United Super Pty Ltd in its capacity as Trustee for the Construction & Building Unions Superannuation Fund Invests $822,000 in Cintas Co. (NASDAQ:CTAS)

United Super Pty Ltd in its capacity as Trustee for the Construction & Building Unions Superannuation Fund bought a new position in Cintas Co. (NASDAQ:CTAS - Free Report) in the 4th quarter, according to its most recent disclosure with the Securities & Exchange Commission. The fund bought 4,500 shares of the business services provider's stock, valued at approximately $822,000.

Several other hedge funds and other institutional investors have also recently made changes to their positions in the company. Sound Income Strategies LLC purchased a new stake in Cintas in the fourth quarter worth approximately $27,000. Cyrus J. Lawrence LLC bought a new position in shares of Cintas during the 4th quarter valued at $29,000. Endeavor Private Wealth Inc. purchased a new position in shares of Cintas in the 4th quarter worth $31,000. IAG Wealth Partners LLC grew its holdings in shares of Cintas by 136.8% in the fourth quarter. IAG Wealth Partners LLC now owns 180 shares of the business services provider's stock worth $33,000 after acquiring an additional 104 shares during the period. Finally, Newbridge Financial Services Group Inc. purchased a new stake in Cintas during the fourth quarter valued at $34,000. Institutional investors own 63.46% of the company's stock.

Cintas Price Performance

Shares of NASDAQ CTAS traded down $3.03 during midday trading on Friday, reaching $203.22. 1,684,835 shares of the stock traded hands, compared to its average volume of 1,631,493. The company's 50 day moving average is $201.01 and its 200 day moving average is $208.92. Cintas Co. has a one year low of $162.16 and a one year high of $228.12. The stock has a market capitalization of $82.01 billion, a PE ratio of 49.00, a P/E/G 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.

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Cintas (NASDAQ:CTAS - Get Free Report) last announced its earnings results on Wednesday, March 26th. The business services provider reported $1.13 earnings per share (EPS) for the quarter, beating the consensus estimate of $1.05 by $0.08. The firm had revenue of $2.61 billion for the quarter, compared to analysts' expectations of $2.60 billion. Cintas had a net margin of 17.23% and a return on equity of 40.62%. The business's revenue was up 8.4% compared to the same quarter last year. During the same period in the prior year, the company earned $3.84 EPS. On average, equities research analysts anticipate that Cintas Co. will post 4.31 earnings per share for the current year.

Cintas Announces Dividend

The business also recently declared a quarterly dividend, which was paid on Friday, March 14th. Investors of record on Friday, February 14th were issued a dividend of $0.39 per share. The ex-dividend date of this dividend was Friday, February 14th. This represents a $1.56 annualized dividend and a yield of 0.77%. Cintas's payout ratio is presently 36.11%.

Wall Street Analysts Forecast Growth

CTAS has been the subject of a number of recent research reports. The Goldman Sachs Group boosted their price target on Cintas from $211.00 to $233.00 and gave the company a "buy" rating in a research note on Thursday. Robert W. Baird increased their price target on shares of Cintas from $200.00 to $227.00 and gave the stock a "neutral" rating in a research report on Thursday. Royal Bank of Canada reissued a "sector perform" rating and set a $215.00 price objective on shares of Cintas in a research report on Thursday. Citigroup started coverage on Cintas in a research note on Monday, February 24th. They issued a "sell" rating and a $161.00 price objective on the stock. Finally, Truist Financial increased their price objective on shares of Cintas from $215.00 to $230.00 and gave the stock a "buy" rating in a research note on Thursday. Two equities research analysts have rated the stock with a sell rating, eight have given a hold rating and five have given a buy rating to the company. According to MarketBeat, Cintas currently has an average rating of "Hold" and an average price target of $210.58.

About Cintas

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.