Pathstone Family Office LLC Has $2.21 Million Holdings in Cintas Co. (NASDAQ:CTAS)

Pathstone Family Office LLC raised its holdings in shares of Cintas Co. (NASDAQ:CTASFree Report) by 177.1% in the 3rd quarter, according to its most recent filing with the Securities & Exchange Commission. The institutional investor owned 4,595 shares of the business services provider’s stock after acquiring an additional 2,937 shares during the quarter. Pathstone Family Office LLC’s holdings in Cintas were worth $2,210,000 at the end of the most recent reporting period.

Other hedge funds also recently made changes to their positions in the company. Quarry LP grew its stake in shares of Cintas by 221.1% during the 1st quarter. Quarry LP now owns 61 shares of the business services provider’s stock worth $28,000 after acquiring an additional 42 shares in the last quarter. Sunbelt Securities Inc. bought a new position in shares of Cintas in the first quarter valued at $36,000. Impact Partnership Wealth LLC grew its stake in shares of Cintas by 2,050.0% in the third quarter. Impact Partnership Wealth LLC now owns 86 shares of the business services provider’s stock valued at $41,000 after buying an additional 82 shares in the last quarter. Smithfield Trust Co grew its stake in shares of Cintas by 167.6% in the second quarter. Smithfield Trust Co now owns 99 shares of the business services provider’s stock valued at $49,000 after buying an additional 62 shares in the last quarter. Finally, Clearstead Advisors LLC bought a new position in shares of Cintas in the third quarter valued at $39,000. 62.26% of the stock is owned by institutional investors.

Analysts Set New Price Targets

CTAS has been the subject of several analyst reports. Stifel Nicolaus raised their target price on shares of Cintas from $526.00 to $585.00 and gave the company a “hold” rating in a research note on Friday, December 22nd. JPMorgan Chase & Co. raised their target price on shares of Cintas from $540.00 to $640.00 and gave the company an “overweight” rating in a research note on Friday, December 22nd. Deutsche Bank Aktiengesellschaft cut shares of Cintas from a “buy” rating to a “hold” rating and raised their target price for the company from $551.00 to $590.00 in a research note on Friday, December 8th. StockNews.com raised shares of Cintas from a “hold” rating to a “buy” rating in a research note on Friday, December 29th. Finally, Truist Financial raised their target price on shares of Cintas from $645.00 to $660.00 and gave the company a “buy” rating in a research note on Thursday, January 25th. Six equities research analysts have rated the stock with a hold rating, eight have assigned a buy rating and one has given a strong buy rating to the stock. According to MarketBeat, the company presently has a consensus rating of “Moderate Buy” and a consensus target price of $560.57.

View Our Latest Research Report on CTAS

Insider Activity at Cintas

In related news, CFO J. Michael Hansen sold 9,774 shares of the business’s stock in a transaction dated Friday, December 22nd. The stock was sold at an average price of $596.91, for a total value of $5,834,198.34. Following the completion of the transaction, the chief financial officer now owns 37,732 shares of the company’s stock, valued at $22,522,608.12. The transaction was disclosed in a legal filing with the SEC, which can be accessed through the SEC website. 15.10% of the stock is owned by insiders.

Cintas Stock Up 0.2 %

CTAS opened at $618.22 on Friday. Cintas Co. has a fifty-two week low of $425.00 and a fifty-two week high of $626.18. The company has a debt-to-equity ratio of 0.62, a quick ratio of 1.89 and a current ratio of 2.24. The company has a market capitalization of $62.67 billion, a P/E ratio of 44.86, a P/E/G ratio of 3.58 and a beta of 1.28. The stock has a fifty day moving average of $588.57 and a 200-day moving average of $537.14.

Cintas (NASDAQ:CTASGet Free Report) last posted its earnings results on Thursday, December 21st. The business services provider reported $3.61 earnings per share for the quarter, topping analysts’ consensus estimates of $3.49 by $0.12. The company had revenue of $2.38 billion during the quarter, compared to the consensus estimate of $2.34 billion. Cintas had a return on equity of 36.78% and a net margin of 15.57%. The company’s revenue was up 9.3% on a year-over-year basis. During the same quarter last year, the firm earned $3.12 earnings per share. On average, equities analysts expect that Cintas Co. will post 14.57 EPS for the current year.

Cintas Dividend Announcement

The business also recently declared a quarterly dividend, which will be paid on Friday, March 15th. Investors of record on Thursday, February 15th will be paid a $1.35 dividend. This represents a $5.40 dividend on an annualized basis and a yield of 0.87%. The ex-dividend date is Wednesday, February 14th. Cintas’s dividend payout ratio (DPR) is presently 39.19%.

About Cintas

(Free Report)

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.

See Also

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Institutional Ownership by Quarter for Cintas (NASDAQ:CTAS)

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