Aspire Private Capital LLC Sells 52 Shares of Cintas Co. (NASDAQ:CTAS)

Aspire Private Capital LLC cut its stake in Cintas Co. (NASDAQ:CTAS) by 0.4% during the 4th quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The firm owned 12,488 shares of the business services provider’s stock after selling 52 shares during the quarter. Aspire Private Capital LLC’s holdings in Cintas were worth $2,282,000 as of its most recent SEC filing.

Other hedge funds and other institutional investors have also modified their holdings of the company. Atomi Financial Group Inc. grew its holdings in Cintas by 12.9% in the 4th quarter. Atomi Financial Group Inc. now owns 4,442 shares of the business services provider’s stock valued at $812,000 after buying an additional 508 shares in the last quarter. Charles Schwab Trust Co bought a new stake in shares of Cintas in the fourth quarter valued at about $219,000. Portman Square Capital LLP increased its position in Cintas by 147.1% during the fourth quarter. Portman Square Capital LLP now owns 6,400 shares of the business services provider’s stock worth $1,169,000 after acquiring an additional 20,000 shares during the period. Tudor Financial Inc. acquired a new stake in Cintas in the 4th quarter worth about $4,116,000. Finally, Trueblood Wealth Management LLC boosted its holdings in Cintas by 16.0% in the 4th quarter. Trueblood Wealth Management LLC now owns 3,933 shares of the business services provider’s stock valued at $719,000 after purchasing an additional 543 shares during the period. Institutional investors own 63.46% of the company’s stock.

Cintas Stock Up 1.5 %

Cintas stock opened at $201.23 on Wednesday. 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 company has a market capitalization of $81.20 billion, a PE ratio of 48.52, a PEG ratio of 3.83 and a beta of 1.37. The firm’s fifty day moving average is $204.69 and its 200 day moving average is $205.50. Cintas Co. has a 12-month low of $148.75 and a 12-month high of $228.12.

Cintas (NASDAQ:CTAS) last announced its quarterly earnings data on Thursday, December 19th. The business services provider reported $1.09 earnings per share for the quarter, beating the consensus estimate of $1.01 by $0.08. Cintas had a net margin of 17.23% and a return on equity of 40.62%. The firm had revenue of $2.56 billion for the quarter, compared to analyst estimates of $2.56 billion. During the same quarter in the prior year, the business earned $3.61 earnings per share. The business’s quarterly revenue was up 7.8% compared to the same quarter last year. As a group, sell-side analysts predict that Cintas Co. will post 4.31 EPS for the current fiscal year.

Cintas Announces Dividend

The company also recently disclosed a quarterly dividend, which will be paid on Friday, March 14th. Stockholders of record on Friday, February 14th will be issued a dividend of $0.39 per share. The ex-dividend date is Friday, February 14th. This represents a $1.56 annualized dividend and a dividend yield of 0.78%. Cintas’s dividend payout ratio is 37.61%.

Wall Street Analysts Forecast Growth

CTAS has been the topic of several recent research reports. Jefferies Financial Group lowered their target price on shares of Cintas from $730.00 to $200.00 and set a “hold” rating on the stock in a report on Thursday, September 26th. Morgan Stanley lifted their price objective on Cintas from $185.00 to $202.00 and gave the company an “equal weight” rating in a report on Thursday, December 12th. Wells Fargo & Company reduced their target price on Cintas from $191.00 to $184.00 and set an “underweight” rating on the stock in a report on Friday, December 20th. UBS Group dropped their price target on Cintas from $240.00 to $218.00 and set a “buy” rating for the company in a research note on Friday, December 20th. Finally, Truist Financial decreased their target price on shares of Cintas from $225.00 to $215.00 and set a “buy” rating on the stock in a report on Friday, December 20th. Two equities research analysts have rated the stock with a sell rating, nine have assigned a hold rating and six have assigned a buy rating to the company’s stock. According to data from MarketBeat, Cintas presently has a consensus rating of “Hold” and an average price target of $198.46.

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.