TimesSquare Capital Management LLC Has $89.36 Million Stock Holdings in Cintas Co. (NASDAQ:CTAS)

TimesSquare Capital Management LLC lessened its stake in Cintas Co. (NASDAQ:CTAS - Free Report) by 18.6% in the 4th quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The fund owned 489,102 shares of the business services provider's stock after selling 111,960 shares during the quarter. Cintas makes up 1.3% of TimesSquare Capital Management LLC's holdings, making the stock its 14th biggest position. TimesSquare Capital Management LLC owned about 0.12% of Cintas worth $89,359,000 as of its most recent filing with the Securities and Exchange Commission.

Other large investors also recently made changes to their positions in the company. Guardian Wealth Advisors LLC lifted its holdings in Cintas by 3.1% during the 4th quarter. Guardian Wealth Advisors LLC now owns 1,741 shares of the business services provider's stock valued at $318,000 after purchasing an additional 52 shares during the last quarter. MGB Wealth Management LLC lifted its holdings in Cintas by 0.7% during the 4th quarter. MGB Wealth Management LLC now owns 7,248 shares of the business services provider's stock valued at $1,328,000 after purchasing an additional 52 shares during the last quarter. Aaron Wealth Advisors LLC lifted its holdings in Cintas by 2.0% during the 4th quarter. Aaron Wealth Advisors LLC now owns 2,803 shares of the business services provider's stock valued at $512,000 after purchasing an additional 55 shares during the last quarter. S.A. Mason LLC lifted its holdings in Cintas by 3.3% during the 4th quarter. S.A. Mason LLC now owns 1,703 shares of the business services provider's stock valued at $311,000 after purchasing an additional 55 shares during the last quarter. Finally, Simon Quick Advisors LLC lifted its holdings in Cintas by 5.5% during the 4th quarter. Simon Quick Advisors LLC now owns 1,213 shares of the business services provider's stock valued at $222,000 after purchasing an additional 63 shares during the last quarter. Institutional investors and hedge funds own 63.46% of the company's stock.

Cintas Price Performance

Shares of NASDAQ CTAS traded down $1.50 during mid-day trading on Friday, reaching $204.43. The company had a trading volume of 2,302,558 shares, compared to its average volume of 1,724,269. 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 one year low of $154.15 and a one year high of $228.12. The firm has a market cap of $82.50 billion, a price-to-earnings ratio of 49.29, a PEG ratio of 4.02 and a beta of 1.38. The business's 50-day simple moving average is $196.53 and its 200 day simple moving average is $208.08.

Cintas (NASDAQ:CTAS - Get Free Report) last released its earnings results on Thursday, December 19th. The business services provider reported $1.09 earnings per share (EPS) for the quarter, beating analysts' consensus estimates of $1.01 by $0.08. Cintas had a return on equity of 40.62% and a net margin of 17.23%. The firm had revenue of $2.56 billion for the quarter, compared to analysts' expectations of $2.56 billion. During the same quarter in the previous year, the business posted $3.61 earnings per share. The business's revenue for the quarter was up 7.8% on a year-over-year basis. On average, research analysts predict that Cintas Co. will post 4.31 earnings per share for the current fiscal year.

Cintas Announces Dividend

The firm also recently announced a quarterly dividend, which will be paid on Friday, March 14th. Shareholders of record on Friday, February 14th will be given a $0.39 dividend. This represents a $1.56 dividend on an annualized basis and a yield of 0.76%. The ex-dividend date of this dividend is Friday, February 14th. Cintas's dividend payout ratio is presently 37.61%.

Analysts Set New Price Targets

Several equities research analysts have issued reports on CTAS shares. The Goldman Sachs Group cut their price target on Cintas from $236.00 to $211.00 and set a "buy" rating for the company in a report on Friday, December 20th. Royal Bank of Canada reiterated a "sector perform" rating and set a $215.00 price objective on shares of Cintas in a research report on Friday, December 20th. Wells Fargo & Company lowered their price objective on Cintas from $191.00 to $184.00 and set an "underweight" rating on the stock in a research report on Friday, December 20th. Truist Financial lowered their price objective on Cintas from $225.00 to $215.00 and set a "buy" rating on the stock in a research report on Friday, December 20th. Finally, 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. Two investment analysts have rated the stock with a sell rating, nine have given a hold rating and six have assigned a buy rating to the stock. According to MarketBeat, the stock currently has an average rating of "Hold" and an average target price of $198.46.

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.