Wayfinding Financial LLC Purchases Shares of 2,407 Cintas Co. (NASDAQ:CTAS)

Wayfinding Financial LLC bought a new position in Cintas Co. (NASDAQ:CTAS) in the 4th quarter, according to its most recent Form 13F filing with the SEC. The institutional investor bought 2,407 shares of the business services provider’s stock, valued at approximately $439,000.

Other hedge funds and other institutional investors have also recently modified their holdings of the company. Sound Income Strategies LLC purchased a new position in shares of Cintas in the fourth quarter valued at about $27,000. Endeavor Private Wealth Inc. bought a new stake in shares of Cintas in the fourth quarter worth about $31,000. IAG Wealth Partners LLC boosted its stake in 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. Newbridge Financial Services Group Inc. bought a new position in shares of Cintas during the 4th quarter valued at approximately $34,000. Finally, OFI Invest Asset Management bought a new position in Cintas during the fourth quarter valued at $37,000. 63.46% of the stock is owned by hedge funds and other institutional investors.

Wall Street Analysts Forecast Growth

A number of equities research analysts have issued reports on CTAS shares. Wells Fargo & Company decreased 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. Truist Financial dropped their price objective on Cintas from $225.00 to $215.00 and set a “buy” rating for the company in a report on Friday, December 20th. Citigroup began coverage on Cintas in a research note on Monday, February 24th. They issued a “sell” rating and a $161.00 target price on the stock. Morgan Stanley upped their target price on shares of Cintas from $185.00 to $202.00 and gave the stock an “equal weight” rating in a research note on Thursday, December 12th. Finally, Robert W. Baird dropped their target price on shares of Cintas from $209.00 to $200.00 and set a “neutral” rating on the stock 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 issued a buy rating to the company’s stock. According to MarketBeat, the company has a consensus rating of “Hold” and an average target price of $199.79.

Cintas Stock Performance

CTAS opened at $194.46 on Friday. 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 Co. has a 52-week low of $158.10 and a 52-week high of $228.12. The company has a market cap of $78.47 billion, a price-to-earnings ratio of 46.89, a PEG ratio of 3.98 and a beta of 1.41. The firm’s fifty day simple moving average is $200.43 and its two-hundred day simple moving average is $208.92.

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

Cintas Announces Dividend

The company also recently declared a quarterly dividend, which was paid on Friday, March 14th. Stockholders 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 dividend yield of 0.80%. Cintas’s payout ratio is 37.59%.

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.