Fidelis Capital Partners LLC Purchases 35 Shares of Cintas Co. (NASDAQ:CTAS)

Fidelis Capital Partners LLC raised its position in shares of Cintas Co. (NASDAQ:CTAS) by 4.9% during the fourth quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The fund owned 748 shares of the business services provider’s stock after acquiring an additional 35 shares during the period. Fidelis Capital Partners LLC’s holdings in Cintas were worth $451,000 as of its most recent filing with the Securities & Exchange Commission.

A number of other hedge funds have also bought and sold shares of the company. Columbus Macro LLC grew its holdings in Cintas by 1.2% during the 4th quarter. Columbus Macro LLC now owns 1,453 shares of the business services provider’s stock worth $871,000 after acquiring an additional 17 shares in the last quarter. Quent Capital LLC grew its holdings in Cintas by 22.8% during the 4th quarter. Quent Capital LLC now owns 97 shares of the business services provider’s stock worth $59,000 after acquiring an additional 18 shares in the last quarter. Greenleaf Trust grew its holdings in Cintas by 1.0% during the 3rd quarter. Greenleaf Trust now owns 1,899 shares of the business services provider’s stock worth $913,000 after acquiring an additional 19 shares in the last quarter. Catalyst Capital Advisors LLC grew its holdings in Cintas by 33.9% during the 3rd quarter. Catalyst Capital Advisors LLC now owns 75 shares of the business services provider’s stock worth $36,000 after acquiring an additional 19 shares in the last quarter. Finally, KMG Fiduciary Partners LLC lifted its position in shares of Cintas by 1.6% during the third quarter. KMG Fiduciary Partners LLC now owns 1,338 shares of the business services provider’s stock valued at $644,000 after buying an additional 21 shares during the last quarter. Institutional investors own 63.46% of the company’s stock.

Analysts Set New Price Targets

Several research firms have commented on CTAS. Bank of America increased their price target on shares of Cintas from $700.00 to $790.00 and gave the company a “buy” rating in a research report on Thursday, March 28th. The Goldman Sachs Group increased their price target on shares of Cintas from $673.00 to $765.00 and gave the company a “buy” rating in a research report on Thursday, March 28th. UBS Group increased their price objective on shares of Cintas from $680.00 to $790.00 and gave the company a “buy” rating in a research report on Thursday, March 28th. Royal Bank of Canada increased 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, JPMorgan Chase & Co. increased their price objective on shares of Cintas from $540.00 to $640.00 and gave the company an “overweight” rating in a research report on Friday, December 22nd. Six analysts have rated the stock with a hold rating and nine have assigned a buy rating to the company’s stock. According to data from MarketBeat, the company has an average rating of “Moderate Buy” and a consensus target price of $661.21.

Cintas Price Performance

NASDAQ:CTAS opened at $661.29 on Friday. The firm’s fifty day moving average is $643.04 and its two-hundred day moving average is $587.23. The company has a debt-to-equity ratio of 0.58, a quick ratio of 2.03 and a current ratio of 2.38. Cintas Co. has a one year low of $438.59 and a one year high of $704.84. The firm has a market cap of $67.03 billion, a price-to-earnings ratio of 45.67, a PEG ratio of 3.88 and a beta of 1.27.

Cintas (NASDAQ:CTAS) last posted its earnings results on Wednesday, March 27th. The business services provider reported $3.84 earnings per share (EPS) for the quarter, topping 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 analyst estimates of $2.39 billion. During the same period in the prior year, the company posted $3.14 EPS. The company’s revenue for the quarter was up 9.9% on a year-over-year basis. Research analysts expect that Cintas Co. will post 14.95 EPS for the current year.

Cintas Announces Dividend

The business also recently declared a quarterly dividend, which will be paid on Friday, June 14th. Investors of record on Wednesday, May 15th will be paid a $1.35 dividend. This represents a $5.40 dividend on an annualized basis and a yield of 0.82%. The ex-dividend date of this dividend is Tuesday, May 14th. Cintas’s dividend payout ratio is presently 37.29%.

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.