Allianz SE Takes Position in Cintas Co. (NASDAQ:CTAS)

Allianz SE purchased a new stake in shares of Cintas Co. (NASDAQ:CTAS - Free Report) during the fourth quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The fund purchased 83,168 shares of the business services provider's stock, valued at approximately $15,276,000.

Other hedge funds have also recently added to or reduced their stakes in the company. Sound Income Strategies LLC bought a new stake in Cintas in the fourth quarter valued at $27,000. Cyrus J. Lawrence LLC acquired a new stake in shares of Cintas in the 4th quarter valued at approximately $29,000. Endeavor Private Wealth Inc. acquired a new stake in shares of Cintas in the fourth quarter valued at approximately $31,000. IAG Wealth Partners LLC raised its holdings in Cintas by 136.8% during the fourth quarter. IAG Wealth Partners LLC now owns 180 shares of the business services provider's stock worth $33,000 after acquiring an additional 104 shares in the last quarter. Finally, Newbridge Financial Services Group Inc. bought a new stake in shares of Cintas in the 4th quarter valued at about $34,000. Institutional investors own 63.46% of the company's stock.

Cintas Stock Up 0.5 %

NASDAQ CTAS traded up $0.95 on Wednesday, hitting $208.82. 634,038 shares of the stock were exchanged, compared to its average volume of 1,630,544. Cintas Co. has a fifty-two week low of $162.16 and a fifty-two week high of $228.12. The company has a quick ratio of 1.38, a current ratio of 1.58 and a debt-to-equity ratio of 0.47. The company has a market cap of $84.27 billion, a PE ratio of 50.35, a PEG ratio of 3.98 and a beta of 1.41. The company has a 50-day moving average price of $201.29 and a 200-day moving average price of $204.61.

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Cintas (NASDAQ:CTAS - Get Free Report) last announced its earnings results on Wednesday, March 26th. The business services provider reported $1.13 EPS for the quarter, beating analysts' consensus estimates of $1.05 by $0.08. Cintas had a net margin of 17.23% and a return on equity of 40.62%. The business had revenue of $2.61 billion for the quarter, compared to analysts' expectations of $2.60 billion. During the same period in the previous year, the company posted $3.84 EPS. The company's quarterly revenue was up 8.4% on a year-over-year basis. Sell-side 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 was paid on Friday, March 14th. Shareholders of record on Friday, February 14th were given a dividend of $0.39 per share. This represents a $1.56 annualized dividend and a yield of 0.75%. The ex-dividend date was Friday, February 14th. Cintas's payout ratio is 36.11%.

Analysts Set New Price Targets

Several equities analysts have recently commented on CTAS shares. UBS Group boosted their target price on shares of Cintas from $218.00 to $240.00 and gave the company a "buy" rating in a research report on Thursday, March 27th. Royal Bank of Canada reaffirmed a "sector perform" rating and set a $215.00 price target on shares of Cintas in a research note on Thursday, March 27th. Truist Financial boosted their price objective on shares of Cintas from $215.00 to $230.00 and gave the stock a "buy" rating in a research note on Thursday, March 27th. Morgan Stanley raised their target price on Cintas from $195.00 to $213.00 and gave the stock an "equal weight" rating in a research report on Thursday, March 27th. Finally, The Goldman Sachs Group upped their price target on Cintas from $211.00 to $233.00 and gave the company a "buy" rating in a research report on Thursday, March 27th. Two research analysts have rated the stock with a sell rating, seven have given a hold rating and five have assigned a buy rating to the company. Based on data from MarketBeat.com, the stock has an average rating of "Hold" and an average target price of $210.58.

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.