions in the company. Sound Income Strategies LLC purchased a new position in Cintas in the fourth quarter valued at $27,000. Cyrus J. Lawrence LLC acquired a new stake in shares of Cintas during the 4th quarter valued at about $29,000. Endeavor Private Wealth Inc. purchased a new position in shares of Cintas in the 4th quarter valued at about $31,000. IAG Wealth Partners LLC increased its stake in shares of Cintas by 136.8% in 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 in the last quarter. Finally, Newbridge Financial Services Group Inc. acquired a new position in Cintas in the 4th quarter worth about $34,000. 63.46% of the stock is currently owned by institutional investors and hedge funds.

Analyst Ratings Changes

A number of analysts have recently commented on the company. Citigroup began coverage on Cintas in a research report on Monday, February 24th. They issued a “sell” rating and a $161.00 price objective for the company. Robert W. Baird upped their price objective on shares of Cintas from $200.00 to $227.00 and gave the stock a “neutral” rating in a research report on Thursday. Wells Fargo & Company lifted their target price on shares of Cintas from $184.00 to $196.00 and gave the company an “underweight” rating in a research report on Thursday. Truist Financial upped their price target on shares of Cintas from $215.00 to $230.00 and gave the stock a “buy” rating in a research report on Thursday. Finally, Royal Bank of Canada reiterated a “sector perform” rating and issued a $215.00 price objective on shares of Cintas 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 assigned a buy rating to the stock. Based on data from MarketBeat.com, the company has a consensus rating of “Hold” and a consensus target price of $210.58.

Cintas Stock Performance

Shares of Cintas stock opened at $203.22 on Friday. The business’s 50 day moving average price is $201.01 and its 200 day moving average price is $208.88. The company has a market cap of $82.01 billion, a price-to-earnings ratio of 49.00, a PEG ratio of 3.98 and a beta of 1.41. 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 one year low of $162.16 and a one year high of $228.12.

Cintas (NASDAQ:CTAS) last announced its quarterly earnings results on Wednesday, March 26th. The business services provider reported $1.13 earnings per share 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 firm had revenue of $2.61 billion for the quarter, compared to analysts’ expectations of $2.60 billion. During the same quarter in the previous year, the company posted $3.84 EPS. The company’s revenue was up 8.4% compared to the same quarter last year. On average, research analysts predict that Cintas Co. will post 4.31 EPS for the current year.

Cintas Dividend Announcement

The company also recently declared a quarterly dividend, which was paid on Friday, March 14th. Stockholders of record on Friday, February 14th were issued a dividend of $0.39 per share. The ex-dividend date was Friday, February 14th. This represents a $1.56 dividend on an annualized basis and a dividend yield of 0.77%. Cintas’s dividend payout ratio is currently 36.11%.

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.