NatWest Group plc Boosts Stock Holdings in Cintas Co. (NASDAQ:CTAS)

NatWest Group plc boosted its holdings in Cintas Co. (NASDAQ:CTAS - Free Report) by 19.7% during the 4th quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The institutional investor owned 62,466 shares of the business services provider's stock after acquiring an additional 10,274 shares during the quarter. Cintas accounts for approximately 3.4% of NatWest Group plc's holdings, making the stock its 14th largest position. NatWest Group plc's holdings in Cintas were worth $11,413,000 at the end of the most recent quarter.

Other hedge funds and other institutional investors have also added to or reduced their stakes in the company. Guardian Wealth Advisors LLC grew its holdings in shares of Cintas by 3.1% in the fourth quarter. Guardian Wealth Advisors LLC now owns 1,741 shares of the business services provider's stock worth $318,000 after purchasing an additional 52 shares during the last quarter. Aaron Wealth Advisors LLC grew its holdings in shares of Cintas by 2.0% in the fourth quarter. Aaron Wealth Advisors LLC now owns 2,803 shares of the business services provider's stock worth $512,000 after purchasing an additional 55 shares during the last quarter. S.A. Mason LLC grew its holdings in Cintas by 3.3% during the 4th quarter. S.A. Mason LLC now owns 1,703 shares of the business services provider's stock worth $311,000 after acquiring an additional 55 shares in the last quarter. Simon Quick Advisors LLC grew its holdings in Cintas by 5.5% during the 4th quarter. Simon Quick Advisors LLC now owns 1,213 shares of the business services provider's stock worth $222,000 after acquiring an additional 63 shares in the last quarter. Finally, Catalina Capital Group LLC grew its holdings in Cintas by 5.7% during the 4th quarter. Catalina Capital Group LLC now owns 1,212 shares of the business services provider's stock worth $221,000 after acquiring an additional 65 shares in the last quarter. 63.46% of the stock is owned by institutional investors.

Cintas Stock Performance

Shares of Cintas stock traded up $1.91 during midday trading on Monday, hitting $203.97. The company had a trading volume of 1,530,310 shares, compared to its average volume of 1,789,608. The stock has a market cap of $82.31 billion, a price-to-earnings ratio of 49.18, a PEG ratio of 3.95 and a beta of 1.38. 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 fifty day simple moving average of $198.88 and a 200 day simple moving average of $207.25. Cintas Co. has a 12-month low of $150.70 and a 12-month 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 EPS for the quarter, beating the consensus estimate of $1.01 by $0.08. The firm had revenue of $2.56 billion during the quarter, compared to analyst estimates of $2.56 billion. Cintas had a net margin of 17.23% and a return on equity of 40.62%. Cintas's revenue was up 7.8% on a year-over-year basis. During the same period last year, the firm posted $3.61 EPS. As a group, analysts predict that Cintas Co. will post 4.31 earnings per share for the current fiscal year.

Cintas Dividend Announcement

The firm also recently declared a quarterly dividend, which will be paid on Friday, March 14th. Shareholders of record on Friday, February 14th will be given a dividend of $0.39 per share. This represents a $1.56 dividend on an annualized basis and a yield of 0.76%. The ex-dividend date is Friday, February 14th. Cintas's dividend payout ratio is presently 37.61%.

Analyst Ratings Changes

CTAS has been the topic of several recent research reports. 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 report on Friday, December 20th. Royal Bank of Canada reiterated a "sector perform" rating and set a $215.00 target price on shares of Cintas in a report on Friday, December 20th. The Goldman Sachs Group dropped their target price on shares of Cintas from $236.00 to $211.00 and set a "buy" rating on the stock in a report on Friday, December 20th. Robert W. Baird dropped their target price on shares of Cintas from $209.00 to $200.00 and set a "neutral" rating on the stock in a report on Friday, December 20th. Finally, Truist Financial dropped their target price on shares of Cintas from $225.00 to $215.00 and set a "buy" rating on the stock in a report on Friday, December 20th. Two research analysts have rated the stock with a sell rating, nine have assigned a hold rating and six have assigned a buy rating to the stock. According to data from MarketBeat, the stock currently has a consensus rating of "Hold" and an average price target of $198.46.

About Cintas

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.