Cintas Co. (NASDAQ:CTAS) Shares Bought by Teacher Retirement System of Texas

Teacher Retirement System of Texas increased its position in Cintas Co. (NASDAQ:CTAS - Free Report) by 2.3% in the fourth quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund owned 420,515 shares of the business services provider's stock after acquiring an additional 9,640 shares during the period. Teacher Retirement System of Texas owned approximately 0.10% of Cintas worth $76,828,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Other institutional investors and hedge funds also recently added to or reduced their stakes in the company. Claro Advisors LLC purchased a new stake in Cintas in the third quarter valued at approximately $251,000. Thrivent Financial for Lutherans boosted its holdings in shares of Cintas by 331.2% in the 3rd quarter. Thrivent Financial for Lutherans now owns 20,970 shares of the business services provider's stock valued at $4,317,000 after acquiring an additional 16,107 shares during the last quarter. MAI Capital Management increased its stake in shares of Cintas by 173.5% in the third quarter. MAI Capital Management now owns 8,789 shares of the business services provider's stock worth $1,810,000 after acquiring an additional 5,575 shares during the period. Quest Partners LLC increased its stake in shares of Cintas by 70.4% in the third quarter. Quest Partners LLC now owns 5,172 shares of the business services provider's stock worth $1,065,000 after acquiring an additional 2,137 shares during the period. Finally, Pathstone Holdings LLC raised its holdings in shares of Cintas by 428.7% during the third quarter. Pathstone Holdings LLC now owns 60,332 shares of the business services provider's stock worth $12,421,000 after purchasing an additional 48,921 shares during the last quarter. Institutional investors and hedge funds own 63.46% of the company's stock.

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Cintas Price Performance

Shares of NASDAQ:CTAS traded up $3.40 during midday trading on Monday, hitting $194.57. The company had a trading volume of 2,048,913 shares, compared to its average volume of 1,531,819. Cintas Co. has a twelve month low of $158.10 and a twelve month high of $228.12. The stock has a market cap of $78.52 billion, a price-to-earnings ratio of 46.91, a price-to-earnings-growth ratio of 3.98 and a beta of 1.41. 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 business's 50-day simple moving average is $200.46 and its 200-day simple moving average is $208.97.

Cintas (NASDAQ:CTAS - Get Free Report) last issued 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. The business had revenue of $2.56 billion during the quarter, compared to the consensus estimate of $2.56 billion. Cintas had a return on equity of 40.62% and a net margin of 17.23%. The company's revenue for the quarter was up 7.8% on a year-over-year basis. During the same period last year, the company earned $3.61 EPS. On average, research analysts predict that Cintas Co. will post 4.31 earnings per share for the current year.

Cintas Announces Dividend

The company also recently announced a quarterly dividend, which was paid on Friday, March 14th. Shareholders of record on Friday, February 14th were paid a dividend of $0.39 per share. This represents a $1.56 dividend on an annualized basis and a yield of 0.80%. The ex-dividend date of this dividend was Friday, February 14th. Cintas's dividend payout ratio (DPR) is presently 37.59%.

Analyst Upgrades and Downgrades

Several equities research analysts have weighed in on the company. Robert W. Baird cut their price target 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. UBS Group lowered their price objective on Cintas from $240.00 to $218.00 and set a "buy" rating on the stock in a research report on Friday, December 20th. Truist Financial cut their target price on shares of Cintas from $225.00 to $215.00 and set a "buy" rating for the company in a report on Friday, December 20th. Finally, Morgan Stanley increased their price target on shares of Cintas from $185.00 to $202.00 and gave the stock an "equal weight" rating in a report on Thursday, December 12th. Two investment analysts have rated the stock with a sell rating, nine have issued a hold rating and six have issued a buy rating to the company. Based on data from MarketBeat, Cintas presently has a consensus rating of "Hold" and a consensus price target of $199.79.

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.