Cintas Co. (NASDAQ:CTAS) Shares Acquired by Asset Management One Co. Ltd.

Asset Management One Co. Ltd. boosted its holdings in Cintas Co. (NASDAQ:CTAS - Free Report) by 4.7% in the 4th quarter, according to its most recent disclosure with the Securities and Exchange Commission. The fund owned 171,656 shares of the business services provider's stock after purchasing an additional 7,663 shares during the quarter. Asset Management One Co. Ltd.'s holdings in Cintas were worth $31,474,000 as of its most recent filing with the Securities and Exchange Commission.

Other institutional investors have also recently added to or reduced their stakes in the company. Financial Management Professionals Inc. grew its position in Cintas by 341.4% during the third quarter. Financial Management Professionals Inc. now owns 128 shares of the business services provider's stock valued at $26,000 after acquiring an additional 99 shares during the period. Hollencrest Capital Management grew its position in Cintas by 433.3% during the third quarter. Hollencrest Capital Management now owns 128 shares of the business services provider's stock valued at $26,000 after acquiring an additional 104 shares during the period. Sound Income Strategies LLC purchased a new stake in shares of Cintas in the fourth quarter worth about $27,000. Addison Advisors LLC boosted its position in shares of Cintas by 495.7% in the third quarter. Addison Advisors LLC now owns 137 shares of the business services provider's stock worth $28,000 after buying an additional 114 shares during the period. Finally, Endeavor Private Wealth Inc. purchased a new stake in shares of Cintas in the fourth quarter worth about $31,000. 63.46% of the stock is currently owned by institutional investors and hedge funds.

Cintas Stock Down 0.2 %

NASDAQ CTAS traded down $0.50 on Tuesday, hitting $203.72. 459,780 shares of the stock traded hands, compared to its average volume of 1,667,117. The stock has a 50-day moving average of $196.96 and a 200 day moving average of $207.85. Cintas Co. has a twelve month low of $152.77 and a twelve month high of $228.12. The company has a market capitalization of $82.21 billion, a P/E ratio of 49.11, a price-to-earnings-growth ratio of 3.95 and a beta of 1.38. 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 (NASDAQ:CTAS - Get Free Report) last announced its quarterly earnings data on Thursday, December 19th. The business services provider reported $1.09 earnings per share (EPS) for the quarter, beating the consensus estimate of $1.01 by $0.08. The firm had revenue of $2.56 billion for the quarter, compared to analysts' expectations of $2.56 billion. Cintas had a return on equity of 40.62% and a net margin of 17.23%. Cintas's revenue for the quarter was up 7.8% compared to the same quarter last year. During the same quarter in the prior year, the firm posted $3.61 earnings per share. As a group, analysts expect that Cintas Co. will post 4.31 earnings per share for the current fiscal year.

Cintas Dividend Announcement

The business also recently declared a quarterly dividend, which will be paid on Friday, March 14th. Stockholders of record on Friday, February 14th will be given a dividend of $0.39 per share. This represents a $1.56 dividend on an annualized basis and a dividend yield of 0.77%. The ex-dividend date is Friday, February 14th. Cintas's payout ratio is 37.61%.

Wall Street Analysts Forecast Growth

Several equities research analysts have recently weighed in on the company. Robert W. Baird decreased their target price on Cintas from $209.00 to $200.00 and set a "neutral" rating for the company in a research report on Friday, December 20th. Wells Fargo & Company decreased their target price on Cintas from $191.00 to $184.00 and set an "underweight" rating for the company in a research report on Friday, December 20th. Truist Financial decreased their target price on Cintas from $225.00 to $215.00 and set a "buy" rating for the company in a research report on Friday, December 20th. Morgan Stanley upped their target price on Cintas from $185.00 to $202.00 and gave the stock an "equal weight" rating in a research report on Thursday, December 12th. Finally, Royal Bank of Canada reaffirmed a "sector perform" rating and issued a $215.00 target price on shares of Cintas in a research report on Friday, December 20th. Two investment analysts have rated the stock with a sell rating, nine have assigned a hold rating and six have assigned a buy rating to the company's stock. Based on data from MarketBeat.com, the company presently has an average rating of "Hold" and a consensus target price of $198.46.

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.