National Pension Service Acquires 208,437 Shares of Cintas Co. (NASDAQ:CTAS)

National Pension Service increased its holdings in shares of Cintas Co. (NASDAQ:CTAS) by 28.3% in the fourth quarter, according to the company in its most recent filing with the SEC. The institutional investor owned 944,630 shares of the business services provider’s stock after purchasing an additional 208,437 shares during the quarter. National Pension Service owned 0.23% of Cintas worth $172,584,000 as of its most recent filing with the SEC.

A number of other large investors have also bought and sold shares of the business. Hollencrest Capital Management raised its stake in shares of Cintas by 433.3% in the 3rd quarter. Hollencrest Capital Management now owns 128 shares of the business services provider’s stock valued at $26,000 after purchasing an additional 104 shares during the period. Sound Income Strategies LLC bought a new position in shares of Cintas during the fourth quarter worth about $27,000. Addison Advisors LLC raised its position in Cintas by 495.7% in the 3rd quarter. Addison Advisors LLC now owns 137 shares of the business services provider’s stock valued at $28,000 after buying an additional 114 shares during the last quarter. Endeavor Private Wealth Inc. bought a new stake in Cintas in the 4th quarter valued at approximately $31,000. Finally, Quintet Private Bank Europe S.A. boosted its position in Cintas by 357.1% during the 3rd quarter. Quintet Private Bank Europe S.A. now owns 160 shares of the business services provider’s stock worth $33,000 after acquiring an additional 125 shares during the last quarter. 63.46% of the stock is owned by institutional investors.

Analyst Upgrades and Downgrades

CTAS has been the topic of a number of recent research reports. Wells Fargo & Company lowered 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. Truist Financial cut their price target on shares of Cintas from $225.00 to $215.00 and set a “buy” rating on the stock in a research report on Friday, December 20th. Morgan Stanley raised their price objective on Cintas from $185.00 to $202.00 and gave the company an “equal weight” rating in a report on Thursday, December 12th. Royal Bank of Canada reiterated a “sector perform” rating and set a $215.00 target price on shares of Cintas in a report on Friday, December 20th. Finally, UBS Group reduced their price target on Cintas from $240.00 to $218.00 and set a “buy” rating for the company in a research report on Friday, December 20th. Two investment analysts have rated the stock with a sell rating, nine have assigned a hold rating and six have given a buy rating to the company’s stock. According to MarketBeat.com, the stock presently has an average rating of “Hold” and a consensus target price of $199.79.

Cintas Trading Down 0.7 %

Shares of Cintas stock opened at $204.31 on Thursday. 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 has a fifty day simple moving average of $196.31 and a two-hundred day simple moving average of $208.59. Cintas Co. has a 1 year low of $154.15 and a 1 year high of $228.12. The company has a market capitalization of $82.45 billion, a price-to-earnings ratio of 49.26, a P/E/G ratio of 3.98 and a beta of 1.38.

Cintas (NASDAQ:CTAS) last posted 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. Cintas had a net margin of 17.23% and a return on equity of 40.62%. The company had revenue of $2.56 billion during the quarter, compared to analysts’ expectations of $2.56 billion. During the same quarter last year, the company posted $3.61 EPS. Cintas’s quarterly revenue was up 7.8% compared to the same quarter last year. Research analysts forecast that Cintas Co. will post 4.31 EPS for the current year.

Cintas Dividend Announcement

The company also recently announced a quarterly dividend, which will be paid on Friday, March 14th. Stockholders of record on Friday, February 14th will be given a $0.39 dividend. This represents a $1.56 annualized dividend and a dividend yield of 0.76%. The ex-dividend date of this dividend is Friday, February 14th. Cintas’s payout ratio is 37.59%.

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.