Aware Super Pty Ltd as trustee of Aware Super Invests $38.16 Million in Cintas Co. (NASDAQ:CTAS)

Aware Super Pty Ltd as trustee of Aware Super acquired a new stake in shares of Cintas Co. (NASDAQ:CTAS - Free Report) during the fourth quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor acquired 208,880 shares of the business services provider's stock, valued at approximately $38,162,000. Cintas comprises about 0.6% of Aware Super Pty Ltd as trustee of Aware Super's portfolio, making the stock its 28th largest position. Aware Super Pty Ltd as trustee of Aware Super owned 0.05% of Cintas as of its most recent filing with the Securities and Exchange Commission.

A number of other institutional investors have also made changes to their positions in the stock. Barclays PLC increased its stake in shares of Cintas by 340.1% in the third quarter. Barclays PLC now owns 1,089,535 shares of the business services provider's stock valued at $224,312,000 after buying an additional 841,952 shares in the last quarter. TD Private Client Wealth LLC lifted its position in shares of Cintas by 295.1% during the third quarter. TD Private Client Wealth LLC now owns 885 shares of the business services provider's stock worth $182,000 after purchasing an additional 661 shares in the last quarter. Virtu Financial LLC grew its stake in shares of Cintas by 168.1% during the third quarter. Virtu Financial LLC now owns 14,468 shares of the business services provider's stock valued at $2,979,000 after purchasing an additional 9,072 shares during the last quarter. Morse Asset Management Inc raised its position in Cintas by 299.8% in the 3rd quarter. Morse Asset Management Inc now owns 21,229 shares of the business services provider's stock worth $4,371,000 after purchasing an additional 15,919 shares during the last quarter. Finally, Wealthquest Corp lifted its holdings in Cintas by 285.9% during the 3rd quarter. Wealthquest Corp now owns 14,848 shares of the business services provider's stock worth $3,027,000 after buying an additional 11,000 shares in the last quarter. 63.46% of the stock is owned by institutional investors.

Wall Street Analysts Forecast Growth

CTAS has been the topic of a number of research reports. Royal Bank of Canada reaffirmed a "sector perform" rating and issued a $215.00 price target on shares of Cintas in a research note on Thursday, March 27th. The Goldman Sachs Group raised their price target on shares of Cintas from $211.00 to $233.00 and gave the stock a "buy" rating in a research note on Thursday, March 27th. Robert W. Baird boosted their price objective on shares of Cintas from $200.00 to $227.00 and gave the stock a "neutral" rating in a research report on Thursday, March 27th. Wells Fargo & Company raised their target price on shares of Cintas from $184.00 to $196.00 and gave the company an "underweight" rating in a research report on Thursday, March 27th. Finally, Citigroup initiated coverage on shares of Cintas in a research report on Monday, February 24th. They set a "sell" rating and a $161.00 price target on the stock. Two investment analysts have rated the stock with a sell rating, seven have given a hold rating and six have given a buy rating to the stock. According to MarketBeat, Cintas presently has a consensus rating of "Hold" and a consensus price target of $213.62.

Insider Transactions at Cintas

In related news, COO Jim Rozakis sold 2,000 shares of the business's stock in a transaction dated Monday, April 7th. The shares were sold at an average price of $190.37, for a total transaction of $380,740.00. Following the transaction, the chief operating officer now directly owns 256,528 shares in the company, valued at approximately $48,835,235.36. The trade was a 0.77 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link. Also, Director Ronald W. Tysoe sold 8,521 shares of the business's stock in a transaction on Monday, April 14th. The stock was sold at an average price of $208.96, for a total value of $1,780,548.16. Following the completion of the transaction, the director now directly owns 27,029 shares in the company, valued at approximately $5,647,979.84. This represents a 23.97 % decrease in their position. The disclosure for this sale can be found here. Insiders own 15.00% of the company's stock.

Cintas Price Performance

NASDAQ:CTAS traded up $1.04 during trading hours on Friday, hitting $205.76. The company's stock had a trading volume of 1,712,106 shares, compared to its average volume of 1,699,841. The stock has a fifty day simple moving average of $201.41 and a 200-day simple moving average of $204.31. Cintas Co. has a twelve month low of $162.16 and a twelve month high of $228.12. The company has a debt-to-equity ratio of 0.47, a current ratio of 1.58 and a quick ratio of 1.38. The company has a market capitalization of $83.08 billion, a P/E ratio of 49.61, a PEG ratio of 3.98 and a beta of 1.20.

Cintas (NASDAQ:CTAS - Get Free Report) last released its quarterly earnings data on Wednesday, March 26th. The business services provider reported $1.13 earnings per share (EPS) for the quarter, beating the consensus estimate of $1.05 by $0.08. Cintas had a return on equity of 40.62% and a net margin of 17.23%. The company had revenue of $2.61 billion during the quarter, compared to the consensus estimate of $2.60 billion. During the same quarter in the prior year, the firm posted $3.84 earnings per share. The firm's revenue was up 8.4% compared to the same quarter last year. On average, analysts anticipate that Cintas Co. will post 4.31 EPS for the current fiscal year.

Cintas Dividend Announcement

The business also recently declared a quarterly dividend, which will be paid on Friday, June 13th. Shareholders of record on Thursday, May 15th will be paid a $0.39 dividend. This represents a $1.56 annualized dividend and a yield of 0.76%. The ex-dividend date of this dividend is Thursday, May 15th. Cintas's dividend payout ratio (DPR) is currently 36.11%.

Cintas Profile

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.