Ilmarinen Mutual Pension Insurance Co Has $14.67 Million Holdings in Cintas Co. (NASDAQ:CTAS)

Ilmarinen Mutual Pension Insurance Co raised its stake in shares of Cintas Co. (NASDAQ:CTAS - Free Report) by 27.9% in the 4th quarter, according to its most recent Form 13F filing with the SEC. The fund owned 80,300 shares of the business services provider's stock after purchasing an additional 17,500 shares during the period. Ilmarinen Mutual Pension Insurance Co's holdings in Cintas were worth $14,671,000 at the end of the most recent reporting period.

A number of other large investors also recently bought and sold shares of CTAS. State Street Corp boosted its holdings in Cintas by 299.3% in the third quarter. State Street Corp now owns 14,555,558 shares of the business services provider's stock valued at $2,996,697,000 after acquiring an additional 10,910,285 shares during the last quarter. Geode Capital Management LLC grew its holdings in shares of Cintas by 309.7% during the 3rd 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 period. Norges Bank acquired a new stake in Cintas during the 4th quarter worth approximately $877,216,000. Franklin Resources Inc. raised its holdings in Cintas by 264.7% in the third quarter. Franklin Resources Inc. now owns 3,279,029 shares of the business services provider's stock valued at $693,503,000 after buying an additional 2,379,932 shares during the period. Finally, JPMorgan Chase & Co. lifted its position in Cintas by 137.5% during the third quarter. JPMorgan Chase & Co. now owns 2,222,527 shares of the business services provider's stock valued at $457,574,000 after buying an additional 1,286,668 shares in the last quarter. Hedge funds and other institutional investors own 63.46% of the company's stock.

Cintas Trading Up 0.5 %

CTAS traded up $1.08 during trading on Thursday, reaching $205.07. The company had a trading volume of 1,355,768 shares, compared to its average volume of 1,680,473. Cintas Co. has a 12-month low of $162.16 and a 12-month high of $228.12. The firm's 50-day simple moving average is $200.97 and its 200 day simple moving average is $204.27. The company has a market cap of $82.76 billion, a price-to-earnings ratio of 49.25, a PEG ratio of 3.98 and a beta of 1.20. 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 issued its quarterly earnings results on Wednesday, March 26th. The business services provider reported $1.13 EPS for the quarter, beating the consensus estimate of $1.05 by $0.08. Cintas had a net margin of 17.23% and a return on equity of 40.62%. The business had revenue of $2.61 billion during the quarter, compared to the consensus estimate of $2.60 billion. During the same quarter in the prior year, the firm earned $3.84 EPS. The firm's quarterly revenue was up 8.4% on a year-over-year basis. Equities research analysts anticipate that Cintas Co. will post 4.31 earnings per share for the current year.

Cintas Dividend Announcement

The business also recently declared a quarterly dividend, which will be paid on Friday, June 13th. Stockholders of record on Thursday, May 15th will be given a $0.39 dividend. This represents a $1.56 dividend on an annualized basis and a dividend yield of 0.76%. Cintas's dividend payout ratio (DPR) is 36.11%.

Wall Street Analysts Forecast Growth

CTAS has been the topic of several research reports. The Goldman Sachs Group raised their price objective on Cintas from $211.00 to $233.00 and gave the company a "buy" rating in a research report on Thursday, March 27th. Truist Financial upped their price target on Cintas from $215.00 to $230.00 and gave the stock a "buy" rating in a report on Thursday, March 27th. UBS Group lifted their price objective on shares of Cintas from $218.00 to $240.00 and gave the company a "buy" rating in a research note on Thursday, March 27th. 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 Thursday, March 27th. Finally, Robert W. Baird boosted their price target on Cintas from $200.00 to $227.00 and gave the stock a "neutral" rating in a research note on Thursday, March 27th. Two investment analysts have rated the stock with a sell rating, seven have issued a hold rating and six have assigned a buy rating to the company. According to MarketBeat, the stock currently has an average rating of "Hold" and a consensus price target of $213.62.

Insider Buying and Selling

In other news, COO Jim Rozakis sold 2,000 shares of the company's stock in a transaction on Monday, April 7th. The shares were sold at an average price of $190.37, for a total value of $380,740.00. Following the transaction, the chief operating officer now directly owns 256,528 shares of the company's stock, valued at approximately $48,835,235.36. This represents a 0.77 % decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which can be accessed through this link. 15.00% of the stock is currently owned by corporate insiders.

Cintas Company 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.