Cintas Co. (NASDAQ:CTAS) is EULAV Asset Management's 8th Largest Position

EULAV Asset Management decreased its stake in shares of Cintas Co. (NASDAQ:CTAS - Free Report) by 4.4% in the fourth quarter, according to the company in its most recent Form 13F filing with the SEC. The fund owned 583,689 shares of the business services provider's stock after selling 27,000 shares during the quarter. Cintas comprises about 2.6% of EULAV Asset Management's portfolio, making the stock its 8th largest holding. EULAV Asset Management owned approximately 0.14% of Cintas worth $106,640,000 as of its most recent filing with the SEC.

Several other institutional investors also recently bought and sold shares of CTAS. Dynamic Advisor Solutions LLC raised its holdings in shares of Cintas by 262.8% during the 3rd quarter. Dynamic Advisor Solutions LLC now owns 1,299 shares of the business services provider's stock worth $267,000 after acquiring an additional 941 shares in the last quarter. Brookstone Capital Management increased its position in Cintas by 209.7% in the third quarter. Brookstone Capital Management now owns 1,081 shares of the business services provider's stock worth $223,000 after purchasing an additional 732 shares during the last quarter. Strategic Wealth Partners Ltd. raised its stake in Cintas by 300.0% during the third quarter. Strategic Wealth Partners Ltd. now owns 1,400 shares of the business services provider's stock valued at $288,000 after purchasing an additional 1,050 shares in the last quarter. CWM LLC lifted its position in Cintas by 422.3% during the third quarter. CWM LLC now owns 28,571 shares of the business services provider's stock valued at $5,882,000 after purchasing an additional 23,101 shares during the last quarter. Finally, Hexagon Capital Partners LLC grew its stake in shares of Cintas by 272.8% in the 3rd quarter. Hexagon Capital Partners LLC now owns 589 shares of the business services provider's stock worth $121,000 after buying an additional 431 shares in the last quarter. 63.46% of the stock is owned by hedge funds and other institutional investors.

Analysts Set New Price Targets

Several brokerages have recently issued reports on CTAS. UBS Group decreased their target price 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. Truist Financial lowered their price objective on Cintas from $225.00 to $215.00 and set a "buy" rating for the company in a research note on Friday, December 20th. The Goldman Sachs Group dropped their target price on Cintas from $236.00 to $211.00 and set a "buy" rating for the company in a report on Friday, December 20th. Morgan Stanley increased their price target on Cintas from $185.00 to $202.00 and gave the company an "equal weight" rating in a report on Thursday, December 12th. Finally, Robert W. Baird dropped their price objective on shares of Cintas from $209.00 to $200.00 and set a "neutral" rating for the company in a research note on Friday, December 20th. Two investment analysts have rated the stock with a sell rating, nine have assigned a hold rating and six have issued a buy rating to the company. According to data from MarketBeat, Cintas presently has a consensus rating of "Hold" and a consensus price target of $198.46.

Cintas Trading Up 0.7 %

Cintas stock traded up $1.43 during trading hours on Tuesday, hitting $205.40. The company had a trading volume of 1,093,080 shares, compared to its average volume of 1,763,813. The firm has a market cap of $82.89 billion, a P/E ratio of 49.52, a P/E/G ratio of 3.95 and a beta of 1.38. The company has a 50-day moving average price of $198.50 and a two-hundred day moving average price of $207.36. Cintas Co. has a 1 year low of $150.70 and a 1 year high of $228.12. 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 (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, topping the consensus estimate of $1.01 by $0.08. The company 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 was up 7.8% compared to the same quarter last year. During the same quarter in the prior year, the firm earned $3.61 earnings per share. On average, sell-side analysts anticipate that Cintas Co. will post 4.31 earnings per share for the current year.

Cintas Announces Dividend

The company also recently disclosed a quarterly dividend, which will be paid on Friday, March 14th. Investors of record on Friday, February 14th will be issued a $0.39 dividend. The ex-dividend date of this dividend is Friday, February 14th. This represents a $1.56 annualized dividend and a dividend yield of 0.76%. Cintas's payout ratio is currently 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.