Thompson Siegel & Walmsley LLC Acquires 408 Shares of Cintas Co. (NASDAQ:CTAS)

Thompson Siegel & Walmsley LLC boosted its holdings in shares of Cintas Co. (NASDAQ:CTAS) by 7.1% in the 4th quarter, according to its most recent Form 13F filing with the SEC. The firm owned 6,120 shares of the business services provider’s stock after buying an additional 408 shares during the period. Thompson Siegel & Walmsley LLC’s holdings in Cintas were worth $1,118,000 as of its most recent SEC filing.

Other large investors also recently added to or reduced their stakes in the company. China Universal Asset Management Co. Ltd. boosted its stake in Cintas by 28.4% during the fourth quarter. China Universal Asset Management Co. Ltd. now owns 6,563 shares of the business services provider’s stock valued at $1,199,000 after buying an additional 1,450 shares during the period. KMG Fiduciary Partners LLC raised its position in Cintas by 121.8% during the fourth quarter. KMG Fiduciary Partners LLC now owns 11,545 shares of the business services provider’s stock valued at $2,109,000 after purchasing an additional 6,341 shares in the last quarter. Wellington Management Group LLP raised its position in Cintas by 211.7% during the third quarter. Wellington Management Group LLP now owns 778,884 shares of the business services provider’s stock valued at $160,357,000 after purchasing an additional 529,005 shares in the last quarter. JPMorgan Chase & Co. raised its position in Cintas by 137.5% during the third quarter. JPMorgan Chase & Co. now owns 2,222,527 shares of the business services provider’s stock valued at $457,574,000 after purchasing an additional 1,286,668 shares in the last quarter. Finally, Annex Advisory Services LLC raised its position in Cintas by 1.6% during the fourth quarter. Annex Advisory Services LLC now owns 127,441 shares of the business services provider’s stock valued at $23,283,000 after purchasing an additional 1,988 shares in the last quarter. Institutional investors own 63.46% of the company’s stock.

Cintas Stock Up 1.2 %

Shares of NASDAQ:CTAS opened at $192.84 on Friday. Cintas Co. has a 1 year low of $155.85 and a 1 year high of $228.12. The company has a market cap of $77.82 billion, a PE ratio of 46.50, 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. The stock’s 50-day moving average is $200.02 and its 200 day moving average is $209.07.

Cintas (NASDAQ:CTAS) last announced its quarterly 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 company had revenue of $2.56 billion for the quarter, compared to the consensus estimate of $2.56 billion. During the same quarter in the previous year, the business earned $3.61 EPS. Cintas’s revenue was up 7.8% compared to the same quarter last year. Sell-side analysts anticipate that Cintas Co. will post 4.31 EPS for the current year.

Cintas Announces Dividend

The firm 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 dividend on an annualized basis and a yield of 0.81%. Cintas’s dividend payout ratio is presently 37.59%.

Wall Street Analysts Forecast Growth

A number of equities research analysts have weighed in on CTAS shares. Morgan Stanley raised their price target on Cintas from $185.00 to $202.00 and gave the company an “equal weight” rating in a research report on Thursday, December 12th. Royal Bank of Canada restated a “sector perform” rating and set a $215.00 price target on shares of Cintas in a research report on Friday, December 20th. Truist Financial lowered their price target on Cintas from $225.00 to $215.00 and set a “buy” rating on the stock in a research report on Friday, December 20th. UBS Group lowered their price target on Cintas from $240.00 to $218.00 and set a “buy” rating on the stock in a research report on Friday, December 20th. Finally, Robert W. Baird decreased their price objective on Cintas from $209.00 to $200.00 and set a “neutral” rating on the stock in a 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 issued a buy rating to the stock. According to MarketBeat, the stock currently 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.