Machina Capital S.A.S. cut its stake in Cintas Co. (NASDAQ:CTAS - Free Report) by 21.3% in the fourth quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The institutional investor owned 5,015 shares of the business services provider's stock after selling 1,355 shares during the period. Machina Capital S.A.S.'s holdings in Cintas were worth $916,000 as of its most recent filing with the Securities & Exchange Commission.
A number of other institutional investors also recently bought and sold shares of the stock. Haven Private LLC acquired a new stake in Cintas in the 4th quarter worth approximately $986,000. Destination Wealth Management boosted its stake in Cintas by 432.5% in the 4th quarter. Destination Wealth Management now owns 14,165 shares of the business services provider's stock worth $2,588,000 after purchasing an additional 11,505 shares in the last quarter. Callan Family Office LLC acquired a new stake in Cintas in the 4th quarter worth approximately $1,491,000. E Fund Management Co. Ltd. boosted its stake in Cintas by 30.8% in the 4th quarter. E Fund Management Co. Ltd. now owns 5,602 shares of the business services provider's stock worth $1,023,000 after purchasing an additional 1,320 shares in the last quarter. Finally, Candriam S.C.A. boosted its stake in Cintas by 14.5% in the 4th quarter. Candriam S.C.A. now owns 359,798 shares of the business services provider's stock worth $65,735,000 after purchasing an additional 45,543 shares in the last quarter. 63.46% of the stock is currently owned by institutional investors and hedge funds.
Cintas Stock Performance
Shares of NASDAQ:CTAS traded up $2.46 during trading on Friday, hitting $203.06. 1,804,813 shares of the stock traded hands, compared to its average volume of 1,724,405. The company has a quick ratio of 1.38, a current ratio of 1.58 and a debt-to-equity ratio of 0.47. The company has a market cap of $81.94 billion, a price-to-earnings ratio of 48.96, a P/E/G ratio of 3.98 and a beta of 1.41. The company has a fifty day moving average price of $198.90 and a two-hundred day moving average price of $209.23. Cintas Co. has a 52-week low of $154.15 and a 52-week high of $228.12.
Cintas (NASDAQ:CTAS - Get Free Report) last released its quarterly 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 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 analysts' expectations of $2.56 billion. During the same quarter last year, the company earned $3.61 EPS. The firm's revenue for the quarter was up 7.8% compared to the same quarter last year. As a group, equities analysts predict that Cintas Co. will post 4.31 EPS for the current year.
Cintas Dividend Announcement
The business also recently declared a quarterly dividend, which will be paid on Friday, March 14th. Investors of record on Friday, February 14th will be paid 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 Analyst Weigh In
A number of analysts recently commented on CTAS shares. Wells Fargo & Company lowered their target price 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. Truist Financial reduced their price target on shares of Cintas from $225.00 to $215.00 and set a "buy" rating for the company in a research report on Friday, December 20th. Citigroup began coverage on shares of Cintas in a research report on Monday, February 24th. They set a "sell" rating and a $161.00 price target for the company. The Goldman Sachs Group reduced their price target on shares of Cintas from $236.00 to $211.00 and set a "buy" rating for the company in a research report on Friday, December 20th. Finally, Royal Bank of Canada reissued a "sector perform" rating and set a $215.00 price target on shares of Cintas in a research report on Friday, December 20th. Two equities 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's stock. According to data from MarketBeat, the stock presently has a consensus rating of "Hold" and a consensus target price of $199.79.
Check Out Our Latest Stock Report on CTAS
Cintas Company Profile
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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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