Keybank National Association OH Raises Holdings in Cintas Co. (NASDAQ:CTAS)

Keybank National Association OH raised its holdings in shares of Cintas Co. (NASDAQ:CTAS) by 0.8% during the 4th quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The fund owned 29,904 shares of the business services provider’s stock after purchasing an additional 243 shares during the period. Keybank National Association OH’s holdings in Cintas were worth $5,463,000 at the end of the most recent quarter.

Several other institutional investors have also added to or reduced their stakes in the business. Commerzbank Aktiengesellschaft FI boosted its stake in Cintas by 49.0% during the 4th quarter. Commerzbank Aktiengesellschaft FI now owns 1,955 shares of the business services provider’s stock valued at $360,000 after purchasing an additional 643 shares during the last quarter. Bahl & Gaynor Inc. boosted its stake in Cintas by 0.8% during the 4th quarter. Bahl & Gaynor Inc. now owns 845,804 shares of the business services provider’s stock valued at $154,528,000 after purchasing an additional 6,784 shares during the last quarter. Charles Schwab Investment Management Inc. boosted its stake in Cintas by 2.5% during the 4th quarter. Charles Schwab Investment Management Inc. now owns 1,942,751 shares of the business services provider’s stock valued at $354,941,000 after purchasing an additional 47,829 shares during the last quarter. Fidelis Capital Partners LLC boosted its stake in Cintas by 5.5% during the 4th quarter. Fidelis Capital Partners LLC now owns 6,925 shares of the business services provider’s stock valued at $1,400,000 after purchasing an additional 361 shares during the last quarter. Finally, LGT Fund Management Co Ltd. lifted its holdings in shares of Cintas by 63.9% during the 4th quarter. LGT Fund Management Co Ltd. now owns 10,260 shares of the business services provider’s stock valued at $1,875,000 after buying an additional 4,000 shares during the period. 63.46% of the stock is currently owned by hedge funds and other institutional investors.

Analysts Set New Price Targets

Several equities analysts have recently weighed in on CTAS shares. UBS Group lowered their price target on Cintas from $240.00 to $218.00 and set a “buy” rating on the stock in a report on Friday, December 20th. The Goldman Sachs Group lowered their price target on Cintas from $236.00 to $211.00 and set a “buy” rating on the stock in a report on Friday, December 20th. Robert W. Baird lowered their price target on Cintas from $209.00 to $200.00 and set a “neutral” rating on the stock in a report on Friday, December 20th. Royal Bank of Canada reissued a “sector perform” rating and set a $215.00 price target on shares of Cintas in a report on Friday, December 20th. Finally, Truist Financial lowered their price target on Cintas from $225.00 to $215.00 and set a “buy” rating on the stock in a report on Friday, December 20th. Two research 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. According to data from MarketBeat, the stock has an average rating of “Hold” and a consensus price target of $199.79.

Cintas Price Performance

NASDAQ:CTAS opened at $205.29 on Thursday. The company has a quick ratio of 1.38, a current ratio of 1.58 and a debt-to-equity ratio of 0.47. The business’s 50-day simple moving average is $198.20 and its two-hundred day simple moving average is $209.12. The stock has a market cap of $82.84 billion, a PE ratio of 49.50, a P/E/G ratio of 3.98 and a beta of 1.38. Cintas Co. has a 52 week low of $154.15 and a 52 week high of $228.12.

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

Cintas Dividend Announcement

The company also recently disclosed a quarterly dividend, which will be paid on Friday, March 14th. Stockholders of record on Friday, February 14th will be given a dividend of $0.39 per share. The ex-dividend date is Friday, February 14th. This represents a $1.56 dividend on an annualized basis and a dividend yield of 0.76%. 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.