Cintas Co. (NASDAQ:CTAS) Holdings Raised by AustralianSuper Pty Ltd

AustralianSuper Pty Ltd lifted its holdings in shares of Cintas Co. (NASDAQ:CTAS - Free Report) by 876.2% during the 4th quarter, according to its most recent disclosure with the Securities & Exchange Commission. The fund owned 516,054 shares of the business services provider's stock after purchasing an additional 463,190 shares during the quarter. AustralianSuper Pty Ltd owned about 0.13% of Cintas worth $94,283,000 as of its most recent SEC filing.

Other hedge funds and other institutional investors have also made changes to their positions in the company. State Street Corp grew its holdings in Cintas by 299.3% in 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 during the period. FMR LLC grew its holdings in Cintas by 297.3% in the third 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 period. Geode Capital Management LLC increased its position 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 purchasing an additional 6,235,052 shares during the last quarter. Franklin Resources Inc. raised its stake in Cintas by 264.7% during the third 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 boosted its holdings in shares of Cintas by 308.2% in the 3rd 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 purchasing an additional 1,904,926 shares during the last quarter. Hedge funds and other institutional investors own 63.46% of the company's stock.

Cintas Stock Up 2.2 %

Shares of NASDAQ:CTAS traded up $4.40 during trading on Wednesday, hitting $208.14. The company's stock had a trading volume of 2,326,136 shares, compared to its average volume of 1,718,194. Cintas Co. has a fifty-two week low of $152.77 and a fifty-two week high of $228.12. The stock's 50-day moving average price is $196.84 and its two-hundred day moving average price is $207.96. The company has a debt-to-equity ratio of 0.47, a quick ratio of 1.38 and a current ratio of 1.58. The company has a market capitalization of $83.99 billion, a PE ratio of 50.18, a PEG ratio of 3.94 and a beta of 1.38.

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

Cintas Announces Dividend

The business also recently announced a quarterly dividend, which will be paid on Friday, March 14th. Stockholders 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 0.75%. The ex-dividend date is Friday, February 14th. Cintas's payout ratio is currently 37.61%.

Analyst Ratings Changes

CTAS has been the topic of several research reports. Robert W. Baird cut their target price on Cintas from $209.00 to $200.00 and set a "neutral" rating on the stock in a research report on Friday, December 20th. Truist Financial reduced 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. Royal Bank of Canada reissued a "sector perform" rating and set a $215.00 target price on shares of Cintas in a research report on Friday, December 20th. UBS Group reduced their price target on shares of Cintas from $240.00 to $218.00 and set a "buy" rating on the stock in a research report on Friday, December 20th. Finally, Wells Fargo & Company dropped their price objective on shares of Cintas from $191.00 to $184.00 and set an "underweight" rating for the company in a research report on Friday, December 20th. Two research analysts have rated the stock with a sell rating, nine have assigned a hold rating and six have issued a buy rating to the stock. According to MarketBeat.com, Cintas currently 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.