Cintas Co. (NASDAQ:CTAS) Shares Acquired by Barclays PLC

Barclays PLC raised its stake in shares of Cintas Co. (NASDAQ:CTAS - Free Report) by 340.1% during the third quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The firm owned 1,089,535 shares of the business services provider's stock after purchasing an additional 841,952 shares during the period. Barclays PLC owned 0.27% of Cintas worth $224,312,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

A number of other institutional investors also recently bought and sold shares of the stock. State Street Corp grew its stake 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 worth $2,996,697,000 after acquiring an additional 10,910,285 shares in the last quarter. FMR LLC grew its stake in Cintas by 297.3% in the third quarter. FMR LLC now owns 8,781,132 shares of the business services provider's stock worth $1,807,860,000 after purchasing an additional 6,571,128 shares in the last quarter. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC raised its position in Cintas by 308.2% during 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 in the last quarter. Impax Asset Management Group plc raised its position in Cintas by 211.1% during the 3rd quarter. Impax Asset Management Group plc now owns 2,429,272 shares of the business services provider's stock valued at $499,236,000 after purchasing an additional 1,648,350 shares in the last quarter. Finally, King Luther Capital Management Corp lifted its holdings in shares of Cintas by 293.2% in the 3rd quarter. King Luther Capital Management Corp now owns 1,904,296 shares of the business services provider's stock worth $392,056,000 after buying an additional 1,419,975 shares during the period. 63.46% of the stock is currently owned by institutional investors.

Analysts Set New Price Targets

A number of research analysts have recently issued reports on CTAS shares. The Goldman Sachs Group cut their price objective on shares of Cintas from $236.00 to $211.00 and set a "buy" rating on the stock in a research report on Friday, December 20th. Truist Financial decreased their price objective on Cintas from $225.00 to $215.00 and set a "buy" rating for the company in a report on Friday, December 20th. Wells Fargo & Company dropped their target price on shares of Cintas from $191.00 to $184.00 and set an "underweight" rating on the stock in a research report on Friday, December 20th. Royal Bank of Canada restated a "sector perform" rating and issued a $215.00 target price on shares of Cintas in a research note on Friday, December 20th. Finally, Morgan Stanley boosted their price target on Cintas from $185.00 to $202.00 and gave the company an "equal weight" rating in a research note on Thursday, December 12th. Two equities research analysts have rated the stock with a sell rating, nine have given a hold rating and six have assigned a buy rating to the company's stock. According to data from MarketBeat, the company currently has a consensus rating of "Hold" and a consensus price target of $198.46.

Cintas Stock Down 0.6 %

Shares of Cintas stock traded down $1.13 during trading hours on Tuesday, reaching $201.43. 774,780 shares of the company were exchanged, compared to its average volume of 1,911,311. 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 firm has a market cap of $81.29 billion, a PE ratio of 48.52, a PEG ratio of 3.84 and a beta of 1.37. The stock's fifty day moving average is $202.71 and its 200 day moving average is $206.25. Cintas Co. has a 1 year low of $148.87 and a 1 year high of $228.12.

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 for the quarter, beating analysts' consensus estimates of $1.01 by $0.08. Cintas had a net margin of 17.23% and a return on equity of 40.62%. The business had revenue of $2.56 billion for the quarter, compared to analyst estimates of $2.56 billion. During the same period last year, the business earned $3.61 EPS. The company's revenue was up 7.8% on a year-over-year basis. As a group, equities research analysts forecast that Cintas Co. will post 4.31 earnings per share for the current year.

Cintas Announces Dividend

The firm also recently disclosed a quarterly dividend, which will be paid on Friday, March 14th. Shareholders of record on Friday, February 14th will be paid a $0.39 dividend. The ex-dividend date of this dividend is Friday, February 14th. This represents a $1.56 dividend on an annualized basis and a yield of 0.77%. Cintas's dividend payout ratio is presently 37.61%.

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.