New York State Common Retirement Fund Sells 6,100 Shares of Cintas Co. (NASDAQ:CTAS)

New York State Common Retirement Fund decreased its stake in shares of Cintas Co. (NASDAQ:CTAS - Free Report) by 1.2% during the fourth quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 499,988 shares of the business services provider's stock after selling 6,100 shares during the period. New York State Common Retirement Fund owned about 0.12% of Cintas worth $91,348,000 at the end of the most recent reporting period.

A number of other hedge funds and other institutional investors also recently added to or reduced their stakes in CTAS. State Street Corp increased its holdings in Cintas by 299.3% during 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 buying an additional 10,910,285 shares during the last quarter. FMR LLC increased its holdings in Cintas by 297.3% during the third quarter. FMR LLC now owns 8,781,132 shares of the business services provider's stock valued at $1,807,860,000 after buying an additional 6,571,128 shares during the last quarter. Geode Capital Management LLC increased its holdings in Cintas by 309.7% during the third quarter. Geode Capital Management LLC now owns 8,248,271 shares of the business services provider's stock valued at $1,693,654,000 after buying an additional 6,235,052 shares during the last quarter. Franklin Resources Inc. increased its holdings in Cintas by 264.7% during 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 last quarter. Finally, UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC increased its holdings in Cintas by 308.2% during the third quarter. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC now owns 2,522,921 shares of the business services provider's stock valued at $519,419,000 after buying an additional 1,904,926 shares during the last quarter. Institutional investors own 63.46% of the company's stock.

Cintas Price Performance

CTAS stock traded down $1.78 during trading on Friday, hitting $204.15. 763,790 shares of the company's stock traded hands, compared to its average volume of 1,678,429. Cintas Co. has a 52 week low of $154.15 and a 52 week 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. The business has a fifty day simple moving average of $196.67 and a 200 day simple moving average of $207.94. The stock has a market capitalization of $82.38 billion, a price-to-earnings ratio of 49.24, a P/E/G ratio of 4.02 and a beta of 1.38.

Cintas (NASDAQ:CTAS - Get Free Report) last released 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. Cintas had a net margin of 17.23% and a return on equity of 40.62%. The business had revenue of $2.56 billion during the quarter, compared to analyst estimates of $2.56 billion. During the same quarter last year, the business earned $3.61 earnings per share. Cintas's quarterly revenue was up 7.8% compared to the same quarter last year. As a group, research analysts expect that Cintas Co. will post 4.31 EPS for the current fiscal year.

Cintas Dividend Announcement

The firm also recently disclosed 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. The ex-dividend date is Friday, February 14th. This represents a $1.56 annualized dividend and a yield of 0.76%. Cintas's dividend payout ratio (DPR) is currently 37.61%.

Analysts Set New Price Targets

A number of analysts have commented on CTAS shares. Robert W. Baird reduced their target price on shares of Cintas from $209.00 to $200.00 and set a "neutral" rating for the company in a report on Friday, December 20th. Royal Bank of Canada reissued a "sector perform" rating and issued a $215.00 price objective on shares of Cintas in a research note on Friday, December 20th. Truist Financial reduced 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. The Goldman Sachs Group reduced 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. Finally, Wells Fargo & Company reduced 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. Two 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 currently has an average rating of "Hold" and a consensus price target of $198.46.

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.