Cintas Co. (NASDAQ:CTAS) Shares Acquired by Stevens Capital Management LP

Stevens Capital Management LP grew its holdings in Cintas Co. (NASDAQ:CTAS - Free Report) by 44.4% in the fourth quarter, according to its most recent disclosure with the Securities & Exchange Commission. The fund owned 7,201 shares of the business services provider's stock after buying an additional 2,213 shares during the period. Stevens Capital Management LP's holdings in Cintas were worth $1,316,000 as of its most recent filing with the Securities & Exchange Commission.

Several other hedge funds and other institutional investors have also recently modified their holdings of CTAS. State Street Corp boosted its stake 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 worth $2,996,697,000 after buying an additional 10,910,285 shares during the last quarter. FMR LLC boosted its position in shares of Cintas by 297.3% during the 3rd quarter. FMR LLC now owns 8,781,132 shares of the business services provider's stock valued at $1,807,860,000 after acquiring an additional 6,571,128 shares during the last quarter. Geode Capital Management LLC boosted its position in shares of Cintas by 309.7% during the 3rd 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 acquiring an additional 6,235,052 shares during the last quarter. Franklin Resources Inc. grew its holdings in shares of Cintas by 264.7% in 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 purchasing an additional 2,379,932 shares during the period. Finally, UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC increased its position 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 worth $519,419,000 after purchasing an additional 1,904,926 shares during the last quarter. 63.46% of the stock is owned by hedge funds and other institutional investors.

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Wall Street Analyst Weigh In

CTAS has been the subject of several analyst reports. The Goldman Sachs Group dropped their price target 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. Royal Bank of Canada reissued a "sector perform" rating and set a $215.00 target price on shares of Cintas in a research note on Friday, December 20th. Robert W. Baird reduced 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. UBS Group lowered their price target on Cintas from $240.00 to $218.00 and set a "buy" rating for the company in a report 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 on the stock in a report on Friday, December 20th. Two analysts have rated the stock with a sell rating, nine have given a hold rating and six have assigned a buy rating to the company's stock. According to data from MarketBeat.com, the stock currently has an average rating of "Hold" and a consensus price target of $199.79.

Cintas Stock Down 0.6 %

Shares of Cintas stock traded down $1.11 during trading hours on Tuesday, reaching $193.46. 2,089,885 shares of the company were exchanged, compared to its average volume of 1,530,549. The firm has a market cap of $78.07 billion, a PE ratio of 46.64, a PEG ratio of 3.98 and a beta of 1.41. The company has a debt-to-equity ratio of 0.47, a quick ratio of 1.38 and a current ratio of 1.58. Cintas Co. has a 1 year low of $158.10 and a 1 year high of $228.12. The stock's fifty day moving average is $200.54 and its 200 day moving average is $208.93.

Cintas Dividend Announcement

The business also recently declared a quarterly dividend, which was paid on Friday, March 14th. Shareholders of record on Friday, February 14th were issued a dividend of $0.39 per share. The ex-dividend date was Friday, February 14th. This represents a $1.56 annualized dividend and a yield of 0.81%. Cintas's dividend payout ratio (DPR) is 37.59%.

Cintas Company 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.