PAX Financial Group LLC Purchases 549 Shares of Cintas Co. (NASDAQ:CTAS)

PAX Financial Group LLC lifted its stake in shares of Cintas Co. (NASDAQ:CTAS) by 15.2% during the 4th quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The fund owned 4,164 shares of the business services provider’s stock after purchasing an additional 549 shares during the quarter. PAX Financial Group LLC’s holdings in Cintas were worth $761,000 as of its most recent filing with the Securities and Exchange Commission.

Other large investors also recently modified their holdings of the company. Sound Income Strategies LLC acquired a new stake in shares of Cintas in the fourth quarter valued at about $27,000. Cyrus J. Lawrence LLC acquired a new position in Cintas during the 4th quarter worth approximately $29,000. Endeavor Private Wealth Inc. bought a new position in shares of Cintas in the 4th quarter worth $31,000. IAG Wealth Partners LLC grew its holdings in shares of Cintas by 136.8% during the fourth quarter. IAG Wealth Partners LLC now owns 180 shares of the business services provider’s stock valued at $33,000 after buying an additional 104 shares during the last quarter. Finally, Newbridge Financial Services Group Inc. bought a new stake in Cintas during the 4th quarter worth approximately $34,000. 63.46% of the stock is currently owned by institutional investors.

Cintas Stock Performance

NASDAQ CTAS opened at $204.85 on Friday. The firm has a market cap of $82.67 billion, a price-to-earnings ratio of 49.39, a PEG ratio of 3.98 and a beta of 1.41. Cintas Co. has a 12-month low of $162.16 and a 12-month high of $228.12. The company has a 50-day simple moving average of $201.62 and a two-hundred day simple moving average of $204.64. The company has a quick ratio of 1.38, a current ratio of 1.58 and a debt-to-equity ratio of 0.47.

Cintas (NASDAQ:CTAS) last announced its quarterly earnings results on Wednesday, March 26th. The business services provider reported $1.13 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $1.05 by $0.08. The business had revenue of $2.61 billion for the quarter, compared to analyst estimates of $2.60 billion. Cintas had a net margin of 17.23% and a return on equity of 40.62%. The company’s revenue was up 8.4% on a year-over-year basis. During the same quarter last year, the firm earned $3.84 EPS. On average, equities analysts forecast that Cintas Co. will post 4.31 EPS for the current year.

Cintas Dividend Announcement

The business also recently disclosed a quarterly dividend, which was paid on Friday, March 14th. Shareholders of record on Friday, February 14th were issued a $0.39 dividend. The ex-dividend date was Friday, February 14th. This represents a $1.56 annualized dividend and a yield of 0.76%. Cintas’s dividend payout ratio (DPR) is presently 36.11%.

Wall Street Analysts Forecast Growth

A number of research firms recently weighed in on CTAS. Royal Bank of Canada reissued a “sector perform” rating and set a $215.00 price target on shares of Cintas in a research report on Thursday, March 27th. UBS Group upped their price objective on shares of Cintas from $218.00 to $240.00 and gave the company a “buy” rating in a report on Thursday, March 27th. Citigroup started coverage on Cintas in a report on Monday, February 24th. They issued a “sell” rating and a $161.00 price target for the company. The Goldman Sachs Group upped their target price on shares of Cintas from $211.00 to $233.00 and gave the stock a “buy” rating in a report on Thursday, March 27th. Finally, Wells Fargo & Company upped their target price on Cintas from $184.00 to $196.00 and gave the stock an “underweight” rating in a research note on Thursday, March 27th. Two research analysts have rated the stock with a sell rating, seven have given a hold rating and five have given a buy rating to the stock. Based on data from MarketBeat, Cintas presently has an average rating of “Hold” and an average price target 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.