Citizens Financial Group Inc. RI Grows Holdings in Cintas Co. (NASDAQ:CTAS)

Citizens Financial Group Inc. RI lifted its holdings in Cintas Co. (NASDAQ:CTAS) by 13.8% during the fourth quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm owned 8,190 shares of the business services provider’s stock after buying an additional 993 shares during the quarter. Citizens Financial Group Inc. RI’s holdings in Cintas were worth $4,935,000 as of its most recent SEC filing.

A number of other hedge funds and other institutional investors have also recently modified their holdings of CTAS. Janiczek Wealth Management LLC grew its position in Cintas by 113.0% during the 4th quarter. Janiczek Wealth Management LLC now owns 49 shares of the business services provider’s stock valued at $30,000 after purchasing an additional 26 shares during the last quarter. Catalyst Capital Advisors LLC grew its position in Cintas by 33.9% during the 3rd quarter. Catalyst Capital Advisors LLC now owns 75 shares of the business services provider’s stock valued at $36,000 after purchasing an additional 19 shares during the last quarter. Turtle Creek Wealth Advisors LLC purchased a new stake in Cintas during the 4th quarter valued at about $46,000. Oakworth Capital Inc. purchased a new stake in Cintas during the 4th quarter valued at about $48,000. Finally, Raleigh Capital Management Inc. grew its position in Cintas by 66.7% during the 3rd quarter. Raleigh Capital Management Inc. now owns 85 shares of the business services provider’s stock valued at $41,000 after purchasing an additional 34 shares during the last quarter. 63.46% of the stock is owned by hedge funds and other institutional investors.

Cintas Stock Performance

Shares of NASDAQ:CTAS traded up $0.98 during trading on Friday, hitting $666.23. The company’s stock had a trading volume of 274,164 shares, compared to its average volume of 368,220. The company has a 50-day moving average of $648.22 and a 200-day moving average of $593.38. Cintas Co. has a 12 month low of $440.01 and a 12 month 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. The firm has a market cap of $67.54 billion, a price-to-earnings ratio of 46.01, a P/E/G ratio of 3.90 and a beta of 1.27.

Cintas (NASDAQ:CTAS) last issued its quarterly earnings results on Wednesday, March 27th. The business services provider reported $3.84 earnings per share for the quarter, beating the consensus estimate 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 for the quarter, compared to the consensus estimate of $2.39 billion. During the same quarter in the previous year, the firm earned $3.14 earnings per share. The company’s revenue for the quarter was up 9.9% on a year-over-year basis. On average, sell-side analysts expect that Cintas Co. will post 14.95 earnings per share for the current 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. This represents a $5.40 annualized dividend and a yield of 0.81%. The ex-dividend date is Tuesday, May 14th. Cintas’s dividend payout ratio is currently 37.29%.

Analyst Upgrades and Downgrades

Several analysts recently commented on CTAS shares. Robert W. Baird increased their price objective on shares of Cintas from $660.00 to $750.00 and gave the company an “outperform” rating in a research report on Thursday, March 28th. Truist Financial raised their price target on shares of Cintas from $660.00 to $775.00 and gave the company a “buy” rating in a report on Thursday, March 28th. Deutsche Bank Aktiengesellschaft raised their price target on shares of Cintas from $629.00 to $726.00 and gave the company a “hold” rating in a report on Thursday, March 28th. Bank of America raised their price target on shares of Cintas from $700.00 to $790.00 and gave the company a “buy” rating in a report on Thursday, March 28th. Finally, Royal Bank of Canada raised their price target on shares of Cintas from $675.00 to $725.00 and gave the company an “outperform” rating in a report on Thursday, March 28th. Six analysts have rated the stock with a hold rating and nine have given a buy rating to the stock. According to MarketBeat, the company has a consensus rating of “Moderate Buy” and a consensus price target 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.