Newbridge Financial Services Group Inc. Makes New Investment in Cintas Co. (NASDAQ:CTAS)

Newbridge Financial Services Group Inc. bought a new position in Cintas Co. (NASDAQ:CTAS) during the 4th quarter, Holdings Channel.com reports. The fund bought 184 shares of the business services provider’s stock, valued at approximately $34,000.

Several other institutional investors and hedge funds have also bought and sold shares of the company. Guardian Wealth Advisors LLC boosted its position in Cintas by 3.1% in the fourth quarter. Guardian Wealth Advisors LLC now owns 1,741 shares of the business services provider’s stock worth $318,000 after purchasing an additional 52 shares during the last quarter. Aaron Wealth Advisors LLC lifted its position in shares of Cintas by 2.0% during the 4th quarter. Aaron Wealth Advisors LLC now owns 2,803 shares of the business services provider’s stock valued at $512,000 after buying an additional 55 shares in the last quarter. S.A. Mason LLC lifted its position in shares of Cintas by 3.3% during the 4th quarter. S.A. Mason LLC now owns 1,703 shares of the business services provider’s stock valued at $311,000 after buying an additional 55 shares in the last quarter. Simon Quick Advisors LLC lifted its position in shares of Cintas by 5.5% during the 4th quarter. Simon Quick Advisors LLC now owns 1,213 shares of the business services provider’s stock valued at $222,000 after buying an additional 63 shares in the last quarter. Finally, Catalina Capital Group LLC lifted its position in shares of Cintas by 5.7% during the 4th quarter. Catalina Capital Group LLC now owns 1,212 shares of the business services provider’s stock valued at $221,000 after buying an additional 65 shares in the last quarter. 63.46% of the stock is owned by hedge funds and other institutional investors.

Analyst Ratings Changes

CTAS has been the topic of a number of analyst reports. UBS Group lowered their price objective on Cintas from $240.00 to $218.00 and set a “buy” rating on the stock in a research report on Friday, December 20th. Robert W. Baird lowered their price objective on Cintas from $209.00 to $200.00 and set a “neutral” rating on the stock in a research report on Friday, December 20th. Wells Fargo & Company lowered their price objective on Cintas from $191.00 to $184.00 and set an “underweight” rating on the stock in a research report on Friday, December 20th. The Goldman Sachs Group lowered their price target on Cintas from $236.00 to $211.00 and set a “buy” rating on the stock in a report on Friday, December 20th. Finally, Truist Financial lowered their price target on Cintas from $225.00 to $215.00 and set a “buy” rating on the stock in a report on Friday, December 20th. Two analysts have rated the stock with a sell rating, nine have issued a hold rating and six have issued a buy rating to the company. According to data from MarketBeat, the company presently has a consensus rating of “Hold” and an average price target of $198.46.

Cintas Stock Performance

NASDAQ:CTAS opened at $205.40 on Wednesday. The company has a debt-to-equity ratio of 0.47, a current ratio of 1.58 and a quick ratio of 1.38. Cintas Co. has a 1 year low of $150.70 and a 1 year high of $228.12. The stock’s 50 day simple moving average is $198.50 and its two-hundred day simple moving average is $207.36. The company has a market cap of $82.89 billion, a price-to-earnings ratio of 49.52, a PEG ratio of 3.95 and a beta of 1.38.

Cintas (NASDAQ:CTAS) last released its quarterly earnings data on Thursday, December 19th. The business services provider reported $1.09 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $1.01 by $0.08. Cintas had a return on equity of 40.62% and a net margin of 17.23%. The business had revenue of $2.56 billion for the quarter, compared to the consensus estimate of $2.56 billion. During the same quarter in the previous year, the company posted $3.61 EPS. The company’s revenue 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 fiscal year.

Cintas Dividend Announcement

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 given a dividend of $0.39 per share. This represents a $1.56 annualized dividend and a dividend yield of 0.76%. The ex-dividend date is Friday, February 14th. 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.