Principal Financial Group Inc. raised its position in Cintas Co. (NASDAQ:CTAS - Free Report) by 2.3% during the 4th quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 514,928 shares of the business services provider's stock after purchasing an additional 11,406 shares during the quarter. Principal Financial Group Inc. owned 0.13% of Cintas worth $94,077,000 at the end of the most recent reporting period.
A number of other institutional investors also recently modified their holdings of CTAS. Financial Management Professionals Inc. raised its position in Cintas by 341.4% in the 3rd quarter. Financial Management Professionals Inc. now owns 128 shares of the business services provider's stock valued at $26,000 after buying an additional 99 shares during the last quarter. Hollencrest Capital Management grew its stake in shares of Cintas by 433.3% during the 3rd quarter. Hollencrest Capital Management now owns 128 shares of the business services provider's stock worth $26,000 after acquiring an additional 104 shares in the last quarter. Sound Income Strategies LLC acquired a new stake in shares of Cintas in the fourth quarter valued at approximately $27,000. Addison Advisors LLC raised its holdings in shares of Cintas by 495.7% in the third quarter. Addison Advisors LLC now owns 137 shares of the business services provider's stock valued at $28,000 after purchasing an additional 114 shares during the last quarter. Finally, Endeavor Private Wealth Inc. bought a new stake in shares of Cintas in the fourth quarter worth $31,000. 63.46% of the stock is currently owned by institutional investors.
Analyst Ratings Changes
CTAS has been the subject of a number of analyst reports. Truist Financial decreased their target price 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. UBS Group decreased their price objective on Cintas from $240.00 to $218.00 and set a "buy" rating for the company in a report on Friday, December 20th. Robert W. Baird lowered their target price on Cintas from $209.00 to $200.00 and set a "neutral" rating on the stock in a research report on Friday, December 20th. Wells Fargo & Company reduced their price target on Cintas from $191.00 to $184.00 and set an "underweight" rating for the company in a research report on Friday, December 20th. Finally, Royal Bank of Canada reaffirmed a "sector perform" rating and set a $215.00 price target on shares of Cintas in a research report on Friday, December 20th. Two analysts have rated the stock with a sell rating, nine have issued a hold rating and six have given a buy rating to the stock. According to MarketBeat.com, the company presently has a consensus rating of "Hold" and a consensus target price of $198.46.
View Our Latest Stock Analysis on Cintas
Cintas Stock Performance
Cintas stock traded down $1.50 during mid-day trading on Friday, hitting $204.43. 2,302,558 shares of the company's stock traded hands, compared to its average volume of 1,724,269. The company has a debt-to-equity ratio of 0.47, a current ratio of 1.58 and a quick ratio of 1.38. The firm has a 50 day simple moving average of $196.67 and a two-hundred day simple moving average of $207.94. Cintas Co. has a fifty-two week low of $154.15 and a fifty-two week high of $228.12. The stock has a market cap of $82.50 billion, a price-to-earnings ratio of 49.29, a P/E/G ratio of 4.02 and a beta of 1.38.
Cintas (NASDAQ:CTAS - Get Free Report) last posted its earnings results on Thursday, December 19th. The business services provider reported $1.09 earnings per share (EPS) for the quarter, topping 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 company had revenue of $2.56 billion during the quarter, compared to analysts' expectations of $2.56 billion. During the same quarter last year, the company posted $3.61 EPS. Cintas's quarterly revenue was up 7.8% compared to the same quarter last year. On average, research analysts expect that Cintas Co. will post 4.31 EPS for the current fiscal year.
Cintas Dividend Announcement
The company also recently disclosed a quarterly dividend, which will be paid on Friday, March 14th. Stockholders of record on Friday, February 14th will be issued a dividend of $0.39 per share. This represents a $1.56 dividend on an annualized basis and a dividend yield of 0.76%. The ex-dividend date of this dividend is Friday, February 14th. Cintas's dividend payout ratio is presently 37.61%.
About Cintas
(
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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