Schroder Investment Management Group boosted its stake in Cintas Co. (NASDAQ:CTAS - Free Report) by 38.2% in the fourth quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The firm owned 1,008,418 shares of the business services provider's stock after purchasing an additional 278,915 shares during the quarter. Schroder Investment Management Group owned about 0.25% of Cintas worth $184,238,000 as of its most recent SEC filing.
Several other hedge funds and other institutional investors have also recently bought and sold shares of CTAS. State Street Corp grew its position in Cintas by 299.3% in the 3rd quarter. State Street Corp now owns 14,555,558 shares of the business services provider's stock valued at $2,996,697,000 after purchasing an additional 10,910,285 shares during the period. Geode Capital Management LLC increased its position in shares of 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 worth $1,693,654,000 after acquiring an additional 6,235,052 shares in the last quarter. Norges Bank acquired a new stake in shares of Cintas in the 4th quarter worth about $877,216,000. Franklin Resources Inc. lifted its position in Cintas by 264.7% in the 3rd quarter. Franklin Resources Inc. now owns 3,279,029 shares of the business services provider's stock valued at $693,503,000 after acquiring an additional 2,379,932 shares in the last quarter. Finally, JPMorgan Chase & Co. boosted its stake in Cintas by 137.5% during the 3rd quarter. JPMorgan Chase & Co. now owns 2,222,527 shares of the business services provider's stock valued at $457,574,000 after purchasing an additional 1,286,668 shares during the last quarter. 63.46% of the stock is owned by institutional investors.
Analyst Ratings Changes
CTAS has been the subject of several analyst reports. 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 Thursday, March 27th. Morgan Stanley increased their price target on Cintas from $195.00 to $213.00 and gave the company an "equal weight" rating in a research report on Thursday, March 27th. Robert W. Baird upped their target price on shares of Cintas from $200.00 to $227.00 and gave the stock a "neutral" rating in a research note on Thursday, March 27th. The Goldman Sachs Group raised their price target on shares of Cintas from $211.00 to $233.00 and gave the company a "buy" rating in a research report on Thursday, March 27th. Finally, UBS Group increased 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. Two analysts have rated the stock with a sell rating, seven have given a hold rating and five have assigned a buy rating to the company's stock. Based on data from MarketBeat.com, Cintas currently has an average rating of "Hold" and a consensus target price of $210.58.
Read Our Latest Report on CTAS
Cintas Price Performance
Shares of NASDAQ:CTAS traded down $8.88 on Friday, hitting $195.97. The company's stock had a trading volume of 886,536 shares, compared to its average volume of 1,632,331. 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 company has a 50-day simple moving average of $201.62 and a 200 day simple moving average of $204.64. The company has a market capitalization of $79.08 billion, a PE ratio of 47.25, a PEG ratio of 3.98 and a beta of 1.41. Cintas Co. has a 1 year low of $162.16 and a 1 year high of $228.12.
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, topping analysts' consensus estimates of $1.05 by $0.08. Cintas had a net margin of 17.23% and a return on equity of 40.62%. The firm had revenue of $2.61 billion for the quarter, compared to analyst estimates of $2.60 billion. During the same quarter in the prior year, the firm earned $3.84 EPS. The business's revenue for the quarter was up 8.4% compared to the same quarter last year. Sell-side analysts forecast that Cintas Co. will post 4.31 EPS for the current fiscal year.
Cintas Announces Dividend
The company also recently disclosed a quarterly dividend, which was paid on Friday, March 14th. Stockholders of record on Friday, February 14th were issued a $0.39 dividend. This represents a $1.56 dividend on an annualized basis and a dividend yield of 0.80%. The ex-dividend date was Friday, February 14th. Cintas's payout ratio is currently 36.11%.
Cintas Profile
(
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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