RWA Wealth Partners LLC Invests $1.57 Million in Cintas Co. (NASDAQ:CTAS)

RWA Wealth Partners LLC purchased a new stake in Cintas Co. (NASDAQ:CTAS) during the fourth quarter, according to its most recent filing with the SEC. The firm purchased 2,606 shares of the business services provider’s stock, valued at approximately $1,571,000.

Several other hedge funds and other institutional investors have also bought and sold shares of CTAS. Janiczek Wealth Management LLC raised its holdings in Cintas by 113.0% in the fourth quarter. Janiczek Wealth Management LLC now owns 49 shares of the business services provider’s stock worth $30,000 after purchasing an additional 26 shares during the period. Catalyst Capital Advisors LLC increased its position in shares of Cintas by 33.9% in the 3rd quarter. Catalyst Capital Advisors LLC now owns 75 shares of the business services provider’s stock valued at $36,000 after buying an additional 19 shares in the last quarter. Impact Partnership Wealth LLC raised its stake in Cintas by 2,050.0% during the 3rd quarter. Impact Partnership Wealth LLC now owns 86 shares of the business services provider’s stock worth $41,000 after buying an additional 82 shares during the period. Raleigh Capital Management Inc. lifted its holdings in Cintas by 66.7% during the third quarter. Raleigh Capital Management Inc. now owns 85 shares of the business services provider’s stock worth $41,000 after acquiring an additional 34 shares in the last quarter. Finally, Ancora Advisors LLC grew its stake in Cintas by 2,833.3% in the third quarter. Ancora Advisors LLC now owns 88 shares of the business services provider’s stock valued at $43,000 after acquiring an additional 85 shares during the period. Institutional investors own 63.46% of the company’s stock.

Cintas Stock Up 0.2 %

Shares of CTAS stock opened at $666.33 on Wednesday. Cintas Co. has a 52-week low of $438.59 and a 52-week high of $704.84. The company has a debt-to-equity ratio of 0.58, a quick ratio of 2.03 and a current ratio of 2.38. The stock has a market cap of $67.55 billion, a price-to-earnings ratio of 46.02, a PEG ratio of 3.90 and a beta of 1.27. The firm’s 50-day moving average is $645.27 and its 200-day moving average is $591.22.

Cintas (NASDAQ:CTAS) last posted its earnings results on Wednesday, March 27th. The business services provider reported $3.84 earnings per share for the quarter, topping analysts’ consensus estimates of $3.58 by $0.26. Cintas had a return on equity of 37.19% and a net margin of 15.98%. The business had revenue of $2.41 billion for the quarter, compared to analyst estimates of $2.39 billion. During the same period in the previous year, the firm earned $3.14 EPS. The firm’s revenue was up 9.9% compared to the same quarter last year. Sell-side analysts predict that Cintas Co. will post 14.95 EPS for the current year.

Cintas Announces Dividend

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

Analysts Set New Price Targets

A number of research firms have recently commented on CTAS. Deutsche Bank Aktiengesellschaft raised their price target on Cintas from $629.00 to $726.00 and gave the stock a “hold” rating in a research report on Thursday, March 28th. UBS Group lifted their price target on shares of Cintas from $680.00 to $790.00 and gave the company a “buy” rating in a research note on Thursday, March 28th. Oppenheimer reissued a “market perform” rating on shares of Cintas in a research report on Monday, April 1st. Royal Bank of Canada boosted their price objective on shares of Cintas from $675.00 to $725.00 and gave the company an “outperform” rating in a research report on Thursday, March 28th. Finally, Barclays increased their target price on Cintas from $630.00 to $700.00 and gave the stock an “overweight” rating in a report on Thursday, February 29th. Six investment analysts have rated the stock with a hold rating and nine have given a buy rating to the company. Based on data from MarketBeat.com, the stock has a consensus rating of “Moderate Buy” and a consensus target price of $661.21.

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.