Candriam S.C.A. raised its holdings in Cintas Co. (NASDAQ:CTAS - Free Report) by 14.5% in the 4th quarter, according to its most recent 13F filing with the SEC. The fund owned 359,798 shares of the business services provider's stock after acquiring an additional 45,543 shares during the period. Candriam S.C.A. owned 0.09% of Cintas worth $65,735,000 at the end of the most recent reporting period.
Other institutional investors also recently bought and sold shares of the company. Hollencrest Capital Management raised its holdings in Cintas by 433.3% in the 3rd 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 last quarter. Addison Advisors LLC raised its holdings in Cintas by 495.7% in the 3rd quarter. Addison Advisors LLC now owns 137 shares of the business services provider's stock valued at $28,000 after acquiring an additional 114 shares during the last quarter. Sound Income Strategies LLC acquired a new position in Cintas in the 4th quarter valued at $27,000. Endeavor Private Wealth Inc. acquired a new position in Cintas in the 4th quarter valued at $31,000. Finally, Newbridge Financial Services Group Inc. acquired a new position in Cintas in the 4th quarter valued at $34,000. 63.46% of the stock is currently owned by institutional investors and hedge funds.
Cintas Stock Up 1.2 %
Cintas stock traded up $2.46 during trading on Friday, reaching $203.06. 1,804,813 shares of the company's stock were exchanged, compared to its average volume of 1,724,405. The company's 50-day moving average is $198.90 and its two-hundred day moving average is $209.33. The company has a debt-to-equity ratio of 0.47, a quick ratio of 1.38 and a current ratio of 1.58. Cintas Co. has a 52-week low of $154.15 and a 52-week high of $228.12. The firm has a market cap of $81.94 billion, a price-to-earnings ratio of 48.96, a PEG ratio of 3.98 and a beta of 1.41.
Cintas (NASDAQ:CTAS - Get Free Report) last issued its quarterly earnings data on Thursday, December 19th. The business services provider reported $1.09 EPS for the quarter, topping 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 firm had revenue of $2.56 billion for the quarter, compared to analyst estimates of $2.56 billion. During the same quarter in the previous year, the business posted $3.61 EPS. The firm's revenue was up 7.8% compared to the same quarter last year. On average, analysts predict that Cintas Co. will post 4.31 earnings per share for the current year.
Cintas Dividend Announcement
The company also recently disclosed a quarterly dividend, which will be paid on Friday, March 14th. Shareholders of record on Friday, February 14th will be issued a $0.39 dividend. The ex-dividend date 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 currently 37.59%.
Wall Street Analysts Forecast Growth
Several brokerages have weighed in on CTAS. Royal Bank of Canada reiterated a "sector perform" rating and issued a $215.00 price target on shares of Cintas in a report on Friday, December 20th. Wells Fargo & Company lowered their price objective on shares of Cintas from $191.00 to $184.00 and set an "underweight" rating for the company in a research note on Friday, December 20th. The Goldman Sachs Group lowered their price objective on shares of Cintas from $236.00 to $211.00 and set a "buy" rating for the company in a research note on Friday, December 20th. Morgan Stanley boosted their price objective on shares of Cintas from $185.00 to $202.00 and gave the company an "equal weight" rating in a research note on Thursday, December 12th. Finally, Truist Financial lowered their price objective on shares of Cintas from $225.00 to $215.00 and set a "buy" rating for the company in a research note on Friday, December 20th. Two research analysts have rated the stock with a sell rating, nine have assigned a hold rating and six have given a buy rating to the company. According to MarketBeat.com, Cintas currently has a consensus rating of "Hold" and an average target price of $199.79.
Read Our Latest Stock Report on Cintas
About Cintas
(
Free Report)
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.
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