Versant Capital Management Inc Purchases 361 Shares of Cintas Co. (NASDAQ:CTAS)

Versant Capital Management Inc increased its position in Cintas Co. (NASDAQ:CTAS) by 55.0% during the fourth quarter, Holdings Channel.com reports. The firm owned 1,017 shares of the business services provider’s stock after buying an additional 361 shares during the quarter. Versant Capital Management Inc’s holdings in Cintas were worth $186,000 as of its most recent SEC filing.

Several other hedge funds have also bought and sold shares of CTAS. TIAA Trust National Association increased its position in shares of Cintas by 1.2% during the second quarter. TIAA Trust National Association now owns 1,363 shares of the business services provider’s stock worth $954,000 after acquiring an additional 16 shares in the last quarter. TD Asset Management Inc increased its holdings in Cintas by 7.5% during the 2nd quarter. TD Asset Management Inc now owns 180,924 shares of the business services provider’s stock worth $126,694,000 after purchasing an additional 12,546 shares in the last quarter. SouthState Corp raised its stake in shares of Cintas by 114.1% in the second quarter. SouthState Corp now owns 274 shares of the business services provider’s stock worth $192,000 after purchasing an additional 146 shares during the last quarter. Kornitzer Capital Management Inc. KS lifted its holdings in shares of Cintas by 4.6% in the second quarter. Kornitzer Capital Management Inc. KS now owns 2,930 shares of the business services provider’s stock valued at $2,052,000 after purchasing an additional 130 shares in the last quarter. Finally, MCF Advisors LLC boosted its position in shares of Cintas by 16.1% during the second quarter. MCF Advisors LLC now owns 180 shares of the business services provider’s stock valued at $126,000 after buying an additional 25 shares during the last quarter. Institutional investors and hedge funds own 63.46% of the company’s stock.

Analyst Upgrades and Downgrades

A number of equities research analysts recently commented on CTAS shares. Morgan Stanley increased their price target on Cintas from $185.00 to $202.00 and gave the company an “equal weight” rating in a research report on Thursday, December 12th. Truist Financial lowered their target price on shares of Cintas from $225.00 to $215.00 and set a “buy” rating for the company in a report on Friday, December 20th. UBS Group cut their price target on shares of Cintas from $240.00 to $218.00 and set a “buy” rating on the stock in a report on Friday, December 20th. Jefferies Financial Group decreased their price objective on shares of Cintas from $730.00 to $200.00 and set a “hold” rating for the company in a research note on Thursday, September 26th. Finally, The Goldman Sachs Group cut their target price on Cintas from $236.00 to $211.00 and set a “buy” rating on the stock in a research note on Friday, December 20th. Two equities research analysts have rated the stock with a sell rating, nine have given a hold rating and six have given a buy rating to the stock. According to MarketBeat.com, Cintas has an average rating of “Hold” and an average target price of $198.46.

Cintas Price Performance

NASDAQ CTAS opened at $185.85 on Friday. The company has a quick ratio of 1.33, a current ratio of 1.53 and a debt-to-equity ratio of 0.50. The company has a market cap of $74.95 billion, a PE ratio of 46.93, a price-to-earnings-growth ratio of 4.15 and a beta of 1.37. Cintas Co. has a 52 week low of $143.64 and a 52 week high of $228.12. The firm’s 50-day simple moving average is $209.49 and its two-hundred day simple moving average is $203.80.

Cintas (NASDAQ:CTAS) last announced its quarterly earnings results on Thursday, December 19th. The business services provider reported $1.09 EPS for the quarter, beating analysts’ consensus estimates of $1.01 by $0.08. Cintas had a net margin of 16.80% and a return on equity of 39.56%. The company had revenue of $2.56 billion for the quarter, compared to analysts’ expectations of $2.56 billion. During the same period in the prior year, the company posted $3.61 EPS. Cintas’s revenue was up 7.8% compared to the same quarter last year. Research analysts predict that Cintas Co. will post 4.23 earnings per share for the current year.

Cintas Dividend Announcement

The business also recently declared a quarterly dividend, which was paid on Friday, December 13th. Stockholders of record on Friday, November 15th were given a $0.39 dividend. This represents a $1.56 annualized dividend and a dividend yield of 0.84%. The ex-dividend date of this dividend was Friday, November 15th. Cintas’s dividend payout ratio (DPR) is presently 37.59%.

About Cintas

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.