Mirabella Financial Services LLP Takes $1.72 Million Position in Cintas Corporation $CTAS

Mirabella Financial Services LLP purchased a new stake in Cintas Corporation (NASDAQ:CTAS) in the 3rd quarter, HoldingsChannel reports. The fund purchased 8,416 shares of the business services provider’s stock, valued at approximately $1,724,000.

A number of other hedge funds and other institutional investors have also recently added to or reduced their stakes in the company. Brighton Jones LLC grew its position in Cintas by 9.3% during the 4th quarter. Brighton Jones LLC now owns 1,268 shares of the business services provider’s stock worth $232,000 after purchasing an additional 108 shares in the last quarter. Sivia Capital Partners LLC lifted its holdings in shares of Cintas by 42.3% in the second quarter. Sivia Capital Partners LLC now owns 1,441 shares of the business services provider’s stock valued at $321,000 after purchasing an additional 428 shares in the last quarter. Kingsview Wealth Management LLC boosted its position in shares of Cintas by 4.4% in the second quarter. Kingsview Wealth Management LLC now owns 2,840 shares of the business services provider’s stock worth $633,000 after buying an additional 119 shares during the period. Empowered Funds LLC boosted its position in shares of Cintas by 87.4% in the second quarter. Empowered Funds LLC now owns 40,580 shares of the business services provider’s stock worth $9,044,000 after buying an additional 18,926 shares during the period. Finally, Portside Wealth Group LLC grew its holdings in shares of Cintas by 3.5% during the second quarter. Portside Wealth Group LLC now owns 1,360 shares of the business services provider’s stock valued at $303,000 after buying an additional 46 shares in the last quarter. Institutional investors and hedge funds own 63.46% of the company’s stock.

Wall Street Analyst Weigh In

Several research analysts recently weighed in on CTAS shares. UBS Group reissued a “buy” rating on shares of Cintas in a research report on Thursday, March 12th. Weiss Ratings raised Cintas from a “hold (c+)” rating to a “buy (b-)” rating in a research note on Tuesday. Argus upgraded Cintas to a “strong-buy” rating in a report on Wednesday, January 21st. Bank of America initiated coverage on shares of Cintas in a research report on Tuesday, February 17th. They issued a “neutral” rating and a $215.00 price target for the company. Finally, Morgan Stanley reduced their price target on shares of Cintas from $220.00 to $210.00 and set an “equal weight” rating for the company in a research report on Wednesday, December 17th. One research analyst has rated the stock with a Strong Buy rating, seven have issued a Buy rating, five have given a Hold rating and one has given a Sell rating to the company’s stock. According to MarketBeat, the company has an average rating of “Moderate Buy” and a consensus target price of $220.25.

Cintas Trading Down 1.9%

NASDAQ CTAS opened at $181.83 on Friday. The company has a current ratio of 1.71, a quick ratio of 1.49 and a debt-to-equity ratio of 0.54. Cintas Corporation has a 1-year low of $178.64 and a 1-year high of $229.24. The firm’s fifty day simple moving average is $195.23 and its 200-day simple moving average is $192.84. The company has a market capitalization of $72.71 billion, a PE ratio of 53.01, a price-to-earnings-growth ratio of 3.34 and a beta of 0.95.

Cintas (NASDAQ:CTAS) last released its quarterly earnings data on Thursday, December 18th. The business services provider reported $1.21 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $1.20 by $0.01. Cintas had a return on equity of 41.07% and a net margin of 17.58%.The firm had revenue of $2.80 billion during the quarter, compared to analysts’ expectations of $2.77 billion. During the same quarter last year, the firm earned $1.09 earnings per share. The business’s revenue for the quarter was up 9.3% on a year-over-year basis. As a group, sell-side analysts anticipate that Cintas Corporation will post 4.31 earnings per share for the current fiscal year.

Cintas Dividend Announcement

The company also recently declared a quarterly dividend, which was paid on Friday, March 13th. Stockholders of record on Friday, February 13th were paid a dividend of $0.45 per share. The ex-dividend date of this dividend was Friday, February 13th. This represents a $1.80 dividend on an annualized basis and a dividend yield of 1.0%. Cintas’s dividend payout ratio (DPR) is 52.48%.

Cintas Company Profile

Cintas Corporation (NASDAQ: CTAS) is a provider of business services and products focused on workplace appearance, safety and facility maintenance. The company is best known for its uniform rental and corporate apparel programs, which include rental, leasing and direct-purchase options, laundering and garment repair. Cintas markets its services to a wide range of end-users, including manufacturing, food service, healthcare, hospitality, retail and government customers.

Beyond uniforms, Cintas offers a suite of facility services and products designed to help organizations maintain clean, safe and compliant workplaces.