Choreo LLC Raises Holdings in Cintas Co. (NASDAQ:CTAS)

Choreo LLC increased its position in shares of Cintas Co. (NASDAQ:CTAS) by 43.5% in the 4th quarter, according to its most recent disclosure with the SEC. The institutional investor owned 9,677 shares of the business services provider’s stock after purchasing an additional 2,934 shares during the quarter. Choreo LLC’s holdings in Cintas were worth $1,777,000 as of its most recent filing with the SEC.

Other large investors have also recently made changes to their positions in the company. Financial Management Professionals Inc. grew its holdings in Cintas by 341.4% in the 3rd quarter. Financial Management Professionals Inc. now owns 128 shares of the business services provider’s stock valued at $26,000 after buying an additional 99 shares in the last quarter. Hollencrest Capital Management grew its holdings in Cintas by 433.3% in the 3rd quarter. Hollencrest Capital Management now owns 128 shares of the business services provider’s stock valued at $26,000 after buying an additional 104 shares in the last quarter. Addison Advisors LLC grew its holdings in Cintas by 495.7% in the 3rd quarter. Addison Advisors LLC now owns 137 shares of the business services provider’s stock valued at $28,000 after buying an additional 114 shares in the last quarter. Grove Bank & Trust grew its holdings in Cintas by 1,340.0% in the 3rd quarter. Grove Bank & Trust now owns 144 shares of the business services provider’s stock valued at $30,000 after buying an additional 134 shares in the last quarter. Finally, Sound Income Strategies LLC purchased a new stake in Cintas in the 4th quarter valued at $27,000. 63.46% of the stock is currently owned by hedge funds and other institutional investors.

Cintas Price Performance

CTAS opened at $202.06 on Friday. The stock’s 50-day moving average price is $199.35 and its 200 day moving average price is $206.94. Cintas Co. has a 12-month low of $150.70 and a 12-month high of $228.12. The company has a current ratio of 1.58, a quick ratio of 1.38 and a debt-to-equity ratio of 0.47. The firm has a market cap of $81.54 billion, a price-to-earnings ratio of 48.72, a PEG ratio of 3.87 and a beta of 1.38.

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

Cintas Dividend Announcement

The firm 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 0.77%. The ex-dividend date is Friday, February 14th. Cintas’s dividend payout ratio (DPR) is presently 37.61%.

Analyst Ratings Changes

Several analysts have issued reports on CTAS shares. Royal Bank of Canada restated a “sector perform” rating and issued a $215.00 target price on shares of Cintas in a report on Friday, December 20th. UBS Group dropped their target price on Cintas from $240.00 to $218.00 and set a “buy” rating for the company in a report on Friday, December 20th. Wells Fargo & Company dropped their target price on Cintas from $191.00 to $184.00 and set an “underweight” rating for the company in a 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 for the company 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 for the company in a report on Friday, December 20th. Two research analysts have rated the stock with a sell rating, nine have issued a hold rating and six have assigned a buy rating to the stock. Based on data from MarketBeat.com, the company currently has a consensus rating of “Hold” and an average price target of $198.46.

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.