Marks Group Wealth Management Inc Has $3.77 Million Stock Holdings in Cintas Co. (NASDAQ:CTAS)

Marks Group Wealth Management Inc increased its stake in shares of Cintas Co. (NASDAQ:CTAS) by 1.4% in the 4th quarter, HoldingsChannel.com reports. The institutional investor owned 6,255 shares of the business services provider’s stock after acquiring an additional 88 shares during the quarter. Marks Group Wealth Management Inc’s holdings in Cintas were worth $3,770,000 as of its most recent filing with the SEC.

A number of other institutional investors and hedge funds have also bought and sold shares of the stock. FMR LLC boosted its holdings in shares of Cintas by 5.5% during the third quarter. FMR LLC now owns 2,352,581 shares of the business services provider’s stock worth $1,131,615,000 after acquiring an additional 123,468 shares during the period. Invesco Ltd. boosted its stake in Cintas by 17.4% in the 3rd quarter. Invesco Ltd. now owns 1,025,615 shares of the business services provider’s stock valued at $493,331,000 after purchasing an additional 151,783 shares during the period. Northern Trust Corp grew its holdings in Cintas by 7.6% in the 3rd quarter. Northern Trust Corp now owns 1,008,632 shares of the business services provider’s stock valued at $485,162,000 after buying an additional 71,482 shares in the last quarter. Morgan Stanley increased its position in Cintas by 1.9% during the 3rd quarter. Morgan Stanley now owns 823,280 shares of the business services provider’s stock worth $396,007,000 after buying an additional 15,053 shares during the period. Finally, Nordea Investment Management AB lifted its holdings in shares of Cintas by 16.6% during the fourth quarter. Nordea Investment Management AB now owns 600,311 shares of the business services provider’s stock worth $360,637,000 after buying an additional 85,662 shares in the last quarter. Institutional investors and hedge funds own 63.46% of the company’s stock.

Wall Street Analyst Weigh In

Several equities analysts recently commented on CTAS shares. Truist Financial upped their price target on shares of Cintas from $660.00 to $775.00 and gave the company a “buy” rating in a research note on Thursday, March 28th. Deutsche Bank Aktiengesellschaft lifted their price target on shares of Cintas from $629.00 to $726.00 and gave the company a “hold” rating in a research report on Thursday, March 28th. Oppenheimer reissued a “market perform” rating on shares of Cintas in a research report on Monday, April 1st. UBS Group lifted their price objective on Cintas from $680.00 to $790.00 and gave the company a “buy” rating in a report on Thursday, March 28th. Finally, StockNews.com raised Cintas from a “hold” rating to a “buy” rating in a report on Monday, March 25th. Six analysts have rated the stock with a hold rating and nine have issued a buy rating to the stock. According to MarketBeat.com, the company presently has a consensus rating of “Moderate Buy” and a consensus target price of $661.21.

Cintas Stock Performance

Shares of Cintas stock opened at $666.33 on Wednesday. The company’s 50 day moving average price is $645.27 and its two-hundred day moving average price is $591.22. The firm has a market capitalization of $67.55 billion, a P/E ratio of 46.02, a P/E/G ratio of 3.90 and a beta of 1.27. Cintas Co. has a fifty-two week low of $438.59 and a fifty-two week high of $704.84. The company has a debt-to-equity ratio of 0.58, a current ratio of 2.38 and a quick ratio of 2.03.

Cintas (NASDAQ:CTAS) last issued its quarterly earnings data on Wednesday, March 27th. The business services provider reported $3.84 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $3.58 by $0.26. Cintas had a net margin of 15.98% and a return on equity of 37.19%. The business had revenue of $2.41 billion during the quarter, compared to analyst estimates of $2.39 billion. During the same quarter last year, the business earned $3.14 EPS. The firm’s quarterly revenue was up 9.9% on a year-over-year basis. On average, equities analysts forecast that Cintas Co. will post 14.95 earnings per share for the current fiscal year.

Cintas Dividend Announcement

The company also recently declared a quarterly dividend, which will be paid on Friday, June 14th. Shareholders of record on Wednesday, May 15th will be issued a dividend of $1.35 per share. The ex-dividend date of this dividend is Tuesday, May 14th. This represents a $5.40 annualized dividend and a yield of 0.81%. Cintas’s payout ratio is 37.29%.

Cintas Profile

Cintas Corporation provides 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.