76,905 Shares in Cintas Co. (NASDAQ:CTAS) Bought by Jupiter Asset Management Ltd.

Jupiter Asset Management Ltd. purchased a new position in Cintas Co. (NASDAQ:CTAS - Free Report) during the 4th quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund purchased 76,905 shares of the business services provider's stock, valued at approximately $14,051,000.

Several other institutional investors have also bought and sold shares of the business. State Street Corp raised its position in shares of Cintas by 299.3% during the 3rd quarter. State Street Corp now owns 14,555,558 shares of the business services provider's stock valued at $2,996,697,000 after buying an additional 10,910,285 shares in the last quarter. FMR LLC increased its position in shares of Cintas by 297.3% during the 3rd quarter. FMR LLC now owns 8,781,132 shares of the business services provider's stock valued at $1,807,860,000 after purchasing an additional 6,571,128 shares during the last quarter. Geode Capital Management LLC boosted its stake in Cintas by 309.7% during the third quarter. Geode Capital Management LLC now owns 8,248,271 shares of the business services provider's stock worth $1,693,654,000 after buying an additional 6,235,052 shares during the period. Franklin Resources Inc. boosted its stake in shares of Cintas by 264.7% during the 3rd quarter. Franklin Resources Inc. now owns 3,279,029 shares of the business services provider's stock worth $693,503,000 after purchasing an additional 2,379,932 shares during the period. Finally, UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC grew its stake in shares of Cintas by 308.2% during the third quarter. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC now owns 2,522,921 shares of the business services provider's stock valued at $519,419,000 after buying an additional 1,904,926 shares during the last quarter. Institutional investors own 63.46% of the company's stock.

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Wall Street Analyst Weigh In

CTAS has been the topic of several research analyst reports. Robert W. Baird cut their price objective on Cintas from $209.00 to $200.00 and set a "neutral" rating on the stock in a research report on Friday, December 20th. Royal Bank of Canada reissued a "sector perform" rating and issued a $215.00 price objective on shares of Cintas in a research report on Friday, December 20th. Morgan Stanley raised their target price on shares of Cintas from $185.00 to $202.00 and gave the stock an "equal weight" rating in a research report on Thursday, December 12th. UBS Group lowered their price target on Cintas from $240.00 to $218.00 and set a "buy" rating for the company in a report on Friday, December 20th. Finally, Truist Financial dropped their price objective on Cintas from $225.00 to $215.00 and set a "buy" rating on the stock in a research note on Friday, December 20th. Two analysts have rated the stock with a sell rating, nine have given a hold rating and six have issued a buy rating to the stock. Based on data from MarketBeat.com, the stock has a consensus rating of "Hold" and a consensus price target of $199.79.

Cintas Stock Down 0.8 %

Shares of NASDAQ:CTAS traded down $1.63 during trading on Thursday, reaching $190.58. The stock had a trading volume of 1,608,993 shares, compared to its average volume of 1,526,614. The firm's 50-day simple moving average is $199.88 and its 200 day simple moving average is $209.11. The company has a current ratio of 1.58, a quick ratio of 1.38 and a debt-to-equity ratio of 0.47. Cintas Co. has a one year low of $155.51 and a one year high of $228.12. The company has a market capitalization of $76.91 billion, a P/E ratio of 45.95, a PEG ratio of 3.98 and a beta of 1.41.

Cintas (NASDAQ:CTAS - Get Free Report) last issued its quarterly earnings results on Thursday, December 19th. The business services provider reported $1.09 earnings per share (EPS) for the quarter, topping analysts' consensus estimates of $1.01 by $0.08. The business had revenue of $2.56 billion for the quarter, compared to the consensus estimate of $2.56 billion. Cintas had a return on equity of 40.62% and a net margin of 17.23%. The business's quarterly revenue was up 7.8% on a year-over-year basis. During the same period in the prior year, the firm posted $3.61 earnings per share. As a group, research analysts expect that Cintas Co. will post 4.31 EPS for the current fiscal year.

Cintas Dividend Announcement

The business also recently disclosed a quarterly dividend, which will be paid on Friday, March 14th. Investors of record on Friday, February 14th will be given a $0.39 dividend. This represents a $1.56 annualized dividend and a dividend yield of 0.82%. The ex-dividend date is Friday, February 14th. Cintas's payout ratio is currently 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.