Brookstone Capital Management Boosts Position in Cintas Co. (NASDAQ:CTAS)

Brookstone Capital Management lifted its position in Cintas Co. (NASDAQ:CTAS) by 18.2% in the fourth quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The firm owned 1,278 shares of the business services provider’s stock after purchasing an additional 197 shares during the quarter. Brookstone Capital Management’s holdings in Cintas were worth $233,000 at the end of the most recent reporting period.

Other hedge funds and other institutional investors have also recently bought and sold shares of the company. Mercer Global Advisors Inc. ADV lifted its holdings in Cintas by 1.0% in the second quarter. Mercer Global Advisors Inc. ADV now owns 6,664 shares of the business services provider’s stock valued at $5,053,000 after acquiring an additional 65 shares during the last quarter. Seven Eight Capital LP lifted its stake in shares of Cintas by 28.2% in the 2nd quarter. Seven Eight Capital LP now owns 486 shares of the business services provider’s stock valued at $340,000 after purchasing an additional 107 shares during the last quarter. AE Wealth Management LLC grew its holdings in shares of Cintas by 32.0% during the 2nd quarter. AE Wealth Management LLC now owns 3,223 shares of the business services provider’s stock worth $2,257,000 after purchasing an additional 781 shares during the period. Sei Investments Co. increased its position in shares of Cintas by 57.4% during the 2nd quarter. Sei Investments Co. now owns 38,848 shares of the business services provider’s stock worth $27,202,000 after purchasing an additional 14,170 shares during the last quarter. Finally, Ensign Peak Advisors Inc raised its holdings in Cintas by 4.6% in the 2nd quarter. Ensign Peak Advisors Inc now owns 61,158 shares of the business services provider’s stock valued at $42,827,000 after buying an additional 2,703 shares during the period. 63.46% of the stock is currently owned by institutional investors and hedge funds.

Wall Street Analyst Weigh In

A number of equities research analysts have weighed in on the stock. Robert W. Baird dropped their price target on shares of Cintas from $209.00 to $200.00 and set a “neutral” rating for the company in a research report on Friday, December 20th. Royal Bank of Canada reissued a “sector perform” rating and issued a $215.00 target price on shares of Cintas in a research report on Friday, December 20th. Morgan Stanley raised their price target on Cintas from $185.00 to $202.00 and gave the stock an “equal weight” rating in a research report on Thursday, December 12th. Truist Financial cut their price objective on Cintas from $225.00 to $215.00 and set a “buy” rating on the stock in a report on Friday, December 20th. Finally, Jefferies Financial Group reduced their price target on shares of Cintas from $730.00 to $200.00 and set a “hold” rating on the stock in a research report on Thursday, September 26th. Two equities research analysts have rated the stock with a sell rating, nine have given a hold rating and six have issued a buy rating to the stock. According to data from MarketBeat, Cintas has a consensus rating of “Hold” and an average target price of $198.46.

Cintas Price Performance

Shares of CTAS opened at $198.31 on Monday. The company has a debt-to-equity ratio of 0.47, a current ratio of 1.58 and a quick ratio of 1.38. Cintas Co. has a 1-year low of $146.63 and a 1-year high of $228.12. The stock has a market cap of $80.03 billion, a PE ratio of 47.81, a price-to-earnings-growth ratio of 3.65 and a beta of 1.37. The firm has a fifty day moving average price of $205.21 and a 200 day moving average price of $205.14.

Cintas (NASDAQ:CTAS) last posted 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. The business had revenue of $2.56 billion during the quarter, compared to the consensus estimate of $2.56 billion. Cintas had a return on equity of 40.62% and a net margin of 17.23%. The company’s revenue was up 7.8% compared to the same quarter last year. During the same period in the prior year, the company earned $3.61 earnings per share. As a group, sell-side analysts anticipate that Cintas Co. will post 4.31 EPS for the current year.

Cintas Announces Dividend

The company also recently disclosed a quarterly dividend, which will be paid on Friday, March 14th. Shareholders of record on Friday, February 14th will be paid a $0.39 dividend. The ex-dividend date of this dividend is Friday, February 14th. This represents a $1.56 annualized dividend and a yield of 0.79%. Cintas’s dividend payout ratio is currently 37.59%.

Cintas 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.